Trustco Bank Union St, Schenectady, New York

Trustco Bank Reviews

2.9 stars based on 5 reviews

Featured Comments:

• S

  Susannah Risley

  5.0

  I've been banking here for decades. My experiences have always been positive. Nice staff, too.

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  Response from the owner

  Susannah, thank you for taking the time to share your review. Delivering excellent customer service is one of our top priorities and we are pleased to hear that the Upper Union Street branch is providing just that! -CB

• B

  Brian David

  1.0

  Trustco, a shady bank. First off, their mortgages are very competitive. Rates are low and no PMI is a huge plus. But this bank is stuck in the late 90s and early 2000s as far as money accounts go. Their online banking system is archaic, slow and difficult to use. But the biggest issue is the shady fees and penalties with no warnings. Ive been with the bank for a decade with my mortgages. They've made a ton of interest off me in that time and thats fine. Recently however, without a warning, letter or email, and out of no where, they changed their checking account rules in so that you must have an average running balance of $500 a month or u get a 5 dollar fee tacked on per month. I rarely check my checking account because this account is strictly to deposit money for my auto pay mortgage each month. So I was angry when I realized how many fees accumulated over the months. They also refused to refund any of it. Thats not the worst part though. Recently I forgot to transfer the money from my tax savers to my checking to pay for my school taxes. I sent the check out to Colonie and Trustco let the check bounce 3 TIMES!!! Without a single letter, email or phone call. This racked up over a $100 worth of fees. It was a honest mistake from a long time customer and they refused to refund any of it. Super shady! Not to mention without warning, letter, or email, they opened up an overdraft account which created a HARD HIT on my credit without my consent prior to the bounced check. Even worse, the overdraft account didn’t even safe guard me from the bounced check. Unbelievable! Will almost certainly refinance my mortgage with some other bank soon. Trustco is the new Fee Bank and they show absolutely no loyalty, and refuse to help out their long time customers. Bait and switch shadiness!

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  Response from the owner

  Brian, providing excellent customer service is something that we strive for every day. We take all customer concerns seriously and understand your frustration with overdraft fees. Please contact our customer service department at 800-670-3110 or stop into a local branch so we can properly address your concerns. –KS

• D

  DUKE of RANDOM

  1.0

  July 21 I couldn't withdraw any money because BOTH ATM machines wouldn't allow me. I've been going here for years and this is the last time I'm dealing with this nonsense.

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