WACHOVIA BANK Ripoff Reports, Complaints, Reviews, Scams, Lawsuits and Frauds Reported

Your Search: Wachovia Bank

There may be more reports for "Wachovia Bank"

For more results perform a general search for "Wachovia Bank"

Showing 76-100 of 74,084 Found Reports For more results perform a general search for "Wachovia Bank"

Wondering if a report is missing? We DO NOT remove reports.

76, Report #493057
Sep 10 2009
06:39 PM
First Union Now Wachovia Bank wachovia na woke up to find they stole my money for my mortgage payment roanke, Virginia
this bank overdrafted my account to the point I would never catch up. I opened a new account with them trying to close the old account but they would not let me nor would they take payments. I had 600.00 in the other checking account for my mortgage payment and other bills. They took that money and made the new account bounce. I have written to the ag of the state of florida and also the ftc. This scam should not be tolerated by the banks.
Entity: roanke, Virginia
77, Report #406170
Dec 30 2008
09:38 AM
Wachovia Bank Wachovia charges 3465.35% intrest. Government rushes to award them multi 100 billion dollar bailout? Lehigh Acres Florida
Copy of letter sent to Florida Attorney General please keep on file. I believe it is my duty to inform you of what appears to be an unfair (legal or not) banking charge by Wachovia bank account # xxxxxxxxxxxxx I was charged $140 for a shortfall of $4.04. this appears to be 3465.35% interest or fee or whatever it may be called. My question is: 1) Is 3465.35% an acceptable amount for anyone to charge for anything, anywhere? Please answer yes or no as I am testing equal protection under the law. My intent is to open the door for myself and others to be afforded the same opportunities presently allowed to Wachovia by state law without fear of government intervention. I am posting this letter on a public forum on the Internet and will post your response if any on that forum. Joseph Corbett lehigh Acres, FloridaU.S.A.
Entity: Florida
78, Report #195039
Jun 06 2006
05:08 PM
Wachovia Bank More Lies. been doing research here's an interesting letter Wachovia sent to the Feds. LIES LIES MORE LIES. Charlotte North Carolina
We are Wachovia customers who have had the same problems as amny others regarding the way Wachovia processes their debits and deposits. We were actually told by a Customer Service Rep. that Wachovia does what it does to incur as many overdraft fees as possible because they can and will do so until it is illegal We have been misinformed and lied to and it seems as every Customer Service Rep has different information to give. Sound familar? FYI...you can have an Opt Out condition place don your debit card so that debit transactions will not process without funds being available, but BEWARE...We asked for this to be applied to our account twice, were told it was taken care of, only to find out that the Reps LIED and did not apply the condition. Typical! After countless problems, we have filed a complaint with the FDIC and I began doing research. I found a letter that Wachovia sent to the Federal Reserve that many of you will find interesting. The link is...http://www.federalreserve.gov/SECRS/2004/August/20040810/R-1197/R-1197_164_1.pdf#search='overdraft%20fees%20and%20wachovia' I know it's a long one, but worth. SOme of the statements made by Wachovia in the letter are as follows: Wachovia has reviewed the proposed amendments to Regulation DD (?Proposal?) and we support the efforts of the Board of Governors of the Federal Reserve System (?Board') to provide ?uniformity and accuracy of information? to consumers who may overdraw their transaction accounts. However, Wachovia has serious concerns about certain aspects of the proposed amendments and appreciates the opportunity to bring these concerns to the Board's attention. YEAH, I bet they do... In its letter of January 27, 2003 to the Board concerning proposed amendments to the Official Staff Commentary of Regulation Z,1 Wachovia represented that it did not offer an overdraft protection program (bounce protection) of the type described in the Board's proposal. Wachovia has not changed its position on this issue, and it does not market a so-called ?bounce protection? program to its customers. UH HUH...Just for fun...Call 1-800-wachovia and ask the Rep. if they have Overdraft Protection NOW PAY ATTENTION....This is the good part: For many years, most financial institutions have employed some form of discretionary process for determining whether an item is paid causing an overdraft or is returned for insufficient funds (?NSF?). Many financial institutions, including Wachovia, have developed, either internally or with the assistance of an outside vendor, automated, risk-based analytics to determine when an item should be paid. Numerous factors such as average deposit balances, length of time on deposit, and number of overdrafts in a defined period, assist financial institutions in determining whether items should be paid creating an overdraft and in managing the risk of cumulative outstandings from the payment of overdrafts. Within this risk-based process, there may be a daily and/or aggregate limit of overdrafts permitted for each account, but these are subject to change on almost a daily basis, depending upon how the consumer manages the account. Wachovia does not disclose, guarantee, or market the operation of this process to customers in any way. Did you catch that last part? Here it is again for you... Wachovia does not disclose, guarantee, or market the operation of this process to customers in any way. and now for the funny part... Wachovia believes that the process currently applied by Wachovia to evaluate and pay or return items is administered in a way that protects our customers and Wachovia. AH HA HA ROTFL LMAO I encourage all of you to read the document in full and save a copy on your PC, as these things tend to disappear. Keep fighting, keep complaining. Write Letters, call your Congressional Reps., contact the FDIC, make noise! Their dau will come! Oh yeah and there is a contact number on the bottom of the letter, where you can contact the Wachovia Schmuck who wrote it. GIVE HIM A CALL! Let's flood his office with complaints and let him know just how his customers feel about their polcies. Shannon MAYSVILLE, GeorgiaU.S.A. Click here to read other Rip Off Reports on Wachovia Bank
Entity: Charlotte, North Carolina
79, Report #172818
Jan 22 2006
07:03 PM
Wachovia Bank beware opening accounts with wachovia if you don't want a credit card St Albemarle North Carolina
When opening a checking account with wachovia, I was pleased with everything when all was said and done. No big deal right? Boy was I wrong. About 2 weeks later I recieved a letter from Wachovia. Inside was a credit card from Wachovia and the letter thanked me for applying for it. Interestingly enough I NEVER applied for any credit card. I immediately called the 800 number on the back of the card and spoke with a customer service rep from MBNA (supposedly a partner of wachovia) and the rep told me they recieved my information electronically from a wachovia branch 2 weeks prior. The only thing I could link it to was when I opened my checking account. I immediately closed the credit card account and went to the wachovia branch the following day. When I entered the branch I asked to speak with the person with whom I opened my account with. I explained the situation and the response I received was, This is a great credit card. You must have great credit. I don't see the problem. The problem was you violated my rights and applied for a credit card for me without my consent. According to her the computer automatically does it sometimes and it is in Wachovia's terms and conditions. I searched and searched for this clause and found nothing. I was unaware that you no longer need an application nor a signature anymore to apply for credit cards for people. Now I must deal with a closed account on my credit report. If I wanted a credit card from Wachovia, I would have applied for one!!! All I wanted was a checking account. K philadelphia, PennsylvaniaU.S.A.
Entity: St Albemarle, North Carolina
80, Report #293510
Dec 21 2007
12:48 AM
Wachovia Bank Wachovia told me it was my fault for incurring fees the day after they admit it was theirs Decatur Alabama
I have a few issues that have occurred in the last month with Wachovia Bank. Strangely enough, it all started on a very good note. Two months ago when an online provider tried to put through a legitimate charge (admittedly a few days earlier than they always have before and I always make sure there is money in my account to cover it), the bank did not cover the cost because there was not enough money in my account. Good for Wachovia! Thank you! I called that particular merchant that I use, let them know my paycheck should be posted to my account the next morning (it was deposited that day of the charge but the money never shows in my account until 4am the next day) and the woman there said no problem, just go online when the money is in my account and I can pay it manually then. No problem. Worked out just fine. Then something strange happened. I noticed the next month that a few hours after making an online purchase I had a negative balance. So I looked at the pending file and saw that it was an online purchase I had made a few hours earlier in the evening that had put me in the negative, it was the only thing in the pending file. So I went back to my account activity page I saw that the same vendor from the month before ran their charge again a few days early which I was not expecting and that is what put me in the negative, and I verified that my other purchases had posted since I did not see them in the pending file. I had $53.82 showing as my available balance and $78.50 in check card holds for a negative balance of -$24.68. No problem. I legitimately owe wachovia a $35 charge for being overdrawn with that online purchase. My fault 100%. The next morning when I looked however, two purchases that had shown as posted the night before and not having any fees attached, were now showing with a $70.00 od/uff charge above them! That $70.00 fee was not there at 9pm the night before. So my account went from being -$24.68 (without the $35 showing yet) to to -$94.68 (still without the $35 fee showing yet). Now I admit I did not fight them on it. I have always believed that banks tend to use mystery math/quantum physics timing systems when it comes to explaining things anyway and there was no way I was going to be able to prove what I had seen so fighting it would cost me in tylenol and excedrine more than the $70.00 taken from my account. So I let it go thinking it will not happen again. Wrong. This month I made three purchases on the 13th. Those three, and another purchase from the 12th posted on the 14th leaving me with only $6.12 as my posted balance and my available balance. Later that day a $10.00 charge went through my account (a regularly occuring monthly bill that I forgot about. yes. forgot. this holiday month madness seems to have turned me into a ditz for some things) but before I remembered about that charge, I purchased something else for what I thought was $6.00 (my mistaken math and forgetful brain would put my balance at $0.12) but it was actually $7.00 which put me overdrawn even more. Again, I freely admit that I owe the $35.00 for the $10 charge, and another $35.00 for the $7.00 charge. My bad, my mistake. A few days later I remembered the $10.00 and when I went online I saw the mess and was almost overwhelmed until I noticed a $105.00 od/uf fee also posted on the 14th. This got me to thinking. I have noticed in the past that my check card holds leave the holding pen and go to posted around 4am central time (same time my paychecks appear online). My $10 recurring fee gets run by the merchant between 5am and 10am central time. AFTER my pending items have posted. So why if that $10.00 and $7.00 was the only thing in my pending account, and the posted items listed for 12/14 had already posted, did I have a $105.00 od/uf fee? Three $35.00 fees lumped together separate of the two individually listed od/uf fees showing above the $10.00 and the $7.00. So at that new point my account showed a negative balance of -$185.88 as of 12/17. I was angry, but I admit I owe the bank a chunk of change, but not that $105.00. Ok. But is that enough? No. Throw on some insult to injury. My account is showing as overdrawn -$185.88 (in pending and posted where ever you want to look my available balance and my posted balance are both in the negative) when the merchant that I use that has changed charge dates on me in the past decided to charge me $100.12 on the 17th as well! And wachovia covered it! Why???? When my account is almost in the negative 200 why would they cover it?? Why did they not reject it like they did the first time when I had some money in my account, just not enough to cover the whole thing? So at that point, right before I need to get some sleep, my account is showing at -$286.00. Sweet dreams to me the week before xmas! I decide to call the bank first thing in the morning (well, not first thing, they don't open till 9am!) The next morning when I wake up my paycheck shows as having posted into the bank. Only there is a problem there as well. My check was short paid to me at only $182.50, not enough to cover the entire -$286.00 showing. I call my boss, he said he would deposit the rest the next day. The rest of my paycheck does not make a difference in the fact that I became overdrawn. I am not disputing the fact that I do owe overdraft fees. My problem is with the $105.00 that have been charged on charges that had already posted before my account became overdrawn. I call the bank the next afternoon (after spending hours trying to make sense of the whole thing) and after being put on hold (no music, no stupid voice thanking my for calling wachovia) for 30 min I finally get to talk to someone. I tell her I have a few issues and that I will start with the oldest one. She refunds the $70.00 from 11/28 after I vigorously point out how it is their error so they are stealing my money. She did not agree it was their error, but did give me the balogna excuse about how I was a good customer and had never had a refund before blah blah blah. I agree I owe the $35 from the online purchase on 11/28, I am not disputing that one. Ok. Issue finished, on with the next. For whatever reason she was not at first willing to listen to what I was saying about the time that the three purchases posted creating the $105.00 charge in comparison to when the $10.00 charge when through on the same day. By her own admission she stated clearly that the software posts the batches that have run at 12midnight on the date showing on the account activity page. So by her own admission that $105.00 is a bank error charge. Finally she tells me that it is a bank error, and that she will have to call (who knows who) to get it cleared up, she gets my number, and tells me she will call me back. Ha! I did not leave the house and that phone did not ring. So I called her back today and she said she needs to call the head office and she will call me back in five min. Ok. Two minutes later she did call me back. Hmmm. Do you think that was enough time to get ahold of someone on the phone, discuss an issue, tell them how you had seen with your own eyes that it was a bank error? I don't think so either. The only she said to me after I answered the phone was that the fee was incurred because those items were in the holding account when the 10 charge when through. What???? After she admitted the day before that it was a bank error once she looked up times, not just the dates, of the transactions, she has now changed her tune in less than two minutes. I knew at that point that her only use to me from that point on would be as a road blog, so I asked to talk to her boss. She gave me the name and number of her regional manager in Florence Alabama. The woman at my local bank that I had been speaking with transfered me to her and surprise. . . voicemail. I left a message at around 4pm my time but did not receive a call back today. Her voice mail greeting did give her cell number and I will try that number if I cannot get her on the other number tomorrow. After all I have been through in the last few days I feel so overwhelmed. I honestly feel that the bank is making me pay more than just the $35 that you agree to when you sign on the line for your account, that they are deliberately lying and altering dates for the sole reason that I did make a mistake, I do already owe them money, but that they are compounding it through false means to make it even worse because how can I fight them? They know I can't take them to court. They know I can't bring in documents showing exactly what I saw on my computer on specific dates and times. They make the rules yes, but they also hold all the pieces and they can work them to benefit themselves. I feel that they count on me as an individual being so embarassed, as I am, that I did make mistakes, that I will not push to rectify the situation. The worst part? It is done with such an attitude of indifference except when they are telling you it is all your fault. I admit I made mistakes that should cost me money, but why is wachovia allowed free reign to make my punishment past the $35.00 per overdraft even worse? I am very emotional over this issue and I apologize now for my long post. Crystal Decatur, AlabamaU.S.A. Click here to read other Rip Off Reports on Wachovia Bank
Entity: Decatur, Alabama
81, Report #254303
Jun 13 2007
04:46 PM
Pleasefor all those having business accounts please be careful with wachovia. They have funny charges and fees. We had a returned check from one of our customers and the customer had 14 days to pay the returned check amount and the fee. But Wachovia decides to freeze our 4 accounts that we have with them cause of this one check that messed up one account. We could not transfer funds to cover that account online only throught the bank and with cash only. We could use the funds we already have in the other account to purchase inventory or use our check cards.They are very inconsiderable. Even though only one account had a problem which was not our fault we have to suffer with no accounts till we pay them which will be after 2 weeks when the customer pays us . I still have my other business account with Bank of america. Had no problems at all! George COLUMBIA, South CarolinaU.S.A.
Entity: COLUMBIA, South Carolina
82, Report #62002
Jun 26 2003
09:11 PM
First Union National Bank / Wachovia Corporation Mistreated and ripped off: The business that doesnt give a d**n National
My husband, who has worked all of his life, recently became disabled. We have had a difficult road, and he fights daily to recover from a devastating illness. Of course, we suffered financially when this happened, and it became difficult to pay our bills. We had two outstanding loans with First Union National Bank/Wachovia: One was a personal loan, and one is a second mortgage. We fell behind on the first loan, and although they did not hold title on our car, through there clout they were able to get the state of Florida to just Put them on as the new title holder Then they repossessed the car. Of course, they sold the car: But said we owed them more money, including attorneys fees. We had begun filing Chapter 7 Bankruptcy, when much to our surprise, FU/Wachovia reached into our Social Security Benefit account, without benefit of a court ordered judgment and stole $1595.00 (SSD Benefits are protected, and are supposed to be assessed only by the IRS/Federal Government in order to collect a debt) Their reasoning for reaching into an account supposedly protected from general indebtedness? It was because, as they say, their cashier processed the deposit incorrectly, did not process it as checks, but processed it as 'cash,' so that means it is not protected We are still jumping through hoops to get this money back: which we desperately need to pay our mortgage so that we do not lose our house. This Albatross Corporation thinks they are above every law in this country, and guess what, they get away with it: They also have no respect for decent moral law, as their fellow man is a slave to exploit, procured for use by their precious Money Master. I know this, because I have many other unbelievable dealings with this mammoth den of materialism; and will post more later. First Union/Wachovia would lie, steal, cheat, and sell their collective mothers if it made them one dime: They are users and abusers of people. It will be the sight of their own evil reflection which will bring an end to their corporate reign: Savor the thought! Carrick Jacksonville, FloridaU.S.A.
Entity: Jacksonville, Florida
83, Report #211819
Sep 19 2006
04:41 PM
Wachovia Bank ripoff charged fraudulent overdraft charges 2 at 35 dollars each!! Virginia Beach Virginia
I had a low but positive balance and I made a cash deposit that morning to cover all debits that were to come in and was chargede 2 35 dollar insufficient funds charges!!!! Also I was charged last month 2 times for the same check!!!!!! John Virginia Beach, VirginiaU.S.A.
Entity: Virginia Beach, Virginia
84, Report #692190
Feb 07 2011
09:56 PM
Wachovia Mortgage Wells Fargo Bank Lies, Thieves, Incompetence, Dishonesty- Under Federal Investigation- Borrowers Beware!!!! San Antonio, Texas
Borrowers Beware of the bullying and dishonesty. According to Wachovia Mortgage I was behind by a payment on my mortgage.  When I mailed my monthly payment they had the nerve to return it along with a letter that stated my payment was received during the initiation of a foreclosure action.  Really!!!  Ok, let me understand- they don't want to accept my check which would further my delinquency of my account.  How much sense does that make???  Then, if you call them-- good luck!!  Any attorney interested in this one please feel free to contact me.
Entity: San Antonio, Texas
85, Report #450721
May 11 2009
01:08 PM
Wachovia Dealer Services, Wachovia Bank Reneg, lie, illegally tape phone calls, harrass, ignore FTC, do not send IRS Interest paid - Federal law violations Irvine, CaIrvine California
Wachovia Dealer Services has been harrassing and breaking the law some time. Let's bad together and file a Class Action lawsuit. I have filed with the Attorney General, I suggest everyone else do as well. For me, they threatened me with jail, they called before 8am, then they taped my calls without my knowledge or consent. They made a deal and after I paid they reneged. They did not send the IRS Interest paid form as erquired by Federal law holding it ransom - never did get it! They have called family and friends claiming to be investigating us for soemthing t repossess the vehicle and taping their calls without their knowledge or permission. And the list goes on.... So, let's ban together............... Cynthia c Pleasanton, CaliforniaU.S.A.
Entity: Irvine, California
86, Report #339966
Jun 13 2008
10:23 AM
Wachovia Bank Wachovia experiences massive safety deposit box theft in Bethesda MD
I need some help responding to what may be the biggest bank theft in US history. In March 2007, Wachovia drilled my safety deposit box located in its branch on 7901 Wisconsin Ave, Bethesda, MD. The loss was incredible. Worse, about 100 other customers suffered the same fate. The total loss? My ball park estimate: About $50,000,000 (million) stolen. This loss would be about 10 X the size of the previous largest theft in US history. But even if I am wrong by a factor of 10, it would still be the largest theft in US history. Why did Wachovia drill my box? Was my rent unpaid? No. What Wachovia said was they did not know who owned the box(!) Apparently they knew when they billed me for the rent but forgot sometime after that. Interestingly, when Wachovia inventoried the contents, my name was on the inventory X 4. Presumably, they forgot who rented the box after they wrote that information down X 4. When I came to the bank to sign the log, I discovered that Wachovia had no record of that box or my card in their sign in log. They tried to convince me that I was confused and must have that box at another branch. Then I discovered that my card in the required sign in file mysteriously disappeared, and I am guessing that the same thing probably happened to 100 other customers. After a lengthy search, Wachovia discovered that my box had been drilled, inventoried, the contents dumped into clear plastic bags and piled into a corner of the basement along with what had been contained in 100 other bank boxes. How do I know that a theft had occurred? What Wachovia put on their inventory did not correspond with what was in the plastic bags on which the inventory was stapled. The contents evaporated after the inventory! Put in simple English, I would surmise that all the 100 boxes, more or less, were drilled and looted. Except for some papers and low value whatnot that the thieves did not want. Despite my name being prominently written by Wachovia on two plastic bags that held the last vestiges of my possessions, and despite the fact that my name was also written prominently on 4 pages of inventory done by Wachovia, the bank claimed they had no idea who had rented the box and therefore could not contact me despite their best efforts. But they declined to elaborate on what they did. Nor, by the way, did they contact me after the unannounced and unauthorized drill when they clearly knew my name. I discovered the theft approximately 11 months after my box was drilled. Just by coincidence, the other 100 box drill victims had not come in to check their boxes during the intervening 11 months. I happened to be the first. And so I need your help. Do you know anyone who has a safety deposit box at 7901 Wisconsin Ave, Bethesda, MD? Would you contact them and urge them to check their box? Do YOU have a safety deposit box with Wachovia? When is the last time you checked your box? This may be part of a more general trend with Wachovialoss of records and unauthorized drilling. Do any of you have contacts in the FBI or the Comptroller of the Currency or the Wall Street Journal who might be interested in this case? My inference at this point is that there was an inside bank robbery at Wachovia which they appear to be covering up. But perhaps there is something even more sinister. In the interim, I would humbly suggest that you check your safety deposit box...if you still have one...and anything left in it. A R xxxxx Chevy Chase, MarylandU.S.A. CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
Entity: Chevy Chase, Nationwide
87, Report #548636
Jan 02 2010
10:42 PM
Wachovia Bank N.A. Wells Cargo Bank Bank Fraud in NSF Fees and Online Checking Accounts- Venice, Florida
Class Action Attorneys Please Call!!!  This is the third time Wachovia Bank has stolen money from our personal checking account by using timed withdrawals and incorrect data shown on our online checking account. The first time this happened we complained and the fees were removed. The second time it happened, it took a call to the bank manager to get the fees removed. She enlightended us by telling us that this was happening to other customers and it must be a glitch in the system. This is now the third time this odd event has occured and we are furious as to how the OCC and all the hardworking account holders would allow this to continue rampadly. Here is the short story- we have three checking accounts with Wachovia (business and personal) when our personal gets a low balance we transfer money from one account to the next. What is taking place is that they bank is holding the transfer, even though it is showing it has been debited from the other account and is posted to the low balance account, just long enough for a few small charges to go through to allow them to create a insuffiecient fund fee. This time it was $175.00 Our check book was balanced, our online account was showing realtime what was available, we made the transfer of funds, it showed it was in the other account- THEN BOOM, insufficent funds. We have an oline print out showing the balance of over $350 when the so called account was insufficent. IT IS ILLEGAL..I KNOW IT. IF there are any good, hungry attorneys out there, please put my name on a class action lawsuit. I have the documents to prove thier misshandling of our funds in a way to create proifts. Shame on the greedy who pray on hardworking, honest families. And don't give me a rebutal of oh you should have more money in your account , we just ran over $150,000 through Wachovia business accounts in the last 6 months. We are filing a formal complaint with the Comptroller of Currency today and will put this matter on record. Please do the same so the case can build.               Office of the Comptroller of the Currency Customer Assistance Group 1301 McKinney Street, Suite 3450 Houston, TX 77010-9050 1-713-336-4301 (Fax)
Entity: Venice, Florida
88, Report #331037
May 07 2008
03:50 AM
Wachovia Banks excessive overdraft charges-\cutoff off time on cash deposit-wachovia checks-other bank will post cash till closing Palm Bay Florida
i use a atm at racetrack gambling-took 700 out of bank-made sure it was debit transaction each time-charge me 385 in overdraft charges-put cash in bank at 4.05pm-posted that night-sat morning showed i had balance of 8.08 dollars-sat night hit by overdrafts went negative balance of (400.00)-there is no cutoff time for overdraft charges is what they said to me. but there is a 2pm cutoff time for cash or check-cash still has to be processed-bank of america said immediately -suntrust the same- went and sent e mail 10- times to no avail-went in person-why was i able to draw cash out of bank money i did not have-then hit with 35.00 overdraft on each withdrawal. they also said i could not draw negative atm cash-at least not over 100.00 dollars Ernest palm bay, FloridaU.S.A.
Entity: Palm Bay, Florida
89, Report #302144
Jan 21 2008
05:00 PM
Wachovia Securities Aka Wachovia Bank Incompetent/non-existent advice on NYSE trading restrictions; false statements of broker and manager; unilateral busting of trades without explanation Indian Wells California
I was recently declared to be a patterned day trader per NYSE trading rules. This is not my problem. I trade almost entirely on-line through Wachovia's 'service'. Although I trade every day, generated sometimes more than a dozen trades, I imagine my broker received very little of it and was ultimately not interested in my account or too distracted by the market's recent gyrations in light of the extremely shallow investment advice it provides the elderly (i.e., the meltdown of the financials), and so when he informed me that trading restrictions had been imposed on my brokerage account, he could tell me how to apply them or even what they were. All he could say is in 20 years I've never seen someone trade as actively as you. These rules are very complicated. After several weeks and numerous requests for some guidelines, I received no specific information. Consequently, I placed a short trade about 10 days ago that netted me an $18,000 profit. Two days later I was informed the trade violated the rules which no one could, or had bothered to try to, explain to me. Wachovia unilaterally swept the money out of my account. They refuse to tell me how much they took. I have asked where I can find the amounts of brokerage commissions they have charged over the past year on my on-line account, but that request has been utterly ignored. To add insult to injury, after I fired off a couple of snippy pissed off emails, the broker responded by claiming he had told me what the rules were over a dozen times. This is an outright lie; he never told me once, nor could he. Then, following a vanilla call about 2 weeks ago from the branch manager asking me if there was anything he could do for me, and my responding that I was unhappy with the broker, and that no one seemed able to interpret the NYSE rules for me, and during which I advised I was moving over to Fidelity, the branch manager wrote me a letter I received Friday stating that he had gone over these restrictions with me, with is an ABSOLUTE LIE. The letter made it very plain that Wachovia would like me to take my accounts elsewhere. Interestingly, I spoke to this same manager last Friday before I returned to my office and found his (undated) 'confirmation' [fabrication] letter, when he asked not to contact the NASD until 'up north' responded to my complaints. Since I am a day trader, and evidently therefor a scoundrel of some unknown sort, I don't take losses hard but instead move on the next trade. For me, this is not about the $18,000 busted trade, but about Wachovia's utter dishonesty. I have sent them elderly clients and friends in the past, and now recognize what a disservice I might have done. Twarnold palm Springs, CaliforniaU.S.A.
Entity: Indian Wells, California
90, Report #519856
Nov 05 2009
04:57 AM
All The Big Banks: Bank Of America, Citibank, JPMorgan, Wachovia Bank of America Scammed me! Internet
I had sufficient funds to pay my bills, and Bank of America charged me 4 times for over draft. Stating I had a negative balance. I went spoke with them about it and they told me that it was not the Bank's error and they will not refund me for the charges. They directed me to call they 1-800 number and speak with a supervisor. Conveniently, None were available. I get a strong feeling that they will continue to tell me that it was not their problem and never refund me. So beware of Bank of America's over drafting scam.  
Entity: , Internet
91, Report #455192
May 25 2009
08:06 PM
Wachovia Bank would not release funds from my bank account after after they gave me my available balance showing funds available, which ruin are vacation. Dallas Georgia
Wachovia to cash check for purchase RV and vaction. Tax Refunds where deposit into account of $11,000+. Two cashier checks had 7 day hold put on them and was posted to be available 05/26/09 . Went in bank and ask for my available balance banker gave a me statement that said available balance of 12,019.85. Told her that I wanted cash a check of 11,000 after 20 minutes they declined the check. After speaking to manager and sharing this with rest of people in line to get their money they finally released $4999.00. I told manager that I will file police report too. I checked bank account 2 days later wachovia put a second hold on funds. I never got a staight answer to why I could not get my money. This ruined my family vaction this weakend, I purchased a RV 05/26/09, and where going to take it on road trip this weakend. I will also being fileing law suit againts bank at this time too. Wesley Dallas, GeorgiaU.S.A.
Entity: Dallas, Georgia
92, Report #315371
Mar 06 2008
02:21 PM
On January 19 2008 the bank charged my account $490.00 in overdraft fees but I had more than enough funds to cover the transactions. As I found out what had happened I contacted the bank several times by phone and in person at a couple of local branches. Every person I spoke to said the same thing: the best we can do is give youa a courtesy refund of $150.00. Which I did not accept as I dont need their courtesy. They have to accept their wrong doing, offer their appology and give me back my money in full. It gets even better. At one of the branches I visited, particularly the one located at the corner of Airport Pulling Road and Radio Rd in Naples Florida, I was talking to the branch manager about the problem when suddenly she rudely ordered me to leave the branch and threatened me in calling the police. Unbeleivable!!! I bank with Wachovia since late 2004 but had my account innactive the past year and a half or so and had forgotten the reason that made me do so. In a letter I received last December the bank gave me until February 2008 to start using my account or otherwise close it. So I started using my account as of January 2008. Thinking about what has happened I remebered that what motivated my innactivity with the bank was that I had been hit by these charges many other times and was so upset about it I decided not use my account and close it. As it happens, time went by and I did not do so. If I go back to my statements I am positive will find over $500.00 more in these absurd charges; which means I will be close to $1,000.00 altogether. Now that I see how many people are in the same situation I can imagine how much money the bank is making this way. Not a good clean way to make money in my humble opinion. Now, imagine one million people been charged $1,000.00 each year. Wow!!!. This has to stop right now!!!!! I have spoken with an attorney about it and have been told that if I can find other people with the same problem and willing to be part of a class law suit against the bank, we will have a good solid case. So to all current and previous bank customers who feel they have been wrongfully charged overdraft fees and have real proof of it, please contact me as soon as possible we might be able to not only get our money back, but to have the bank fined as well. Most importantly we will stop this abuse. Rick from naples, florida Naples, FloridaU.S.A.
Entity: CHARLOTTE, North Carolina
93, Report #269341
Aug 22 2007
06:54 AM
Wachovia Bank speculative fees Sarasota Florida *EDitor's Suggestions on how to get your money back into your bank account!
First off, I do agree in principle with the know your balance advocates. That said, any intelligent observer can see the hammerlock the big institutions have on rule writing through the legislatures and comptroller of the currency. It's a water-tight, my-way-or-the-highway scenario. My grievance has to do with the extortionate theft of $490 from my checking account. I did know my balance. It was enough to pay all of the outstanding items I had authorized, as they were presented for payment in the daily clearing process. This included a phantom item for an annual subscription which I had stupidly paid a year ago with the Visa check card, not noting the fine print for an automatic renewal this year. This brings up a point which I have not seen discussed in the hundreds of related posts in this and other complaint forums. I apologize for being long-winded, but, the self-serving bank settlement manipulation goes even deeper than most people realize. In the old days, when a paper check was issued, that item made it's way back to the payer's bank through a constantly evolving system of physical transport of that paper from hand to hand. Banks and the federal reserve operate a network of clearing facilities which add and subtract deposits and checks each night. This physical handling and cross-country transport added cost to the banks' account, in the sense that they could not invest this float for their own benefit. The issued but not yet settled items represented potential earning power for the customer's account, not for the banks. When the check arrived at the issuing bank's home clearinghouse, the order of settlement would be: balance, plus deposits, minus checks, minus fees equals new balance. Long story short, with the advent of massive computing power, new electronically logged transactions and a subservient rule making apparatus, the banks have managed to turn the clearing process on it's head, to their sole advantage. The new clearing sequence is now: balance, minus fees, minus checks and electronic items, plus deposits equals new balance. Be aware: when you authorize a purchase with your Visa checkcard, that amount becomes encumbered/sequestered/appropriated. You no longer have the benefit of use of that amount in your account. It may still show in the balance, but the extortionists have declared that amount to be available in the bank's investable funds. The ownership of the float now goes to the bank. The exquisite irony of this change rests in the fact that many of these electronic items still are not immediately presented for payment in the clearing process. You may buy something from a vendor on the 1st of the month. The item may not be presented for payment until a few days later. Even though your balance may be sufficient to cover the item when it is presented for payment, if it wasn't covered when the charge was authorized, an overdraft fee is charged to your account. Be aware: Again, the overdraft fees are applied first in the clearing sequence. Even if you made a deposit that day, and the deposit would have been sufficient to cover the paid items and fee, the fee takes precedence and causes the overdraft. Net effect, banks are allowed, by law, to prospectively and speculatively apply fees to your account. The fact that fees are applied when the phantom charge appears, not when the actual item is presented for payment, represents a massive shift of advantage to the banks. This is the gist of my specific complaint. My account was charged $245 on two successive days even though the balance was enough to pay all the items presented for payment, ON THE DAY THEY WERE PRESENTED. The overdraft fees caused the carnage by sucking out all of the available funds before paying the items and before applying deposits. The branch manager told me she could not do anything about this as their authority to refund fees was curtailed. Why? Because they had been refunding too much! I asked her to please request to a higher authority on my behalf. No response was forthcoming. A note to their Overdraft Resolution Team did not elicit a response. A second, delivery confirmed note to the ORT and branch manager went unanswered. I filed a complaint with the Better Business Bureau. No reponse yet. The whole thing galls me. Caveat Emptor. Ralph Sarasota, FloridaU.S.A. Click here to read other Rip Off Reports on Wachovia Bank EDitor's Suggestions on how to get your money back! HERE IS WHAT RIP-OFF REPORT SUGGESTS YOU DO: Go to your bank within 60 days of the charge, or as soon as you know about the charge, don't delay, and tell them that there has been fraudulent activity within your account. Explain that you wish to file a dispute, and demand that they assist you in accordance with Federal Regulation E. According to the majority of victims interviewed by Rip-off Report, those who immediately called their banks to dispute the charges did not get very far. Many victims got the following responses from their banks: we could not do anything for you or you waited too long; it has been more than 60 days. If the bank is says that you have waited too long, explain to them how you called their 800 number as soon as the charges were found, and were told by the bank that nothing could be done. Remind the bank that they failed to assist you properly at the 800 #, and instead, provided you with an inadequate explanation of your right to dispute. Tell the bank that it's their fault time has expired, and since they gave you the wrong info to begin with, they will just have to deal with it, take the loss and reverse the charges. Tell them the truth; this was unauthorized and your account was NOT to be charged! Keep emphasizing how you never authorized anything! Direct them to the hundreds of victims reports that were filed on Rip-off Report.com. And if you're at the bank, walk them over to their computer and make them go to this site! If you are on the phone with them, tell them you will wait while they access this site! Either way, be persistent! DO NOT TAKE NO FOR AN ANSWER! Let them know nicely, that you were advised to Report them (the Bank) and this situation to the Banking Commission in your state. Since each state has a different name for the agency/controller over banks, find that name before you call or get to the bank so you can throw it in their face. The more knowledgeable you appear to be, the further you will get. And just continue to demand the Federal Regulation E form! The bank CAN, MUST and WILL reverse the charge! But, you must be persistent; ask to speak to the supervisor or the area manager for all the branches in the state. Let the bank personnel know you are meeting with the media later in the day, that you would much rather they do the right thing (as most other banks have) by looking at the complaints and immediately reversing the charge(s) to your account; no matter how long ago it was. Be sure to call the Media if necessary so you are telling the truth. If you have to, be loud (but nice) in front of other customers. If you are just calling by phone, the above tactics should still work. The bank can easily fax or mail to you the Federal Regulation E dispute form. CHARGES TO YOUR CREDIT CARD If the charge was to your credit card (not debit card, check card, or checking account), contact the credit card company as soon as possible to request a dispute form. Consumers usually have a little longer to dispute fraudulent credit card charges (up to 6 months), but it is better to act right away. In this type of situation, credit card disputes are usually successful since fraudulent companies often won't contest the disputed charge. In rare cases, credit card companies will review disputes, but refuse to reverse the charges. If this occurs, complain to a manager and let them know you will be filing a report here. Remember Don't let them get away with it! Make sure they make the Rip-off Report .. The more Reports filed on a Company or individual, the more likely it is that the authorities, media and attorneys will want to take action. And good luck Let us know how you do! ED Magedson Founder, Rip-off Report.com & Author of www.ripoffrevenge.com EDitor@RipoffReport.com badbusinessbureau.com www.ripoffreport.com Don't let them get away with it. Make sure they make the Rip-off Report! We are not lawyers. We are not a collection agency. We are Consumer Advocates. ...the victims' advocate WE are Civil and Human Rights Activists We are a Worldwide Consumer Reporting News Agency ...by consumers, for consumers CLICK HERE to read about Credit Card Scams... find out how to get your money back. *Rip-off Report Investigation provides valuable information.
Entity: Sarasota, Florida
94, Report #144685
Jun 01 2005
11:52 AM
Homeq - Wachovia Bank - First Union ripoff Loosing my home due to poor loan servicing North Highlands California
Homeq erroneously foreclosed on my property in 2001-13 months later sale was void. However, late charges, attorney fees, administrative costs and miscellaneous unexplained charges have been accuring on my account ever since. now they have foreclosed again, and the demand amount for right to cure default that they even used to foreclose is ludicris. I have all of my reciepts for payment/cancelled checks, etc for over the last 4 years. Due to the circumstances of the foreclosure (fraudulent loan servicing)we have found a compationate lender that is willing to try to provide funding if Homeq will cooperate and allow us time to complete the paper work. My attorney called thier attorney and the basically refused to negotiate any kind of terms and as much as said they would even let us buy the house back anyway. Well it isnt over yet-I have lots of options, and intend to research everyone of them. They have to be stopped. Cheryl Pacific, MissouriU.S.A.
Entity: North Highlands, California
95, Report #142580
May 13 2005
05:58 AM
WACHOVIA BANK Finally FEED ME TO DEATH! Bogus fees this generates, it boggles the mind! Charlotte North Carolina
Well, they finally did it to me. I am usually VERY careful and don't bounce checks, in fact, I haven't bounced a check in almost 25 years. So, the other day my wife makes some small purchases. We had checked the AVAILABLE BALANCE, not the posted balance, looked for any check card holds, everything is fine. The next day I check my balance and I am -250.00, included is a $120.00 Unavailable Funds Fee. Now, according to my online bank statement, I was perfectly fine until that 120.00 posted. But what I didn't see was an electronic check come in, which according to the bank, came in the previous day and overdrew the account, even though the AVAILABLE BALANCE showed positive. The check in question was supposed to be deposited on May 16, not May 11, (which isn't the bank's fault). What I am pissed about is that there were 4 DEBIT transactions that day. The monies were deducted immediately. Now the bank is saying that the money for DEBIT transactions do not come out right away, they are pending until midnight, then everything is proccessed. So, the aforementioned check is pending as well, sitting in limbo, waiting for the debit transactions to come in. Then, of course, the CHECK IS PROCCESSED first, not leaving enough for the 4 DEBITS that have ALREADY BEEN DEDUCTED from my account. $120.00 Fee BOOM! Those bastards do this to everyone, and if you think of the fees this generates, it boggles the mind. Bob Jacksonville, FloridaU.S.A.
Entity: Charlotte, North Carolina
96, Report #69649
Oct 20 2003
09:21 PM
Wachovia Bank, Dealer Financial Services ripoff - NO MATTER WHEN AND HOW MUCH WE PAY, WE ARE STILL LATE Winterville North Carolina
A '98 GMC Jimmy was purchased in February 2003, financed through Wachovia. The payment for the Jimmyis $312. The first payment was due in March and my fiance paid $326.00. Wachovia did not credit the account until mid April. Another payment was made at the branch. The teller lost one of the money orders. Wachovia called my fiancee. She took the receipt to Wachovia to get the lost money order researched. Needless to say, Wachovia put the $150 in a miscellaneous account, after claiming they knew nothing of the lost money order at the branch. I sent in a payment of $150 to cover the money order. Then two payments were made in May and June 2003, then a payment and a half was made in July 2003. As always, Wachovia would call saying they need this much money and i would send it via my bank electroically just to keep them quiet. Any time a payment was made, my fiancee or i would call and verify the receipt of the payment. We would be told we are caught up and everything is ok, only to be harassed by Wachovia via phone or a letter a few days later. On several ocassions, the Wachovia person..( customer service rep does not fit) she even bad-mouthed my fiancee. Then in August 2003, September 2003, and Ocotber 2003, payments in the amount of $462.00 were made electronically from my bank to Wachovia. They still did not credit the account in a timely manner. Wachovia would wait a week before taking the money out. Therefore, making the payments seem like they were late. In October 2003, my fiancee and i decided to buy a house. Wachovia told the bank handling the house loan that payments have NOT been made. I had to send them a copy of the payment schedule that Wachovia finally sent to me after months of asking for it. I had to explain the situation to the bank. I even sent the bank handling the house loan , a copy of the payment record. I even made a payment to Wachovia last week. Then i found out today, from the bank handling the house, that Wachovia reported that we owe them $460.00. A payment was made last week to Wachovia. According to the payment book, a payment is not due until November 8th, 2003. So i am really upset that they put a blemish on my A1 credit report. And the fact that they flat out lied about being paid when i have receipts showing payments. It bothers me that Wachovia would just lie. The customer service people are rude. They lie as well. They will not admit to being in the wrong. My fiancee and i are trying to seek help legally in dealing with Wachovia. We are to the point of wanting to rid ourselves of the Jimmy at the beginning of the year just so we will not have to deal wtih Wachovia. It is a shame that other businesses will believe Wachovia even with my proof of payments and my credit history. This bank have got to be stopped. It is doing not only us but others wrong. We refuse to let Wachovia win. Harry Wildomar, CaliforniaU.S.A.
Entity: Winterville, North Carolina
97, Report #95326
Jun 17 2004
04:00 PM
HomEq, Wachovia, Bank of New York, Jeffrey Nadel rip-off! North Highland California
misapplication, misappropriation of monthly payments, not credited to account. Forced into Foreclosure then bankruptcy. Fighting to retain my home. I am totally and permanently disabled. Need attorney in Maryland area to represent me on a contingency fee basis. I have been told i have a case for damages. Cyndy hyattsville, MarylandU.S.A.
Entity: North Highland, California
98, Report #463993
Jun 23 2009
12:03 PM
Wachovia Bank NSF Charges Internet
I deposited Cash after hour yesterday around 4:00 P.M. and then I paid one of my bill online using credit/debit card around 5:00 same day. My deposit(even though it is cash) and my payment is in processing status still now. But the Wachovia bank charged me a NFS charge for $ 35.00. I did called the bank this morning, and they said, because I made the deposit after hours, even though it is cash, it was not available right way. I tried to tell them that my payment is still also in processing status. but they keep telling me the same thing over and over. To my knowlage if you deposit cash it is available to you right way. That means one minute you deposit the cash and very next minute if you go to an ATM you should be able to withdraw the whole amount. I used to work in a bank too and also I deal with other bank too. To the other bank cash means cash. It is available to you right way. I really do not understand how this bank makes these rules. I am struggling to keep up with my bills and the bank is taking money away from me? Yes, they gave me a refund of 25% or around $9.00, which is not enough. Now I have to find another $ 20.00 for my next payment somehow. Otherwise my bill is not going to get paid and top of that the bank will charge me another $ 35.00 for going negative or not having enough. Is this a right thing to do with you customer? I have been with this bank for a while. But the funny or sad thing is when you go to open an account they do not tell you all this details. I am not very happy with this situation. Jayati Carlstadt, New JerseyU.S.A.
Entity: Internet
99, Report #573860
Feb 23 2010
03:04 PM
Wachovia Bank manager Brian Gross Fraudulently told me I would receive $25 in sign up bonuses, got me to create business accounts, never gave the bonuses Hightstown, New Jersey
Wachovia manager Brian Gross informed me May 2009 that I would get $25 bonus for each checking account I created at Wachovia.  Brian then encouraged me to create the business bank accounts, claiming I would get the sign up bonuses.I referred my two businesses, each having multiple DBA's and accounts under them.  In the least, I would qualify for $50 (2 x $25).  In the most perhaps more.Months went by and no bonus came, when I inquired Brian said that it would be a gift card and not a check.  More time went by, and again when I inquired where the bonuses were, Brian informed me that it would be sent once I had a set amount of money in the accounts.  So I put money in the accounts.Now one year later, 2010, I am informed that the bonuses are for personal accounts only.Customer Support says there are things the manager can do to get me the gift cards that were once promised, that the manager has ways he can get them.When addressing these issues to the manager today, he did not apologize, nor did he acknowledge the truth of what he had said to me, nor was he willing to contact President's office at Wachovia to have them send me the bonuses he once promised.  Instead he was rather agitated, and ended the phone call so he could take care of more important issues with other customers.Sadly, I have had the same experience with Bank Of America manager Joy Moorer nearly 1 year ago.Watch out for these banks when they say there is a sign up bonus.  So far, 2 for 2 in not coming through on their legal promises.I consider what has happened to be consumer fraud, and false advertisement, done by the bank managers to boost their own quota of new accounts created.Just be cautious, and get something in writing when they offer you sign up bonuses from any bank!
Entity: Hightstown, New Jersey
100, Report #584637
Mar 23 2010
04:05 PM
President Choice Financial Group-Wachovia Bank Scott Browning Notice of Winnings with Check Toronto, Ontario
I recieve a letter today from a group.  The check was a fraudulent check this group published with Wachovia Bank's logo on it. The letter reads as follows: This is to remind you once again that you are one of the winners of the Customers Compensation Draw; Organized for all customers of the major stores in U.S and Canada, e.g. Wal-Mart, Sears, Home Depot, Kohl's, Kmart, etc.  In conjunction with the North American Sweepstakes Association.  We have made several unsuccessful attempts to contact you in order to process your winning. A ticket with the serial No. 8765XX posted in your name drew the lucky winning numbers.  This entitles you to the sum of $50,000 (Fifty Thousand Dollars Only).  This will be delivered to you by FedEx.  Enclosed here is a check of $2980, you are required to use some money from this check to pay for the Government applicable taxes and insurance fees on your winning amounting to $2000 payable either through Western Union. [[Yes, this was the only option on the letter.]] Scott Browning, 234 Church Street, Toronto, Ontario, Canada M5G 2P8 All winnings must be claimed on or before 28th of March 2010, after this date, all unclaimed funds will be returned to the sweepstakes account.  Be sure to mention your Claim # above in all correspondence. And for Security reasons, do NOT disclose your Claim Number to the public, to avoid double claim. You are to contact SPENCER ROSS on +1-905-5983584, as soon as you receive this letter to activate your check and for further instructions Congratulations! Yours truly. Juanita Hawkins, President   [[bar code with number on the side]] I'm sure the trick here is that they get you to get 2000 from your bank account (because the bank doesn't cover a check this size unless you have the funds), send it via Western Union right away, and by the time the check bounces at the bank it will be far too late and you'll not only be down by 2000, but also whatever remains from the fake check. My next step is to call Wachovia and let them know about this scam so they can hopefully warn their customers and all parties concerned.
Entity: Toronto, Ontario

Approximately 74,084 Reports Found

Showing 76-100 | Showing Page 4 of 2,964

NewNew UpdatedUpdated RebutalRebuttal PhotoPhoto
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.