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January 2024 by Gideon Emery
These guys own/issue Wise. Got hacked. Multiple high figure charges. No auto alert or hold (like a real bank). Immediately froze the card. When contacted, they claimed it was me because Apple Pay had been used. Meanwhile the card was in my possession the whole time. ZERO protection, despite the claim of "FDIC insured". I was a victim of fraud but these guys are fraudsters themselves. Great app until you need customer care, then forget about any care at all. Stay well away.
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January 2024 by Ollie O
This is not a real bank. It is set up for fraudulent operations. They are associated with crypto fraud schemes. I had an account there and when I transferred two payments of 25 k for a total of 50 k to my account it simply vanished with no ability to contact the bank or trace the funds.
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November 2023 by Vanessa Cantave
OMG! I was hacked by this bank from paypal for $500 too and Paypal is saying there is nothing they can do!!!! Sounds like a class action lawsuit to me!!!
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September 2023 by Hunter Lewis
Fraudulent charges to my account, zero protection of customers money or info. Definitely some kind of criminal organization. Anything associated with community federal savings bank or wave apps needs to be shut down and people need to be arrested.
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September 2023 by Aaron Stoffer
Worst excuse of a bank possible. They back the business account from Wave Money, but you can never reach anyone. The only person that will answer the phone is someone from the branch and they can't do anything for you. They will transfer you to whatever department and then no one will answer the phone or return a call. I wish the FDIC would close this bank.
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August 2023 by H W
the hackers who took my account sent money it to this bank
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June 2023 by oliver delfs
This place is a fraud! Taking money from my PayPal.
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May 2023 by Daniel Bergman
I've had $3,281.02 stolen from my PayPal account after someone got access and attached a Community Federal account to it. Attempting to call their offices hasn't yielded any results.
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May 2023 by Branson Norgren
Everytime I try to call nobody answers the phone. DO NOT BANK WITH THESE PEOPLE!!!!
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April 2023 by kim smith
I too recently had an unauthorized withdraw from my PayPal account for $300 to this bank. submitted a dispute to PayPal and came back as authorized. I assure you I did not authorize - I made changes to my PayPal account and contacted this bank fraud dept. they need full account number for the account showing up on my PayPal before they can investigate any further. This case is still ongoing and not sure what else I can do - most likely it is lost funds. Sad
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April 2023 by Krista Goodrich
Scam bank-they set up fake accounts to hack Paypal accounts and steal money.
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April 2023 by Mimi Liu
Bank of Scam!0 star if we can!
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February 2023 by Tym Grebenyuk
I have the same problem. My money has disappeared from my PayPal account. The description says that it goes to the Community Federal Savings Bank, but I am not a customer of this bank, and also I did not make any purchases to be scammed. I just woke up in the morning and saw a message that my money was gone.
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December 2022 by Savage Viper
Someone used this bank to setup an account in my name and they linked it to PayPal and were scamming people out of money. Now apparently I owe paypal all of the money due to fraudulent transactions because the account was in my name! My personal PayPal account has now been locked and frozen.
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December 2022 by Riya Patel
This bank is really a Scam. Today I got a msg from my chase bank that I also have an account at this bank. But I have never opened any account here. And I found out that the fraud person already opened a credit card from this bank on my name and has already started using it. Can’t do anything as the bank is not answering my calls.