• Report: #523299


  • Submitted: Fri, November 13, 2009
  • Updated: Fri, November 13, 2009

  • Reported By: RICHARD — United States of America
Internet United States of America


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I had an online account with this bank for several years. Now Wells Fargo bought out Wachovia and has imposed horrific fees for an electronic brokerage account that I manage. There is a $60 annual fee just for having the account though they do nothing and all statements are electronic. This was never charged before. This angered me so I inquired about transferring my account to another broker. To add insult they tell me there is a $95 fee to close or transfer my account. That is ridiculous, when did a bank ever charge you money to take out your own money. I have had 3 emails with them and they refuse to budge. They do not care about the customer. Avoid them at all costs. There are other brokers that want your business.  The second fee should be illegal if anyone knows who to complain to please advise. Thanks.

This report was posted on Ripoff Report on 11/13/2009 05:33 AM and is a permanent record located here: http://www.ripoffreport.com/r/WACHOVIA-BROKERAGE/internet/WACHOVIA-BROKERAGE-WELLS-FARGO-ADVISORS-UNREASONABLE-FEES-Internet-523299. 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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