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Nationwide Bank Customer Reviews

(21 Reviews)
1 out of 5 stars
5 Star 0
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3 Star 0
2 Star 0
1 Star 21

The Most Helpful Nationwide Bank Reviews

The most helpful favorable review
Reviewed By davilajr Apr 10, 2014

Nationwide is not on my side

I recently applied for a HELOC at Nationwide solely based on a quick review of lenders and their HELOC rates. Shortly after submitting and documenting my application, I contacted Nationwide because I had not received status of my application. The rep on the phone was courteous and, after reviewing his computer system, told me that the underwriting team needed a couple more documents related to my income tax returns and income which I immediately provided.

Weeks went by and I then received an email indicating that they have made a decision on my application and that were unable to approve my application at this time. The email also said Nationwide would contact me by mail explaining its decision. Again, weeks went by and nothing came which prompted me to call them. I spoke to a lady who, from the beginning, sounded as if I had stolen one of her children from her home. She said the underwriting team had disapproved my application because I had not lived in the home more than six months. Where they obtained that information escapes me, I completed the application myself and showed them I had owned the property since 2010. By the way, my attempt to inquire where that information was taken from triggered a one way conversation from the rep to me to the point that I had to ask her why she was upset at me. She wouldn't provide me a direct name or contact person to resubmit evidence of my home ownership and simply said I needed to fax it to the number she was giving me.

Anyway, Nationwide did not bother to contact me to confirm any information prior to, unilaterally, dismiss my application and sent me an explanation letter that never came. Having read the reviews others have provided here, I decided that Nationwide is not for me and will not follow up or attempt to support my application. Some reps at Nationwide are rude and simply not customer service oriented. They do not seem to have time for customers and their issues.

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The most helpful critical review
Reviewed By Robert V. Aug 2, 2013

Great, until they started socking me with fees.

I had a money market account for years that I was depositing to on a regular basis. Good initial rate, no problems. Then I had a period of inactivity and they started charging "dormancy" fees (even though I had several thousand dollars in my account). So I contacted them and they refunded the charges and told me I just needed to withdraw or deposit funds periodically to avoid charges. So I did that and when my account dropped below a certain figure, they started charging a low balance fee of $8 per month. When I complained that their representative did not warn me of this when I told him I was going to take out most of the money, they refused to refund the charges. They said the charge was listed in the account disclosure statement.

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Latest Nationwide Bank Reviews

    Reviewed By TeachinAR Dec 23, 2016

    Bait and Switch from Nationwide.

    I received an offer to refinance my auto loan (5.4%) to as low as 2.69% for 60 months. I had 62 months on my current loan with a payment of $418.75. I was pushed by my husband to apply and see what I could get on a Friday evening. I got an offer of 3.970%, only if I allowed them to draft the payment, or 4.970% if I chose to mail my payment in. This was not much of a savings. Not only that, my payment went up to $420.46. My husband and I figured that I would be saving around $1100 dollars of interest. I had finished the loan, because I had a lot of questions. He called for me the next morning, and they explained that I was not eligible for a lower interest rate because I was not financing a minimum of $25,000. He was also told if I did not finalize my loan application before 24hours, I would lose that loan rate. I made it home from work by 12. We started calling multiple times from 12 until 3, but the automotive system said no one was available and to call back during business hours on Saturday 9:00 am - 5:30 pm. That should have been a red flag. After discussion with my husband, I finalized the loan online. This was the biggest mistake I could have ever made. Nowhere in the online process was a finance charge stated. Once it was said and done, I am being charged $2,412.51 finance charge. Now, my ending balance is $25,225.83. I am sick to my stomach. This was my mistake and I own it. I did not go with my gut, which told me not to trust this company. I want other to heed my warning. DO NOT refinance with this company (especially online). You will not know what you are being charged until it is too late!

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    Reviewed By Shine137 Aug 26, 2016

    Car refinance

    I received a preapproved invitation to apply for an auto refinance. The advertised rates were lower than my current loan so I thought I would go for it. BIG MISTAKE! I was denied, I now have a hard inquiry from Nationwide on my credit report AND my credit score is 750. Fyi, they pulled from TU.

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    Reviewed By money16 Aug 12, 2016

    bad exeriences over 10 years

    I'm a Nationwide Agent and I will be moving all of my business away from Nationwide Bank soon. Enough said! Banks are a dime a dozen, do not waste your time here.

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    Reviewed By rick2380 Aug 1, 2016

    A Bank Stuck in the 90's

    Don't ever, ever put your money in this bank! The first deposit that I made was a paycheck that they arbitrarily decided to come up with a reason to hold the availability of the funds for 10 business days! Who takes 10 days to verify anything with today's technology? Start as far away from these clowns as possible!

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    Reviewed By gkellerman Jun 6, 2016

    Horrible processing and rates

    I'm blown away on their incompetence. Filling out the motorcycle loan was simple. The place I was buying the bike from called me and said they would not do an ACH with them because they are not affiliated with them. That's fine. Its a small business. I call Nationwide and ask them to cut a check. They said I would have it in a few days.

    A week passes and nothing. I call them and they state that it hadn't been processed yet because it was a special case. 1) How on earth is a bank cutting a check a special case?!? 2) Why did you tell me one thing and then I sit there?!? I told them to not send it and to cancel the loan. They said they would get it cancelled. I requested confirmation and was told they do not offer email or mail confirmation of a cancelled loan. Huh?!?

    Two weeks pass and I look at my checking account and they took out the first month's payment! I call them and ask what is going on and they tell me it hasn't processed yet. 2 WEEKS. I'm then told that they cannot process the refund on it until the loan is cancelled. I said bull and asked for a manager. I sit on hold for 20 flippin' minutes until the supervisor answers. "We will cut the check today and send it out and your loan will be cancelled by Wednesday."

    I'll believe it when I see it. I'm going to call daily to make sure its done.

    Friendly folks, but terribly disorganized bank. Would not recommend for anything.

    On that note, I went through a local credit union for the loan and the rate went from 9% to 3.5%, so glad I looked elsewhere.

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    Reviewed By monib68 Apr 17, 2016

    Erroneous Credit Reporting by Nationwide Bank

    I have had an auto loan with Nationwide Bank since 10/18/2013. On 2/3/2016 my vehicle was involved in an accident and totaled. The accident was not our fault. The insurance company paid a portion of the payoff which left a deficiency balance of $2,303.00. Nationwide Bank did not send any correspondence to me or demand payment of the deficiency balance. On 3/30/2016 Nationwide Bank reported a charge off in the amount of $2,303.00 to Experian along with a failure to pay which was untrue because a regular monthly payment was debited from my checking account on 3/7/2016. On 3/31/2016 Nationwide reported a charge off/never late to Equifax. I have never made a late payment to Nationwide Bank and the account was in good standing when the reports were made. I even made three payments after the accident happened. The legal question is was Nationwide Bank obligated to send a demand letter or some type of correspondence stating what the remaining balance was after the insurance payment was made? If we had been notified of a payment demand we would have gladly paid them the balance to avoid any detrimental consequences to my credit. This is how Nationwide conducts business. Beware of dealing with them!! Nationwide is NOT on your side!

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    Reviewed By cf80107 Apr 16, 2016

    Worst Banking Experience I've Ever Had

    I opened my account 3 months ago. Everything has been fine, always kept a healthy positive balance, absolutely no overdrafts. Then one evening, I find I've been locked out of my account. That same evening, I also discover that Nationwide does not have 24x7 Customer Service. When I finally am able to get hold of a CS rep, I'm told the account is being closed because of some 'report' from a bank that I haven't written a check on in over 5 years! I was also told that Nationwide had sent me a letter. ummm - No, no letter, either before or since the lockout. I asked to speak to a Supervisor, but apparently Supervisors are either too busy or too scared to talk to customers. (I'm betting on the latter). I was told that the accounting department would be mailing me a check for the balance in my account that very day. Right - just like they mailed me a 'letter.' In the meantime, I have no money - none, zilch, nada. And they say they're on 'my side?'

    ETA: The letter Nationwide said had 'been mailed' , was not mailed until the day AFTER I first spoke with them. My money also was not mailed the day they promised it would be. I've been told since that it went out the same day the letter was sent; however, although I've received the letter, the money has still not arrived. The only conclusion I can draw is that Nationwide has now lied to me at least twice - and quite possibly a third time.

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    Reviewed By Rags Feb 27, 2016

    The Worst Experience Ever

    I would not recommend them to anyone. Can never get a clear answer and my money has been held up for over a month with out an answer on when it will be available. Even the supervisors can't tell me why. And I am not talking about a small trivial amount of money.

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    Reviewed By NevaBear Feb 11, 2016

    Be aware of this Bank

    I had an unfortunate few days with Nation Wide Bank for a refinance for my car loan. Well, lots of trouble with the application and the numbers for my new loan kept shifting and then they said I had to change my browser from Opera to some other browser and I just told them to forget it. Stay away from these people!

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    Reviewed By airforce Jan 20, 2016

    Most Horrible Bank Alive Stick To Your Failed Insurance

    Nationwide bank is online banking service that requires no documentation to access a new checking account. They offer multitude of garbage custumer service, and nationwide is not on your side, they will do anything to save themselves and nothing for the costumers. They blocked my account without notice, mail, email, or communication to find out it was blocked due to transaction of groceries i made because there electronic 1967 fraud dectection system flagged my groceries purchase an fradulent. They stated i needed to call them everytime i needed to make a purchase horrible bank

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