bank account Fraud,Banco del Progresso

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zmth

New member
May 30, 2006
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I opened an account with Banco del Progresso 2001 and everything was ok till about year or two ago. NOW they have discontinued my account. In Spanish they reply with the english equivalent of " i am not a member of the bank, do not have an account !!! which is "Usuario no es cliente del banco."
By now my account balance should have been larger than ever which including all interest deposits more than $18,000. I last made a withdrawel there Jan 2004. They ignore all requests. It is not a matter of dormant account as have periodic deposits. I give detailed as anyone could of all personal info. etc. and either they ignore or the reply is "Usuario no es cliente del banco." Anyone no of government agency to handle such fraud? There are none in USA as already tried- they only handle us affiliated banks. Is there any agency in Dom. rep that can help and what is their email?
 
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Naked_truth777

New member
May 11, 2006
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Surprise.from what I ave heard DR banks must pay 33% for govermental insurance. It is 4 % is US.Not sure how true it is,but try to consult a lawyer.$18000 US is considerable amount of money . So ,do not let them get away with it. Sue them if you have to.Do you have all origional papers? What explanation did they give you ?Where all of the sudden your money went??? How did you open your account? With cash? I hope not. You need verification of your deposit.They have burden of proof to prove that you withdrew your money. Good Luck. I hope you get your money back.
 
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BushBaby

Silver
Jan 1, 2002
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www.casabush.org
N_T777,
Tis poster put on several posts on this subject in various forums. It got a serious reply in a couple of them suggesting the OP contact the bank IN PERSON (or get the Bank's permission for a lawyer to do it on his/her behalf) to RE-ACTIVATE the account. It is HIGHLY unlikely that Banco del Progresso is trying to cause fraud for such a small amount - well, small to them!!

It would be good to see if the OP did as members here suggested & if he/she got satissfaction! I doubt whether we SHALL hear from him/her as history shows that posters, once they have got what they want, seldom return to offer thanks or say "Mea Culpa - all sorted & Thanks for the good info." ~ Grahame.
 
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Wonderdog

New member
Apr 25, 2005
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Puhleeze.

So you've walked into the bank to retrieve your money and have been told it just doesn't exist any longer and were escorted out? I would love some detail on this.

Is there anyone here that had money in an S&L back when a few went down? I'd be interested to hear if the FDIC backed up individual citizens as well as FEMA did after the hurricanes.
 
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zmth

New member
May 30, 2006
68
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banco del progresso bank account problem

I haven't been there in person. Got all the info. that i don't have a bank account there off internet - their website.
 
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rellosk

Silver
Mar 18, 2002
4,169
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Wonderdog said:
Is there anyone here that had money in an S&L back when a few went down? I'd be interested to hear if the FDIC backed up individual citizens as well as FEMA did after the hurricanes.
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The FDIC came through. The FDIC is a form of government insurance. FEMA is a form of government assistance. They are very different entities that function in very different ways.
 
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rellosk

Silver
Mar 18, 2002
4,169
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math said:
I haven't been there in person. Got all the info. that i don't have a bank account there off internet - their website.
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It sounds like you never even spoke to anyone? Why not?

Did you open the account over the internet?
 
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HOWMAR

Silver
Jan 28, 2004
2,624
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Wonderdog said:
Puhleeze.

So you've walked into the bank to retrieve your money and have been told it just doesn't exist any longer and were escorted out? I would love some detail on this.

Is there anyone here that had money in an S&L back when a few went down? I'd be interested to hear if the FDIC backed up individual citizens as well as FEMA did after the hurricanes.
Click to expand...
First, the S&L's were not insured by the FDIC but by the FSLIC. The failing S&Ls were absorbed by solvent banks who made good on all deposits, even those in excess of the insured amounts (I believe $100,000 at the time). They were then covered for losses after liquidating the S&L assets by the FDIC. Individuals didn't have to make any claims.
 
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rellosk

Silver
Mar 18, 2002
4,169
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48
HOWMAR said:
First, the S&L's were not insured by the FDIC but by the FSLIC. The failing S&Ls were absorbed by solvent banks who made good on all deposits, even those in excess of the insured amounts (I believe $100,000 at the time). They were then covered for losses after liquidating the S&L assets by the FDIC. Individuals didn't have to make any claims.
Click to expand...
Thanks for the correction. It would have been the FSLIC.
 
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rellosk

Silver
Mar 18, 2002
4,169
58
48
For some reason this poster has posted this question in four different forums. I suggest than any answers to his questions be done in this thread.
 
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