bigdoggy

Indus American Bank

I was sweet talked into opening an account at this bank by one of their employees at the local eatery. I was tempted by their interest rates, no fee and online banking.

I did the needed paper work and initiated a transfer from my present bank with a opening deposit ($10,000). The deposit was sent by wire transfer. After 10 days they have yet to find my money or even open an account. I was informed that I will only be paid interest on the day the money reaches them. I even provided them with all details from my present bank (Citibank) who wired them the money and have repeatedly confirmed that the money has been received.

All this after spending over 1 hour on the phone with these guys. The moment they receive my money I am asking for a bank check and going back to Citibank, since they charge for wire transfers even when they screw up. Guess what, they have NO online banking, NO bill pay nothing, that was supposed to all be free.

Never do business with this company. They are located at 1536 Oak Tree Road, Iselin, NJ 08830