Wells Fargo Bank Overdraft Fee Scam by Wells Fargo Prescott Valley Arizona

You are accusing them of working for the bank because they are telling you how simple it is to avoid overdraft fees forever?  Really?  Think about how ridiculous that sounds.

Simply keep an accurate register and your fees will magically disappear.  It's as simple as that.

And yes, they will be happy to provide you with a register and train you to use it correctly so you don't get fees at all.

You guys must work for them! 

You and you alone are failing to manage your account by not keeping a written register..but more on this in a minute.

The way debit card transactions work is that there is often a 2-Step process.  The first step is just an authorization(hold) on your account.  This is NOT the final sale.  It is up to the merchant when to submit this final debit.  Now with most vendors it is done almost immediatly, with others that do it in a "batch" mode it could be 2-3(or more) days.   However, until the merchant submits the final debit..it will stay in it's pending state.

Now, because a bank has no idea if the sale was completed or not until the merchant sends in the final amount.  After a certain amount of time the bank will "release" the hold as a courtesy so you don't have money in limbo.  But when the merchant then submits the debit..it gets deducted from your account.  Or is this a case where you really thought that the merchant just forget about you and decided to give you free merchandise?

So now lets get down to your fault in this.  It is your account and your responsibility to know what you are spending.  If you write down every purchase as you make it and deduct it from your available balance.  It doesn't matter if the final amount is deducted in 2 hours or 2 weeks because YOU know you have spent the money and it will eventually be deducted.  Of course this should go without saying, but the other major part of this is to NEVER attempt to spend more than you show available in your register. 

My guess that this is not your first bank, and probably had overdraft issues with the other banks as well.  After all if you didn't why didn't you stick with them?  So perhaps it is time to stop thinking that it is the bank's that are at fault and start looking in the mirror for the true person. 

Oh and if you really want to find out how evil the bank is.  Why not go into a branch and ask them to tell you how to use a register.  I bet that they are so evil in their secret plan that they will not only show you but will give you one to use.

 This is not the banks fault but yours.  Learn how to reconcile a bank statement and keep an accurate check register.  These are the things that can keep your account in the positive.  ATM, phone and online balances are not correct and any bank will tell you this!!!