• Report: #1158263
Complaint Review:

Wells Fargo

  • Submitted: Sat, June 28, 2014
  • Updated: Sat, June 28, 2014

  • Reported By: FHgolfer — Fountain Hills Arizona
Wells Fargo
Nationwide USA

Wells Fargo Wells Fargo Can Take Your Money Without Your Consent! Phoenix Nationwide

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

 I found out via the normal mail today that Wells Fargo has taken over $8700.00 of money in one of my three accounts without my permission or without any notice or communication.  

The Reason:  The account is in my name only with my two daughter as beneficiaries.  They are both listed on the said account in their names, followed by "pod" in capital letters.   To me that means they are only associated with this account if I die and it defaults to my living trust that I use on all my beneficiaries.  They took this money out the same day they received the court appointed garnishment order.

Research:   Every site I have looked at with this question says they are not allowed to do this.   Talked to a friends lawyer and he stated the same thing.   I can't find one location that would allow them to take this money even with a court garnishment order. 

Result:  I will be calling their legal department (from whom the letter came from) and seeing how they felt obligated legally to do so.   Then, regardless of the outcome, I will be moving a very large balance in all the accounts out of Wells Fargo.

Question:   Does anyone have a different opinion/proof that I am missing on the legal side ot this?  I want my ducks in a row before I call. 

This report was posted on Ripoff Report on 06/28/2014 11:20 PM and is a permanent record located here: http://www.ripoffreport.com/reports/wells-fargo/nationwide/wells-fargo-wells-fargo-can-take-your-money-without-your-consent-phoenix-nationwide-1158263. 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

Click Here to read other Ripoff Reports on Wells Fargo

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.