My account has been perfect for as long as I've had it. Then two weeks ago a diff. bank takes over mine. Suddenly I'm overdrawn. I balance my checkbook religiously and should still have money in it. I asked the bank for a list of transactions and there is stuff on there that I didn't withdraw. Plus they say I was overdrawn 4 days ago but I was able to use my debit 1 day ago???????????????
2006-07-19 09:52:51 · 20 answers · asked by smalltownangel 4 in Business & Finance ➔ Personal Finance
I swear every day... they wait until I run out of funds to start making sh*t up to penalize me for.. $25 here $25 there... it adds up. If you feel that your bank is screwing you over you need to switch banks quick. Keep all your receipts and transactions for a while and keep a written journal of every transation you make if you wish to stay with them but want to catch them in the act of charging you for all sorts of things. Good luck.
2006-07-19 09:56:09 · answer #1 · answered by kitkool 5 · 0⤊ 1⤋
I never had a problen with may bank(wells fargo) until I got married. Before I was married I had the account set up so if I was overdrawn it would be charged to a credit card from the same company. It was kinda nice cuz instead of charging me $25 a day it just went on this credit card. And it wasn't a problem cuz I only was overdrawn once.
Anyways when we got married. we were told that I couldn't just add my husband to my account and that we had to close that account and open a new account. so as the lady was setting up our new account she asked about the overdraft protection and stuff.we authorized that it be set up to that credit card account with the new name. easy right. at this point account A (pre-marriage) is closed and done with. Now 6 months later my husband made did a stupid thing and signed us into two appartment leases in two different cities. Anyways one the rent checks bounced. but Instead of charging our credit card or checking account. The wisdom of Wells Fargo charged the $800.00 (the amount we owed for rent) to a credit card belonging to my mother. Now I haven't lived at home since high school and we have lived in different states. and are accounts have been separate. when we confronted the bank they said that they could no investigate cuz the girl that set up our account was no longer working for the company. (How convient) Apparently there is 2 ways for the bank to link accounts like that. #1 have the person (in this case my mom) to be there in person. #2 have the person's (my mom again) ssn#, mother's maiden name, and the account # or credit card #. Even with the latter method, I was told that it was policy to require the other person (mom) to come in person to prove her idenity within 72 hrs. Anyways we closed out the accounts we had with that bank and we now use the credit union my father-in -law uses and it is SO MUCH BETTER and the people are nicer. Also we found out that on our credit report both of us are listed as a high risk fruad alert. Its been over a year the credit report place says its the bank and the bank says it was a clerical error and we are no risk. but it still ins't fixed yet. I'm so sorry that this is sooo long, But really HATE Wells Fargo for what they put us through. I'd call the better business bureau and get a different bank. GOOD LUCK!
2006-07-19 18:28:01 · answer #2 · answered by nauraa 2 · 0⤊ 0⤋
Yes sometimes I feel like they are doing something illegal in the office. But on the overdraft situation. Most of the banks cover overdrafts, so that would allow you to use your debit card, even if your account is overdrawn. The bank will pay that amount, and then charge you that amount plus an extra fee, which varies by the bank.
2006-07-19 09:57:17 · answer #3 · answered by Female in Texas 2 · 0⤊ 0⤋
I didnt have problems with the same bank getting bought out, but switched to a different bank that was closer with better hours...but had the same results! Got this sinking awful feeling like something was very, very off. When they asked for my social security number at the drive thru window because they couldnt find my account number on file, well, I bailed and took every penny out of there. Paranoid or not hon, take your money and run!!!!! Good luck!!
2006-07-19 09:59:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yeah I have had that happen as well. Even had one bank a few years ago that got bought by foreign interests start stealing from my savings account to.
My checking account was off 100 dollars every month and then my savings was coming up short like that as well.
After five or six go arounds with the bank I decided to get a new bank, by then I was out 600 bucks.
About a year later they went out of business.
I wonder why???
2006-07-19 09:57:56 · answer #5 · answered by Biker 6 · 0⤊ 0⤋
I've been in banking for over 5 years, and all banks are different in terms of fees and day to day procedures. I would make time to go to the bank and sit down with an officer and have them go over your account with you and explain any differences that may be going on. It could be a mistake on the bank's part, but it could be a mistake on your part, too. If this is the first time you've been charged overdraft fees, you've been a good customer, and you go in with a good attitude, they may be willing to take the charge off.
2006-07-19 09:59:00 · answer #6 · answered by mtngrl7500 4 · 0⤊ 0⤋
Have you disputed the charges? You have the right to dispute charges that you don't know where they came from. Your money is FDIC insured, so you should get it back if you can prove it was not spent by you.
What bank is this? Sounds like a small credit union, or another non-"franchise" brank. In this, I would suggest you turn to a major bank such as B of A, Wells Fargo, Washington Mutual, etc.
2006-07-19 09:57:05 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I bank at Wells Fargo & have my home mort. there and it is constantly screwed up! I have never been late on a payment yet they just submitted a 30 daypast due notice to credit agencies. They can't explain why this happened and I have near perfect credit. I have yet to figure out what exactly happened and have talked to multiple people there. Don't bank with them. You are just a number because they have 1000's of customers! I am locked in with them because I have a really low interest rate on my loan so can't change.
2006-07-19 09:58:07 · answer #8 · answered by COblonde 3 · 0⤊ 0⤋
I totally agree. I have Bank of America and I overdrafted three times and they charged me $100. I was highly upset so I wrote a letter to the president and they took off 2 of my overdraft fees. I advise you to call customer service or write a letter and then if that nonsense continues switch banks. I would recommend a credit union.
2006-07-19 09:58:54 · answer #9 · answered by Jules 3 · 0⤊ 0⤋
checkbooks are old school man, we're in the 21st century of online banking and money management programs that might help you avoid these kinds of problems in the future. good luck
2006-07-19 09:57:35 · answer #10 · answered by lazywolfy 2 · 0⤊ 0⤋