Wachovia Securities Closing Account Ripoff Fees Charlotte North Carolina

I recently moved from the Atlanta area to West Virginia. I had several accounts with Wachovia (started with First Union). I had to close the accounts because Wachovia did not have any branches in my area of West Virginia.

Wachovia charge me $75.00 per account to close these accounts. The total charge was $450.00. These accounts included IRA, brokerage, checking and my children's savings accounts.

I was never notified of the charge. In fact, in some cases the charge was hidden and showed up as a difference in the last cash balance on the closing cash balance without an itemized notation on the final statement.

Customer service (what a joke of a name) could care less. Beware this company. They want their fees at all costs and have no scruples once they decide you are not worth doing business with.

John
Morgantown, West Virginia
U.S.A.