Woke up this morning with a text alert from my bank saying my account was overdrafted. I log in, and see a balance of -15,000.
I set up a Roth IRA for the first time with T Rowe Price two days ago. Bought into 5 funds at $1200 each, for a total of $6k, the maximum allowable Roth IRA contribution for 2021.
I see that instead of withdrawing $6000, T Rowe Price withdrew $30,000!!! They essentially stole $24,000 from me. I call T Rowe Price immediately when I see this mistake. The lady I spoke with (I think her name was Christian?) said that I funded 5 different Roth IRA accounts at $6,000 each, two days ago. Clearly she has no idea how a Roth IRA works. I told her this wasn’t possible, as the maximum yearly contribution for a Roth IRA was $6,000. She continues to try to gaslight me and tell me this was my mistake. I finally get another customer service agent, who tells me they will open a ticket and to call my bank for the funds back.
I call my bank to dispute the transaction. They tell me they would, but won’t have any updates for me until next week. So now I have -15,000 in my back account, thanks to T Rowe Price taking an extra $24,000 from me.
Stick with Vanguard or Fidelity for your Roth IRA needs…
Submitted November 04, 2021 at 11:15AM by HotMessPhDStudent https://ift.tt/3bN5yJn
