- Report: #951081
Complaint Review: Wells Fargo
| Wells Fargo 420 Montgomery Street San Francisco, California
Internet United States of America |
|
Wells Fargo Abusive business practices -- FEE RAPE!! Internet
*UPDATE EX-employee responds: Your account, your responsibility to manage.
*Author of original report: Ken the WellsFargo Puppet stikes again!
*Consumer Comment: Jim, his IQ may vary with room temperature, but it NEVER
*Author of original report: Another WellsFargo Drone Attack
*Consumer Comment: How Long?
*Author of original report: Ken the Wells Fargo corporate drone
*Consumer Comment: Looks like this OP is w-a-y too STUPID to follow some good advice...
*Author of original report: Another Wells Fargo employee
*Author of original report: Yet another Wells Fargo employee on an attack run.
*Consumer Comment: The person at fault here is YOU....
*Consumer Comment: Ridiculous
*Consumer Comment: Who's Account Is This?
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I investigate this and discovered that Wells Fargo had cleaned out my account and assessed me a fee of $12.25 to do so|. Basically, Wells Fargo charges ridiculous and abusive fees in exchange for their computer system being authorized to transfer funds from one account to another. They call this Overdraft Protection;. If questioned about this, they will tell you that you can cancel it but you would automatically assessed $35.00 overdraft fees even if there are enough funds to cover the charge in another account associated with the primary account;.
I ask Wells Fargo to refund $12:.25 back to my account and they refused.. They said I could cancel the overdraft protection and get a refund of $6.00. This is little more than an insult. I was very upset and I began to research the situation. Apparently, Wells Fargo Bank has a proud history of stealing from their customers. I would agree with this statement because they have stolen money from me regularly since I began doing business with them. Their use of fees is
nothing short of theft. With Wells Fargo, there is really no way to know what your true balance is because their systems provide a look at your balance at the moment.
Moreover, Wells Fargo will tell you that you can either pay them to transfer your funds from one account to another or you can pay them $35.00 in overdraft fees, which are assessed at their convenience, for not allowing them the right to charge ridiculous fees for their computer system to move fees from one account to another.
When posting information on sites just like this one, Wells Fargo employees frequently rudely respond to posts by ridiculing the poster. The last post I placed on here contained a response from a poster who nearly quoted me my account balance, while telling me all about Wells Fargo policies. This same poster told me to withdraw my funds from their bank and bury the money in my front yard. This type of attack is very common among far right-wing republicans who love money and hate people.
These attacks amounts t little more than a crude attempt by Wells Fargo to further attack somebody they have already victimized. As I have seen this in most of the posts about Wells Fargo, I can only assume this is a common, condoned corporate-sponsored retaliatory process.
I would advise anybody and everybody to avoid doing business with Wells Fargo. They are a collection of corporate thieves.
This report was posted on Ripoff Report on 10/04/2012 10:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/Wells-Fargo/internet/Wells-Fargo-Abusive-business-practices-FEE-RAPE-Internet-951081. 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 UPDATE EX-employee responds
Your account, your responsibility to manage.
AUTHOR: Sam - (USA)
SUBMITTED: Thursday, October 18, 2012
POSTED: Thursday, October 18, 2012To start, managing a bank account is not easy sometimes because there are a number of factors that can determine when items post, the order they post, and when fees are charged.
When you run your card with a merchant, generally they are given an approval code or in bankers terms, an authorization. This authorization may or may not appear on your account as a pending transaction. From there, in order to get paid, the merchant has to finalize the transaction through their system and request final payment from the bank. When they do this, the transaction posts completely to the customers account. Now if the merchant does not request final payment in 3-5 days, the bank can drop the hold. This does not mean that the merchant can not get paid though. This just means that the bank is no longer holding the funds for the merchant. This is standard procedure for all banks I have ever done business with.
Now speaking about the overdraft protection fees, they are definately valid fees. It is your responsibility to manage your accounts and the funds going between them. When you make a purchase, YOU have to keep track of your balance in that account. This is best done with a check register due to the reasons I stated above with the authorizations only staying so long if they even show up right away. If you have an account linked up for overdraft protection, the bank will take funds out of that account to ensure that your available balance (actual balance - any pending transactions) is not negative. If the bank has to move the funds to ensure this, that is when this fee is charged. If you move the funds before the close of business time, they do not charge this fee.
All of this information is provided to you in your new account paperwork. When these procedures or fees change, WF mails you the new terms to the address that they have on file.
Many people consider this theft and it can be hard to understand at time. It is however a valid charge that has been disclosed to all customers as well as a service that you can opt out of.
I hope that this message provides some insight. It is not meant to attack anyone or imply fault to anyone. I am just trying to help people understand how this works.
#2 Author of original report
Ken the WellsFargo Puppet stikes again!
AUTHOR: Lordbenji29 - (United States of America)
SUBMITTED: Monday, October 15, 2012
POSTED: Monday, October 15, 2012You are just another worthless corporate troll. You and those like you are a disease. Your job is to attack WellsFargo's victims.
Your sleazy corporation is being sued by the feds again. What a shock that must be. Are you corporate trolls worried that you'll lose your bonuses?
Is Wells Fargo still REQUIRING bankers to sell the products a week or be fired?
You sir are a shamless corporate puppet.
I am a victim of the criminal corporation known as "Wells Fargo."
Tell me Jim, are you a bigwhig? Are you the president's play thing? Maybe your just some souless middle-management troll. Who knows. Who cares. Either way, you're a souless meat puppet who lacks free will.
I bet if your corporate bosses stopped short, your head would be so far up their butt(s), you would be able to taste what they had for breakfast.
#3 Consumer Comment
Jim, his IQ may vary with room temperature, but it NEVER
AUTHOR: Ken - (USA)
SUBMITTED: Thursday, October 11, 2012
POSTED: Thursday, October 11, 2012#4 Author of original report
Another WellsFargo Drone Attack
AUTHOR: Lordbenji29 - (United States of America)
SUBMITTED: Thursday, October 11, 2012
POSTED: Thursday, October 11, 2012How long have you been a mindless, souless, clueless, servant of your corporate masters?
#5 Consumer Comment
How Long?
AUTHOR: Jim - (USA)
SUBMITTED: Wednesday, October 10, 2012
POSTED: Wednesday, October 10, 2012#6 Author of original report
Ken the Wells Fargo corporate drone
AUTHOR: Lordbenji29 - (United States of America)
SUBMITTED: Wednesday, October 10, 2012
POSTED: Wednesday, October 10, 2012You're just another corporate drone. Please learn to think for yourself. People who serve corporations are generally mindless zombies who are trained to kiss the corporate rear end. You want evidcence of corporarte dishonesty on the part of your masters?
Everybody can read about how Wells Fargo is being sued by the federal government here: (((link redacted)))
Your servatude to a collection of corporate thieves makes you a sad, sorry, corporate zombie who lacks the ability to think for himself. Have a nice day.
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
#7 Consumer Comment
Looks like this OP is w-a-y too STUPID to follow some good advice...
AUTHOR: Ken - (USA)
SUBMITTED: Saturday, October 06, 2012
POSTED: Saturday, October 06, 2012What a "maroon."
BTW, it's common on Ripoff Report for idiots with no further cogent arguments to accuse authors of rebuttals he doesn't like to be employees of his target company....Kind of small minded, but common.
#8 Author of original report
Another Wells Fargo employee
AUTHOR: Lordbenji29 - (United States of America)
SUBMITTED: Friday, October 05, 2012
POSTED: Friday, October 05, 2012#9 Author of original report
Yet another Wells Fargo employee on an attack run.
AUTHOR: Lordbenji29 - (United States of America)
SUBMITTED: Friday, October 05, 2012
POSTED: Friday, October 05, 2012If Wells Fargo's balance information (viewable from the online banking page) was anywhere near accurate, and if I could count on the criminals at Visa setting hard guidlines about WHEN funds should be drafted, then I wouldn't have this issue. Since Wells Fargo cannot be trusted and Visa is the world's largest criminal corporation, there are issues.
I use my card on one day and the money does not come out until 10 days later. This is bad business and it's designed SPECIFICIALLY to allow banks and card issuers to add these fees. As far as I am concerned, the bank is just getting rich off of the poor and Visa is getting a damn percentage, which makes them JUST AS BAD.
Furthermore, the bank is not out any overhead here because their computer system transfers the funds automatically. As such, there is NO justification for the fees. A smart person I know calls these fees "I'm not rich enough" fees. I now see the logic in his words.
Shame on all of you and shame on Wells FargBLOW.
#10 Consumer Comment
The person at fault here is YOU....
AUTHOR: Ken - (USA)
SUBMITTED: Friday, October 05, 2012
POSTED: Friday, October 05, 2012#11 Consumer Comment
Ridiculous
AUTHOR: Ramjet - (U.S.A.)
SUBMITTED: Friday, October 05, 2012
POSTED: Friday, October 05, 2012#12 Consumer Comment
Who's Account Is This?
AUTHOR: Jim - (USA)
SUBMITTED: Friday, October 05, 2012
POSTED: Friday, October 05, 2012

