Complaint Review: Wells Fargo
I am an IT professional. I know from direct sources within Wells Fargo that the bank's transactions posting system is rigged. It uses an organized, on purpose, transactions posting algorithm, the sole purpose of which is to maximize revenue from penalites on Overdrafts. The system would delay or speed up the posting of a given transaction if that would result in a penalty being charged to the customer. The primary victims of this predatory scam are low income customers. Wells Fargo does not show the slighest concern for the victims. They are instructed to redicule and make fun of poor customers calling to complain because they picked up on the posting date discrepancy. It doesn't get anymore low life. Shame on our biggest bank.
This report was posted on Ripoff Report on 08/11/2015 06:23 PM and is a permanent record located here: http://www.ripoffreport.com/reports/wells-fargo/nationwide/wells-fargo-bank-overdraft-fees-ripoff-nationwide-1247925. 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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