Wells Fargo is Evil with their Overdraft Policy

I've read so many complaints about Wells Fargo Overdraft Policy I

thought I'd share mine.

We went overdrawn by $2.00. That evening we deposited over $600.00. By

the next day several more purchases totalling close to $50 went

through and we didn't have enough funds for those because of the

previous fees and the deposit getting eaten by those fees. The worse

part is they were all small purchases, lunch at McDonalds, Gas for the

car, so all these small purchases totaled, with their overdraft fees,

$500 eventually eating up the $600+ deposit. Wells Fargo failed to

recognize that $450 of that $500 were there stupid fees. We were

charged 15 fees @ $33 a piece. Worse yet, because of all those fees

more things bounced which we thought would be covered by the $600 we

had deposited. Worse YET, Wells Fargo agreed that what their ATM

machines show as available balance and what their website says and

what their 800 number says are not all synched up. So basically, each

service to check your balance is not fully accurate at any given time.

WORSE STILL Wells Fargo basically said, "Too Bad". Literally, from a

Bankers mouth "Too Bad" As I was closing my checking account. All in

all because of their horrible policy and lack of concern Wells Fargo

got away with over $700+ in FEES...FEES!!!!!

Nothing of the $700+ was actual purchases, two days later my paycheck

went through, the lack of money put me and my wife in a financial

bind, we borrowed money from relatives and barely made it through, all

because Wells Fargo are greedy, heartless bastards from the depths of

HELL and they have such a lack of humanity to see that being overdrawn

happens from time to time in peoples lives but raping them in all

those fees, especially for such small purchases like $2, DOES NOT

HELP!

Screw Wells Fargo.

Matt

Las Vegas, NV

Comment On This

The same thoing happened to me, i hope everyone files with teh FTC and BBB on all this, there should be a law that stops this excessive fees and the fact they try to get your acct overdrawn so they can charge you fees

Comment On This

I used to have a Wells Fargo checking account from 2001 until 2007 and could not figure out how I would become overdraft almost every single month! According to my calculations, I had enough in my account! I didn't realize what they were doing. I knew that something wasn't right about it though. After I kept, incomprehensively, getting socked with overdraft charges (when my checking account was fine according to my own calculating), I did close my account. And I have never had problems ever since with my current bank!!

What Wells Fargo was doing, was debiting my account for higher amounts FIRST, out of chronological order, before I would have my deposits posted. I had enough in my account to pay for the smaller purchases I made FIRST. They were obviously posting things out-of-order and gleefully DOUBLY charging me with fees. I'd have an overdraft charge applied, PLUS a "late" fee - supposedly for them "paying" for a purchase I made with not enough in my account - calling it "overdraft protection." And then, because those overdrafts were unknown to me, those fees and charges would put my acct in further jeopardy! MORE FEES!! All of this was without me even being aware of what was going on!! I remember constantly being on the phone and trying to REASON with them that, according to MY calculations, I had enough in my account. They DID NOT CARE!! Wow! Reading about what they were doing illegally makes me understand now what was going on. Wish I'd been part of that "class action suit"! But I'd have no proof of my own - I threw away things related to that bank, since I was so angry with them!!! They were double charging me with $20 overdraft and late fees - so, over the years that I was with them, it easily adds up to at least hundreds or even thousands in fees that I paid!!!

Comment On This

Oh they are scarier in other ways.

A mortgage or loan with them is a Stage Coach ride to hell.

They put many families in the very dire circumstances.

http://www.nytimes.com/2009/06/07/us/07baltimore.html

Comment On This

Oh they are scarier in other ways.

A mortgage or loan with them is a Stage Coach ride to hell.

They put many families in the very dire circumstances.