Being terminally ill with Cancer means nothing to my Bank, and they will not redeem your GIC early.
I checked with my different banks about early redemption of GIC's for care and living expenses of this awful, terminal disease. My first reach out was in June and the Bank response was this:
"Thank you for being a valued customer at ___Bank.
Sorry to read about your recent health concerns. For early GIC redemptions, customers would need to send us any details regarding their hardship in a cover letter or e-mail format. All GIC redemption requests are reviewed and determined by our management team. "
Looked promising right?
They have finally (after many emails on my part, they tend to ignore a lot) 4 MONTHS LATER made their decision: "Our Management has reviewed your request for premature termination of your GIC, but unfortunately has declined your request." They knew in advance they were going to deny my request!
So just a heads up for ANYONE, ____ Bank DOES NOT HAVE COMPASSION FOR DYING PEOPLE. Do not give them your money, because if you die sooner than expected, you will never see the money you put in their care. It is not as if I was asking for a loan or charity, THIS IS MY MONEY TO BEGIN WITH. I was prepared to pay an early redemption fee.
How sad and pathetic is a company that won't allow you to redeem early for medications and living expenses when you are terminal. If they are in financial difficulty and just don't have it, just be honest with people and let them know. Supposedly they are very well funded, so why won't they let me have my money back to live on? Of all the banks I checked with they are the only ones who don't care if you are dying or not, and will not early redeem! Please stay away from this bank!!
Do you have a similar situation with your bank, please post it so we know who to stay away from!
Stuart
Search all discussions
