Amsouth Still Sucks !!!

October 17 2006

ALRIGHT !!! .... we've had enough ... we are going public.  How wonderful it must be to be a big corporate bank with an account agreement that says "either party can close the account for any reason at any time".


Now, for you and me, if we close a bank account ... what's the big deal to the bank ... nothing really ... yeah they lose the account ... but other than a few minutes time ... it costs them nothing.


BUT, when a bank closes an account ... without notice ... and "for any reason" that is a disaster for you and me ... John Q. Public (especially when you are 12,000 miles away and you can't exactly walk over to the bank across the stree) ..... Amsouth is just such a bank ... DO NOT TRUST THEM ... DO NOT GIVE THEM YOUR MONEY ... DO NOT GO NEAR THEM ... they will destroy your finances .. your lives ... costs you hundreds of hours of trying to "rebuild/re-establish".


Amsouth Bank has closed my sister's account, my account, and now my mother's account.  I am still trying to understand why they closed my mother's account ... its a new development.


So, why did Amsouth close my account and my sister's?  For over 6 years Amsouth has been accepting my paychecks ... handling large amounts of money ... numerous and large wire transfers ... including transfers to Indonesia.  NOW SUDDENLY, AMSOUTH DOESN'T WANT MY ACCOUNT BECAUSE I DO BUSINESS WITH INDONESIA.  Of course, I do ... I live here ... I lived here in 2000-2001 when Amsouth had my account .. I've transferred money here regularly since, while living in Angola ... and I am living here now ... because my company moved me here .... just like thousands and thousands of other US Expats living/working here.


So, without notice, without warning, without explanation ... they closed my sister's account and my account.  Then, they started bouncing checks that arrived after closing the account (and charged me $36 for "insufficient funds").  Now, they have closed my mother's account ... probably (I'm speculating here) because she cashed a $220 from the HORRIBLE HORRIBLE MAN THAT IS DOING BUSINESS WITH INDONESIA.


No doubt this has to do with HOMELAND SECURITY ... but it sucks ... more on this later !!!