For any member that has a car loan please be aware of their car insurance policy as it benefits their company if your policy runs out/expires. They have a continuous insurance coverage with no lapses but their notification comes to you a month after they receive their notification. The reason I am writing this is that they charged me 3 times what a normal insurance company would charge for my coverage and with out any notice just added the payment to my car loan. We are giving these banks to much power to do what ever they want and you don't have any say in it. On top of that they didn't know how to explain why I was being charged 3 times what the car is even worth on car insurance. I think they take advantage and really customer services is reading out of a hand book when you start asking questions about why. I just want to have people think twice as this information is never given to you face to face and its only done through a piece of paper that they mail out to you. The great thing about this is that I only have my car loan with the bank and I really never so fit of me having other accounts with funds in them. I will not mention the name of who I spoke to but she really didn't know why they charge so much and who is making that extra money. Would not recommend bank and just do your research and read the fine print because they are really out to take your money if they have the chance and I loan my lessen.
For any member that has a car loan please be aware of their car insurance policy as it benefits their company if your policy runs out/expires. They have a continuous insurance coverage with no lapses but their notification comes to you a month after they receive their notification. The reason I am writing this is that they charged me 3 times what a normal insurance company would charge for my coverage and with out any notice just added the payment to my car loan. We are giving these banks to much power to do what ever they want and you don't have any say in it. On top of that they didn't know how to explain why I was being charged 3 times what the car is even worth on car insurance. I think they take advantage and really customer services is reading out of a hand book when you start asking questions about why. I just want to have people think twice as this information is never given to you face to face and its only done through a piece of paper that they mail out to you. The great thing about this is that I only have my car loan with the bank and I really never so fit of me having other accounts with funds in them. I will not mention the name of who I spoke to but she really didn't know why they charge so much and who is making that extra money. Would not recommend bank and just do your research and read the fine print because they are really out to take your money if they have the chance and I loan my lessen.