Voya Financial Reviews 185

TrustScore 1.5 out of 5

1.3

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Review summary

Based on reviews, created with AI

Most reviewers were let down by their experience overall. Many people were dissatisfied with the customer service, finding it unhelpful and difficult to reach a real person. They also encountered issues with payments, including unexpected charges, delays in receiving funds, and problems with account access. Customers frequently reported problems with the overall service, such as difficulties with transferring money, incorrect information, and a lack of transparency. Some people were dissatisfied with the contact methods, noting that the company often required faxes for important requests and that representatives provided inconsistent information. However, some customers also noted that certain staff members were kind, professional, and helpful in resolving complex issues.

What people talk about most

Payment

Reviewers highlight negative aspects of payment. Many customers report significant difficulties and delays in... See more

Customer service

Users describe negative interactions with customer service, often citing poor communication and unhelpful... See more

Service

Clients share negative opinions on service, with many reviewers describing it as "horrible" and an "absolute... See more

Staff

Customers consistently note ambiguous experiences with staff. While some reviewers praise representatives as... See more

Customer communications

Customers express significant frustration and dissatisfaction with contact methods. Reviewers report that it... See more

Based on these reviews

Rated 1 out of 5 stars

After not finding my account information, I contacted Voya Financial many times to get information on my life insurance account, which is through my ex-wifes former employer. I have been paying on th... See more

Rated 1 out of 5 stars

I've paid for critical illness coverage and was denied because they said we waited more than a year to report it. We've been paying the premiums on time. They don't care. No appeals form. We have... See more

Rated 1 out of 5 stars

It's typically a simple form to rollover a 401k, however, there site doesn't allow access to those forms. The site crashes or routes you a sales pitch to open a new Voya account. After contacting supp... See more


Company details

  1. Financial Consultant
  2. Alternative Financial Service
  3. Financial Planner
  4. Investment Company
  5. Investment Service
  6. Non-Bank Financial Service

Information provided by various external sources

Voya Financial is here to help you plan, invest and protect your savings to get ready to retire better. See how America’s Retirement Company can help you!


Contact info

  • Park Avenue 230, 10169, New York, United States

  • voya.com

1.3

Bad

TrustScore 1.5 out of 5

185 reviews

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Rated 2 out of 5 stars

HSA acct reflects not current employer, but one from 2yrs ago

HSA card denied when used at health visits, called 800#- card's active. Kudos to the 2 @Voya who helped on the phone (so 2 stars vs 1) but why does it take THREE BUSINESS DAYS to resolve? My account's associated with previous employer (!) from 2 years ago; no wonder I can't get anywhere on the phone (automated) nor create online account under current employer despite bi-weekly contributions. Very frustrating. Who's at fault for this? Current employer HR person missed a step or Voya?

February 4, 2025
Unprompted review
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Rated 1 out of 5 stars

Voya screwed up my retirement account…

Voya screwed up my retirement account and refuses to correct the problem. All the money I deposited into my retirement accout was supposed to be Roth already taxed dollars. They reported that most of my money was pretaxed dollars...now I will have to pay taxes on money that was already taxed. They are horrible! They refuse to correct the problem and I am on the hook for paying taxes twice on my money

August 29, 2024
Unprompted review
Rated 5 out of 5 stars

My Voya agent is amazing!

Despite some people having bad experiences, I think it depends on who your agent is. The Voya office and agent I have, have been awesome. I’ve been working with them for the last 30 years. So people need to take that into consideration.

January 8, 2025
Unprompted review
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Rated 1 out of 5 stars

Company is withholding funds and not…

Company is withholding funds and not sending the document to the proper address after mentioning the correct address to mail document to.

Cecilia from customer service was of little assistance and was attempting to avoid assisting with a basic issue that needed further looking into.

After waiting for over 30 minutes on the phone waiting for an escalation, no manager or supervisor was reached.

January 20, 2025
Unprompted review
Rated 1 out of 5 stars

Avoid this company

Avoid this company. There customer service is awful. Horrible experience every single time I’ve called. I’m waiting for my HSA check distribution for almost 2 months. Today I was told that my check was resent 20 days ago and probably it got lost. What a joke!!! VOYA those are my money, not yours. I’m not borrowing anything from you just to be clear. I want my money due to medical expenses.

January 16, 2025
Unprompted review
Rated 3 out of 5 stars

the errors on here costed me alot of…

the errors on here costed me alot of things.. still waiting for a resolution i do hope i get a correspondence. wish ya'll can heap like me with kågévestº only one keeping the tempo when it comes to delivery of profits

December 12, 2024
Unprompted review
Rated 1 out of 5 stars

Not worth the headache.

My work uses Voya for flex and health savings accounts, and I have to say it is the worst company to deal with. FSA debit card is almost useless. I am always having to call them. They need receipts for everything and still decline when you send them in. It's better to not have a health savings account then to deal with Voya. Not worth the headache.

January 2, 2025
Unprompted review
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Rated 1 out of 5 stars

FURIOUS, I would give -1,000 stars if I could

My employer recently switched to this company and I've had nothing but problems. I injured myself bad 2 months ago and needed money for bills so I don't get kicked out of my house, and to pay all my other bills. EVERY SINGLE thing that had to be done to get money has been a nightmare. Waiting periods of insane amounts of time, 7 days to approve my bank account, waiting period to approve and accept a transfer from another 401, THEN 12 days to be able to take a loan, then their Direct Deposit would probably have taken longer then mail I was told. THEY MAIL a check no matter how big it is through REGULAR MAIL with no tracking, not having to be signed for, NO FedEx, no overnight, nothing!
What craziness is this!? They promised a date I would get it, I paid $50 for an EXPEDITED process, (not mail, because they don't do that), and it still didn't get here! I called again for a refund for the expedited process and they said I wasn't charged for it.. I bet I know why! They mailed it 2 days ago and it should have been here yesterday! I am furious. I hope that employers who are considering this company, do not. If I could give -1,000 stars I would. DO BETTER!
The only good thing I can write is the representatives are very nice.

December 13, 2024
Unprompted review
Rated 1 out of 5 stars

Horrible 401K company

After reading all the reviews pertaining to 401k it aligns with our compliant. This is a horrible company and they do NOT want to give you your money. Its been over 3 weeks now and on our 4th call. It clearly appears they're using your money for as long as they can to invest for their profits. BE AWARE IF YOU HEAR YOUR COMPANY IS LOOKING TO MOVE TO VOYA.

December 11, 2024
Unprompted review
Rated 1 out of 5 stars

Awful processing claims too slow

Awful processing claims. Very slow. Waited 10 days was told to wait another 5 due to high claims. Maybe processed them quicker. Wish my employer would get a new company to deal with. Would never recommend this company to anyone.

December 2, 2024
Unprompted review
Rated 1 out of 5 stars

AWFUL

AWFUL, RIP OFF!!!! Supposed to be helpful for the working people. What a lie. Don’t want to pay out. Have to be called continuously and do not return calls in a timely manner. Always getting information wrong. PATHETIC. LOTS OF EXCUSES as to why they got wrong info.

September 4, 2024
Unprompted review
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Rated 1 out of 5 stars

I had asked to have money transferred…

I had asked to have money transferred to another firms account. Voya could not use Electronic Transfer and the paper check is sitting somewhere. Had to call and pay to have new check tracked and over-nighted. Guess Voya is still in the dark ages.

November 18, 2024
Unprompted review
Rated 1 out of 5 stars

Very painful experience

Very painful experience. Use Schweb .ongoing issues Never resolved. Bad Service has got (worse in last 3-4 years. The date below will not let me enter correct year & Date )

November 14, 2024
Unprompted review
Rated 2 out of 5 stars

Did Not Pick Voya

My company chose Voya as the 401K manager, unfortunately. While they do have good options like the ability to move money to a separate Charles Schwab account, their website is just obnoxious. I also have Fidelity and Vanguard. Overall while the CS site is good I prefer the Fidelity site for ease of use and tools, etc. I have had exactly 0 site issues for things like simply logging in. Vanguard has occasional issues with reverting to their old site and not being the most intuitive site to find how to do things. Voya is a weekly hassle just to log in. They've changed their log in a few times and every time they do the new site will randomly try to log back into the old site (even after clearing caches, etc.). Then about once a week you simply can't log in at all. I mean the screen will just go blank, not divert you to a maintenance message or something like that is just doesn't work for periods of time. If you call them they have no idea what you are talking about and attempt to say its your hardware or network. If you have a choice stay away.

November 14, 2024
Unprompted review
Rated 1 out of 5 stars

Shady

I would give them less than 1 star, but unable to. They make you jump through hoops just to access YOUR OWN MONEY. Go to Fidelity, they seem to be more transparent and give you access to your own funds.

September 23, 2024
Unprompted review
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Rated 1 out of 5 stars

I did a complete 401(k) rollover to…

I did a complete 401(k) rollover to another financial institution from Voya and they took a $20 processing fee out. I had no problem with that. However, somehow $20.54 was left in the account. I called them and they said they would send me a check for the balance minus state taxes and waive the $20 fee. I received a check for 29 cents! They collected another $20 withdrawal fee when I was told it would be waived. I called them today and they said I was misinformed by the first representative. Just another way to scam customers out of another $20? I wish I could rate Voya a negative number.

October 22, 2024
Unprompted review
Rated 5 out of 5 stars

Excellent Retirement Recordkeeper

I was surprised by some of the comments i saw that seemed to related to insurance policies? I have them for my 401k and they are GREAT! Their technology is world class for helping gauge where you are and where you are going, the local service guy is great and I've done 2 loans for house upgrades and had no issues. I'd recommend them for company retirement plans as ELITE!

October 9, 2024
Unprompted review
Rated 1 out of 5 stars

CUSTOOMER SERVICE IS ABHORRENT!

HORRIBLE,RUN AWAY, EVEN IF YOU EMPLOYER HAS THEM AS YOUR 401K. DO NOT USE THEM GO TO YOUR LOCAL BANK OR CREDIT UNION!! THE CUSTOOMER SERVICE IS ABHORRENT!!

October 9, 2024
Unprompted review

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