Complaint Review: Wachovia Dormancy - Nationwide
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- Author Confirmed
- Wachovia Dormancy wachovia.com Nationwide U.S.A.
- Phone: 800-9224684
- Web:
- Category: Banks
Wachovia Wachovia Dormancy Inactivity Your Home Town. Nationwide
*Consumer Comment: You Did This To Yourself
*Consumer Comment: Where's the ripoff?
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I opened a personal checking account 3 years ago almost to the day.
I did not want to pay their 5$ check cashing fee.
I withdrew all funds but 1$.
In January they charged the first of three 5$ Dormancy fee's.
Apparently around new years I failed to open and send in a post card to keep my account as "Active Open" this let the 1$ balance checking account slip into Dormancy.
Today I opened a letter from Focus Receivables Management LLC informing me that I owe 54$
When I called Wachovia they informed me that this was my own doing and all I had to do was request the account be closed instead. They also state that "Dormancy fee's" can not be refunded in my state. My only option is to call the debt collector and pay the debt or my credit score will be damaged.
Having no other account then this bogus free personal checking there to cash perhaps 3 checks avoiding 15$ in fee's has now cost me 54$
Long story short: Do not trust the banking industry, they are there to make money.
Don
Boynton Beach, Florida
U.S.A.
This report was posted on Ripoff Report on 07/20/2009 05:18 PM and is a permanent record located here: https://www.ripoffreport.com/reports/wachovia-dormancy/nationwide/wachovia-wachovia-dormancy-inactivity-your-home-town-nationwide-471703. 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
You Did This To Yourself
AUTHOR: Jim - (U.S.A.)
SUBMITTED: Monday, July 20, 2009
This is not a bank issue. If you open an account and leave it dormant for a certain number of years, the account becomes dormant and the money is turned over to the State Controller or Treasurer, depending on the state. This is a statuatory function of the state you're in and the banks have no say over it.
You should have simply closed the account......not a rip off.
#1 Consumer Comment
Where's the ripoff?
AUTHOR: Edgeman - (U.S.A.)
SUBMITTED: Monday, July 20, 2009
You let your account go dormant, thus you were charged the fees that you agreed to when you put your signature on the account agreement. If you didn't want to pay the fees, you could have made some kind of transaction to avoid them. I have heard about a customer at one bank that deposits pocket change in order to keep the account active.
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