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CB Banking and Credit Services Medallion Bank Paid in full loan yet still receiving statements with interest charges... How?
Medallion Bank

Medallion Bank review: Paid in full loan yet still receiving statements with interest charges... How?

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10:57 am EST
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We paid in full our home improvement loan on Nov 12, IN FULL, all $23K. And yet, we had an automatic payment pulled from our account on 12/4/24 for $40.66 for interest. HOW DOES THAT MAKE SENSE?! THEN we just received another statement as of this morning, 12/18/24, showing a statement balance of $40.79 due 2/4/25 on a PAID IN FULL $0 BALANCE LOAN. I would like for someone to tell me how in the world does this make sense for a financial institution to take advantage of its consumers this way? I would NEVER recommend or do any business with Medallion Bank in the future. This was a HORRIBLE experience. FYI... Customer Service is atrocious, unhelpful, rude, and condescending. NEVER AGAIN! Be careful folks!

Desired outcome: I would like for someone to review the account, make sure it appropriately reflects $0 PIF Balance as of Nov 12th, 2024 and that NO MORE statements are generated with interest charges for a NON-EXISTANT loan balance.

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  1. Medallion Bank Contacts

  2. Medallion Bank phone numbers
    +1 (801) 284-7065
    +1 (801) 284-7065
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  3. Medallion Bank address
    1100 E 6600 S Ste 510, Salt Lake City, Utah, 84121-7422, United States
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    Dec 19, 2024
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