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Non-Tech : Datek Brokerage $9.95 a trade

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To: Roger A. Babb who wrote (5156)10/6/1997 9:25:00 AM
From: William S. Billard   of 16892
 
Dear Roger,

I have been reviewing the Datek thread over the weekend. I did this as a double check on my decision to open an account with them.

On Friday, I over-nighted a check to start my account.

After reading the horrer stories that are emerging on this thread I made a decision to find another broker.

I immediately called Datek this morning to inform them of my decision. I made a request to the customer service rep to have my check returned undeposited. I informed her as a safety measure that I would stop payment on the check.

When asked if by some chance that if the check were deposited if I would be charged a fee for the stop payment return by Datek.

I was referred to Accounting. Accounting stated that there would be no attempt to return my check, and It would be deposited.
I will now be charged a $50 returned check Fee. I will gladly pay this fee and be done with Datek.

WARNING TO ALL WHO TREAD HERE !

Reguards to all who have so faithfully reported thier difficulties... Thankyou
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