Wachovia Bank Wells Fargo Overdraft Rip Off and Greed Internet

They dont need the crystal ball theory becaus they use the bend over position it is fact not theory This is how debits and deposits were actually made 11/22/09 an account has a $100.00 balance in it 11/22/09 a debit $20.00 at gas station 11/23/09 a debit $6.00 at supper market 11/24/09 a debit $10.00 at hardware store 11/26/09 deposit company pay electronic direct deposit $1600.00 11/27 /09 debit $101.00 at auto parts store this is how the bank will re-sequence to bilk you out of $140.00 11/27/09 your account had $100.00 in it 11/27/09 debit 101.00 overdraft fee $35.00 11/27/09 debit $20.00 overdraft fee $35.00 11/27/09 debit $10.00 overdraft fee $35.00 11/27/09 debit $6.00 overdraft fee $35.00 11/28/09 $1600.00 electronic deposit company pay direct deposit
now just bend over and you will be so happy you will give us a kiss ALL READERS THAT ARE FED UP WITH THIS SLEAZY SCAM CLOSE YOUR ACCOUNT AT THE BANK AND OPEN ONE AT A NON PROFIT CREDIT UNION

Wachovia Bank charged me $140.00 in a two day period for three little charges I made totaling -$53.75,,,, One was there automated accidental death policy! They refused to correct. This bank is EVIL!

Thank You.

they will hold back a debit if it is small for several days if you have funds in the account to cover it and hold back a deposit weighting fore you to unknowingly exhaust all funds in your account so they can charge you maximum overdraft fees

This is what is known as the "Crystal Ball Theory".

The theory that a bank makes so much in fees that they are able to hire an entire staff of people who's only job it is, is to monitor peoples account.  The first department employees psychics who are able to tune into the people who do not use Check Registers.  These people get flagged for "special consideration" by another set of psychics.  This set of psychics tune into the wave lengths of people to know the exact time they will overdraft their account.  Having to employee these two sets of psychic are actually why the Overdraft Fees are so high.  Because apparently each must tune into different brainwaves and it is a very rare trait for a psychic to be able to tune into both. 

Now, I am sure you are asking yourself why do they need to employee psychics.  Well that is simple.  Computers can not really predict human actions all of the time.  A psychic can tune into a person knowing when they will overdraft.  Where a Computer only looks at trends, so using a psychic enables the banks to catch the people who do not have a history of over drafting, thus increasing their profit.

They also have an experimental division.  These are psychics who are focusing on the actual merchants.  Instead of trying to read the minds of people, these actually try to put thoughts into the merchants to keep them from running debits or checks.  This makes it easier for the banks to deny responsibility as they can legitimatly say that it is a problem with the merchant.

This of course is a very controversial theory, some may even call it a lie or exageration.  After all these people would claim that the banks have to follow Federal guidelines known as the Expedited Funds Availabilty Act as to when to make funds available.  They would also claim that it is a person's responsibility to understand the banks policies including deposit cut-off times.  These people who would call it a lie may even go as far as telling people that all they had to do was to keep a register.  Where if they wrote these debits in their register when they made them they wouldn't have to worry about when they were posted.  But we all know these claims of personal responsibility are all just part of the big cover-up, that enables banks to employee this entire entire division of psychics.

and a few others are in control of most of our government. It's quite clear that the banks (bankers) were in charge of running things during the economic meltdown last year, right? If you watch- 'INSIDE THE MELTDOWN' (you can 'Google' it) it's clear that Henry Paulson & Ben Bernanke were in charge, correct?

So after reviewing the 60 Minute Report, did I understand it correctly? That the banks GAMBLED money on the Commodity Oil and then when Oil dropped real low, the banks loss their asses, then had the gall to ask the government for our tax dollars to bail them out because they lost at their little gambling episode? Is that a correct assumption, therefore its the banks fault for the prices of oil going up to $4.00 or more a gal. How can our government let the banks get away with something so idiotic that my 2 year old would know better? So not only are the banks screwing with us on their NSF's fees and refusing to give small business owners small loans but they have the gall to ask for our tax paying dollars to bail their asses out because they gambled and lost. So now my next question is, Dear Government, I bought some lottery tickets and lost will you bail me out?
I dare ask what has this country come to, besides GREED!!!!! FYI Greed is a deadly sin all you bankers, deadly.... you will pay.

named in that 60 Minutes segment, correct? And both of those banks received TARP money, didn't they? Now you know WHY oil was as high as $147 a barrel last year, which pushed the price of gasoline to over $4 a gallon! And the government knows! 'Google' this- GOVERNMENT UNCOVERS OIL PRICE MANIPULATION, and read that article.

DEAR GOVERNMENT IM A SMALL BUSINESS OWNER WILL YOU BAIL ME OUT?
 
Banks can make excuses all day long, I went to the bank yesterday to get what they call an "flex line of credit" to protect my business' check book from overdraft fee's, Wachovia laughed me out the door, I put a quarter of million dollars in that bank according to my P&L for the year of 2009, and 2009 is not over yet. How dare they laugh at the very same people who bailed their asses out and they dont have to pay a cent in interest to pay us back, what kind of bullshit is that. If i remember correctly was that bailout even put up for a vote to us tax payers the source of where the money came from in the first place, or did Bush alone take it upon himself to just ram us tax payers one more time up the bung hole? Kinda like he did when the gas prices went to $4.00 a gallon. All banks are crooks just like the Government, Im going to put my money in a NOT FOR PROFIT credit union where I have the say so and screw the banks, now if every single American would do the same thing, put your money in a credit union, than guess what would happen to the banks, yep but they better pay back that loan we gave them before they go belly up. Dont get the wrong idea I do not and never have worked for a Credit Union, however I use to belong to a Credit Union and plan on going back. As far as Im concerned Wachovia, B of A, all the bigger banks can go to hell in a handbasket before they get another dime of mine. But I have done my homework online when it comes to Credit Unions as well. Banks are out to rip off the consumer even though we bail their asses out, away with them crooks...

WORLDWIDE WEB, correct?

What I was talking about was the complete lack of customer service and the fact that they are completely happy to ensure that they made very effort to deny any wrong doing on their part (I know... Believe it or not, I'm actually a very well educated man and I DO understand where the actual blame lies for the problem to begin with) but made no effort whatsoever to provide me with any insight on how to approach this or to work with me.  It put me in quite a bind when this happened and I went to them hoping to perhaps get some answers on what I might do to mitigate the issues that could possibly arise from this.  They ONLY comments to me were, "Well, its not our fault" and "That's not my problem".

That being said.  I wrote this to point out the lack of customer service and the fact that they have NEVER made any effort to help their customers (I've had other dealings with them), but apparently that point was completely glossed over and so I now wash my hands of this stupid site.

Yes..there was a day when the bank would have worked with you...but these days they only care about the fees.

Now if your employer bounced a check on you...they should be responsible, and it seems they have agreed to do so and cover the fees.

Now the thing is...the bank does not care about "customer service"..they only care about the officers bonuses...so do not expect any 'help" or consideration even though this was clearly not your fault.

The bank legally would HAVE to help you...IF the check was fraudulent. But that would required you to fill out a Federal Regulation E form to lodge a dispute. In that case the bank would have to work with you by law, against your employer.

Since you do not seem to have dispute with your employer...I would have to say in this case the bank has not done anything to constitute a "rip off"...lousy customer service? Perhaps..but not a rip off.

  OK, so you know that it is your employer that is responsible for everything and is required to make it all right (including paying all of the fees you are charged because of this).

     What exactly are you saying that the bank is not doing?    You say they won't "work with me" and that they "would not help in any way".   Why would they need to work with you or help you?  As long as your employer pays up like he's supposed to, this all disappears.

For whatever it may be worth... I'm fully aware who was to blame for the problem in the first place.  Futhermore, I am aware that the bank wasn't responsible for the business that bounced the check.

My problem with them is the fact that they would not help in any way.  The company that bounced the check was more than willing to work with me to get this fixed and they were willing to pay all the fees.  But, my bank wouln't work with me on it.  Several people called (including the business) and we all got different stories on the whole thing.  Perhaps the problem is that the majority of you out there just don't care any more, but I come from a time and mind-set that you do everything you can to help your customers.  This is definitely NOT the case with Wachovia.

Furthermore, what ever happened to "customer service".  Their entire attitude on it was one of "Not my problem"... I know that it wasn't their fault, but I've been with them for quite some time and they have never done anything other than take my money.

They are fully aware that it wasn't my fault,

As far as the bank is concerned it is your fault.  When you presented the check you represented to them that it was a valid check.  It does not matter if it was from your employer or a person who you never met before who told you to deposit the check and send them cash.  In the end banks(and this is ANY bank) will hold you responsible.  This means that they will reverse out the deposit, if that puts you into negative they will then assess overdraft fees.

Now, the company you need to go after is your employer.  Since they gave you a bad check they are responsible for not only the check but any fees that they have caused.  Since this was a payroll check they may also be subject to other fines and legal action from the State.  So it is to their advantage to make this right with you ASAP.  If not you can probably report this to the department in your state that handles the labor laws and enforcement.

Thank you.

"They are fully aware that it wasn't my fault, but they won't work with me on it."

  Has it occurred to you that you wrote a ripoff report about the wrong company?   You should have written the report about your employer, who paid you with a bogus check.

  Even if the bank knows this is not your fault, why does that make your crappy employer their problem?  Anytime you deposit a bum check, the bank is going to take back the money.  It doesn't matter where you bank.   

  Your problem is with your employer.  The employer is not only liable for the amount of the bad check, but also the overdraft and returned check fee.  Just about all states have laws against employers bouncing payroll checks.   You should contact your attorney general.