Complaint Review: Wellsfargo Bank - Oakland California
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- Wellsfargo Bank www.wellsfargo.com Oakland, California U.S.A.
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- Category: Banks
Wellsfargo Bank Order of debit arbitrary arranged to charge maximum number of overdraft fees OaklandOakland California
*Consumer Comment: It's been like that for years...
*Consumer Comment: Not new....
Show customers why they should trust your business over your competitors...
After many overdraft fees I have determine the Wellsfargo software is program to post debit items in such a way so the always the largest item is posted first in order to generate the maximum possible number of overdraft fees.
Veronica
alameda, California
U.S.A.
This report was posted on Ripoff Report on 05/21/2008 09:13 AM and is a permanent record located here: https://www.ripoffreport.com/reports/wellsfargo-bank/oakland-california-94620/wellsfargo-bank-order-of-debit-arbitrary-arranged-to-charge-maximum-number-of-overdraft-fe-333960. 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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#2 Consumer Comment
It's been like that for years...
AUTHOR: J G Shrugged - (U.S.A.)
SUBMITTED: Wednesday, May 21, 2008
And has been since the early 1990s since consumers went to Congress and complained that they were being "ripped off" by the banks because the banks were processing lowest to highest and bouncing their car payment, which was then repossessed. Same with rent or mortgage...so the banks changed to the opposite way.
#1 Consumer Comment
Not new....
AUTHOR: John - (U.S.A.)
SUBMITTED: Wednesday, May 21, 2008
This has been going on for at least two years...I think that almost all banks have caught on to this trick ...Instead of processing checks in the chronological order received, they've figured out that if they hold onto checks and then process them in batches....going from highest to lowest amounts...that they can greatly increase their NSF fees....Bank are making billions in profits off of this....
Join a credit union if you can...they tend to not do this....
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