WELLS FARGO BANK CLASS ACTION SUIT CALLED FOR PREDATORY OVERDRAFTS FEES-CLIENT LOSES HOME Pleasant Hill California

The number one culprit in situations like this is not balancing your check book. Do not rely on anything else except a register. Do not write checks on money that has not hard posted to your account. Plain and simple.

The number one culprit in situations like this is not balancing your check book. Do not rely on anything else except a register. Do not write checks on money that has not hard posted to your account. Plain and simple.

The number one culprit in situations like this is not balancing your check book. Do not rely on anything else except a register. Do not write checks on money that has not hard posted to your account. Plain and simple.

The number one culprit in situations like this is not balancing your check book. Do not rely on anything else except a register. Do not write checks on money that has not hard posted to your account. Plain and simple.

It was your choice to open an account there at that bank and your choice to sign the account agreement. You can choose to close the account and move the account elsewhere, but it is the bank that dictates terms to its customers, not the other way around. Banks have already been sued for what it is your claiming and the banks won the case, based on the fact that they have account agreements and the agreements were not found to be egregious in any possible way. The last case regarding insufficiency of disclosure even had the prosecuting attorney telling the court, "...we know that banks have the right to make whatever agreements they wish and that account holders need to comply with those agreements..." and then went on to say that the disclosures to the account holder were insufficient. Needless to say, no attorney is going to take on a bank for a case in which there are already many established precedents for the bank.

As a business person with a small business, cash management is likely to be one of the more important administrative aspects of your business. What you need to do is implement better cash management; I understand the need to pay suppliers on time, but if you're paying suppliers faster than you're collecting money from clients, then that's a problem from a business perspective, not the bank. I would talk to your bank about obtaining cash management solutions to some of the problems you have. You might also want to discuss a receivable line with the bank so that your not so hamstrung by your customers - who are causing your problems by failing to pay timely.

Full Disclosure: I don't work for this or any bank. I have managed finances for small businesses in the past.....

It was your choice to open an account there at that bank and your choice to sign the account agreement. You can choose to close the account and move the account elsewhere, but it is the bank that dictates terms to its customers, not the other way around. Banks have already been sued for what it is your claiming and the banks won the case, based on the fact that they have account agreements and the agreements were not found to be egregious in any possible way. The last case regarding insufficiency of disclosure even had the prosecuting attorney telling the court, "...we know that banks have the right to make whatever agreements they wish and that account holders need to comply with those agreements..." and then went on to say that the disclosures to the account holder were insufficient. Needless to say, no attorney is going to take on a bank for a case in which there are already many established precedents for the bank.

As a business person with a small business, cash management is likely to be one of the more important administrative aspects of your business. What you need to do is implement better cash management; I understand the need to pay suppliers on time, but if you're paying suppliers faster than you're collecting money from clients, then that's a problem from a business perspective, not the bank. I would talk to your bank about obtaining cash management solutions to some of the problems you have. You might also want to discuss a receivable line with the bank so that your not so hamstrung by your customers - who are causing your problems by failing to pay timely.

Full Disclosure: I don't work for this or any bank. I have managed finances for small businesses in the past.....

It was your choice to open an account there at that bank and your choice to sign the account agreement. You can choose to close the account and move the account elsewhere, but it is the bank that dictates terms to its customers, not the other way around. Banks have already been sued for what it is your claiming and the banks won the case, based on the fact that they have account agreements and the agreements were not found to be egregious in any possible way. The last case regarding insufficiency of disclosure even had the prosecuting attorney telling the court, "...we know that banks have the right to make whatever agreements they wish and that account holders need to comply with those agreements..." and then went on to say that the disclosures to the account holder were insufficient. Needless to say, no attorney is going to take on a bank for a case in which there are already many established precedents for the bank.

As a business person with a small business, cash management is likely to be one of the more important administrative aspects of your business. What you need to do is implement better cash management; I understand the need to pay suppliers on time, but if you're paying suppliers faster than you're collecting money from clients, then that's a problem from a business perspective, not the bank. I would talk to your bank about obtaining cash management solutions to some of the problems you have. You might also want to discuss a receivable line with the bank so that your not so hamstrung by your customers - who are causing your problems by failing to pay timely.

Full Disclosure: I don't work for this or any bank. I have managed finances for small businesses in the past.....

It was your choice to open an account there at that bank and your choice to sign the account agreement. You can choose to close the account and move the account elsewhere, but it is the bank that dictates terms to its customers, not the other way around. Banks have already been sued for what it is your claiming and the banks won the case, based on the fact that they have account agreements and the agreements were not found to be egregious in any possible way. The last case regarding insufficiency of disclosure even had the prosecuting attorney telling the court, "...we know that banks have the right to make whatever agreements they wish and that account holders need to comply with those agreements..." and then went on to say that the disclosures to the account holder were insufficient. Needless to say, no attorney is going to take on a bank for a case in which there are already many established precedents for the bank.

As a business person with a small business, cash management is likely to be one of the more important administrative aspects of your business. What you need to do is implement better cash management; I understand the need to pay suppliers on time, but if you're paying suppliers faster than you're collecting money from clients, then that's a problem from a business perspective, not the bank. I would talk to your bank about obtaining cash management solutions to some of the problems you have. You might also want to discuss a receivable line with the bank so that your not so hamstrung by your customers - who are causing your problems by failing to pay timely.

Full Disclosure: I don't work for this or any bank. I have managed finances for small businesses in the past.....

1. If the money is not available the check will not be cleared. Don't spend nthe money until it's available.

2. Doesn't matter the size of the overdraft, the fee is imposed for any and all overdrafts.

3. The limit is controlled by the customer by not overspending their account.

4. You signed a waiver by accepting the posting order disclosed in the terms & conditions of your account.

5. Then have the money to cover the check the first time it's presented against your account.

6. Again, see your terms & conditions. Ask your bank how they post. Some post deposits first, some post debits first. Don't try to live off the float and try to beat the check to the bank with a deposit, you'll lose more times than you win.

7. No technology can not guarantee the check. I have seen several times that a "good" check is returned due to stop payment, nonsufficient funds, closed account, etc. Would you rather have that check for $4000 held until the money is paid or have it available in your account and then removed when the check is returned unpaid? Causing overdrafts because you've spent the money?

8. Banks are already regulated. They have rules they have to obey. If not they will get fined. The bank is not going to face a $10,000 fine to take a $35 OD fee from you.

9. Again see your terms & conditions. They say when you overspend you will get a fee. There's your notification.