On the Better Business Bureau website, Madison Trust Company has a 4.84 out of 5-star rating. They are since 9 years in the business. Many complaints have been filed against the company and its owner.
Madison Trust Company Complaints on BBB
#1. According to a BBB complaint, Madison Trust Company is purposefully stalling withdrawing funds so that they are able to charge me a quarterly management fee. To begin, the company is a bad commercial practice.
The company, on the other side, has responded to the concerns and apologized for any accidental inconvenience that the client may have encountered. According to the company, there are numerous processes that might be taken while shifting funds or closing an account. It states that it will study the matter and rectify it as quickly as feasible.
#2. The client’s complaint was that MT was retaining the monies and charging unjustified fees after he cancelled the account with his company. Madison Trust Company failed to release his monies and proceeded to exploit his bank accounts & money.
Madison Trust Company replied to their client’s concern by saying, “Please speak with the rep,” and they eventually executed the fund’s transaction.
#3. The consumer reported that they created an account after learning that they could have Captive Insurance & accounts in a separate Roth IRA account from the business in question. So he opens a new bank with this company, and they pay me forcibly.
Madison Trust Company responded to the client and stated that they apologized, yet they had already informed you about the refund procedure and that they would send the patient complete reimbursement, and thanked you for having patience.
Complaints on Google
#1. According to Shock Proof, a Madison Trust Company employee reported that she received a true email from an intern who refused to even submit the matter to the supervisor. She had recently divorced from her husband. She said I was fired without any kind of warning notice by the organization. It’s dreadful!
#2. Kevin Holmberg stated that he does not trust Madison Trust Company. It ought to be a red flag for anyone who wants to make investments in their money. He attempt to get the money in on a specified timetable and was assured that the transaction would get handled properly. The company’s management team did not allow him to close on its financial investments on time.
Complaints on Yelp
#1. AP has expressed his dissatisfaction with the escalating costs in recent years. Back when they were highly competitive and offered lower fees, the business solicited their clientele for feedback. They began to boost their costs across all regions after receiving 5-star reviews.
#2. Don H alleges that he had an awful encounter with the Madison Trust Company and that he does not believe in the BBB’s favourable assessments since the BBB accepts money to increase the company’s ratings. He stated that he is attempting to terminate his account in order to transfer the money somewhere.
Complaints on Site Jabber
#1. Shelly B stated that she was aware of Madison Trust Company’s dishonest and manipulative actions. They pledge not to keep & hold their customers’ cash. She advised keeping away from Madison Trust Company to safeguard your cash.
#2. Michael D announced his intention to transfer several partnerships with limited liability from PIMCO to Madison Trust Company. It takes me a year to realize that inexperienced personnel provided me with all erroneous forms and then used them to provide an excuse when I complained. Even yet, they are consistently late in delivering the forms to me. She argues that I would never attempt transferring assets.
Complaint on Shopper Approved
#1. According to Teresa H’s complaint on Shopper, Maria, one of Madison Trust Company’s clients, was wonderful, but no one else seemed to know exactly what had been going on with her. The company claims that identical documents were sent many times but they had not been received yet.
As a result, the corporation responded by saying, “We apologize that our level of customer service did not meet your standards.” This firm would assure that all the employees have been hand-picked with extensive expertise. I apologize for any inconvenience this has caused you.
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