Complaint Review: Wells Fargo Bank - Aspen Colorado
- Wells Fargo Bank 119 Mill Street Aspen, Colorado U.S.A.
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- Category: Banks
Wells Fargo Bank Took days to post my credit Denver Colorado
*UPDATE Employee: The reason for this...
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Twice in the last year, I have received an in-store refund from a merchant who swiped my Wells Fargo debit card to apply the credit.
Then I have waited three or four days for the credit to appear.
My calls to the Wells Fargo customer service line, plus visits to the branch mangers, resulted in the same reply:
"Give us a few days. Your money will be deposited."
Yes, the money was always eventually deposited.
My question is this: if Wells Fargo can DEBIT my account
INSTANTLY, why does it take 3 or 4 days to CREDIT it?
Assuming that Wells Fargo receives thousands --- or millions--- of similar credits every day how much free money are they collecting for their own personal investments...like, say, purchasing another bank?
Anonymous
Denver, Colorado
U.S.A.
This report was posted on Ripoff Report on 04/08/2009 01:06 AM and is a permanent record located here: https://www.ripoffreport.com/reports/wells-fargo-bank/aspen-colorado-81611/wells-fargo-bank-took-days-to-post-my-credit-denver-colorado-441775. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 UPDATE Employee
The reason for this...
AUTHOR: Striderq - (U.S.A.)
SUBMITTED: Wednesday, April 08, 2009
is that when you make a purchase when your card is swiped the store is electronically asking the bank can we debit this amount of money from this account. If you have the money, the purchase is approved, you get your merchandise and the hold is created. However, when the store processes the refund on your card, they do not contact the bank and ask can we refund the money. The store processes thr refund request and it can take 3 to 5 business days before the directive is received by the bank to put the money in your account. The bank does not hold any transactions but likewise can not post them until the documentation is received from the merchant. I apologize that this takes longer than you would like, but the bank has no control over when the merchant provides the documentation needed.
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