A store owner in the Gold Coast says he was shocked when he visited his local supermarket.He says he thought his wife and son were going to buy him a new pair of boots.But the only boots available to them were those on sale at the time."They were sold out," Mr Dickson said."I called them and asked them to help me.They told me I had to leave and return in another time."The store owner says he has b...
A couple of weeks ago, Suntrust bank in India closed their accounts after the government issued a notice that the bank was violating a rule that prohibits charging credit card users more than Rs.5,000.
Now, a couple of months after Suntrust had closed its account, they have returned to the bank.
“The bank returned our account after two months as we did not want to continue paying overdraft charges,” says Rajiv Sankaran, a 25-year-old engineer at a construction firm.
Suntrust said it received a complaint from an account holder of Rs.25,000 and a charge of Rs1,300 for every month spent.
But Sankaran said that the charge was for the last month and he didn’t know when the charge would be paid off.
“I don’t want to be the one to pay for a mistake,” he says.
The company said it was “confident” the charge will be paid.
“We have sent a letter to the customer to ask him to pay the charge.
We will be paying the bill through the credit union,” Suntrust said in a statement.
The government has asked banks to report all credit card transactions that do not follow the rules.