HUFFINGTONPOST.COM - A South River, N.J., man claims TD Bank drained the last of the money donated into an account set up for his terminally ill daughter, then hounded him with creditors looking to collect on overdraft fees.
Andrew Cogswell's saga with TD Bank began in the spring of 2010 when the Brick Township Policemen's Benevolent Association held a basketball game for his 6-year-old daughter, Kelly, who requires costly, around-the-clock care. The group's charity game raised $20,000 for Kelly's nursing care, The Star-Ledger reports.
Organizers took the funds to a local branch of TD Bank, opened an account and deposited the proceeds, the newspaper reports. However, when the balance dipped below $500, the bank began assessing a $25 monthly fee. The fees ate up the remaining funds, then sent the account in the red, at which point Cogswell started accruing even more fees. Although a bank official said the debt had been canceled, a year later the family started getting calls from a collection agency. click here to read more