Worst bank

I am fumming,

I have just come away from my bank after being told that a deposit scheme i was in is now changing and I will be getting the same amount in shares of the bank. I cannot get mey money out, and have to wait 1 year before I can cash in shares who knows at what reduced rate.  Has anyone else been told this and what can we do ???

I have complaind the bank director and sent email to their customer service.

I am with Bankia formerly bancaja before thet merged. Put money in a preferenial product to get better interst rate, but still had instant access to my money. Now this has changed with no warning or option to get my money back.

Hi

Same here, but have been told we can sell 75% of the after 4th April ? also if we done want the shares we can opt out now, BUT will only get 30% back of what we put in, at the time we brought them we was told we could sell at anytime, but the manager said the ruls changed a couple of months ago. all the paper work is in Spanish 16 pages so it will take me a while to translate

WE use BANCAJA and now have had to sign a new BANKING agreement with BANKIA

We keep THE MINIMUM in SPAIN as they DO WHAT the hell they want no BANKING CODE no OMBUDSMAN to speak of

my advice GO OFFSHORE just keep enough to pay YOUR UTILITIES

Rod

Just to make matters worst, the share price is 2,57 but the bank bought the share for everyone at 3,30. They say this was the avaerage over the past 3 month. Bloody great, we are already onto a losser before we even start.

The worst bank is probably the one you are with, it's just that so far you have not realised it !

  But you will when you try to do something which you have not done before.