Wachovia
wachovia.com
Tucker Georgia 30085
U.S.A.
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Wachovia Wachovia changes incoming withdrawal to their advantage especially if your account is low. Do not go by website printout. It does not match the bank. Tucker Georgia
1Author
2Consumer
1Employee/Owner
I have print out showing 7-8 withdrawal on one day from 7 different companies from all over the United States. How do they all get withdrawn on the same day? Because the account is being monitored and withdrawals are adjusted to cause the charge of fees. I can show printout of my account, and the bank manager became arrogant. I eventually had to report him because he could not explain the withdrawal.
Think of how the bank already know all your creditors and how you pay them. If you are running an account to you means they know just how to manuver the account so you will pay fees. I have the proof. I will definitely do what I have to do to have my money returned. They took over $1500.00 last year. I am not the best on finance but I am learning. I have changed to another bank and only use Wachovia for local ATM purchases.
Ceecee
Stone Mountain, Georgia
U.S.A.
This report was posted on Ripoff Report on 6/29/2008 10:53:09 PM and is a permanent record located here: http://www.ripoffreport.com/banks/wachovia/wachovia-wachovia-changes-inco-mbmp3.htm. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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REBUTTALS & REPLIES:
1Author
2Consumer
1Employee/Owner
Updates & Rebuttals
#1 Employee
AUTHOR: Striderq - Columbia (U.S.A.)
SUBMITTED: Monday, June 30, 2008
POSTED: Monday, June 30, 2008
First, I'm sorry to hear of the trouble your having.
Second, we have no control over the transaction done on your account or when they post. You control the transactions by where and when you spend your money. The merchant controls when they request the money from your account.
Third, it sounds like you need to keep a register of transactions and not spend money you don't have available. If you have monthly recurring payments (insurence, mortgage, etc) I suggest subtracting those at least one week before they're due to make sure you leave that money in your account for them. Then subtract every check when you write it and every debit card purchase when you make it. If you do this and keep the balance in the positive then you will not have any OD fees. Because you're talking at least 43 transactions last year that were accessed OD fees.
#2 Consumer Comment
AUTHOR: John - Califon (U.S.A.)
SUBMITTED: Monday, June 30, 2008
POSTED: Monday, June 30, 2008
that a bank is going to monitor YOUR account personally.
'How do they all get withdrawn on the same day?'
Because that's when the merchants submit them and banks have no control over that no matter how much you want to think they do.
Learn how banking actually works. What did your register that you faithfully keep say? It certainly said that your deposit had not yet cleared and you spent money you didn't have.
#3 Consumer Comment
AUTHOR: Ken - Randolph (U.S.A.)
SUBMITTED: Tuesday, July 01, 2008
POSTED: Tuesday, July 01, 2008
These transactions arrive at the bank in batches, and the whole batch gets posted all at the same time. It would stand to reason that you might see several items all post together. This shouldn't matter, the money is supposed to already be in the account when you make the transaction.
If you are trying to beat the transaction to the bank with a deposit, bear in mind that they are processing electronically while you are running down there on foot.
