Fifth Third Bank loses $202 million

Fifth Third Bancorp is reporting a net loss of $202 million, or 37 cents a share, in the second quarter compared with a profit of $376 million, or 69 cents a share, for the same period in 2007. Full Story
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Onedoer

Holly, MI

#208 Apr 27, 2009
They may be spending too much money on Robo calls. They called me saying there was unusual activity in my account and I should call them. I stupidly gave information over the phone I should not have. Then I had to close two accounts, change passwords, open new accounts and at that time the manager suggested ID Theft protection at 9 bucks a month. I took the trial period. The next day not only did I get a robo call for each of the accounts I closed. I got calls for the two new accounts. FOUR robo calls each day for a few weeks starting as early as 8 AM and running as late as 8PM. I would not be surprised if 5/3 outsourced these calls to their American customers to a foreign country.
AMT

Cincinnati, OH

#209 May 12, 2009
I hope 5/3 goes under. Employees may be fired but all that lost business has to go somewhere. It'd be good for banks that don't overcharge and treat their customers with no respect. If other banks get 5/3's business or take over they'll need employees. What better than to get the small portion of 5/3 employees that aren't retarded. I don't feel bad for the sales reps and managers who have lied to me and treated me like crap because their system made a mistake.
stealth

Muskegon, MI

#210 May 18, 2009
I guess you were wrong about 5/3 stock....
stealth

Muskegon, MI

#211 Jun 1, 2009
Fifth Third employ thousands of people here in Michigan, the Bank will get it's share if it goes under, but what do you think will happen to thousands of these people with familys? This year's total economic contribution of more than $133 million,Fifth Third Foundation Awards 17 Students with $42500 in Scholarships, The River Run raised $80,000 this year,$1 million in charitable contributions in southeast Michigan to groups such as the United Way, Hospice of Michigan, Michigan Women's foundation...

Maybe you can think about the BIG lost we would face in Michigan and LEARN how to balance your check book..
Money Wasters

United States

#212 Jun 11, 2009
Tell me about it....I put my payroll check in at an after hours 53 banking center at about 7.50pm on the 10th. My payroll check was dated for the 11th. They put a hold on my payroll check until the 23rd of the month, because I put the check in before the check date. I called them and explained I put the check in at 7.50pm on the 10th which is the 11th in banking hours. I had to wait an entire pay cycle to access my check. I was told that it would not have happened, if I had just put my check in on the 11th as the check was dated for. I explained again that I put it in on the 10th at 7.50pm and it would be processed until the 11th? I went around and around with them and they refused to see their error. Naturally, I am closing my account.
gurly_girl09

Columbus, OH

#213 Aug 6, 2009
5/3rd is a screwed up bank I put my check in the bank on a saturdey & they said the next buisness day "MONDAY" I would have it in my account but Monday came & I was -$27 I called them they said I had the firt $100 until the check cleared & I was not going to be overdrawn feed it would go through the process but the next Friday I deposited my next check & they took $375 from me for overdraft fees I was pissed & went in there that saturdey morning & told them what was up I got $150 back but I was not happy with that so then Monday I faxed in to the corpret office & got anouther $100 back but that was it I was so pissed They knew it was not my fault but blamed it on me they stole $125 from me & now I have a dollar in my account & thats all I will ever put in there Im gonna cash my checks now they can’t take money I wont give to them right!...They told me I needed bank counceling & to keep track of my money!...I told them I wouldn’t have had this problem if when I called “OH YEAH I CALLED MONDAY MORNING & MONDAY NIGHT THEY SAID THE SAME THING” any ways if they told me the correct information & if my money was acculy in there when they said “ON THE NEXT BUISSNESS DAY!” She said she was telling me for future purcheses I told her they were just fucking with me because I use my card & thought it was an easy target & told her to stop fucking around with me I didn't want to hear her bullshit & I would never keep money in my account any more then I said goodbye & hung up!
gurly_girl09

Columbus, OH

#214 Aug 6, 2009
I put my check in the bank on a saturdey & they said the next buisness day I would have it in my account but Monday came & I was -$27 I called them they said I had the firt $100 until the check cleared & I was not going to be overdrawn feed but the next Friday I deposited my next check & they took $375 from me for over draft fees I was pissed & went in there saturdey morning & told them what was up I got $150 back then & Monday I went to the corpret office & got anouther $100 back but that was it I was so pissed They knew it was not my fault but blamed it on me now I have a dollar in my account & thats all I will ever put in there Im gonna cash my checks now they can’t take money I wont give to them right!...They told me I needed bank counceling & to keep track of my money I told them I wouldn’t have had this problem if when I called “OH YEAH I CALLED MONDAY MORNING & MONDAY NIGHT THEY SAID THE SAME THING” they told me the correct information & if my money was acculy in there when they said “ON THE NEXT BUISSNESS DAY!” She said she was telling me for future purcheses I told her to stop fucking around & I would never keep money in my account any more then I hung up
Unemployed

Florence, KY

#215 Aug 13, 2009
Me too, they took my whole unemployment income deposit for overdraft fees! When I asked why the fees were charged; the informed me the state unemployment deposit money was not available to me on the day it was deposited!!!!
So, all the transactions for that day were considered OVERDRAFT!
I am shocked by the multiple serious allegations and/or grievances posted during the past 24 months or so from other internal employees and community customers at the Fifth Third bank. Some comments even allege that the Fifth Third bank may be violating civil laws.
It is alarming to read comments that demonstrate Fifth Third practices a pattern of unethical, deceptive business operations: i.e. being bullied out of home purchase in which the bank knowingly reaped a profit from a backup contract, unreasonable overdraft charges, non-disclosure of policy to hold deposit funds for 24 hrs. etc.
Collectively many of the comments/complaints posted which I’ve read, demonstrate repeated instances in which unconscionable violations of the Ohio consumer sales protection laws are violated; sections 1345.02, 1345.03, or 1345.031 of the Ohio Revised Code.
The implications for the Fifth Third Bank organization might constitute a predatory banking business behavior in which the bank is ignoring consumer laws and blatantly violating civil law.
It is an economic reality, the Fifth Third Bank is a 30,000 pound financial gorilla, and “we” consumers are mere unsuspecting flies being arrogantly swatted away. Our individual complaints fall on deaf ears. Has anyone in this thread considered talking with each other about pursuing a class action suit?

Since: Jun 09

West Bloomfield, MI

#216 Aug 15, 2009
ALL BANK POLICY'S state, if you deposit a check on SATURDAY, banks consider this a MONDAY deposit, therefore the next business day will be TUESDAY. This is all bank policy. AVAILABLE balance and Balance are not the same. You should always go off your available balance..If you can stick with these policies, you will not Overdraft..The banks offer multiple tools to avoid fees, like mobile alerts, e-mail alerts, OD protection.
Greg

Raymond, OH

#217 Aug 18, 2009
I have to agree with the bashers of 5/3rd bank. They are truly a sub-prime company. My mortgage was farmed out to them. Heck, if they charge all of these fees PLUS they don't even include envelopes with your payment book.....what cheesey way to do business is that ? I get an envelope with all of my other statements...why not 5/3rd?
Because they are cheap money moochers. By the way, you will see the price of the stock drop back to about $7 per share soon enough.
Stealth

West Bloomfield, MI

#218 Aug 18, 2009
Greg wrote:
I have to agree with the bashers of 5/3rd bank. They are truly a sub-prime company. My mortgage was farmed out to them. Heck, if they charge all of these fees PLUS they don't even include envelopes with your payment book.....what cheesey way to do business is that ? I get an envelope with all of my other statements...why not 5/3rd?
Because they are cheap money moochers. By the way, you will see the price of the stock drop back to about $7 per share soon enough.
Wrong!! Most of the issues could have been prevented. Policy's are put in place for a reason. Sit with your local banker and have them explain to you or better educate you on BANKING.
billy b

Chicago, IL

#219 Oct 27, 2009
I'm not a fan. Had great service until I needed something out of the "norm" of everyday banking. I called the corp office and they gave me the run around. The service mang was rude and talked down to me. I honestly wanted to drive down there and punch him in the face. If you ever get fwd to a mang named chris good luck! I am a veteran and should have been banking with usaa from the start. I have been with 5/3 for 10 years now and couldn't be more disappointed with how they treat long term customers. This bank may work for some but not for me. I hope my experience is not a common one for their current customers sake.
stealth

West Bloomfield, MI

#220 Oct 27, 2009
Stealth wrote:
<quoted text>
Wrong!! Most of the issues could have been prevented. Policy's are put in place for a reason. Sit with your local banker and have them explain to you or better educate you on BANKING.
Sorry to break this to you, Fifth Third is a business (not a charity) They purchase these loans<- you should have known your loan would be sold off, first mistake. The bank aquire these loan's and offer free bill pay/auto pay. You sir, have chosen to opt out. If you think 5/3 is SUB-PRIME, why not REFI out to another BANK. Be Honest, No one will buy your current "SUB-PRIME" over valued maxed out loan and thanks to 5/3, they did- Maybe, Wamu is a better choice of Lender, or Ameriquest, how about Countrywide, Oh no, what about BOA?? or Chase-YES, please, lets see what Chase will do for you!!! try Chase...Good Luck, free will to leave, why not???
bill

Cincinnati, OH

#221 Jan 21, 2010
Jim wrote:
This doesn't surprise me! They are the worst bank in the system today! I will never use 5/3rd again after the poor customer service my family has received!
After doing company business with them for 27 years, and not missing a single mortgage payment on the building we financed through them, they now no longer want to carry the loan and expect us to come up with the payoff amount in one year. If not, we go into foreclosure. So much for supporting same business. We are now pulling all of our accounts out of 5/3 and moving them.
I suggest all others do the same. I feel we got taken!!
JACK

Southfield, MI

#223 Jul 29, 2014
THE FIFTH THIRD BANK IN NOVI MICHIGAN
I HOPE WILL BE ONE OF THE 1ST BANKS
THEY WILL CLOSE, WHEN THE BRANCH CLOSE-ING
START. AT THE ATM, I WAS SHORT TWENTY DOLLARS
AND AFTER FIVE WEEKS THEY SENT ME A LETTER
SAYING END OF INVESTERGATION , I;AM A LIE.
JACK

Southfield, MI

#224 Jul 29, 2014
The fifth third bank in Novi Michigan.
will steal your ATM MONEY.
CLOSE the bank Please/
200 million lost.
mat

Southfield, MI

#225 Jul 31, 2014
is there any truth that fifth third bank is going to close some
of its branches in Oakland county Michigan.
because some of it branch manager open up at 9 am .
and leave and go out shopping and come back hours later.
and they get away with it because they go with top managers.

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