Consumer Complaints and Reviews
Totally useless customer support. The stall tactics and feigned mistakes and lack of communication are all part of their well rehearsed game.The CEOs and managers go to school to learn that stuff. They say "It's just business". Well be clear their business is to keep your money as long as possible until you just give up trying to get it. It's legalized robbery. Of course they should earn fees for investing your money but they do not seem to care that you have a contract, They do not honor it. They have not paid a dime to my mother-in-law who is 93 and in an expensive Alzheimer's facility since her husband's death over 2 years ago despite calls, emails, forms notaries, powers of attorney and 2 sets of lawyers (all using up the gains accrued by investing with Voya). Also our pain and suffering emotionally knowing that my father-in-law is turning over in his grave knowing what he worked so hard to provide for his wife's care has been stolen.
Shame on you. Very unethical practices. If you work for Voya you should quit so maybe you can sleep at night because you will have a clear conscience. If you are a client, file a complaint with your state insurance commissioner or join a class action lawsuit if you know of any. My fellow teachers beware. You may never see your retirement savings either. I have pleaded with California State Teacher's Retirement system to STOP endorsing and promoting them for annuities.
I applied for a hardship loan (401k Voya) on April 6, 2017 and still have not received my money. I have been given the runaround for almost three weeks. I just called and was told that I would have my money by Friday because it takes 2-3 business days after it is approved. Friday will be too late, I needed the Money by April 20, 2017. Their customer service and managers suck. I can't believe that companies invest our money in a company that provides bad customer service.
I spoke to a customer service representative about withdrawing a loan from my 403B. I told him it was a hardship loan yet he told me he would mail the forms for me to fill out. After 4 days of waiting for the forms I called back and they told me it could take up to 7 days. I asked them if they had a quicker process and then they decided to finally tell me I could go to the website, print the forms and fax them. I did that a week ago and the next day they withdrew the funds from my 403B account but still haven't deposited it in my bank account. I called them and they said it takes 7 days to process the withdraw. I have never had to wait so long for a loan from my 403B and I have invested with several other companies. They also have horrible customer service.
When I tried to get my mother's 401k out after she passed away they sent me a bunch of forms that had to be notarized. So I took my 90 year old father to the notary to get it all done and sent it all in. Eventually they sent me back a note that it was not done properly. It had to have a Silver Seal notary or some such. So I had to find one and take my father to the bank to get it notarized again. There was no possible reason to send the wrong paperwork in the first place other than to give us the run around. Very poor customer service.
Voya representatives act snotty and lack sympathy and common sense. They don't care for their clients. My client performed a trustee to trustee transfer of retirement money (leaving Voya). Voya even sent a check made out to "XYZ Trust FBO Client Name" and then issues a 1099-R. Obviously this is trustee to trustee transfer, and an erroneous 1099-R. It's an easy fix but they won't do it.
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Voya is the company for which I have my 401k account through my employer. I had a situation come up where I needed to pay off a loan I had taken out previously so I could take out another one. Called Voya for the address where I could mail a check & pay off the balance, I was given ONE address & proceeded to overnight a check to the address given. I followed up with Voya calling multiple times throughout the week & was told to give it a few more days. I proceeded to call again on Monday & was then told I had mailed the check to the wrong address & there was a special address to overnight checks. I knew nothing of this separate address because I was only given the one. There was a claim opened to try & find the check that was delivered Tuesday, March 21 at 2:20 pm.
I proceeded to continue to call Voya multiple times every day this week, March 27, 28, & 29 being told that they are looking for the check & I will hear from someone when it's found. I've talked to multiple Supervisors who have told me I will receive a call back from them & I have heard nothing. This is an emergency situation that I need the loan for & the fact that Voya can't find the cashiers check from a bank that was delivered to them 8 days ago is troubling. Even more troubling to me is the fact that there seems to be no communication going on about the matter between departments & then giving me any information as to what is going on. The last time I called I was told they are open until 9 pm & I should hear something by then. I will continue to call & hope the 2500.00 check is found. Something really needs to be done about the lack of communication & customer service in this matter.
Not only did it takes weeks after weeks as they kept changing my address now I haven't received my tax information for filing my taxes for 2016 and they say they don't know if they sent the required info but want me change my address again. This is the worst company I have ever dealt with and urge you to NOT invest in it. I finally got my disbursement because a postal worker went PO Box to PO Box and found the wrong number had been put on it. Incredible. California teachers don't invest your 403Bs in this company.
Voya mailed me a notice that "I authorized them to change my address....". I absolutely did not give Voya permission to change my address. And, they changed my address to my former address of 11 years ago. When I was at my former address, I survived the nightmares of having my identity stolen. The notice from Voya struck all the wrong nerves. The Voya customer service blamed their vendor for making the unauthorized change. He explained that the vendor did that whenever there is "returned mail". He offered to change my address back. But when I asked him what happens when USPS fails again to deliver a Voya mail to me. He said, "Call me back and I will change it again". I called my broker/agent, who told me to "take a deep breath", and asked that I do not send her the Voya notices.
After I reflected my gross disappointment over her lack of interest to address this issue, she eventually offered the name and contact of a senior VP. I called the senior VP, who had no idea that the "auto change of address" procedure was in place. He did not assure me that these unauthorized changes will not happen again. I gave up all hopes that Voya cares. One more thing. I noticed that my account grew at 1.2% compound for the past 6 years, and over 40% of my investments are in equity. My broker/agent basically did not have an explanation. She tried to put the blame on Voya taking over ING. She later sent me the Callan Table, where I calculated what my account should have gained over the past 6 years. I wrote to her asking why my account seems to be short by over $150,000. I have not received an answer. I am switching to a different institute.
This company claims to be highly ethical but my experience certainly does not support any of their claims. Instead they are ARROGANT, ARROGANT, ARROGANT. I withdrew money from a 401 (k) Plan administered by Voya. They withheld taxes at double the rate that is required. I, nicely, pointed out their error and asked them to fix the problem and send me the rest of my money. Their answer - error could not be corrected.
After doing some research I sent them an article from the Cornell Law School which pointed out that errors like this could be corrected and detailed how to go about doing so. After less than 24 hours (in other words not nearly enough time to review what I had sent them) received another answer - basically saying tough, no matter what others said they were not going to do anything to resolve the problem. Now isn't that a great example of ethical customer service!!!
This company commits fraud every month. Today, 2/28/17 they are asking me to pay my January-April 2017 premiums. I paid my January premium 10-days late because I did not know that the due date was January 10. They returned that check. So I paid January and February premiums as soon as I received that return check on 2/12/17. Today, 2/28/17, that check has been returned by VOYA and they will only accept payment through April 30, 2017. Why would I need to pay my April premiums on February 28? This company commits fraud every month with me. What about other customers who are not able to push back? I'm reporting them to the State of AZ Attorney General's office and the Consumer Financial Protection Board today. Do not buy insurance from these people unless you want to have fraud perpetrated against you every month.
My wife received a notice from Voya saying she needed to request a minimum distribution from her KS Board of Regents 403B plan. I helped her with the required paperwork and mailed it 1-6-2017. Since there was no response I called Voya and was told she had to request the withdrawal online. I was transferred to "planwithease.com" and held for 40 minutes. Finally a lady named Kat come on the line and told me she could only speak with my wife. We were both on the speaker phone but Kat would not let me speak.
She was extremely rude to my wife and hung up on us. We then tried to log onto their website but received error messages six times. After numerous phone calls to a representative where my wife used to work, we were told that office referred to "planwithease" as "plan with PAIN!" We still have not been able to get the withdrawal request processed. We have spent seven hours on this matter to no avail! The Securities Exchange Commission needs to investigate Voya or better shut them down!
I closed my account on the 6th and paid a few to have my check sent expedite and by UPS. Well after a week got nothing. I called to get a tracking number and they explained it got sent accidentally regular mail and they would refund the 50 dollar fee. Well now 2 weeks no check and I called every day for a week straight and spent over 2 hours each day on the phone with different supervisors giving me conflicting stories and excuses and to have a racial comment made was the icing on the cake. I got almost 3k stolen from me from this company that is lost somewhere in regular mail by these people and I want to take legal action and go public about the racial comment made.
Please any help on who to contact next and what steps to take would be greatly appreciated. I'm shocked that Starwood Hotels would allow people 401 and retirement to be handled by people and a company like this. I contacted the BBB already and going to contact the local news station and email the new Marriott people involved since they merge with Starwood. I can't believe after all we done and having a President of color that people are still racist and treat people of color the way they do and to steal someone money and not having a tracking number or any clue of where my money is. Not acceptable. I never will do 401 with any company or recommend it to anyone.
I mistakenly on-line signed up for a one-time repayment on a personal loan from my 401k, immediately I contacted the service via email and attempt by phone. I followed this up with 2 more phone calls explaining the error and requesting to make a 3 year auto pay installment on my loan, I was assured this could be taken care of. Alas! VOYA attempts to withdraw the entire loan from my bank account, I respond saying "hey! Wait, I was under the understanding this was reallocated!" I was told that I had to repay the loan in FULL otherwise be taxed for taxable income! I repaid in full and received a 1099R for a MUCH MUCH like 12 x's the amount of the loan as taxable income! Which is insane as I repaid the loan in full in less than 30 days that I was told it had to be!!! I have NO STARS for VOYA as their customer service was robotic and difficult! BOOO VOYA is the WORST!
I have a sizable 6 month TD with ING. It was automatically rolled over a week or so ago but the interest rate they are paying fell by 70 basis points. The RBA only reduced rates by 25 basis points so I called up and asked why the big drop. ING gave me no answer other than to say "it is what is." I said I can get more elsewhere - again the answer was "it is as it is." OK I said I will take by money out. I was then told I had to give 31 days notice and that for the entire time of the term deposit I would now only receive 0.045% interest. That is $4.50 per year interest for every $1,000 invested. I decided the bite the bullet and close all my ING accounts down. They got me this time but they will not be ripping me off again!
I have recently decided to refinance with St George Bank, moving from ING. My husband and I approached St George in August and filled in necessary documentation to proceed. This past week I have spoken with St George to follow up and they advised me they have been in contact with ING on a weekly basis to have this application settled, but ING have sat on it and are doing nothing. Yesterday I spoke with ING who informed me they received the paperwork on the 8th of September but have failed to do their job. After speaking with a number of people I was told to wait and it will be done soon.
I have spoken with them again today and they still have not acted. It is obvious they are just hanging on as long as possible to receive their Interest payments monthly and that is disgusting. I have found their Staff to be rude and unhelpful considering they are taking a wage from my money and yet are unwilling to sort out this situation and let us move on. I can't understand how as Customers we are held to ransom by ING, when they have had our paperwork for 5 weeks now. I want this sorted out now and I will never be a returning Customer. This is not our first run in with ING but it will definitely be our last.
We have 2 business loans accounts with them ING. Since their so called "upgrade" to their website it has nothing but trouble. Our accounts can no longer be view on online, several phone calls and emails has been made and sent to but nothing has been resolve. Fancy enough their website works effectively on direct-debiting but nothing else.
No physical branch therefore there is no "real person" you can go to for assistance... If you are looking for Customer Service with ING, don't bother cause there is none. The words "Customer Service" are not part of their vocabulary at ING. Whatever advertised on their website regarding customer care "We're here to help 24/7", is nothing but a lie and a joke. "A 5 STAR TERRIBLE SERVICE AWARD FOR ONLINE BANKING OF 2016 GOES TO ING AND THE COMING YEAR". Applaud to all ING staff, well done keep up with the bad service!!!
My late husband opened a tax deferred TSA with ING. He passed away in 1998, and the account was left to my two minor aged sons. We have been struggling with the VOYA customer service. They told us that the account was "closed in 2013". That money was taken from my late husband's paycheck--it is my children's, not VOYA. This fight is not over. My sons need that money to pay for college. I am a teacher and a union member. VOYA often sends representatives to our schools. You can bet your life that I have alerted the Union and the Wisconsin Education Association Council to NOT endorse this company. They are thieves.
I have been trying to do a roll over for nearly 3 months. They keep making me jump through hoops; every time I try to call I wait on hold for at least 5 minutes. But the most infuriating trouble is trying to obtain the account number, they know that is what keeps a roll over from happening. Like millions of people, I will change jobs and employers use different providers, a roll over is very common. I have never experienced anything like this. I will never use Voya/ING or affiliates ever again.
My In-Laws purchased a contract from ING that has now become Voya. Do not even think of calling Customer Service unless you enjoy speaking to a phone clerk with limited English language ability. You will NOT get ANY straight answers, period. The annuity contract and the statements are nothing more than smoke and mirrors. They say that you cannot track the performance of the funds you have invested in and there is no association in mutual funds available off the Street. Such a dazzling bit of magic will allow Voya to REDUCE your investment by secret FEES and CHARGES. AGAIN with no possible way to track what is happening to your Money, ALL without explanation. I lodged a complaint and a week later Suzy ** claims they need 2 more weeks because an actuary is required to investigate... MORE SMOKE AND MIRRORS. Bottom line... Do not BUY anything from Voya. Leave your money in a cookie jar, you can STEAL from yourself.
Me and my partner went to open a joint account. It has been a 2-week process. We keep being told different information each time we call up, after a minimum 15-minute wait time. I have been with ING for 2 years now and even have my super with them. I can no longer see the point and will most likely change banks and super accounts in the near future.
I've had an ING Direct account and mortgage for nearly 10 years, and am one of those that should have benefited from the Rate Renewal Class Acton suit. Since I never received a check, I inquired. The staff was utterly incompetent, repeating again and again that the remaining funds were given to charity. Again and again I said that I knew that, but wanted to know where my check was. After literally an hour of babbling, the agent "escalated" the call. At that point I was given a defunct website and telephone number. I should say I was "blown off," because I told the agent at the beginning that the website and telephone numbers no longer worked. This is one of many frustrating experiences I've had with the company's support staff. And please note that they lost a class action suit due to their fraudulent refi claims. The rates are sometimes good; the service is terrible.
My wife lost her job and is 59 1/2 and was told that she could make a lump sum withdraw from her 403 account but we were only sent 20% and we were told that we could only take out 20% over a 5-year period. We may lose our home due to this company. I would not ever trust this company as we were lied to the whole time. Seems they want to benefit from keeping her money and really do not care about their customers.
About eight years ago I opened an account with ING Direct. Now it seems that the company has moved overseas and I am no longer able to access my account. I can't call the number because it is an international number and my phone will not call overseas. It is not a lot of money, however, it is still money that belongs to me. This is frustrating at best! How do I contact this company to access my online account. I do not remember my username and password. Their website has ridiculous hoops to go through in order to get in and I am unable to jump through all of them without speaking to someone.
I've never experienced such deliberate avoidance of a request. They claim to be the "most ethical" company, but trying to withdraw funds is like wading through a swamp of dense muck. When I call and talk to a customer service advisor, that person either does nothing or does NOT understand what to do. Then I'm presented with a number of hoops to jump through, including going through their ridiculous and redundant "planwithease" website. I had no choice about this company as it was chosen by the institution from which I retired.
Invest through ING. Pretty happy with the way things are going, want things to be better. It satisfied as things are. I really don't know how helpful I can be as far as I am concerned. Things are pretty automatic and I have very little if not nothing to do that would change the way things are.
I have been unable to access my 401K account information for several months. My employer switched from J.P. Morgan to VOYA to manage our accounts, so I had no choice. The password provided was not valid. I was unable to access the account through their website no matter how many times I tried. They have sent passwords to my address on 3 separate occasions and none of them worked. When calling the number provided, I was kept on hold for more than 15 minutes before I could talk to someone. Another password was mailed and it did not work. My company will be switching to Fidelity as of 1/1/16 so all of this will become a moot point. But my issues with VOYA were NEVER resolved. I'm glad my employer is dumping VOYA.
Got an account with ING while I was employed. Now I am retired and it is a struggle to get my money from the distributor Voya on time. They do not deposit funds on time each month. I cannot recall the last time I got my money on the first of the month. My bank has assured me the fault falls on ING. This is true since my monthly statement shows they wait up to a week before making the deposit into my account. When I called to rectify the situation I was blown off by a Supervisor. They are bad news.
Like other reviewers I had a small amount of rollover 401K money that was placed in an ING/Voya account. After receiving statement after statement from this company showing various ridiculous fees being taken out of my account, I decided to close it and invest into a more reputable company. As I was doing a 60-day indirect rollover to another IRA account, I requested that no taxes be taken out of the check. When I received the money, there was a $95 termination fee AND a $35 maintenance fee charged. They also took out state taxes, which was listed on the check.
I called back to request a new check without the taxes taken out. They cancelled the first check and sent a second check in the same amount as the first incorrect check. This time when I called I was told that there was a "debit balance" on the account that was paid first before the check was issued. Does not make any sense. This company is terrible - if you want endless amounts of unnecessary fees charged to your account, then use this company. Otherwise, invest your money elsewhere.
I had a small balance through a former employer, and was told that since it was under 5K I needed to take it as a distribution. Voya was provided the simple directions on what needed to be on the check for it to be correctly deposited into my qualifying IRA (bank's name, my name, account number). Well, they sent the check without the account number so the bank deposited it into my checking account. It's fixable, but when I called Voya to send me a statement that showed the distribution, the "customer service" rep tried to argue with me that the check shouldn't have needed an account number on it to be directed to the right account.
I can forgive a mistake. Can't forgive when a mistake is made and then you get an argument instead of an apology... just say "sorry" and fix it, you jerks. So... I now need to open a new IRA (inherited) for a significantly larger amount... and guess who will never ever get the business. Take yours elsewhere!
We have been trying to get a home loan from our investments for 3 weeks now. Every day we call and someone tells us something different. We were first told 5 days with the signed promissory note, proof of a purchase agreement (ours is notarized) and proof of the closing date. Then the date kept changing further and further out. We provided what they requested, yet they red flagged our account! Apparently, they're not smart enough to know how building a new home works.
They keep treating it as an existing home and don't understand that we're needing this money for the down payment on the construction loan. They refuse to hand the phone to a manager after we've complained that they're holding up the building of our house. It is ridiculous to go through so many hoops to obtain our own money. We went through less obtaining the construction loan and that's been completed through the government itself! I've sent an email in regards to our situation to our Attorney General and social media. Maybe we'll get someone outside this joke of a company to help us!
Voya Financial Company Profile
- Company Name:
- Voya Financial
- Formerly Named:
- ING Direct