MyBankTracker rated FirstMerit Bank based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.
My bad experience with this bank started with an overdraft on two uses with my debit card on the same day. By the end of that day my account was still in the positive. The next day i again used my debit card and made a withdraw. I was sure funds were deposited the night before. Later that morning i discovered the error and understand i owe the bank the amount i had withdrawn and a $35. 00 overdraft fee. It wasnt til a few days later they told me i was also charged $70. 00 for the two uses on my debit card the day before. All of this caused a snowball effect considering i had used my debit card three of more times believing i had that $70. 00 in my account.
My mother has an account in the same bank. My name is on her account for emergency use only. Today she went to take care of some transactions with her account and the bank refused to let her have any of her money until she paid a $1. 78 to my account. She would not agree to it until she found out she could not have her money or do any transactions with her account. She finally agreed to pay the $1. 78. The bank teller told my mother she would be right back. After a couple of minutes the woman returned saying my mother would have to put over $100. 00 in to my account. Considering my mother has automatic bill payments expected to go through soon she agreed to pay the amount over $100. 00.
They not only stole money out of my account, they then held my mothers account hostage. My mother and i are both done with this bank. It is sad considering i have been with this bank for about 8 years and my mother has been with them for about 5 years.
I mailed a pmt on 3/19/2015 along w/ 3 other pmts. The 3 pmts cleared on 3/23/2015. The 1st merit pmt did not process till 3/24/2015 causing a late charge.
the customer service person was no help insisting that they do not hold checks forcing a late charge to the account. This practice was supposed to be outlawed years ago by the feds. Apparently 1st merit did not get the memo.
I was a Citizen's Bank customer for over 20 years. I was devastated when i learned that the bank had been sold and that my favorite Banker of all time, Frank was retiring. I didn't know what to do. I was surprised when i went to meet the new manager that he was very understanding and told me that the level of service I was accustomed to would not change. Conclusion: give this new bank a chance and meet the manager, he will work with you.