ED Magedson – Founder
My family and I have several business accounts, personal accounts and savings accounts setup through Wachovia Bank. This past year ALONE I have noticed that more & more overdraft fees are being taken from our accounts for stupid tiny transactions. I ended paying over $230 in one month for overdraft fees that were for little charges because when I looked at my account online, I had more than enough money to cover the money I spent, but then a few days later when I went to the grovery store, I was told that my card was declined. It was humiliating....It turned out several of my charges that were pending were held for days, but a large transaction went through immediately and that made all of the pending transactions bounce. This was not the first time this has happened, it's been happening more and more and I actually get scared when I need to use my bank card. This is totally ridiculous. I believe that we should be able to start a class action lawsuit and make Wachovia admit to their wrongdoing. They should not be allowed to continue business this way and treat loyal consumers in this way. They are taking advantage of consumers because noone is making them own up to their behavior. If an attorney would like to take this case, please feel free to contact me.
This report was posted on Ripoff Report on 08/12/2010 10:21 AM and is a permanent record located here: http://www.ripoffreport.com/r/Wachovia-Bank-N-A/internet/Wachovia-Bank-N-A-Overcharging-fees-setting-up-consimers-to-pay-extra-in-fees-Internet-630932. 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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