Fuck ’em, and fuck the time machine they use to go back and change my ending balances in order to deduct money to cover cheques so that now, three days in the future, the money will have somehow been magically removed before I used my ATM card to take out money that… hmm… well I guess it never existed, so they shouldn’t have let me do that, huh? If I don’t have any money available, it’s pretty silly to let me take it out of the bank anyway, isn’t it? Usually doesn’t work, except when they’re mucking about with the space-time-continuum (which seems to be… almost daily or so). So yeah. Since that money wasn’t there when I (shouldn’t have been able to) take it out, they go back to today and charge me eleventy-seven overdraft fees for doing it anyway, against the laws of nature. I guess I’m lucky to get off so easy. I’d expect doing the impossible to incur the wrath of some nameless deity or other… Unless Wells Fargo is god, in which case, we are all already in hell.
How is it possible for my previous day’s “ending balance” to change during the day if they haven’t got that time machine, huh?
Seems to me they would save a lot of trouble by say… posting money as being removed from my account oh… I dunno… how about when it’s removed from my account and as added to my account oh… just about the time it’s added to my account. But no. They even make trips three days in the other direction to ensure that all of my deposits hang out earning them interest in a black hole somewhere for a little bit before they’ll give them to me, even though their policy says they should post by the same or next day. Which they do, but not until three days later when they make a backwards trip and miraculously post them in the past, reshuffling everything in order to make sure any payments come out of the account first, because those had already posted several days before they actually occurred…
Um. I am confusing myself. I saw something like this in Back to the Future… one of these days they’re going to create a time paradox and *poof*, Wells Fargo’s mother will have never met its father, and Wells Fargo will have never existed. Back in the future… Candice is living a remarkably peaceful and serene life, with no satisfactory explanation.
Gosh, that’s exactly the reason why I gave up my wells fargo account. They decided that despite my balance, they should allow my debit card to ring up items of say, 7 15 and 5 dollars, each of which came with a surprising 20 dollar insufficient funds charge. And despite the account going negative for 3+ days, they still alowed the debit card to go through. You’d think that debit system is the same as the credit system, where you get rejected once you reach your limit.
Yeah, they’re not getting that 80 dollars worth of over charges. I’ll write a letter to the credit rating companies after awhile, and that debt will be long gone. Poor chumps actually believe they can get away with that shit because most people don’t know how to erase unfair debt on their credit report.
bye now
Gosh, that’s exactly the reason why I gave up my wells fargo account. They decided that despite my balance, they should allow my debit card to ring up items of say, 7 15 and 5 dollars, each of which came with a surprising 20 dollar insufficient funds charge. And despite the account going negative for 3+ days, they still alowed the debit card to go through. You’d think that debit system is the same as the credit system, where you get rejected once you reach your limit.
Yeah, they’re not getting that 80 dollars worth of over charges. I’ll write a letter to the credit rating companies after awhile, and that debt will be long gone. Poor chumps actually believe they can get away with that shit because most people don’t know how to erase unfair debt on their credit report.
bye now
Fuck Wells Fargo.
Fuck Wells Fargo.
we aim to please. we hate you, we hate our employees, we hate all our customers. it’s what we do. welcome to wells fargo, your next choice.
we aim to please. we hate you, we hate our employees, we hate all our customers. it’s what we do. welcome to wells fargo, your next choice.
And now you know why I’ve switched banks.
And now you know why I’ve switched banks.
Well Fargo is truly evil…I have just read that the bulk of their profits are generated with their practice of the “time warp facture” that you have discussed here. I say it is time to take action with a huge class action suit. They have a practice of flipping when checks,atm transactions take place. An example might be that say I have 10 transaction totaling $250 against a balance of $350,all small,some as low as 2 dollars.They show that all these are clearing just fine via the internet account.Several days go by then a check that I have written for $360 goes in before they give me credit for my auto deposit of $1500 from my employment. They then go back and change all the accounting to reflect that all those checks, etc…….. have incurred an overdraft fee. They literally change the dates…resulting in you guessed it=$336 in fees. They “FLIP” the accounting to take out the largest amount first. And hold the other amounts as having been in pending.This is a practice that they have been able to impliment due to changes that the banking industry recieved via expensive lobbying to deregulate banking practices. Theses practices result in 250 billion dollars of revenue to the banks! In other words they are stealing the poorer hard working people of this country blind with the blessing of your government. I might be able to take the hit on the one narrrow miss….but to compound the damage and up the take to this amount with fancy accounting footwork is a crime and a sin. Who needs terrorist when you have WELLSFUCKINFARGO!
So now they have taken away my much needed vitals such as groceries,gas,and my end for a painful tooth. If I had been knocked down on a sidewalk and my purse stolen I would not have been more violated than by the action of this bank. They are snakes! If you also feel violated take action! contact me [email protected]…..there must be a way we can bring this to the resolution……Warm Regards to any who read this……Susan
Well Fargo is truly evil…I have just read that the bulk of their profits are generated with their practice of the “time warp facture” that you have discussed here. I say it is time to take action with a huge class action suit. They have a practice of flipping when checks,atm transactions take place. An example might be that say I have 10 transaction totaling $250 against a balance of $350,all small,some as low as 2 dollars.They show that all these are clearing just fine via the internet account.Several days go by then a check that I have written for $360 goes in before they give me credit for my auto deposit of $1500 from my employment. They then go back and change all the accounting to reflect that all those checks, etc…….. have incurred an overdraft fee. They literally change the dates…resulting in you guessed it=$336 in fees. They “FLIP” the accounting to take out the largest amount first. And hold the other amounts as having been in pending.This is a practice that they have been able to impliment due to changes that the banking industry recieved via expensive lobbying to deregulate banking practices. Theses practices result in 250 billion dollars of revenue to the banks! In other words they are stealing the poorer hard working people of this country blind with the blessing of your government. I might be able to take the hit on the one narrrow miss….but to compound the damage and up the take to this amount with fancy accounting footwork is a crime and a sin. Who needs terrorist when you have WELLSFUCKINFARGO!
So now they have taken away my much needed vitals such as groceries,gas,and my end for a painful tooth. If I had been knocked down on a sidewalk and my purse stolen I would not have been more violated than by the action of this bank. They are snakes! If you also feel violated take action! contact me [email protected]…..there must be a way we can bring this to the resolution……Warm Regards to any who read this……Susan
Here is a thought, why don’t you crazy kids keep a ledger of your transactions? Thats called being responsible… Bottomline, it is YOUR money, YOU need to keep track of it? CCCCCCCRRRRRAAAAAZZZZYYYY how that works right? And Wells Fargo and all the other huge institutions will continue to make insane amounts of money because dolts like you spend more than what you have. HA! And fuck all of your mothers.
Here is a thought, why don’t you crazy kids keep a ledger of your transactions? Thats called being responsible… Bottomline, it is YOUR money, YOU need to keep track of it? CCCCCCCRRRRRAAAAAZZZZYYYY how that works right? And Wells Fargo and all the other huge institutions will continue to make insane amounts of money because dolts like you spend more than what you have. HA! And fuck all of your mothers.
When you make purchases using a check card the merchant memo-posts the funds on your account, but the debits may not hard-post for days. Also, in the world of banking weekends are not business days. If you rack up a bunch of $4 charges on your card on saturday then a check hits on monday morning, it’s as if they all occurred on monday. Credits to your account go in before debits, so if you have the money you’re spending you won’t get hit with fees. It’s a simple concept really.
When you make purchases using a check card the merchant memo-posts the funds on your account, but the debits may not hard-post for days. Also, in the world of banking weekends are not business days. If you rack up a bunch of $4 charges on your card on saturday then a check hits on monday morning, it’s as if they all occurred on monday. Credits to your account go in before debits, so if you have the money you’re spending you won’t get hit with fees. It’s a simple concept really.
both of the know-it-alls above me apparently do NOT have Hells Fargo accounts. Those terrorists should’ve aimed for the Fargo HQ tower not the WTC.
both of the know-it-alls above me apparently do NOT have Hells Fargo accounts. Those terrorists should’ve aimed for the Fargo HQ tower not the WTC.
I have been a customer of Wells Fargo for several years. I am not a sophisticated bank client but an honest one. I have several business clients who regularly use my services and process between $20,000 and $60,000 dollars a year through My Wells Fargo account.
In this day of electronic banking I would think that a check could clear in a matter of seconds, yet even though I have had repeat business with the same clients and they have NEVER given me a bad check, Wells Fargo bases the deposit availability on My current bank balance. At times they will process these checks in a matter of hours and other times it can be up to 10 working days.
Being self employed I rely on the constant rotation of cash through my business yet Wells Fargo’s random hold policies have cost me THOUSANDS of dollars in overdraft fees. They charge $30.00 per check regardless of amount of the check and charge twice in a 48 hour period costing me $60.00 per check written. They also will post debits prior to deposits which sets You up for a financial fall. I believe their policies are tantamount to robbery and also fall into wire fraud.
When I first asked them about the delay in releasing deposits I was told it was because I used their ATM. Subsequent to that I would make my deposits at the counter and would be subjected to the very same hold policies. In addition the notification of overdraft would arrive by mail which takes an average of seven days making it impossible to know You are in an overdraft situation until You have of course written several checks each incurring a cumulative $60.00 fee. What happened to the days when a bank would call You and tell You to come in and make a deposit to cover checks?
Another interesting way to create overdraft income for the bank is to allow You to “Quick cash” a $40.00 withdrawal which may or may not show Your balance, and will allow You to make this tranaction even if Your balance is less than $40.00, thus that $40.00 dollar withdrawal makes the bank a tidy and rapid $60.00 profit.
Wells Fargo realized some time ago they could profit enormously from the delay in mail notification and in processing debits before credits. They also charge higher fees to the most vulnerable of clients which includes students, low income wage earners and the self employed business owner.
If You are a business owner and as pissed off as I am at Wells Fargo, I urge You to write this website, Your Congressman and the banking committee to voice Your displeasure. I am filing a class action lawsuit against these greedy bastards and will watch Your posts on this site as a barometer of interest in this case. I also urge students and those of low income to submit complaints as well to better gauge how far reaching these overdraft practices are.
I would like Wells Fargo to post to this site exactly how much they have earned in the past year on overdraft fees, if they have the balls. If they don’t post which I expect them not to, a subpoena will help those figures along.
I have been a customer of Wells Fargo for several years. I am not a sophisticated bank client but an honest one. I have several business clients who regularly use my services and process between $20,000 and $60,000 dollars a year through My Wells Fargo account.
In this day of electronic banking I would think that a check could clear in a matter of seconds, yet even though I have had repeat business with the same clients and they have NEVER given me a bad check, Wells Fargo bases the deposit availability on My current bank balance. At times they will process these checks in a matter of hours and other times it can be up to 10 working days.
Being self employed I rely on the constant rotation of cash through my business yet Wells Fargo’s random hold policies have cost me THOUSANDS of dollars in overdraft fees. They charge $30.00 per check regardless of amount of the check and charge twice in a 48 hour period costing me $60.00 per check written. They also will post debits prior to deposits which sets You up for a financial fall. I believe their policies are tantamount to robbery and also fall into wire fraud.
When I first asked them about the delay in releasing deposits I was told it was because I used their ATM. Subsequent to that I would make my deposits at the counter and would be subjected to the very same hold policies. In addition the notification of overdraft would arrive by mail which takes an average of seven days making it impossible to know You are in an overdraft situation until You have of course written several checks each incurring a cumulative $60.00 fee. What happened to the days when a bank would call You and tell You to come in and make a deposit to cover checks?
Another interesting way to create overdraft income for the bank is to allow You to “Quick cash” a $40.00 withdrawal which may or may not show Your balance, and will allow You to make this tranaction even if Your balance is less than $40.00, thus that $40.00 dollar withdrawal makes the bank a tidy and rapid $60.00 profit.
Wells Fargo realized some time ago they could profit enormously from the delay in mail notification and in processing debits before credits. They also charge higher fees to the most vulnerable of clients which includes students, low income wage earners and the self employed business owner.
If You are a business owner and as pissed off as I am at Wells Fargo, I urge You to write this website, Your Congressman and the banking committee to voice Your displeasure. I am filing a class action lawsuit against these greedy bastards and will watch Your posts on this site as a barometer of interest in this case. I also urge students and those of low income to submit complaints as well to better gauge how far reaching these overdraft practices are.
I would like Wells Fargo to post to this site exactly how much they have earned in the past year on overdraft fees, if they have the balls. If they don’t post which I expect them not to, a subpoena will help those figures along.
We process deposits before withdrawals. If a deposit comes in on the same date as a check does, we make the deposit, then debit your account for the check. Each NSF fee is 30 dollars. You only get charged more than that if the company sends it through again.
Bottom line is that it is your responsibility to keep a ledger and not to overdraw your account. Floating a check or purchase (overdrafting) is a federal crime, and as a bank, WF can charge you whatever they like for doing so.
Crybabies.
-Seth, WF personal Banker
We process deposits before withdrawals. If a deposit comes in on the same date as a check does, we make the deposit, then debit your account for the check. Each NSF fee is 30 dollars. You only get charged more than that if the company sends it through again.
Bottom line is that it is your responsibility to keep a ledger and not to overdraw your account. Floating a check or purchase (overdrafting) is a federal crime, and as a bank, WF can charge you whatever they like for doing so.
Crybabies.
-Seth, WF personal Banker
I had a check of $1,000 going through my account today, which placed me in an overdraft situation of $400. My mistake and I would have NO problem if Wells Fargo penalized me for this error. Heck – they could even bounce the check and charged me their $50 fee. However, 10 small transactions (all between $7 and $40) also went through my account. Was it not for the one $1,000 check, all these transactions would be covered. I was shocked when I saw that Wells Fargo charged me 10 x $33 for these transactions! $330 unjust overdraft fees for less than $300’s transactions!! Why did they not simply bounce my $1,000 check? They are banking whores of the worst kind. Damn Wells Fargo.
I had a check of $1,000 going through my account today, which placed me in an overdraft situation of $400. My mistake and I would have NO problem if Wells Fargo penalized me for this error. Heck – they could even bounce the check and charged me their $50 fee. However, 10 small transactions (all between $7 and $40) also went through my account. Was it not for the one $1,000 check, all these transactions would be covered. I was shocked when I saw that Wells Fargo charged me 10 x $33 for these transactions! $330 unjust overdraft fees for less than $300’s transactions!! Why did they not simply bounce my $1,000 check? They are banking whores of the worst kind. Damn Wells Fargo.
I agree, wells fargo blows, one of my checks from work got a stop payment and I got charged 8 overdraft fees, all $33 a piece, understandable cause i was unaware. I got 3 of them retracted…ok whatever but I got $1000 transferred from another Wells Fargo to cover the -845.63 I had currently against me, so NOW I have positve $154.37. I woke up this morning and all of the pending charges had gone through all at the same time…go figure so now I had 7 more $33 overdraft fees. oooooook I will be closing my account today.. . Fuck u Wells Fargo
I agree, wells fargo blows, one of my checks from work got a stop payment and I got charged 8 overdraft fees, all $33 a piece, understandable cause i was unaware. I got 3 of them retracted…ok whatever but I got $1000 transferred from another Wells Fargo to cover the -845.63 I had currently against me, so NOW I have positve $154.37. I woke up this morning and all of the pending charges had gone through all at the same time…go figure so now I had 7 more $33 overdraft fees. oooooook I will be closing my account today.. . Fuck u Wells Fargo
I’ve deposited 1,300 dollars in the past week. However, all of my deposits were pushed back to let my charges go through. 11 overdrafts in 7 days. Oh ya, I just got my last paycheck. I’m a college student and I was working 70 hour weeks of construction labor to pay for school. now i can’t afford to buy food. have you ever felt that burning rage inside of you that could make you do something outrageously bad?
I’ve deposited 1,300 dollars in the past week. However, all of my deposits were pushed back to let my charges go through. 11 overdrafts in 7 days. Oh ya, I just got my last paycheck. I’m a college student and I was working 70 hour weeks of construction labor to pay for school. now i can’t afford to buy food. have you ever felt that burning rage inside of you that could make you do something outrageously bad?
FUCK WELLS FARGO!
I am a good customer — great credit, always pay my bills on time, never overdraft my account, always pay off my credit card in full each month. Despite these facts, they charged me a $10 fee to get $20 cash from my Wells Fargo platinum credit card. Did I mention I took the cash out from a Wells Fargo ATM inside a Wells Fargo bank?
FUCK WELLS FARGO!
FUCK WELLS FARGO!
I am a good customer — great credit, always pay my bills on time, never overdraft my account, always pay off my credit card in full each month. Despite these facts, they charged me a $10 fee to get $20 cash from my Wells Fargo platinum credit card. Did I mention I took the cash out from a Wells Fargo ATM inside a Wells Fargo bank?
FUCK WELLS FARGO!