- Report: #930267
Complaint Review: Wells Fargo Bank
| Wells Fargo Bank
Phila, Pennsylvania United States of America |
|
Wells Fargo Bank Customers Beware! This bank actually promotes shady practices. It's all about the sale. Phila, Pennsylvania
*General Comment: Wrong on many counts...
*Author of original report: You won! Good for you!
*General Comment: Way to defeat your own argument...
*Consumer Comment: Striderq still up to no good with his insulting rebuttals
*Author of original report: Cont
*General Comment: Lost or stolen...
*Author of original report: To some degree...
*General Comment: Not quite right.
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This report was posted on Ripoff Report on 08/21/2012 07:02 AM and is a permanent record located here: http://www.ripoffreport.com/r/Wells-Fargo-Bank/Phila-Pennsylvania-/Wells-Fargo-Bank-Customers-Beware-This-bank-actually-promotes-shady-practices-Its-al-930267. 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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Search Tips#1 General Comment
Wrong on many counts...
AUTHOR: Striderq - (U.S.A.)
SUBMITTED: Saturday, September 01, 2012
And as far as me not having any idea about this situation, I worked in the Customer Service call center for Wachovia. I saw the policies that Wells Fargo was changing and instituting and decided I didn't want to be employed by Wells. So, yes actually I do know something about the topics under discussion. But that's okay, since you obviously feel that you can't defend your original claims I understand why you're willing to drop this report.
#2 Author of original report
You won! Good for you!
AUTHOR: Anonymous Previous Branch Manager - (United States of America)
SUBMITTED: Friday, August 31, 2012
I do actually feel sorry for you for being so naive. You picked one point out in the original post and are trying to argue about it. However, what you fail to understand is; you have no idea what the procedures are and I will not list every policy and procedure with you on what to do in a stop payment situation, as there are many. Why, in your opinion, would banks still be able to issue stops?
Don't you think there would still be reasons? There are. I'm sure you also didn't take a look at the links stating many other unethical behavior, which is the real point here. I am finished with you, although, you seem to be the type of person to have the last word in, so go ahead, if it makes you feel better by talking about my credibility, feel free. I'm not playing your game anymore.
P.S. That was a rhetorical question, I'm actually not interested in your opinions. Brains were not given for one to forego their use.
#3 General Comment
Way to defeat your own argument...
AUTHOR: Striderq - (U.S.A.)
SUBMITTED: Friday, August 31, 2012
Second: you presented the idea has the way the bank was operating, not as an example of what you saw wrong with the bank. Then when called on it, you backed off your statement. You have done the same thing with the account openings. First claiming that sales credit would be given and now saying none given if accounts are closed/opened within a certain time frame. But you're also "adding" more information in an effort to bolster your point. The problem is, by doing this you have destroyed your credibility and argument.
#4 Consumer Comment
Striderq still up to no good with his insulting rebuttals
AUTHOR: Charles - (USA)
SUBMITTED: Monday, August 27, 2012
#5 Author of original report
Cont
AUTHOR: Anonymous Previous Branch Manager - (United States of America)
SUBMITTED: Monday, August 27, 2012
See more examples
http://www.topix.com/forum/com/wb/TDNUJ1F62LG56T3EF http://www.vaughns-1-pagers.com/economics/wells-fargo-sucks.htms
#6 General Comment
Lost or stolen...
AUTHOR: Striderq - (U.S.A.)
SUBMITTED: Thursday, August 23, 2012
I still have doubts that WF would give sales credit for an account that is opened to replace one that's been compromised. When they first took over Wachovia, they gave sales credit for a replacement debit card when one was lost/stolen. That ended real quick. WF wants more accounts/business. When a person has an account closed and an account opened the bank is not gaining anything. And WF is definitely about business, so I don't believe they'd give sales credit for this situation.
And I really like the way you stated how things were in your OP and then walked it back after my post. You kind of lose credibility when you do that. "This is the way it is. Well sometimes it's that way but I was just doing an example as a blanket statement." Meaning that you were intentionally slanting the reaction you wanted people to have.
#7 Author of original report
To some degree...
AUTHOR: Anonymous Previous Branch Manager - (United States of America)
SUBMITTED: Wednesday, August 22, 2012
The bankers do indeed get credit for any account opened and they push even when not in the clients best interest. And, any crook could get a check from anywhere, even working at any retail store even. We shouldnt take simple things to an extreme. Another example, they get more credit for opening higher balance checking accounts. So if a client comes in with a check for 5k and the banker knows the balance will drop in a few days or weeks they will still open the higher limit account to get more sales credit knowing the client will be charged fees as soon as the balance drops.
If the client sees the fees for lower balances then the banker will apoligize and simply change the code later, or on the extreme apologize to the client that the wrong acct was open, then close it and reopen yet another account along with all the other supporting widgets. It's a shame really... The list just goes on and on. There isn't enough room to list all the unfair shady practices that are done to unknowing clients. Most banks are the same. I now hold my money in a very small credit union. I feel bad for the customers, but also the employees who really don't want to do these things, but are afraid to loose their jobs.
The bad guys figured out that stop payments could be placed on the check number they stole. So they started using the routing number & account number to either print checks with other numbers or just use that information to schedule payments from the stolen account. Bank policy (for all banks I know of) for years has been to encourage the customer to close the account and open a new one. Wachovia even sent out a Letter of Indemnification that the customer had to sign that stated if the account info was stolen & the customer refused to close the account that the bank would not be held liable for any loss due to fraudulent activity.
My friend who works for Wells Fargo told me that this scenario would not generate sales credit. They get credit for completely new sales but not for opening an account to protect the customer from loss.
Although you're right that' there's a lot of other stuff that Wells does wrong, this isn't one of them.

