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Online banking horror stories
Names have been masked to protect the ghoulish
  • I was doing just fine with online banking via Boo Bank and Microsoft Money. But no, that would be too easy. Boo Bank and Witch Bank had to merge. Witch Bank said I wouldn't be able to pay bills online until I got a new personal identification number and different financial software. I just paid almost a hundred bucks for Microsoft Money and now Witch Bank won't even let me use it. As of Sept. 30, Witch Bank has merged again, [this time] with Bank of Goblins. At this moment I don't know who in the heck I'm banking with. In the meantime, I can't pay bills online and Witch Bank hasn't sent the software they promised and I just don't know when things will get back to normal. This is a "merging" nightmare.

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  • I signed up with Haunted Home banking, planning to use my Quicken interface. I even set up recurring payments electronically. It worked a lot better in theory than in practice and I ended up becoming so frustrated that I canceled the Haunted service. I went back to paying my bills with Quicken. What I didn't anticipate was the fact that canceling the Haunted service did not cancel the automatic recurring payments. I sent my Quicken checks manually and the bank sent my payments for the car, the mortgage, the insurance, etc. electronically as well. I went to take some cash out of the ATM and found that I was $10,000 overdrawn and the machine wouldn't allow me to withdraw a dime. That would have been fine, except that I was at the airport in Boston getting on a plane for Denver in a few minutes. Every thing turned out OK in the end, but it took several months, a couple of phone calls and a couple of letters.

-- Posted: Oct. 30, 1998

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See Also
Special Report: Halloween Horrors
Read more Horror stories: Auto loans, Credit cards, and Mortgages
Online banking fees
Definitions: Banking terms
Online banking glossary
More online banking stories

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