Wachovia ripoff overdraft class action Charlotte North Carolina

dear 19 yo wachovia employee:

 

your comment that EVERY BANK DOES IT is false. more and more are starting to practice ethics due to a threat by the federal government to intervene and make banking institutions post items in the order they were received, not from high to low which, really, is what they should have been doing all along.

perhaps you should be the one to grow up, stop being so naive, and admit that you work for a company that doesn't care about consumers. wake up. it's not moral or ethical to cheat people that have put a great deal of trust in you. in fact, if not completely, it's borderline illegal.

further, your employer is trying to charge me fees when every charge was paid from the funds in my account. they paid NOTHING (and yes i have paperwork to prove it) but they want me to give them money. i've done that enough and have, indeed, switched to another bank.

now for the civil suit...

i am interested in joining any civil suit against wachovia, as i am about to proceed with my own.

on 12/7 a $6.60 charge came out of this account, leaving me with a balance of 210.26. the next charge is a $280 overdraft fee for that transaction (even though i was left with a positive balance) and six transactions BEFORE that. i have been told that it is because of a hold that was on my account. (this hold was placed 4 days after the initial hold for these seven items, but isn't it funny that this hold got the funds?) this hold dropped off, meaning that the bank never had to pay anything. worse, after the $280 was taken out, the other things posted... things that had been on hold (doesn't this mean that these items had funds allocated to them already?) days and days before this hold that caused the $280 fees. so each item that posted thereafter accrued more fees. the complete amount of fees charged is $490. i am not paying a cent as, when you look at my bank statement (and,yes, my register), it shows that after everything that has come out of my account, and there are no more holds on the account, i should have a positive balance. again the hold that initially caused the $280 never posted to my account. it's gone. i was charged fees in anticipation of a post. how ridiculous and criminal. further, i am told by wachovia that i cannot dispute the hold that caused this because it never posted, but they can charge these fees because there was once a hold. WHAT?!? hello double talk. all math done, and even a rep at a branch agreed, that the only reason my balance is negative is due to fees, that - otherwise - i would have a positive balance. everything i bought, there was money in my account to cover. but, for some reason, they want me to pay them $490 for the hell of it. this is not going to happen. ever.

i am prepared to fight. besides, i have heard that judges are coming out more on the side of consumers these days. since the bank paid nothing, as it was all covered by my funds, i think i have more than a decent chance. at any rate, i am DONE with wachovia. what crooks. i have more complaints regarding them, but this is most current and irksome.

 

this is hard to describe in words, but my current statement makes a lovely diagram to illustrate what criminal minds are running wachovia.

Their policy of paying the highest to lowest regardless of posting time is a "justified" way of charging multiple fees.

12/08/2009 Deposit -                                 $843.39

12/07/2009 OVERDRAFT FEE- $105.00

(3 TRANSACTION AT $35.00)               ($119.61)

12/07/2009 Purchase 12/04

$1.07                      ($14.61)

12/07/2009 Purchase 12/05 $8.06                      

($13.54)

12/07/2009 Purchase 12/05 $9.97                       ($5.48)

12/07/2009 Purchase 12/04 $10.00                       $4.49

12/07/2009 Purchase 12/04 $19.55                      $14.49

12/07/2009 Purchase 12/04 $25.55                       $34.04

12/07/2009 Purchase 12/04 $32.00                       $59.59

12/07/2009 Purchase 12/05 $53.05                      $91.59

12/07/2009 Purchase 12/03                               $60.00

The 2 purchases for $8.06 & $9.97 were made at 12:30 pm on 12/5/09, the purchase of $1.07 was made on 12/4/09. The purchase that was responsible for the overdrawn was for $59.59 made at 6:35 on 12/5/09. There was a credit to post on 12/4/09 but was not posted until today 12/08/09.

How do I sign-up or who do I contact?

I went to the site where the lawyers are doing the class action lawsuit and signed up for it, I suggest every hard working American do the same thing. I am a small business owner and got laughed out the door for asking for a flex line of credit to protect my account from overdrafting. They didnt have any problems taking our hard earned tax paying dollars to bail their asses out, but when it comes time to bail out small business' or even the hard working consumer they laugh in our face. I have even emailed the president and said Dear President, Im a small business owner, will you bail me out? Right I will get laughed at just like the banks did to me. We have to do something. I say put all your money in a  not for profit credit union. And let the banks fall on their a*s after they pay back the bail out we gave them, INTEREST FREE BY THE WAY !!! Why did our stupid a*s ex-president bail them out interest free, OMG. Would any of us Americans get away with paying back a loan interest free, I think not.

Please sign this petition to help enact legislation that will stop these banks' extortion. They are robbing their own customers and making billions of dollars doing it.

(((REDACTED)))

 

Thanks,

Brian

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I have an excellent job. My company uses Wachovia for their banking services, so it is encouraged for an employee to use them aswell. I have direct deposit...so they know there is a paycheck every two weeks. I have been very discouraged during these difficult financial times, with wachovia. People have commented that the overdraft charges are the customers fault...I don't think so! For instance, Saturday I purchased 3 things, all of which were covered and paid on my account...on Sunday (I was getting paid on Wednesday) I had an emergency that I needed to debit $50, but I only had $16 left in my account (I know, because I checked my account before I made the emergency purchase). So I was going to suck up the $35 overdraft fee. Instead of just the $35 fee, Wachovia pretended to bounce the 3 things that were purchased & paid for on Saturday @ a tune of $105. I think that this is a RIP OFF!!! I am very angry and want my $105 back! I will be leaving Wachovia on Friday if it's not returned to me. This is not the first time...2 months ago the cable company decided to sign me up for automatic withdrawl (they still deny, but they're out to make a buck aswell)...I only have 1 automatic withdrawl & that's my student loan! They took out the $ on Tuesday & Wachovia decided to bounce everything purchaced from Saturday to Tuesday...which happen to be 6 items (one of which was a $2 cup of coffee). Now you tell me that Wachovia is following it's guidlines. They are going down like everyone else and doing ANYTHING to keep their head above water!

Leigh Ann,

Please contact me in regards to the class action lawsuit. I have spent a week making spreadsheets showing them how their system is fraudulent and how they charged me $280 in NSF fees after giving me a false available account balance. They refuse to credit the total amount but did refund $105 as a bank courtesy. Supposedly the only way that they would credit the total amount is if there was a bank error. Which there is! and my spreadsheets prove it. Not to mention the print outs of my transactions.

Please please please contact me so that we can find an attorney to settle this matter. What is the best way to contact you in regards without displaying my personal info????

Shanee'

 

I have never overdrawn before. However, the economy has really got me where it hurts. I have managed to make it almost 13 months now, with an income that is suffering a $54,000 decrease over these last 13 months.

With that said, my bill-pay account suffered a charge -NSF-. However, all my math adds up in my favor. My ledger in my wallet reflects correctly. The ATM where I made my transfer reflected exactly what was showing in my ledger. Finally, online banking confirmed all the information I had.

But, somehow, Wednesday the September 30th, I awake to this....?!?!?!?!?!?!?

I have yet to speak with anyone/representative/manager/supervisor that can back up the information I am seeing.

Date                Transaction                                           AMt                Balance

09/30/2009    ATM WITHDRAWAL TANNEHILL F/C 09/29      $80.00             $658.06

09/30/2009    ATM WITHDRAWAL AMERICA'S FIRST 09/29   $122.00           $738.06

09/30/2009    Deposit/TRNSFR (Way2Save) 09/29             $40.00             $860.06

09/30/2009    Deposit COUNTER DEP                               $120.00           $820.06

09/30/2009    Deposit COUNTER DEP                               $600.00           $700.06

09/29/2009    Other OVERDRAFT/UNAVAILABLE FUNDS FEE  $70.00            $100.06

09/29/2009    Purchase PURCHASE SHELL 09/28                $5.00              $170.06

 

**The above was slightly modified from it's original format on Wachovia online, so it could be posted with some chance of clarity**

 

Thanks for your time, and "Keep any negative comments to yourself, sense YOU are the only one that wants to hear them"!

My husband is self-employed and gave 10 yrs. of his business banking with wachovia,

They treated him unfairly in overdraft charges, so he left and went to another bank.

I audit his banking account of the 10 years he was with Wachovia and discover they had charge him $40,000.00 on overdraft fees and othe hinded fees.Wachovia has sneaky tactic's that they use on the consumer's checking account.I feel like this is unfair business and trade practice.The banks are making millions of dollars in preying upon the consumer.  This is a evil that needs to be regulated! We want our money back! My husband has a small business and cannot afford this kind of lost

Is their a lawyer out their that wil help us? Or is their a civil suit against Wachovia Bank  for  "overdraft fees"We need to reclaim some of money!

Will someone out there please advise...

My husband is self-employed and gave 10 yrs. of his business banking with wachovia,

They treated him unffairly in overdraft charges, so he left and went to another bank.

I audit his banking account of the 10 years he was with Wachovia and discover they had charge him $40,000.00 on overdraft fees and othe hinded fees.Wachovia has sneaky tactic's that they use on the consumer's checking account.I feel like this is unfair business and trade practice.The banks are making millions of dollars in preying upon the consumer.  This is a evil that needs to be regulated! We want our money back! My husband has a small business and cannot afford this kind of lost

Is their a lawyer out their that wil help us? Or is their a civil suit going on that we can get in  on too?

Will someone out there please advise...

FINALLY!......our elected officials have heard our crys....Bill H.R. 1456 has been proposed to stop the banks from implementing these abusive practice in the way they charge overdraft fees.

Learn more here: (((Redacted)))

 

I've inserted a lot of information on the subject and also the actual videos of the hearing on the H.R. 1456 Bill from the Subcommittee on Financial Institutions and Consumer Credit.

Once a congressman or woman introduces a bill, it is assigned to a committee to conduct public hearings on it. The committee will then prepare a report that will go to the House of Representatives. A vote will be taken. If it passes, it goes to the Senate. Once it passes there, the President will take a look at it and decide whether to pass or veto it. Since the Democrats introduced the bill and there are Ten (10) of them that are sponsoring/co-sponsoring it, and the fact that the Democrats rule the congress and the Whitehouse, the odds are in favor of it passing by next year.

 

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The banks are not out to protect your money. They are not out to help you keep your money any more than any other business is out to help you keep your money. The point of a business is to take money from you. Many businesses do so ethically, by giving you something of value in return. The overdraft protection scheme is not an example of such fairness.

The bank, without asking you, "covers the overdraft for a courtesy fee," then you have just paid $35 for a Snickers bar. How exactly is this protecting your money? How is this in your financial best interest? The simple answer is, it is not. It is funneling your money into the bank's coffers.

It is technically illegal for a bank not to process withdrawals first. But they get around this by having a "2-3 day waiting period" for deposits. Why does this matter? Because of electronic checking. You may not realize it, but when you write a check these days, it doesn't work like it did in the past. The check information is entered into a computer, and is immediately sent to your bank. It doesn't take two or three days for the check to find its way through the bank's "systems" before someone enters the information. By the time you bag your groceries, the bank already has the check in electronic form.

Why does this matter? In the first place, it belies the notion that various transactions come in at different times of day and therefore it's OK that the check you wrote at 9am is processed after the one you wrote at 2pm. In the second, think about what this means. The bank can instantaneously take money out of your account, without running it through a clearing process, but the check that you deposit to the bank, despite being entered into their systems right away, takes "2-3 days to process."

It's frankly a load of bunk. If the bank wanted to it could process the deposit check immediately by electronically sending the check to the bank of whoever wrote it, just like the grocery store does with your check. But, it's not in the bank's best interest to do that, because then your deposit would cover transactions that they could otherwise charge you NSF fees for.

I have posted this info in other ripoff reports as well. The following is contact information for one of our firms that is investigating the means of a class action suit. It won't take much of your time but you may recover some funds and get to zing it to the bank as a bonus..call it a "fee" if you will.

In any case the more publicity regarding the policies and practices these banks are performing to fleece us, the better the chance of laws being put into effect to better protect us..and/or to determine if any laws are currently being violated. Keep in mind this particular suit IS NOT about fighting overdraft fees per say, and not about the amount of "a fee" per say. It is about the banks tactics of charging ADDITIONAL fees which occur as a result of the manipulating or "re-sequencing" of transactions that did have the funds available at the time of transaction.

If you believe you may have been affected and are interested in participating in the investigation, please call 877*800*1450 or email contact@finkelsteinthompson.com.
Finkelstein Thompson LLP is currently investigating claims that several banking institutions are systematically re-sequencing their customer's checking and electronic debit transactions from the highest to lowest dollar amount instead of posting the transactions in the order in which they were actually received.  It is alleged that the practice of re-sequencing electronic debits from largest to smallest maximizes the bank's profits from overdraft fees by putting the customers' accounts into a negative balance as quickly as possible.  Many customers claim they had sufficient funds in their accounts to cover the transactions when they made the purchase and when the bank authorized the charges. 

It is alleged that Wachovia, among other banks, are in violation of 12 U.S.C. 4303(b)(1) for their failure to disclose that the condition precedent of a pre-existing overdraft could cause the assessment of additional overdraft fees.  Instead, the banks have been lying to consumers that the condition precedent was insufficient funds.

  {The true reason why you were assessed the additional overdraft fees that you did NOT cause is because you actually had a pre-existing overdraft in your account that the bank used to manipulate your account to create additional overdraft fees by a creative accounting practice}.

{The bank then falsely accused you of being at fault for the additional overdrafts you didnt cause by lying to you about having insufficient funds in your account.  In fact, without the pre-existing overdraft(s) in your account (condition precedent), it would have been IMPOSSIBLE for the banks creative accounting practice to have assessed additional overdraft fees against you that you did not create}.

{That is why the bank engages in tactics to make you overdraft your account. For example, the bank will not immediately post your correct available balance or the bank will drop a hold on your account to only apply it later to make you believe you have more available funds in your account then you do. The bank will also split two pre-existing overdrafts created on the same date so it can create additional overdraft fees on two different posting dates instead of one}.

Once again if you believe you may have been affected and are interested in participating in the investigation, please call(((Redacted)))

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The same thing just happened to me on the 11th.  They charged me F fees last week & this week for BS.  They say its a part of their policy, but they don't have the policy online for us to view.  You have to get a copy in the branch or you have to pull the paperwork you signed when you opened the account.  They charged me NSF for 53 cents!!!  I would like to be part of the action lawsuit.  Contact me (((Redacted)))!!!!

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read what Wachovia, BofA, Citigroup, Wells Fargo, JP Morgan Chase, Bear Stearns, & others were doing to their current & former employees!

I am just another customer like you. And it makes me sad to hear this has happened to you. What makes me sadder and madder actually is the condescending responses from bank defenders..lets hope they don't do it to you as well...

What I do purpose is a few simple questions. It is open for anyone to answer..or attempt to answer, be it a bank defender, a bank employee, a customer, a neutral observer, or another person who was FLEECED by this or any other bank that practices this way of re-sequencing transactions and charging fees to transactions the occured when the funds were available..

Here are the questions...

1) The bank will typically recommend you use a register..as it is admittedly and (undisputed) said that (even though the bank encouraged us to bank online) that online banking is unreliable. So, by the bank (and bank defenders) telling us it is our fault for the fees, and using a register will prevent OD fees...the bank must "care" about us since they have the "solution". With that said...can the bank survive if not one single customer were to ever over draft again?

2) IF the bank offered the option of "re-sequencing" or not (since it has been stated here many times that the bank sequences highest amount to lowest as a "courtesy" since they care so much about us and don't want us to bounce a mortgage or car payment which typically but not necessarily the assumed largest transactions will be), would the bank be able to survive?

3) If the bank was asked to have our transaction declined if funds were not available, rather then provide this "loan" or whatever you call the funds they use to pay for the OD..since they tell us the funds were not available..hence the avalanche of OD fees...would the bank be able to survive?

I have quite a few more questions..but this will do for now.

Wachovias underhanded banking practices rape the accounts of its most financially strained customers. Honest Americans who work long and hard during these difficult times to provide for their families and sustain their lives are being fleeced by an institution thats ostensibly in the business of helping these same folks save their money.

Wachovia Bank has extorted thousands of dollars from me in the form of NSF fees. I have even been charged $35 because my account was overdrawn by 3 cents! My tax dollars contributed to the staggering $200+ billion dollar bailout that sustained many of these banks. In fact, Wells Fargo & Co. received the largest chunk of the bailout money, and subsequently purchased the struggling Wachovia Bank.

I have encountered an enormous financial hardship this past year, but I have been working diligently to maintain a positive checking account balance. I have been conscientious about my available balance when making purchases and ATM withdrawals, even taking into account the fees associated with using non-Wachovia ATMs. Moreover, I have been taking advantage of the many resources that Wachovia offers its customers to manage and monitor their accounts and account activity (e.g., telephone banking, online banking, etc.).

When I had last checked my checking account activity, online, all transactions for 08/03/2009 had postedthat is, they had changed from pending status to posted status. When I checked my on-line statement today (08/11/2009), I was stunned to discover that all of my previously posted transactions had been rearranged and assessed individual NSF fees.

The problem occurred when Geico submitted a debit for $174.29 to my checking account. The Geico transaction date was 08/01/2009; however, it did not appear on my statement until after all of the 08/03/2009 items had posted. Even though the Geico transaction was applied after all of the 08/03/2009 transactions had posted, Wachovia decided to impose an ex post facto rule to my account. This action retroactively rearranged my items without my knowledge and inserted the Geico debit, leading to a cascade of NSF fees.

Currently, I have NSF fees totaling, $140.00. It is reasonable for Wachovia to impose a single NSF fee for the Geico transaction, especially since it honored the debit; however, the remainder of the fees seems excessive and unfair.

I would love to participate in a class-action lawsuit against Wachovia Bank. It would be a grave injustice if banking institutions like Wachovia could continue to rip-off their own customers with absolute impunity. U.S. banks are expected to make over $38 billion from overdraft fees this year, and its all coming from the pockets of those who can least afford it. Read more: http://www.reuters.com/article/newsOne/idUSTRE5790YM20090810

Apology accepted, I have nothing personal against you other then you feel that any of your points will be taken seriously when you launch personal attacks or criticize the home state of someone that post's about being ripped off by the banks. But you live in a town called "Intercourse". I will say no more about that..couldn't resist although admittedly it was immature of me.

Now to break down your rebut...

"You are blathering on about a class-action lawsuit - much like the whiny people commenting above you have done. Check the dates on those comments, hero. How did those 'class-action' actions turn out?"


I don't believe I was "blathering". Nor do I care about the dates of any other comments regarding other class action suits. The class action suit(s) I am currently working on with a lawyer in my family, others from this site and elsewhere is not related to any other posts here that I know of. I am new to this site, although I won't be coming here too much other then to update about the website under construction regarding the future law suits. I do not like this site because of the personal attacks myself and others go through just because we feel we were ripped off. The only advice given is typically irrelevant to our complaint..the rest is insults, belittling and immature name calling. I don't like to deal with that since this is a serious matter that is causing additional hardships during an economic crisis.


"The reason you are so quick to dismiss the advice provided regarding being careful with your own finances as a means to avoid overdrafts is because that line of thought actually requires (GASP!) RESPONSIBILITY to be assumed on your part. I realize that in your state, spending money that you do not have is a way of life. However, you do not get to disregard LEGAL terms and conditions that YOU signed simply because you believe that it is someone else's job to manage YOUR finances."


^ Now THIS is blathering. I can't stress enough HOW MANY TIMES MYSELF AND OTHERS have CLEARLY stated that we take responsibility for our blunders or poor financial management..and accept an overdraft fee if we overdraft. The issue is NOT that we are against overdraft fees..we are against some of the less then ethical practiced and policies that IF we overdraft..the bank then "re-sequences" transactions which benefits them by resulting in an avalanche of fees for other transactions...which at the TIME of said transactions..the funds were available. The customer in this case did no wrong, other then perhaps not fully understand the terms and agreements until it was too late. And telling us that we need to be financially responsible, and use our registers more accurately..and read the terms and conditions is futile..BECAUSE IT DOES NOTHING TO HELP US RECOVER THE MONIES THAT WE FEEL WERE STOLEN FROM US!!!!!. Not all terms and conditions contracts are legal just because we agreed to it. And laws are generally made when a court decides that something in a contract or agreement was illegal, unethical, or just simply "wrong". And that is what the lawsuits are about, we are not asking for any handouts and this is not about anything other then the banks predatory policies..we want them changed to protect us from getting ripped off. You can't do anything but blame the customer for whatever reason..but others can see through your smoke screen. Yes I agree many of us need to take more responsibility..but don't personally attack me when you have no idea of my situation or who I am..regardless, someone who is careless..or financially irresponsible...or makes a mistake on the register or forgot about a fee, or out of desperation or necessity..none of this makes it right that the bank should be allowed to re-sequence transactions to the point where someones account is wiped out when they need food and to pay bills. If the LAST transaction causes an overdraft..a fee should be applied to that transaction only..and any others that occur thereAFTER, until a deposit is made to cover the account. Is that so UNFAIR???????


"Grow up a bit, Ronny, and graciously accept the advice provided to you in this and several other forums where you have tried to blame everyone but the irresponsible dolts who overdraft their accounts. Perhaps then you will keep more of your money instead of continuing the same pitiful pattern of blaming the bank for every instance where you spend more money than you have available."

Here we go again with the insults. What makes you think I need to grow up? Because I speak my mind..or fight when I feel myself and others were wronged?

I admit there are some things I have learned here..and that is all well and good. But still you completely miss the mark. The issue at hand is NOT THE OVERDRAFT FEE in itself..but the unscrupulous and malicious way the bank targets a specific group so as to manipulate the sequence of transactions to benefit themselves by attaching a fee on to many transactions, that at the time of the transaction had the funds to cover it. But you are not the one I need to explain this to..the courts are..and that IS going to happen regardless of what any of the bank employees and bank defenders on this forum want to believe.

I apologize in advance for the harshness of this rebuttal, but it seems as though you need a rhetorical kick in the pants here, Ronny...

You are blathering on about a class-action lawsuit - much like the whiny people commenting above you have done. Check the dates on those comments, hero. How did those 'class-action' actions turn out?

The reason you are so quick to dismiss the advice provided regarding being careful with your own finances as a means to avoid overdrafts is because that line of thought actually requires (GASP!) RESPONSIBILITY to be assumed on your part. I realize that in your state, spending money that you do not have is a way of life. However, you do not get to disregard LEGAL terms and conditions that YOU signed simply because you believe that it is someone else's job to manage YOUR finances.

Grow up a bit, Ronny, and graciously accept the advice provided to you in this and several other forums where you have tried to blame everyone but the irresponsible dolts who overdraft their accounts. Perhaps then you will keep more of your money instead of continuing the same pitiful pattern of blaming the bank for every instance where you spend more money than you have available.

Once I caught on the the scams...including but not limited to the "re-sequencing scam" probably the one that causes the most hardship, I went to the bank a branch with my Mother (who has a lot more money in the bank then I do, she does not ever have to overdraft) to discuss setting up my account so I can not accidentally or out of necessity ever overdraft again.

Well what happened was everything was fine for a few months when a shady mom and pop rent a car place ran through a deposit that was only supposed to be held. Now thin in itself did not cuase and overdraft and the bank paid it..but a few other purchases went through AFTER the account was overdrawn..and following that the old "re-seqencing scam" went full boat and the "avalanche of fees" poured over my account.

We went back to the branch manager and asked him "what gives now?" he actually did not know and offered to refund a "portion" the fees..but over a 2 month period. So no matter what you do this bank is going to continue it's predatory practices..and continue SPECIFICALLY targeting victims that are living pay check to paycheck during these tough times and when you contact them will most likely say things like "use a register" (like that helps with all the fees they pop on you)..and "it's in the terms and conditions".
Just because something is written in a terms and conditions contract DOES NOT NECESSARILY MAKE IT LEGAL, ethical or right. So on ward with the class actions..I will be forwarding info on a good one coming up..we are going to get EVERY d**n PENNY these banks have fleeced from us back..

Hello my name is K. Fulmer. My husband and I have had several incidents similar to your own. Please contact me at my e-mail address. I loved banking with this bank when it was South Trust and now that is has switched to Wachovia and now Wells Fargo we have had multiple problems and never seem to get straight answers from any employee as to why we were charged "x" charge when the money was clearly in the bank. It is a never ending nightmare.

K.Fulmer

In days gone by, if someone did not have enough money to say pay the rent, they would be kicked out that day. Banks thinking for them the cheaper the better, so instead of paying off the highest Overdraft amount; they will pay off the highest check right off the top. Then the little ones.
Bank Of America does this, for two reasons. To keep their costs down and to make money on overdrafts.

If you can balance your checkbook, check weekly or even daily.Check with a bank that uses daily dates instead of Business days only.

Living in New Jersey, I use Hudson City Savings Bank and if I deposit money on a Saturday, the money posts that DAY! I put money in after 3 PM at Bank of America I might have to wait until Tuesday for the money to be posted.

Also watch out for holds from companies other then your bank. Ask for a fill at a gas station they can place a hold for around $50. (WAWA charges only a $1.00 hold when using your credit or debit card) Hotels can place on your card for around $100 to $300 depending on the card Credit/debit.

When at a gas pump tell how much you are willing to spend and they will set it for that amount and would be taken out within 24 hours. Fill-up because the system does not know how much they have to place a small hold and you do not know that amount and you still would believe that you have money in your account.

So use your savings accounts for your overdraft protection and you can be only charged between $10 to $20. And you can also ask them to take the fee from the savings account directly. So your checking account will be protected.

I, too, am a "victim" of Wachovia and Wachovia Dealer Svcs. However, it is not for overdraft fees, it is concerning their illegal repossession of two of my vehicles. I have already filed a report on this site concerning this matter. I must make a few comments here, though. First, if Wachovia is actually ripping people off with NSF fees, etc., I also suggest (as do others who filed rebuttals), that you contact the appropriate banking or other "governing" agencies who preside over lenders. Another person suggested the FTC, your own state's regulatory agency - and I will add in The Comptroller of Currency, the Better Business Bureau, etc. However, if you are, in actuality, simply making constant errors with your math, this must be addressed. If most of you are as pathetic in math as you are with the written language, this world is doomed. I saw so many grammatical errors, spelling mistakes, punctuation errors, etc., that I am ashamed for you. Our world is falling apart when people cannot even construct a simple sentence correctly!! Now add (no pun intended) to that problem that it seems no one can even do simple math, we are a sad, sad nation!! Seriously, people, if you could not graduate grade school at this stage in your life, you should not even be banking!!

for a suit that is. The problem, as you no doubt know, is that it has to be illegal in order to have a case. Since the courts believe the practice is legal, there is no basis for a suit.

I have had the same thing happen to me several times with Wachovia. Sign me up for the class action suit

Jim, your reference to the case of Gutierrez vs Wells Fargo is well taken. I agree that case is completely related to the main point of this report which is posting order, largest amount first.

But that case is unrelated to the previous two posts of myself and Crystal. Crystal 'changed topics' merely to show how sometimes fees can be charged even when there's sufficient funds to pay them. She was simply making a point. In my follow up to Crystal's post, I repeated the same argument. Both of us were discussing the infamous Unvailable Funds Fee, which again is unrelated to the main topic of the OP here. So my argument about the legal question was 'limited' to Unavailable Funds Fees, not posting order.

With that clarification, Gutierrez vs Wells Fargo in no way addresses the issue of Unavailable Funds Fee. So my insuation and accusation still stands. To this day, there has been no case ruled in favor of the bank that specifically addresses Unavailable Funds Fees. In my opinion the first case of this nature will be an open and shut case in favor of the customer as I repeat my still unanswered legal and logic question:

You SWIPE your card at Arby's on the 12th. After this card swipe your Available Balance is still POSITIVE and that money has been HELD and SET ASIDE, waiting for Arby's to come get it. Two days later on the 14th Arby's submits the request for payment and the transaction is POSTED, while the funds were STILL ON HOLD.

But when the Arby's transaction posts on the 14th it's still charged a fee, even though the funds were supposedly sitting there on hold for it. That's why they were held. Wachovia's logic for charging the fee is there were not enough funds (Unvavailable Funds) to cover the Arby's transaction, because those funds were on hold for the transactions made AFTER it on the 13th and 14th. How can that be when the Arby's funds were held first?

Although it's unrelated to this OP, this is the legal question that has never been answered on ANY report because it defies logic. This was the point that Crystal was making and which I responded to.

Sorry Edward, but in the most recent court decision of Gutierrez bs Wells Fargo, the court issued a ruling againsr the class and for the bank. The court determined no tricks by the bank AND more importantly, the class failed to prove its members exercised due care in the maintenance of their own accounts. We can all claim tricks and fuzziness, but legally there is no basis for such a claim.

Crystal, your example is spot on. Many are starting to figure out just how this RIPOFF works. The example you gave precisely matches the question I've asked on numerous reports. If you have an Available balance of $50 and you swipe your card at Arby's for $10, this means the Arby's transaction DID NOT overdraw your account, so how can it be charged an OD fee later. The $10 is SAFELY on hold and set aside, waiting for Arby's to come and collect it. As long as they do this within the 2 to 3 day window, before the funds are released back into the pool, there's no reason this transaction should incur an OD fee. That's why the funds were held!!!!

Refer to the REAL LEDGER from ROR Report # 319896. An Arby's transaction was MADE on the 12th and POSTED two days later on the 14th. This means the funds for the Arby's transaction were HELD BEFORE all of the transaction made AFTER it on the 13th and the 14th. If the Available balance is still positive after the Arby's transaction is made on the 12th, this means THAT TRANSACTION did not overdraw the account, and the funds for that transaction are SAFELY on HOLD, waiting for the merchant to come and get it.

If the Merchant submits the payment request the next day, or anytime within the 2-3 day window while the funds are STILL on hold, this means those funds were ALWAYS AVAILABLE to cover this transaction when it posts. THAT'S WHY THEY WERE HELD! Hello? But in ROR Report # 319896 the ledger shows that Wachovia still charged an OD fee for the Arby's transaction. Wachovia's logic is there were not enough funds (Unvavailable Funds) to cover the Arby's transaction, because those funds were on hold for the transactions made AFTER it on the 13th and 14th. How can that be when the Arby's funds were held first?

Hence the common label of DOUBLE FEES mentioned in many Wachovia reports when the customers describe this very clever, yet very predatory ripoff here.

They put an item on hold. It sits in hold, but posts against your balance.
There is a cross line where they have it on hold, and it hits your account at the same time.
I've seen it with my own eyes (early riser).
I had an overdraft fee of 35 dollars, but my negative amount was only 31.00....meaning I had four dollars (I know, not alot) positive balance in my account before they charged me a fee.
However, because 34.00 was on hold....then they processed it with it still on hold, it showed that 68.00 was unavailable at the time. They THEN put the 34.00 BACK into my account to cover what they did. I called and asked what the heck was going on, and she assured me the 35.00 would be refunded...
Because of THIS transaction, they then did some more manipulation, and refused to refund because of past refunds...here's what happened.
They had three items on hold totaling 24.42. Which was held against my balance. I miscalculated thinking I had more in the account than I apparently did...my error was in the amount of 16.00.
I now have 210.00 in fees.
Here's the catch.
The items on hold? Well, even though they were holding funds out of my account for these transactions, which caused an overdraft, they THEN charged an overdraft fee on the actual held items.
Ok, so make up your mind Wachovia, were the funds available for those holds or not? How can they hold funds, lowering your available balance, but then push those held funds through right when you overdraft and THEN collect on those funds too?

Hogwash!
Complete manipulation of funds. Some bigwig making a ton of money a year is sitting at his desk and figuring out a way to get as many overdraft fees as possible from people that make little money. If I had the resources to keep thousands in the bank at a given time, this wouldn't happen.
I don't...

I already hired an attorney to sue Wachovia. If anyone wants to join this lawsuit please contact me at mbk20001@yahoo.com, or call me at 646-731-8918. It doesn't matter what State you are in because it is being filed in Federal court.

HERE IS MY STORY:

I too have been hit by Wachovia's over draft fees. Believe it or not, in one day, I was hit by over $1,000 in overdraft fees. The bank allowed me to be hit by multiple duplicate electronic charges from Paypal and charged me $35 for each one. Then it went into another account of mine to pay the overdraft, which caused that account to go into overdraft. It was insane. They ended up taking over $500 after they reimbursed me. I was hit with other overdraft fees due to their re-sequencing and posting delay scam.

I found out the truth. They are scamming people by doing the following:

Scam Ingredience:

(1) Delay posting account balances

(2) Delay posting charges

(3) Re-sequence and pay charges from high to low


THE OVERDRAFT SCAM:

Bank Balance = $100

If you went into overdraft on a single charge and the bank paid the charges in order by DATE (Day#1 then Day#2 charges) even if it re-sequenced them from high to low, you would only pay one single overdraft fee of $35. But by delaying the postings they can batch them together on a single day and then re-sequence them to increase the $35 overdraft fee to $105.

OVERDRAFT FEE $35:

Charges Day#1: $10 + $10 + $5 = $25 (account balance = $75)
Charges Day#2: $65 + $35 = -25 (You only pay one overdraft fee on the $35 overdraft)

OVERDRAFT FEE (by delayed charge postings) $105:

Batched Charges Day#2: $65 + $35 + $10 + $10 + $5 = $125 charges (3 overdraft fees = $105)

I already hired an attorney to sue Wachovia. If anyone wants to join this lawsuit please contact me at mbk20001@yahoo.com, or call me at 646-731-8918. It doesn't matter what State you are in because it is being filed in Federal court.

HERE IS MY STORY:

I too have been hit by Wachovia's over draft fees. Believe it or not, in one day, I was hit by over $1,000 in overdraft fees. The bank allowed me to be hit by multiple duplicate electronic charges from Paypal and charged me $35 for each one. Then it went into another account of mine to pay the overdraft, which caused that account to go into overdraft. It was insane. They ended up taking over $500 after they reimbursed me. I was hit with other overdraft fees due to their re-sequencing and posting delay scam.

I found out the truth. They are scamming people by doing the following:

Scam Ingredience:

(1) Delay posting account balances

(2) Delay posting charges

(3) Re-sequence and pay charges from high to low


THE OVERDRAFT SCAM:

Bank Balance = $100

If you went into overdraft on a single charge and the bank paid the charges in order by DATE (Day#1 then Day#2 charges) even if it re-sequenced them from high to low, you would only pay one single overdraft fee of $35. But by delaying the postings they can batch them together on a single day and then re-sequence them to increase the $35 overdraft fee to $105.

OVERDRAFT FEE $35:

Charges Day#1: $10 + $10 + $5 = $25 (account balance = $75)
Charges Day#2: $65 + $35 = -25 (You only pay one overdraft fee on the $35 overdraft)

OVERDRAFT FEE (by delayed charge postings) $105:

Batched Charges Day#2: $65 + $35 + $10 + $10 + $5 = $125 charges (3 overdraft fees = $105)

I already hired an attorney to sue Wachovia. If anyone wants to join this lawsuit please contact me at mbk20001@yahoo.com, or call me at 646-731-8918. It doesn't matter what State you are in because it is being filed in Federal court.

HERE IS MY STORY:

I too have been hit by Wachovia's over draft fees. Believe it or not, in one day, I was hit by over $1,000 in overdraft fees. The bank allowed me to be hit by multiple duplicate electronic charges from Paypal and charged me $35 for each one. Then it went into another account of mine to pay the overdraft, which caused that account to go into overdraft. It was insane. They ended up taking over $500 after they reimbursed me. I was hit with other overdraft fees due to their re-sequencing and posting delay scam.

I found out the truth. They are scamming people by doing the following:

Scam Ingredience:

(1) Delay posting account balances

(2) Delay posting charges

(3) Re-sequence and pay charges from high to low


THE OVERDRAFT SCAM:

Bank Balance = $100

If you went into overdraft on a single charge and the bank paid the charges in order by DATE (Day#1 then Day#2 charges) even if it re-sequenced them from high to low, you would only pay one single overdraft fee of $35. But by delaying the postings they can batch them together on a single day and then re-sequence them to increase the $35 overdraft fee to $105.

OVERDRAFT FEE $35:

Charges Day#1: $10 + $10 + $5 = $25 (account balance = $75)
Charges Day#2: $65 + $35 = -25 (You only pay one overdraft fee on the $35 overdraft)

OVERDRAFT FEE (by delayed charge postings) $105:

Batched Charges Day#2: $65 + $35 + $10 + $10 + $5 = $125 charges (3 overdraft fees = $105)

I already hired an attorney to sue Wachovia. If anyone wants to join this lawsuit please contact me at mbk20001@yahoo.com, or call me at 646-731-8918. It doesn't matter what State you are in because it is being filed in Federal court.

HERE IS MY STORY:

I too have been hit by Wachovia's over draft fees. Believe it or not, in one day, I was hit by over $1,000 in overdraft fees. The bank allowed me to be hit by multiple duplicate electronic charges from Paypal and charged me $35 for each one. Then it went into another account of mine to pay the overdraft, which caused that account to go into overdraft. It was insane. They ended up taking over $500 after they reimbursed me. I was hit with other overdraft fees due to their re-sequencing and posting delay scam.

I found out the truth. They are scamming people by doing the following:

Scam Ingredience:

(1) Delay posting account balances

(2) Delay posting charges

(3) Re-sequence and pay charges from high to low


THE OVERDRAFT SCAM:

Bank Balance = $100

If you went into overdraft on a single charge and the bank paid the charges in order by DATE (Day#1 then Day#2 charges) even if it re-sequenced them from high to low, you would only pay one single overdraft fee of $35. But by delaying the postings they can batch them together on a single day and then re-sequence them to increase the $35 overdraft fee to $105.

OVERDRAFT FEE $35:

Charges Day#1: $10 + $10 + $5 = $25 (account balance = $75)
Charges Day#2: $65 + $35 = -25 (You only pay one overdraft fee on the $35 overdraft)

OVERDRAFT FEE (by delayed charge postings) $105:

Batched Charges Day#2: $65 + $35 + $10 + $10 + $5 = $125 charges (3 overdraft fees = $105)

"This is not a case were I am just lax about budgeting as I am sure some 'employee' will say, but more a case of timing the transactions to hit my account in almost a deliberate manner."

You can only overdraft if you spend more than is available in your account. If you have $100 available and only spend $90 it does not matter how they are posted you can NOT overdraft. If you have money available it does not matter when the transactions "hit" your account. The only time it matters when transactions "hit", is if you are trying to "float" transactions and hoping some show up later than others. But the days of the float are long gone and you can not do that. If the money is not available in your account at the time you swipe your debit card or write a check, you may overdraft.

By the way I am not now or ever was an employee of this or any other bank.

You are exactly right. Wachovia post the larger debits first in order to get more NSFs on your account. This makes sense because chances are that you will have far more small debits than large ones. Below is a print screen from my account showing how they do this. Notice that they posted out of date sequence and that the ones processing are the ones with the NSFs...the $140 overdraft represents a total of 4 transactions ($35 per transaction). Look at the dates! The date sequence shows that everything would have cleared, but by taking the two larger transactions b/f taking the smaller ones they were able to create a deficit in my account and therefore able to charge me $140 in NSFs. This is not a case were I am just lax about budgeting as I am sure some "employee" will say, but more a case of timing the transactions to hit my account in almost a deliberate manner.


6/30/2009 QT 754 06/29 $27.90 Processing
6/30/2009 QT 754 06/29 $5.88 Processing
6/30/2009 WAL-MART #0575 06/29 $30.94 Processing
6/29/2009 OVERDRAFT/UNAVAILABLE FUNDS FEE $140.00 ($115.22)
6/29/2009 MCDONALD'S F28435 06/28 $4.42 $24.78
6/29/2009 CHICK-FIL-A #00448 06/25 $5.85 $29.20
6/29/2009 QT 801 06/28 $5.90 $35.05
6/29/2009 TACO MAC 06/26 $28.09 $40.95
6/29/2009 CHEVRON06/26 $6.16 $69.04
6/29/2009 BP HWY 06/28 $6.21 $75.20
6/29/2009 ARBY'S #7587 0007 06/26 $6.56 $81.41
6/29/2009 DEBIT GEICO ONLINE PMT $160.30 $87.97
6/29/2009 CHECK 160 $270.00 $248.27
6/29/2009 Deposit 06/29 $90.00 $518.27

Just spend what you deposit in your account. thats all! Simple. As far as some miscalucations, if you noticed that you have overspent your account and the items havent posted yet. you still have time to make a deposit. and wachovia does offer Overdraft protection to protect you from fees.

Man, I thought I was the only one who saw this. I had Wachovia for about 5 years, and seem like they perfectly arrange the items you buy to get the maximum overdraft fees. Then you get a letter a week later saying you overdraft like you didn't already know buy then. The crazy thing is they charge you an overdraft while the thing you are buying is on hold and haven't been withdrawn. I had one item that was on hold and wasn't posted to the account yet. I could have put the money my account it would be cool but i got charged an overdraft for that. I 'm going to put this on Facebook, Myspace & twitter

Wachovia is the worst They rip me off every time I turn around I have been ripped off by companies filed it with Wachovia and then outta no where I am being charged outrageous fees All when my bank was supposed to be defending me from being frauded they frauded and stole from me too there is no talking to them cuz they charge you yes they charge you and then wait until you have a low balance to put threw one of there service fees so they can overdraw you and make a killing this happens every week before my direct deposit so they get more then half of my check every week This is horrible I want to Sue the hell out of these thieves Someone anyone lets put a end to this

It only makes sense in this computer age where everything is networked and most companies are using fiber optics that your transactions should be posted immediately or within the hour and in the order that they are made. otherwise the banks can come up with whatever reason they want to charge the fees. i was charged three overdraft fees when i had the money to cover these three transactions in the account and made a deposit to cover the next transaction to be made which would then have put me in to overdraft if i did not make that deposit and the following day would have most likely been charged another fee if i did not call them to get a refund on all these. the reason behind this is that they choose to post the largest amount first and will hold transactions and post them in the timing that favors them so you the customer go into overdraft. the only way to avoid this is to have an overabundance of funds in your checking account which most of us don't have especially with the way the economy is these days and gas prices going back up the stock market going down or staying flat at a low and more people losing jobs daily hours being cut for those who get to keep their jobs. if these practices are not changed we will continue to be taken advantage of by the banks!

Let me start off by first stating I do not, and have never, and wont :) work for this bank, however let me just share some general banking info on this situation.


1. There is a maximum of NSF/OD fees that a bank can charge you in one business day, and $680 is a little high (ok a lot high) for one day. So check this figure against your account fees and disclosures. If your bank in error charged you what looks like 2x to 3x the normal fees for one day. Unless you calculation is more than one day.
2. Banks process 1 of 3 ways...
1. pay smallest debits first.
a. Less fees of course... because you get more of your items paid.
b. Bad if you are paying your house/rent or auto and that is returned.
2. pay largest debits first.
a. More fees of course
b. Which would you rather have paid... your rent or your last trip to Rite Aid?
3. pay them in the order they are processed, neither smaller or larger.

Customers are going to complain either way, unfortunatly it is impossible to please everyone. Your best bet is to have overdraft protection - which all banks will provide for a minimal fee.

When you race your deposits to try and beat the transactions to the bank, you will lose. Your transactions via debit card travel at the speed of light. So unless you can travel 186,000 miles per second, your deposits will never beat your debit transactions. That's not on the bank - that's on you.

In order to avoid nsf/overdraft fees on your checking account, set up an overdraft protection account. It could be either a line of credit, a credit card, a savings account or another checking account. Have it linked to your main checking account so that if your checking account becomes negative, for any reason, then you dont pay $500 in fees. If for some reason you cant or dont want to get an overdraft protection account, then you need to be really careful and responsible with your checking activities, or , if that cant be done, go to a savings account only.

Are you going to sue them because it was your fault that you were overdrawn? They list their check post policy in their account agreement. So you will be SOL. I do not work for them, but I have been a customer of theirs for a long time now and I never had a problem with them, I guess that could be because I never wrote a check for more then I had in my account. Hmmmm, interesting concept. Personally I do not agree with the way they post checks, but I did agree to the terms when I opened my account, just like you and all their other account holders did.

Keep an accurate check register, don't write check(s) for more then you have in your account and you should be OK. Also, quit whining about something being someone elses fault, when YOU caused the problem!

5/8/09
Over the last 48 hours, Wachovia has levied $730.00 in overdraft fees, even though I made 4 separate cash deposits, in the same time period, to try and stay ahead of the charges. All told, I am out $929.00 because of this nightmare that started as a $40.00 overdraft on 5/5/09. They were debiting items submitted in real time and adding the fees as they occurred and holding the deposits 24 hrs. so each time I made a deposit, the fees ate them up before they were made available.

I've been with Navy Fed since 1985. They debit charges according to when they arrive, not how large or small they are. Everything is done in the order it should be.

Robert from CA, just because most banks post debits from largest to smallest does not mean that it is ethical and the process is obviosuly contribe with the purpose of draining the customer as much as possible.

I too have been a victim to Wachovia's unfair business practices and rude unprofessional CSRs. I have had Wachovia take out many more overdraft purchases than what was warranted. I am getting overfraft charges twice for one charge. There were no oustanding checks left to post to the account and no outstanding autodebits/payments.

Well Robert from CT I suggest you do the same that you suggested and READ THE POSTING.

You stated:
"Most people understand that if you overdraft you get charged. The banks are taking advantage of people by manipulating chronology."

So you think it is unfair that they post highest to lowest and thus manipulating the order. However, if you did actually read the OP that is EXACTLY what the poster was wanting to do(but just in their favor). In fact they stated it twice.

"Had they been posted from smallest to largest, all would have been covered, except the largest one."
"Yet, if Wachovia had simply posted the first days debits from smallest to largest, then my night mare would have been over."

So why is it unfair that Wachovia post highest to smallest(which is NOT a new procedure), but it is fair for the OP to want them posted smallest to highest?

Now, I agree it would be great to post items in the order they come in. However, you have no control over when a charge is submitted. So it is possible that you make a $2 debit card purchase and then a $20 purchase on the same day. But due to the systems used the $20 one gets submitted before the $2 one. So banks use the same procedure for everyone, they post highest to lowest. As long as you keep your balance positive it does not matter what the posting order is.

The problem is not the overdraft charges. It is things being rearranged so the bank can suck a couple more ounces of blood out of you. READ THE POSTING! Most people understand that if you overdraft you get charged. The banks are taking advantage of people by manipulating chronology. The banks are getting more than they deserve. They get more than what they should by some very unethical behavior. Not too many people would get on here and say "I have a problem getting charged the fees I agreed to". They are mad because they are getting ripped off. If you think these fees are correct, you obviously are having a problem understanding what is being said, or you are one of the vampires. I have even had a deposit show up in available funds, then show up under processing the next day, so things would bounce. This is not my imagination, it was there online and then it was gone. Tell me that is my fault. This many people are not wrong about what is going on, and just because someone has an overdraft, it should not be an excuse for Wachovia to come in and charge you for ten mistakes you did not make.

BACKGROUND:
I'm a full time student/full time worker. Money goes very quickly for me and I dont have that much of it.

THE STORY:

So I decided to treat myself by purchasing a $60 shirt (DEBIT, not credit)[10/31/2008]. After a few days, my account was nearly drained, I needed the money, and I didn't like the shirt so much anymore so I returned it to the merchant [11/05/2008].

When I got home, for s***s and giggles, I decided to check my account online to see how much money I had. The refund was listed in my latest transactions and the refund amount was applied to my AVAILABLE BALANCE AS OF 11/05/2008 (located at the top right of the screen). I had money! (so i thought).

Now looking at my account, I see that I have $210 in overdraft fees. I called Wachovia and spoke to a very nice person, Tracy. I was on hold for 5 minutes after requesting my overdraft refund. During these 5 minutes, I have a feeling that her and her direct superior conspired lies to make sense of these overdraft fees. She got back on the phone and offered a $140 refund of the $210. I was irate but kept my composure and asked to have the fees explained to me.

She told me that ALTHOUGH I had a refund on 11/05/2008
and it had...
-Been displayed in my recent transactions
-Been applied to my Available Balance as of 11/05/2008
That the refund isnt actually available until the next day.

How can Wachovia get away with telling me I have money and then saying 'Oh wait, you cant use it yet, even though it shows that its available to you."

Now although I received a $140 refund, which was very kind of them, I feel that these are very bad business practices especially with our economy in the decline that it is, and something must be done about it.

Some action must be taken. I work very hard for my money and it isnt fair for me to be tricked out of it. Please contact me to join in this class action law suit for this disgusting bank. PS: I'm with a credit union now and their policies aren't nearly as bad as Wachovia.

It's been two and a half years since this report was posted. Surely something has happened by now?

I would like to join your class action lawsuit against wachovia

This subject has been beaten to death. Bottom line: This has already been contested in the courts. The bank won. They had sufficient disclosure within the account agreement to arrange the order of processing in any manner they wish. Let's just stop with the litigation threats - no bank takes them seriously and no lawyer needs to look like a fool more than once in front of a judge.

This is a matter of having sufficient money in the account when the transactions are made. That's it - it's pretty simple.

I had the exact thing happen to me...they posted the largest item to my account which caused 5 smaller items to bounce resulting in more fees. Clearly these policies are meant to make money for the banks.

Has anyone else noticed policies changing to illicit more fees from Wachovia recently (i.e. post-mortgage crisis)? Seems like the banks are trying to make up the difference for their shady mortgage practices by gauging their bank customers...hmmm. Very interesting.

Why aren't the politicians doing anything about this?

I am willing to join the class action lawsuit. Just this past week I accrued charges for NSF fees and have yet to be in the red. Their way of explaining it to me is unacceptable. They are charging fees for held items even if they don't hard post. This practice needs to end.

People try to destroy me with there words. I can't even make a comment or ask advice without this problem happening. Well people try there best to discredit my complaints & calling me a liar.

They just can't keep there mouth shut they love to put me down anyway they can well I don't really care anymore. All I did was ask for advice & this Is how I get treated.

I have a right to comment to this report just like how robert & others try to trash me & try to ruin my complaints. Bad businesses must love you robert.

You say my complaints aren't worth reading. Well go ahead don't read them & you can ignore me. I have the right to comment just like everyone else just like you have the right to post insulting remarks about me.

But people reap what they sow you just had to open your piehole didn't you robert. You are just mad because I have exposed how employers treat people on this site.

To me you are nothing but a thug & a bullie on this site. You are just making It very hard for me to trust people again. The best way for me to get @ you Is to ignore you.

I have been bullied my whole life I am sure has hell not going to put up with It from the people on this site. Your words are open for all to see robert. I really feel sorry for you.

This Is why these liars In the unemployment office get away with ruining innocent peoples careers, the truth Is robert what I say Is the truth & you can't take It.

Here we go again. Even when I stop saying anything & let things go there Is someone who has to stir the pot. This time Its robert. I have not called anyone names & you see the name calling people do to me.

They do It to make themselves feel good putting others down. These people will get back what they dished out to me & others I will have justice because they have no right to treat me or others this way on this site.

They are the trouble makers on this site always looking for a fight & looking to put someone down they are really the (fools) they think they have ruined my life they are In for a rude awakening.

It seems when I don't respond back to there childish idiotic remakrs they can't stand It so they try there best to insult me, but I will not give up or give In.

They can call me every name In the book, also they don't have the right to tell me to get out of this country I was born here. To robert your childish comments don't impress anyone so get a life.

You think you are making me look bad but In reality you are making yourself look bad.

Here we go again. Even when I stop saying anything & let things go there Is someone who has to stir the pot. This time Its robert. I have not called anyone names & you see the name calling people do to me.

They do It to make themselves feel good putting others down. These people will get back what they dished out to me & others I will have justice because they have no right to treat me or others this way on this site.

They are the trouble makers on this site always looking for a fight & looking to put someone down they are really the (fools) they think they have ruined my life they are In for a rude awakening.

It seems when I don't respond back to there childish idiotic remakrs they can't stand It so they try there best to insult me, but I will not give up or give In.

They can call me every name In the book, also they don't have the right to tell me to get out of this country I was born here. To robert your childish comments don't impress anyone so get a life.

You think you are making me look bad but In reality you are making yourself look bad.

Here we go again. Even when I stop saying anything & let things go there Is someone who has to stir the pot. This time Its robert. I have not called anyone names & you see the name calling people do to me.

They do It to make themselves feel good putting others down. These people will get back what they dished out to me & others I will have justice because they have no right to treat me or others this way on this site.

They are the trouble makers on this site always looking for a fight & looking to put someone down they are really the (fools) they think they have ruined my life they are In for a rude awakening.

It seems when I don't respond back to there childish idiotic remakrs they can't stand It so they try there best to insult me, but I will not give up or give In.

They can call me every name In the book, also they don't have the right to tell me to get out of this country I was born here. To robert your childish comments don't impress anyone so get a life.

You think you are making me look bad but In reality you are making yourself look bad.

This report was interesting until last month. Now, it's just another "Charlerized" report that is no longer worth reading and doesn't help anyone who might have a similar complaint.

The best thing to do with our resident fool, who has moments of lucidity, is IGNORE HIM!!!

HA. Caught in yet another lie.

You admit you haven't worked in over 2 years. That is called NOT WORKING. So where do you get your alleged money deadbeat? As Striderq has also stated, answer the questions.

What would you have insurance on?

You certainly can't afford a car just as you can't afford to pay your bills as you have stated clearly in many threads on this site. You certainly can't have a license as you clearly do not know the rules of the road as reported by you clearly on this site. You can't have a job as no one will hire you as pointed out by Striderq and many others so how can you have a bank account?

You don't spell fraud: c-o-m-m-e-n-t

Deadbeats don't have bank accounts.

Which lie is it:
1) You allegedly have a bank account and refuse to pay those you owe
2) You have no money as your excuse in the collection threads and just beat people out of services anyway?

One of these HAS to be a lie. Though not surprising.

Still waiting for a mod from this site to post why people are being censored yet this shitbag gets to crap up the site with his fraudulent nonsense. Why was my post removed from this thread yet you allegedly can't remove fraudulent complaints like his and others. Are you actually trying to extort money from these companies like you are accused of. Perhaps more companies need to know the truth about what goes on here.

I would be mad if you wanted to let yourself be taken advantage of again; you've been on these boards for so long - it would seem a waste for you to want to be taken advantage of - don't you think?

BTW - this would not be a rip off if the person simply had more money in their account. I lose sympathy for people who spend money they don't have - in most places, it's called stealing - whether deliberate or not.

How typical of john to think everyones complaint is fraudulent I have been accused from him & others that my complaints are fraudlent, well I don't care what they think.

He doesn't bother me one bit or what he says I know the truth he don't, he Is mad because I want let myself get taken advantage of again.

Have available money in the account before using your debit card or writing a check.

If you are going to use the "online bank statement said I had money in there" excuse then go over the transactions to make sure that they are current. If you know you used your debit card on the 16th (or whenever) but do not see it on your online statement then assume it wasn't processed yet. Same goes for checks that have been written but not yet presented or paid.

Don't go for the free checking option available at the banks. Banks actually charge higher fees for the folks that go for these promotions because they know that most of the people that go for this will not pay any attention to their account.

They actually ran studies that showed that people who chose this option tended to bounce more checks as well as incur other fees such as writing more checks than permitted or using your debit card "x" amount of times. Also sometimes there are balance restrictions associated with this account such as a minimum of 150 dollars (or something of that nature).

Any charges that appear to be repetitive are easily disputed. I've had it happen a couple of times (even though it has never resulted in overdrafts or NSF's) Just document the original one and they will back out the others. Despite your feelings that they knowingly and willfully do double or triple debits doesn't mean they know that these are invalid transactions. That's what happens when computers talk to computers for transactions. Although there are audits done at both sides doesn't mean you should assume they will catch the mistake. You should always point out problems as soon as you see them. You can do this by checking your online statement the day after a direct withdrawal is made or when you notice it on your statement.

Another trick is not to wait until the last minute to cancel any automatic withdrawals. If the fine print says "may take 30 to 45 business days". You should plan on this taking anywhere from 6 to 8 weeks to occur. Even though they get it done in 4 weeks.

As others have pointed out the banks do highest to lowest because most large sum checks are for either a persons mortgage, car loan, or credit card payments, or even rent payments. Have any of you people screaming about this considered what would happen if any of these bounced. There are usually even larger penalties that would result. I think at one time I rented an apartment there was a 100 dollar fee. Also, after a certain amount of bounced checks you had to provide a cashiers check to pay your rent. No personal checks or even money orders.

You admit you haven't worked in over 2 years. That is called NOT WORKING. So where do you get your alleged money deadbeat? As Striderq has also stated, answer the questions.

What would you have insurance on?

You certainly can't afford a car just as you can't afford to pay your bills as you have stated clearly in many threads on this site. You certainly can't have a license as you clearly do not know the rules of the road as reported by you clearly on this site. You can't have a job as no one will hire you as pointed out by Striderq and many others so how can you have a bank account?

You don't spell fraud: c-o-m-m-e-n-t

Deadbeats don't have bank accounts.

Which lie is it:
1) You allegedly have a bank account and refuse to pay those you owe
2) You have no money as your excuse in the collection threads and just beat people out of services anyway?

One of these HAS to be a lie. Though not surprising.

Still waiting for a mod from this site to post why people are being censored yet this shitbag gets to crap up the site with his fraudulent nonsense. Why was my post removed from this thread yet you allegedly can't remove fraudulent complaints like his and others. Are you actually trying to extort money from these companies like you are accused of. Perhaps more companies need to know the truth about what goes on here.

You certainly can't afford a car just as you can't afford to pay your bills as you have stated clearly in many threads on this site. You certainly can't have a license as you clearly do not know the rules of the road as reported by you clearly on this site. You can't have a job as no one will hire you as pointed out by Striderq and many others so how can you have a bank account?

You don't spell fraud: c-o-m-m-e-n-t

Deadbeats don't have bank accounts.

Which lie is it:
1) You allegedly have a bank account and refuse to pay those you owe
2) You have no money as your excuse in the collection threads and just beat people out of services anyway?

One of these HAS to be a lie. Though not surprising.

Still waiting for a mod from this site to post why people are being censored yet this shitbag gets to crap up the site with his fraudulent nonsense. Why was my post removed from this thread yet you allegedly can't remove fraudulent complaints like his and others. Are you actually trying to extort money from these companies like you are accused of. Perhaps more companies need to know the truth about what goes on

I didn't say you couldn't GET hired. I said no company would keep you employed. This is from your own postings of how this and that employer have all done you wrong by letting you go without reason. So again, please read what's written, try to stay on topic of the report you're posting on and answer all the questions asked of you.

This Is to Striderq I already had a job so for you to say I never had a job Is completely wrong. I worked for about a year @ winn-dixie so you claim nobody would hire me Is completely wrong winn-dixie hired me.

I have only had 1 job & no I did not get fired I quit myself I just laugh @ these comments about john saying I never had a job, I have a right to work just like everyone else.

But people always want to pick on me & when I will not allow them to do It Is when the trouble starts. I really don't care If you believe me I have my old check stubs saved from the months I worked @ winn-dixie.

I got along fine with my other employees so I was afraid over nothing about being bullied In the work place, I did everything my boss told me to & I had no problems. I had to work In the cold & the rain.

I worked @ winn-dixie from 05/2005-02/2006. I wont allow people to pick on me on this site & this Is where the trouble starts

Per my first post to Charles, I asked since no one would employ him or give him unemployment why he was asking about money in the bank. However, even in his posts (as he usually does) he destroys his own point. You can't call the day before the debit is due to stop it. You can't get fees when you have no money to get an account.

You certainly can't afford a car just as you can't afford to pay your bills as you have stated clearly in many threads on this site. You certainly can't have a license as you clearly do not know the rules of the road as reported by you clearly on this site. You can't have a job as no one will hire you as pointed out by Striderq and many others so how can you have a bank account?

You don't spell fraud: c-o-m-m-e-n-t

Deadbeats don't have bank accounts.

Which lie is it:
1) You allegedly have a bank account and refuse to pay those you owe
2) You have no money as your excuse in the collection threads and just beat people out of services anyway?

One of these HAS to be a lie. Though not surprising.

Still waiting for a mod from this site to post why people are being censored yet this shitbag gets to crap up the site with his fraudulent nonsense. Why was my post removed from this thread yet you allegedly can't remove fraudulent complaints like his and others. Are you actually trying to extort money from these companies like you are accused of. Perhaps more companies need to know the truth about what goes on here.

The company did pay half of the overdraft fees but this whole mess could have been avoided If they didn't take the money out after I cancelled the automatic payment plan I had signed up with the company. They didn't go buy there word.

I just have to ignore john why don't he go find someone else to harass desides bothering people including me on rip-off report. Again john rip-off report does not make false complaints to extort money from businesses to have them removed.

This Is just a lie from the bad businesses that have been reported on there site, so they try to attack this site every way they can. Us consumers will keep up the good fight.

I don't care what john says he Is the one who has the problem I have never done anything to him. But I don't have to put up with his negative comments about me.

I did call my insurance company to make sure they cancelled the automatic withdrawel & they confirmed they done It, but they took It upon themselves to take the money out anyways.

And yes the banks do want to punish us my bank was well aware of the situation I am not going to argue about It over & over with you. I told my bank what my insurance company did & they faxed them all the overdraft fees that occured after there transaction.

I had to get a new bank account Its not with bank of america, or Wachovia. In the future I will not use the automatic payment plan because my insurance company did not keep to there word. And look @ the mess they have created for me.

I did call my insurance company to make sure they cancelled the automatic withdrawel & they confirmed they done It, but they took It upon themselves to take the money out anyways.

And yes the banks do want to punish us my bank was well aware of the situation I am not going to argue about It over & over with you. I told my bank what my insurance company did & they faxed them all the overdraft fees that occured after there transaction.

I had to get a new bank account Its not with bank of america, or Wachovia. In the future I will not use the automatic payment plan because my insurance company did not keep to there word. And look @ the mess they have created for me.

I did call my insurance company to make sure they cancelled the automatic withdrawel & they confirmed they done It, but they took It upon themselves to take the money out anyways.

And yes the banks do want to punish us my bank was well aware of the situation I am not going to argue about It over & over with you. I told my bank what my insurance company did & they faxed them all the overdraft fees that occured after there transaction.

I had to get a new bank account Its not with bank of america, or Wachovia. In the future I will not use the automatic payment plan because my insurance company did not keep to there word. And look @ the mess they have created for me.

I did call my insurance company to make sure they cancelled the automatic withdrawel & they confirmed they done It, but they took It upon themselves to take the money out anyways.

And yes the banks do want to punish us my bank was well aware of the situation I am not going to argue about It over & over with you. I told my bank what my insurance company did & they faxed them all the overdraft fees that occured after there transaction.

I had to get a new bank account Its not with bank of america, or Wachovia. In the future I will not use the automatic payment plan because my insurance company did not keep to there word. And look @ the mess they have created for me.

the turdburglar is just trying to play with the adults and start a needless argument with you to somehow spin it that he put you in your place while not having a clue in the least of how the real world works. How can someone have money in a bank account, be a deadbeat, then cry and lie in other reports that he has no money to pay bills and contracts he's welched on.

Deadbeats don't have bank accounts.

Which lie is it:
1) You allegedly have a bank account and refuse to pay those you owe
2) You have no money as your excuse in the collection threads and just beat people out of services anyway?

One of these HAS to be a lie. Though not surprising.

Still waiting for a mod from this site to post why people are being censored yet this shitbag gets to crap up the site with his fraudulent nonsense. Why was my post removed from this thread yet you allegedly can't remove fraudulent complaints like his and others. Are you actually trying to extort money from these companies like you are accused of. Perhaps more companies need to know the truth about what goes on here.

First, calling one day before the debit is to come out is not enough time. To guarantee a stop payment on an automatic debit requires three business days. So by contacting the business the day before, will get the debit cancelled as of next week/month (however often you pay) but will not stop the one for tomorrow as it has already processed.

Second, the bank is not 'wanting to punish' you or anyone else. The bank deals with facts. Fact: when this debit came through it overdrew your account and you got a fee. Fact: until and unless the bank is told/determines this was a merchant error, we have to treat it as authorized. Once the company corrects the error by refunding the debit, you can contact the bank for a refund of the fees. This refund is not automatic but is usually done upon request.

We all know what you are by your fraudulent postings. So which is the lie this time:

1)That you actually allegedly have money and a bank account (since you don't have a job it's hard to believe with your history of storytelling)

2) You have no money as you claim in collection threads after you have beaten people/companies out of services rendered.

Yes, I have caught you in lies again just like the one where you promised to leave in your fraudulent schneider report.

Can a mod please post to all of us why this shitbag and the Krutko shitbag continue to get to post their fraudulent lies and irrelevent bullshit yet people with intelligent rebuttals of fact are censored and not posted? You allegedly can't/won't remove any fraudulent reports (like all of his) yet you do actually decide that you can censor? The other complaints about this site are pretty spot on. I shall inform the media.

Please excuse my last comment. I did not mean to say It like this. I requested to the business to cancel the automactic payment plan & I made sure & they confirmed It with me.


The next day I called to check my balance the business took It upon themselves to take the money out causing me over $300 In overdraft fees because I had money coming out for other bills.

It took 4 weeks for the business to refund me the overdraft fees. I send this a warning to everyone do not use the automactic payment plan for anything, because the business did not keep to there word they cancelled It.

But banks want to punish us when things arent our fault.

Please excuse my last comment. I did not mean to say It like this. I requested to the business to cancel the automactic payment plan & I made sure & they confirmed It with me.


The next day I called to check my balance the business took It upon themselves to take the money out causing me over $300 In overdraft fees because I had money coming out for other bills.

It took 4 weeks for the business to refund me the overdraft fees. I send this a warning to everyone do not use the automactic payment plan for anything, because the business did not keep to there word they cancelled It.

But banks want to punish us when things arent our fault.

Please excuse my last comment. I did not mean to say It like this. I requested to the business to cancel the automactic payment plan & I made sure & they confirmed It with me.


The next day I called to check my balance the business took It upon themselves to take the money out causing me over $300 In overdraft fees because I had money coming out for other bills.

It took 4 weeks for the business to refund me the overdraft fees. I send this a warning to everyone do not use the automactic payment plan for anything, because the business did not keep to there word they cancelled It.

But banks want to punish us when things arent our fault.

Please excuse my last comment. I did not mean to say It like this. I requested to the business to cancel the automactic payment plan & I made sure & they confirmed It with me.


The next day I called to check my balance the business took It upon themselves to take the money out causing me over $300 In overdraft fees because I had money coming out for other bills.

It took 4 weeks for the business to refund me the overdraft fees. I send this a warning to everyone do not use the automactic payment plan for anything, because the business did not keep to there word they cancelled It.

But banks want to punish us when things arent our fault.

I don't have a bank account with Wachovia. I was just asking a question. Second you know nothing about me. I told the business not to cancel the automactic payment. But they took It upon themselves to take the money out.

They did pay non sufficent funds of $300 back when they made the deduction on 05/30/2008. But why should banks hold you responsible for something that was not your fault this isn't fair.

I would never get a bank account with wachovia I have heard people In my town complain about them that they had taken there paycheck twice. The business did pay the non sufficent fee charges.

But I will never do a automactic payment with anyone know after what the business done to me, I called to cancel It & they took It upon themselves to take the money out, You can't trust nobody these days.

First, please just post once and then wait until the next day to see if it posted. Doesn't make sense to post at 11:30 and then again at 1:30 when it's the same thing.

Second, you are correct. The first thing you should do is contact the business and try to square things away with them. if this does not work, then you can contact Wachovia to file a dispute for unauthorized charges. if the charges are found to be unauthorized then you will receive your money and the fees directly caused by the unauthorized charge. if however, the charge was authorized, then you are responsible for the fees charged.

But since no one will keep you employed and you can't even get unemployment, why are you worried about reports dealing with money in the bank?

What If a business overdraws your account. If you cancelled your automactic payment & the business takes it upon themselves to take the money out the business should In trouble for causing you the overdraft fees.

They should have to pay you back every cent. But instead you have to pay the price.

What If a business overdraws your account. If you cancelled your automactic payment & the business takes it upon themselves to take the money out the business should In trouble for causing you the overdraft fees.

They should have to pay you back every cent. But instead you have to pay the price.

What If a business makes a transaction you told them not to & they caused you $600 In overdraft fees, & the bank or credit union wants to blame you for It. These days businesses are famous for making unauthorize withdrawals & messing your bank account up.

The It takes them forever to get you the money & more (NSF) $30 fees occur. Do not give any business permission for automactic withdrawals It will get you introuble.

If the business takes It upon themselves to make the withdrawals anyways after you cancelled it then make them pay all your money back. But the bank still wants to get you introuble. This isn't fair. But that Is what Is going on these days.

Everyone Is out to screw you one way or another.

You write:

"Count me in. Like I stated above! Everyone knows math and not everyone reads the fine print of things that are handed to them."

So you admittedly didn't read the fine print?

No ripoff then.

Take some resonsiblity. Yes, banks don't want to be your best friend and they are in the business of making money, so not a warm fuzzy for them for sure.

Most banks allow you to opt out of their "complimentary" overdraft program. If your bank (Wachovia included) doesn't offer that, then the solution is simple. LEAVE and find a bank that will let you opt out of their coverage.

Of course then we will probably be seeing you complain about all the debits your new bank returned and the hassle of dealing directly with the vendors....

You can't have it both ways. If you overdraw, you overdraw. Take your lumps and move on. If you don't like your bank's policies, find a new bank.

N-

Ok people, seeing as how I work in customer service, and have to listen to people complain all day,everyday about overdraft fees, unavailable funds fees and non sufficient fund fees, let me tell you a little something I myself have learned.

Yes, I am just like all every adult out there, working a full time and working d**n hard for my money. Im also 19 and going to school full time, and living on my own. I have learned way before I even started working for this company how to manage my account. Its called being responsible and living within your means. Its really pathetic that 30, 40 and 50 year olds do not know how to manage their money and be responsible with it, and keep a register as well as checking online or through the automated system. Its just plain irresponsible of someone to sign for a checking account and NOT read the depositors agreement. You wouldnt sign for a major purchase like a mortgage or a vehicle without reading the fine print, would you? No, I didnt thinks so. So why not read the fine print of the instituition that you are placing your hard earned money into????? Irresponsibility and just plain stupidity. If a 19 year old girl can do it, why cant a 35 year old? why cant a 40 year old?

I see it everyday, and I must tell you, the best people who are NOT overdrafting their accounts or racking up the nsf's, are people below the age of 25 and above the age of 65. Thats a big gap of adults who are being irresponsible. and trust me, wachovia isnt stealing your money. Yes, I can emapthize with you, Ive been negative $800 before, but I learned. I can also agree that the unavailable fund fees are a little excessive. But guess what??? You placed your money into the account. YOU ARE DOING THE AUTHORIZATION OF WITHDRAWLS OF THE FUNDS ON YOUR ACCOUNT!! YOU are the responsible party to decide what to authorize and for when. If you know you arent going to have the funds in the account until next week, call the company or even customer service and we can do a stop placement on the item until YOU have the funds in the account. It is not up to the bank to monitor what comes in and out of YOUR account. They will charge you for going over your limit and spending the banks money. I do not always agree with the $35 fee for a $2 item, but do you realize how many people do it over and over and over and over again??? Some people will never learn. And it isnt just Wachovia that charges overdraft fees, EVERY BANK DOES IT!

So if you dont like the bank, pull your money out. your the "responsible" one. stop blaming the bank for your mistakes and mishandling of the money. and remember, if a 19 year old can do it, so can you.

Yes, I allowed the account to be over drawn, but Wachovia's policy of posting the largest to the smallest amount has resulted in $695 in overdraft charges in the last 10 days - despite numerous deposits made to try to correct the problem.
These are your own words, to the man that was upset cuz bank didnt post from small to large.... Dont blame the bank. They post the moneys as it comes thru, sometimes you just get lucky. Next time make sure the money is there to cover the checks... then there wont be any overdrafts--- Ya think ????

I just opened an account recently, so I know the process.

There is fine print you can read before opening the account. Additionally, you get fine print in the mail and you are required to sign a form to mail back to Wachovia when you open the account. Also, when your check card shows up, you will get more fine there as well. Bottom line, everything is there for the reading, and if you don't like it, close the account and go elsewhere.

If you were really balancing your checkbook, you wouldn't get fees. Don't rely on what you see online. It is good for comparing charges to your register, but that balance is never accurate because of debits that haven't posted, checks that haven't cleared, deposits that you can't spend yet, etc.

Mike

Count me in. Like I stated above! Everyone knows math and not everyone reads the fine print of things that are handed to them. Who fault is that is not the problem but rather why do banks include the most important info in the most overlooked places between the crap and crap and way before the fees! Come on, I balance my check book everyday and still get nsf 's because of some stupid policy the bank did not inform me of when I first OPENED THE ACCOUNT!!!!!!!!! Just check out WAMU! When alot of people complain about the same thing there is a problem but yet people still but trust in banks that stab them in the back over and over.

I am going to show you all how to properly keep a register and why you can get a falls balance if you don't. This is all hypothetical, of course, but not unlike what I think is really going on.

Lets say Joe actually DID reconcile is bank statement and he has $1000.00 balance

So that would be
Balance 1000.00
6/01 check 2002 300.00
Bal 700.00
6/2 debit card 100.00
Bal 600.00
6/2 debit card 10.00
Bal 590.00
6/2 debit card 400.00
Bal 190.00

So now according to you accurate register, you have $190.00 balance.on 6/02 But lets suppose that you do NOT keep an accurate register and just check the on line balance or worse yet, the ATM balance. And that balance says you have $490.00 as of 6/2. So thinking that that is yhour balance, you go on a spending spree and and
6/3 debit card, 50.00
6/3 debit card 200.00
6/3 Check 2003 130.00
For a total of 380.00

What you failed to realize is that that check for 300.00 you wrote on the 2nd has not been presented to the bank yet, so it is not even pending. So YOU THINK you have $110.00 when in reality you are over drawn by $190.00. Now the check you wrote on the 2nd is presented and processed on the 4th after your spending spree. And since you are already overdrawn by $190.00 that check puts you negative $490.00 so the bank charges you three overdrafts for the $200. And the $130.00 transaction.

NOW IF you ahd kept an accurate register and not relied on the on line bal or the ATM balance you would see that you had $190. BEFORE you spent the money so that $50 debit charge would leave a balance of $140.00 . So SINCE you ONLY have $140.00 you KNOW you can not make that $200 debit purchase or that check for $130.00. SO it does NOT MATTER when they process the items, in this case the $300 was processed AFTER those other ones. IF you ahd kept a register you would have KNOWN that you only had $140.00. I am assuming, for the sake of argument, that the debit transactions are processed as soon as they are made.

Class action lawsuits cost money and you might get ten bucks out of it in the end.
It amazes me how many people really can not grasp how they are in this place , still! Come on now, really. How is it that the rest of us living month to month do not have OD protection and we also do not get any NSF fees? I am facing my 46th surgery soon and just had my last one in April, so I know ALL about financial struggles, yet I do not allow to use that as an EXCUSE to overdraft my account. I learned in 3rd grade how to add and subtract. It really is not all that hard and for those who can't, hey even your local store carries a dollar calculator. Yup folks they do and batteries are cheap too these days, so there is no excuse! I am 48 and I use cash and a register. I know how to balance my checkbook and I do every single month. It takes maybe 20 minutes on a good day. So come on now........let's all go back to third grade and let's all learn together.

1
+
1
----
2

See how easy that is?

Wachovia has some serious issues where their fees are concerned. I like all of you, have been burned by Wachovia and their fee crazy way of business. I have filed a formal complaint with the OCC and also sent numerous e mails to Wachovia themselves. I have called and been yelled at by their incredibly unprofessional supervisors. She actually got beligerent with me when she could not explain why my account showed 5 overdrafts and 9 fees.

They even charged me $15.00 for an incoming wired deposit. I have, of course, heard of charging for outgoing money transfers, but never for an incoming wire.

When do we start a class action suit?

The cutoff time for same day depsoits is 2 PM with the teller. Any deposit done before 2 PM is credited the same business day. If it's cash it is immediately available and posts that business night at midnight. If it's a check it will credit that night at midnight, available to pay anything coming through & then visable and available the next morning. If the deposit is after 2 PM and is cash it is available the next morning, if check it posts the next business night at midnight.

Wachovia posts in this order: deposits/credits (for that business day); debits from largest to smallest; interest earned; service fees if any. If you made a cash deposit and the checks posted first, then the deposit was after cutoff and not available until the next day. But again the biggest point to these rebuttals is have the money available in the account and then spend it. If you do otherwise you will cause yourself fees.

And knowingly writing checks before you have deposited cash to cover them is a crime in most jurisdictions.

""The representative informed me that the checks came in on the same day I made my deposit, but what they did they deposited the checks first, which caused $90 in fees, and then they deposited my money and still left me with a negative balance because now they took money to settle the fees, and I still didn't have enough money to cover the checks.""

It appears you wrote the checks knowing you didn't have money in the account to cover them. In the "old" day it was called "floating" the checks and you could get away with it. Not any more-you got caught.

You wrote checks, and then at a later date made a deposit to cover them-doesn't work anymore.

In the future, make a deposit, wait for the deposit to clear, and then write the checks.

Also, keep a check register and balance it to the penny against your monthly account statement. You won't have any problems if you do this.

My husband was with Columbia First who changed their name to Wachovia. This bank make their killing off of people in NSF/Overdraft Fees. I think it is rediculous how they charged you $30 for these fees. I noticed that I had several NSF/Overdarft fees on my online bank statement, when I contacted Wachovia through the 1-800 number and I questioned them regarding the fees, I explained to the representative that I have several checks outstanding that total about $500, and I told them that I could not understand why I had incurred NSF/Overdarft fees when I deposited (CASH) into my account to cover the checks. The representative informed me that the checks came in on the same day I made my deposit, but what they did they deposited the checks first, which caused $90 in fees, and then they deposited my money and still left me with a negative balance because now they took money to settle the fees, and I still didn't have enough money to cover the checks.

Even though Wachovia was nice enough to pay the checks (haha) but because I didn't have enough money in my account the paid the checks and then assessed another $90 fee to my account causing my account to again be in the negative. She explained to me that what Wachovia will do is the automative system will deposit the checks, and the system don't know that you have deposited money in your account the same day so that they can honored what items will come in.

But I am quite sure that a HUMAN person operates the system unless they have a robot that doesn't have the intelligence to do the job correctly.

And why does Wachovia, regardless if you make a cash deposit after 2:00pm will not allow cash money to be posted until 12:00pm the next business day?? That is crazy!!!! IT IS CASH PEOPLE!!! It's not a CHECK!

Sheesh,

If u overdraft your acct you should expect to be charged for it.
And in fact, it can result in huge $$.

Thats why for 25 years, Ive always had protection for overdraft.

Initially a credit card now a line of credit.

This avoids and is a lot cheaper than overdraft charges.

If you dont do the above, the person who doesnt bother chking the register or similar is as much the problem as the bank.


Another item. I have been a online and fully etf setup... I rarely write paper checks (maybe at most 2 a month)...yet I probably have more transactions than most of the posters here...combined.


Point being, that by being online, I have yet to need to balance a chkbook, because the online process does it for me..

The only loss, is that I dont usually get the float that writing a chk would give.

Im agreeing with all of ya. I dont understand the fuss and the constant rip off reports regarding this. Most often the original poster starts off with "I let my account overdraw........" or some such. THAT indicates guilt right there I would think. Then of course there are the posters who throw their health or the health of their kids into it........or unemployment issues etc. POO POO OCCURS.....granted.....but after the first time it happens......dont you GET IT??

Whether its 50 cents or $500......YOU let it happen. Almost everyone knows how banks post highest to lowest.

I understand ONE NSF / ODF......then you realize HOW they post things to your account and POOF.....you make sure it doesnt happen again.....case closed.....'nuff said.

NO I do not work for a bank....not online nor in real life. I have spent years living pay check to pay check and can honestly say Ive NEVER overdrawn my account. I am a single self supporting female that keeps an eye on her expenses and her bi monthly paycheck. Ive never had "a lot" of money to toss around and certainly never enough that Id consider letting my bank continue to grab NSF/ODF from my account. I no longer hafta live paycheck to paycheck because Ive gotten increasingly smart when it comes to budgeting money and who exactly I let have MY HARD EARNED MONEY!!!!!

I will say I dont understand how this is soooooo wide spread......its not just Wachovia....or just BofA....it seems rampant....which is a little confusing and leads me to think that not everyone reporting it can be THAT wrong...it just doesnt make sense. It does not seem to help anyone that bothers checking their balances online or by phone daily..so why not give that up? Keep an accurate up to date register with checks AND debits listed DAILY....lessen your auto withdrawals. What does it take to KNOW you have "X" amount of money to pay out monthly and "X" amount of money COMING IN monthly. Budget it.....down to the last dime if necessary. Hold back a set amount of money EACH WEEK or each paycheck to cover with cushion whatever has to be paid that week...........do this for the entire MONTH and I can almost guarantee you will not see any NSF/ODF again.

I am in shock and total disbelief that ANYONE anywhere "now days" would ALLOW.....yes you ALLOW these places to debit your d**n accounts for HORRENDOUS amounts..........in some cases in excess of a $1000!!!!! WTH people.? You didnt "get it" the first time..or the 2nd.....or 3rd? HOW on earth can you NOT learn after the first one or two NSF/ODF?

Fool me once ,shame on YOU.
Fool me twice ,SHAME ON ME!!!!!!

Think about it.

ETA: Please understand I do understand that stuff happens......but not like you're allllllll complaining about on here......not this repeatedly.

So many people willing to join a class action suit that won't go anywhere.

I'm sorry to hear that there are so many of you taht have trouble balancing your check register. This is the only thing that will so the true balance of what you have spent (if you record every transaction in it). The online banking, ATM and automated phone service can/will reflect only those items that have posted or are currently on hold. So the check you wrote for rent, the automated debit for your gym and the purchase for gas is not reflected in your available balance until after they post. However, once a debit card transaction is approved it has to be paid. So if you have a posted and available balance of $500 and then go spend five transactions on your card of $20 apiece, you're okay. Until the check you wrote last week for $480 comes in and then guess what. You caused yourself fees.

I understand it's frustrated and ahassle. However, it must not be the bank. If it was the bank the each and every account holder would be charged fees. So that means it must be the account holders posting her. And one thing is common in all the posts. The account holder spent more money than they had available. Account holders fault, not the bank's

Karney Hatch did and Wells Fargo reimbursed him money and paid his small claims court fees.

His story was recently featured in the Chicago Tribune which you can find online by searching on "Karney Hatch".

Want to see a clip from his Documentary entitled: OVERDRAWN ?

Perform a google search on the following terms: "How to Beat the bank" & "current"

It takes MONEY to initiate a class action lawsuit. There are filling fees, and mass notification-mailings to MILLIONS of folks who MAY be part of the class. Such mailings, newspaper/magazine ad and such can cost MILLIONS to mail/publish. There are DISCOVERY COST, reproducing costomer records and such. Is anyone willing to front the costs???

It takes 2-4 YEARS to resolve a class action, and when the plaintiffs win (if) they usually get a coupon worth 15% off of their next purchase.

You have to have a CASE to win. You have to establish that some law or regulation was deliberately violated to win any sort of judgment. You also have to establish that there were many others who fall under the SAME CIRCUMSTANCES; not similar or almost the same (become members of the class.)

If someone actually has been frauded by their bank or lender, they would be better off filing their OWN suit and if the monies at stake are LOW ENOUGH, file in small claims court.

It takes MONEY to initiate a class action lawsuit. There are filling fees, and mass notification-mailings to MILLIONS of folks who MAY be part of the class. Such mailings, newspaper/magazine ad and such can cost MILLIONS to mail/publish. There are DISCOVERY COST, reproducing costomer records and such. Is anyone willing to front the costs???

It takes 2-4 YEARS to resolve a class action, and when the plaintiffs win (if) they usually get a coupon worth 15% off of their next purchase.

You have to have a CASE to win. You have to establish that some law or regulation was deliberately violated to win any sort of judgment. You also have to establish that there were many others who fall under the SAME CIRCUMSTANCES; not similar or almost the same (become members of the class.)

If someone actually has been frauded by their bank or lender, they would be better off filing their OWN suit and if the monies at stake are LOW ENOUGH, file in small claims court.

It takes MONEY to initiate a class action lawsuit. There are filling fees, and mass notification-mailings to MILLIONS of folks who MAY be part of the class. Such mailings, newspaper/magazine ad and such can cost MILLIONS to mail/publish. There are DISCOVERY COST, reproducing costomer records and such. Is anyone willing to front the costs???

It takes 2-4 YEARS to resolve a class action, and when the plaintiffs win (if) they usually get a coupon worth 15% off of their next purchase.

You have to have a CASE to win. You have to establish that some law or regulation was deliberately violated to win any sort of judgment. You also have to establish that there were many others who fall under the SAME CIRCUMSTANCES; not similar or almost the same (become members of the class.)

If someone actually has been frauded by their bank or lender, they would be better off filing their OWN suit and if the monies at stake are LOW ENOUGH, file in small claims court.

You can simply choose not to overdraft your account. That would be a more productive way to go.

The lawsuits mentioned were for failure to notify customers of fee changes, they were not for the order of posting. Federal regulations and court decisions state the bank has the right to post in any order they want as long as customers are told. Every bank posts debits from largest to smallest. Keep your register with every transaction and keep that balance positive and you will not have fees. Don't spend more than you have and you won't care what the posting order is. I doubt any class action suit for posting order would be accepted by a court, but if so and if (very big if) successful the only poeple that real get any money from a class action suit is the lawyers. Just look at some of the class actions suits settled. Look at the amount paid by the company and look at what each individual receives. Bottom line is no rip off, no grounds for class action suit. Just poeple that don't properly maintain they register.

The only person that has a valid complaint is the person that depsited cash after cut off, saw that it was available and then got fees when the money was used. Yes, the money shows available and the system will allow you to use it, but the money does not post that night and is not available to cover any holds/posting items. I have personally put in many customer listening forms for customers affected by this. Hopefully it will be changed.

Like many of you I have been done the same I think that if all banks are doing this then they should have to pay for it.. what is the use of online banking and automated systems if all they do is contradict what their purpose is for..... I have also posted a complaint on wachovia on this website and plan to go further... I was amazed to see how many people have been done this way.... and the group is even larger even some of my close coworkers have complained on how wachovia will put items on hold and say that they have already been takened away from your available balance but then when they post it is a diffent story.....

They end up charging you NSF fees for items that posted against your available balance that is stealing and they really need to be held liable for it and stop what they are doing

This sounds great!! Count me in!!! Wachovia has hired RJM to collect their so called debt and they have over harassed me! Entered my credit report 6 times in one year!
Megan

I just read this ridiculous post.....The person stated in the beginning that they ALLOWED their account to overdraw. Who allows for their account to overdraw and not expect to get any fees. And then you been banking with this bank for how long and NOW you want to realize that they pay everything from highest to lowest? You didn't have a problem with it before you got your $600 in fees. So why do you care now....Oh I know why because you think the bank is being unfair about their policies. Bottom line it doesn't matter when you use your debit card or how the bank post the transactions, if you overspend you overspend!!! Keep a register....stop trying to spend like you got a AMEX Black Card. Its a checking acct...you don't have the money DON'T USE IT!!! You over spend you going to get fees POINT BLANK PERIOD!! And also some of you try to be slick and use up all the money in your acct so certain payments don't go through (I've done it too and had to bite the bullet with over $600 worth of fees too) But you got to remember this if your mortgage payment is more than that $25 trip to the nail salon or that ATM Withdrawal you made because you just needed the money for nothing the bank is going to pay it!!! What I learned is ACH withdrawals go through first, then ATM withdrawals, then the checkcard purchases. So to all of you who think you slick and think oh I'll just take all the money out or spend all the money so that my payment bounces and I can deal with it later you only screwing yourself. Some of you still haven't learned to keep a register and you only biting yourself in the butt. Its not the banks fault its your fault!! Oh and you not going to win in any type of class actions suit because of this little booklet you received when you opened the acct. (Some of you probably threw it away.) Its called a depositors agreement!!! Go to your local branch and pick one up. When you signed it you agreed to the fees. Another thing you may want to do is switch to a credit union because hey less fees. That's why I don't bank with banks, I only do credit unions. No multiple NSF fees for returned checks. Oh and they do pay from smallest to highest, but hey some how some way somebody will complain about them receiving fees period. I keep a register and anytime I ever overdrew my acct I knew so I didn't have a reason to blame the bank. Take responsiblilities for your own actions people. KEEP A REGISTER OR STOP BANKING!!!

In effort to move toward preparation in the developments to pursue the propose Class Action Against Wachovia Dealers Services

I suggest the Bernstein Litowitz Berger & Grossman LLP Firm for consideration of defense in litigation against Wach/WFS

The mentioned Attorneys previously represented a Class Actions in litigated against Lenders that included WFS and successully prevailed in defense obtaining monetary settlement.


File Complaints with the following:
FTC
BBB
NCLC
FDCPA
State Attorney Ofc


I will do research on how to pursue the claim action.

Claims:
State unfair and deceptive acts & practices laws
State Unfair Practices:
Conduct , policy, kimmoral unethical oppressive or unsrupulous,
Deceptive practices:
affirmitative misrepresentation and failure to disclose material information
defemation, infliction os of emtional stress
failure to correct accurate information

For people living paycheck to paycheck who have bills which must be paid via check...it might be best to have a bank account and use that for only withdrawing cash when needed. When something has to be paid via check...withdraw the needed amount out in cash and get a money order for that amount...Yes, this is time consuming and inconvenient....but it will prevent banks from bilking the working poor

Consumer Reports Money Advisor Sept 07 issue has an extensive article on debit cards! This is an interesting insight to the entire NSF 'situation'.

I do wonder why people think $29 / yr CRMA subscription is "too much" when that $29 / yr could save them a real bundle.... but I digress.

On pg 4, for example, CRMA points out that people who had used debit cards more than 20 times a year racked up an AVERAGE of $223 in NSF fees, while people who never used debit cards AT ALL racked up an AVERAGE of $40 in NSF fees per year.

Why do the banks push "signature charges" on your debit card? Because the bank makes more money in processing charges.... the fee to the store can easily be 7X higher when you sign for the charge rather than using your PIN.

The "REWARDS" offered for one using a signature debit cart are often illusory.

The legal protections for fraudulent card use and seller fraud are far weaker for a debit card than they are for a charge card. After all, when you have a problem with your debit card, you are trying to get YOUR money back, while with a charge card you and the CC bank are trying to get the CC BANK'S money back. Can you see the difference?

Banks do 'offer' to use your savings account as overdraft protection for your debit card, but often they may 'forget', so you STILL get NSF fees which are a form of short term overdraft loan.... and these fees can generate 1000% interest rates for the bank. There is also a breif discussion of the increasing use of the new debit card software that allows charges producing NSF fees to go through.

My take: Changing banks will do nothing if you persist in using a debit card. Simply cut up all debit cards and use a credit card. Then pay the credit card's full balance off every month, and you should be money ahead. For some perspective: If you have a credit card with an interest rate of 12%/year, rolling over a $3500 balance would only result in a monthly interest charge of $35. This is what? One NSF fee?

Some credit cards do offer some real "rewards" instead of those phony "points" scams. I get a 1% 'rebate' on my paid monthly CC charges... paid in CASH... to my credit-card-bank savings account... cash rewards work best for me!

Let's see.

I sit down with my bills then add them up. I then look at my bank account. Some simple math would tell me that I can make the payments necessary because there is enough money to cover them REGARDLESS of the order they are posted.

I am failing to see where there is a rip off.

I see you people are still following the yellow-brick road and blathering on about a Class-action lawsuit. In order to assist you with your missionary zeal to grab as much money as you can without earning it, I would like to offer the following advice:

1. Get in touch with the pitiful complainers on this site with regards to CashCall. These people, like you, borrowed money from a lending entity - then whined when they had to actually (gasp!) pay it back with interest/fees! This sort of arrangement HAS to be against the law, don't you think? CLASS-ACTION LAWSUIT BABY!

2. Call Gary Coleman and ask him for the name of a good class-action attorney where he lives. Surely, with his contacts in the carnival and porn industries he must know some bottom-feeding, ambulance chasing night court attorney who can conquer a measly little company like Wachovia and its $46 billion in total revenues.

3. Call your elected representatives and tell them you support the legislation being kicked around that would regulate further the ordering of overdraft fees. IF the legislation makes it through a Congress full of greedy fat exploiters, you can then lobby President Bush to stop this banking ripoff by signing the bill to end the madness. Similar efforts to get him to address the oil industry and the overwhelmingly unpopular Iraq War have been about as successful as you will be...so make sure you bring him your autographed picture of Michael Moore to convince him to help you.

-OR-

You can just graduate from adolescence to adulthood and accept that you should take responsibility for your mistakes and stop blaming others for your failure...the choice is yours.

I would love to join you in this action. However, mine is with Giove, Wolf, Lenahan & numerous other law firm names. However, this company is taking out ACH withdrawal from my bank for an invalid debt....any suggestions?

Please let me know what I need to do to participate. I have sufficient documentation for my case. Also, here are two articles: (((ROR REDACTED))) for further reading. I think that we would have a strong case with the ordering of the transactions from largest to smallest. I do understand that I overdrew my account, but I feel that the bank is manipulating the transaction process to get more money, which are unjust practices. Best practices would warrant processing the transactions in the order they occur.

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.

i just had to comment on the fact that these fees do not just happen to irresponsible individuals.

we made a cash deposit, to a teller, and checked our banking website that night before going out to eat. this particular account is our "entertainment account". our banking website stated the money was available and so we used that particular account to pay for it.

the next day we were hit with $66.00 dollars in fees because there were 3 other transactions made on that day that would not have been over had we not used the account to go out. not only did wachovias website tell us the money was available when it wasn't, they put that transaction through first, even though it was the last, so that they could charge us fees on the other three.

my husband and i have both both been with wachovia for many years, and have never bounced a check or had an overdraft to occur. when we called customer service they told us that since we were such valuable customers they were willing to "meet us in the middle" and give us a credit of half, $33.00.

what a slap in the face. there should have been no charge at all, and i might even be able to eat 1 charge of $22.00 now that it has been explained to me by a rep that the internet system can sometimes falsely make you think funds are available when they are not.
the money is not the issue here.

it is a point of customer service and ethical practices, and wachovia is not a good example of either. my husband and i will be taking the 5 accounts we have with wachovia elsewhere.

You also stated, "Additionally, similar class action suits against Bank of America and Wells Fargo have been settled, without a trial, for $1 billion and $24 million respectively."

I would like to know the exact details of what lawsuits you are speaking of where BOA and WF have been ordered to pay $1 billion and $24 million due to NSF fees they imposed on consumers. If they HAD lost such suits, do you really think that they would continue the penalties today? Make sure you give us specific details and court information. If you know for a fact that these lawsuits have been settled, you shouldn't have any trouble coming up with the goods here.

FYI: copying and pasting from some left-wing blog does not constitute "proof"...make sure you cite your legitimate source...if you can

Only in America would irresponsible consumers be so ignorant to think that paying clearly-stated fees for admittedly spending the bank's money without permission is cause for a class-action lawsuit...

You stated, "Yes, I allowed the account to be over drawn, but Wachovia's policy of posting the largest to the smallest amount has resulted in $695 in overdraft charges in the last 10 days - despite numerous deposits made to try to correct the problem." Hate to break the news to you, but you just admitted guilt regarding your fees. Whether or not the ordering of these items to maximize fees is FAIR is irrelevant - as are your feelings about any of it. The terms of your account were clearly stated to you - and you signed your name to a document that stated you understood how your account would be handled.

But in the spirit of 2007 America, you and countless others on this thread have resorted to the feel-good rally cry "class-action lawsuit". In other words, you spent money that wasn't yours...and now you want MORE money YOU DIDN'T EARN. Perhaps a socialist country like Sweden will welcome idiots like you, but here in America, when you reek of irresponsibility and fail to manage your money well like the rest of us do, you don't get to cry a river and collect money you didn't earn from the very bank that YOU ripped off by STEALING money you didn't earn.

Here endeth the lesson, children...

It is not only Wachovia - Almost EVERY bank in the U.S. has a largest to smallest posting policy. They clearly outline this in their terms and conditions. YES, the true motivation behind this is to generate fee income in the millions of dollars a year.

What they will tell you. They will insist they post largest to smallest to ensure essential payments (i.e. mortgage, rent, car payments) are covered to ensure their customer's are not affected by eviction, repossession etc.

The reality. As shown in many posts here the bank is aware that largest to smallest posting will generate more income. It is discussed frequently on banking industry websites, conventions, and in their professional publications. Banks ceased making profits in the 70's from interest accounts and with the advent of "free checking". They continue to brainstorm over new ways to generate this income.

Many banks will charge not only the initial NSF/overdraft fees, they will also charge a daily fee on top of this ($5.00 average) until the account is brought into a positive balance. The banking pundits here will tell you that to solve this "not to spend more than you have". While this will prevent the practice it is not an answer to the predatory practice of the bank.

Banks that instill this practice are careful, they are very adept in finding loopholes in Banking regulations, and will use these to get approval from the Comptroller of the currency in regard to this posting order.

As Robert said, unfortunately, politicians will be of little to no help. The banking industry contributes hundreds of millions of dollars to campaigns to buy favorable legislation (Bankruptcy reform is a prime example).

A class action will simply result in a no fault settlement as stated or the plaintiffs will likely lose. In less than 5 minutes of a web search I located seven separate cases in which the bank's position was defended. One involved seizure of Social Security Payment deposits to pay overdraft fees generated in this manner. Initially the bank lost the action, however the appeals court reversed the decision in the bank's favor. With this much precedent it is unlikely any court would find in favor of the plaintiffs.

Even if the class is certified, the lawyers will try to settle and the bank is likely to do so without admitting fault. The lawyers fees will eat the majority of the settlement and the plaintiffs may see $100.00 if they are lucky.

After coming to this site for help, I have found that we are not alone in the Wachovia SCAM of posting highest to lowest transactions with no consideration to deposits, or purchase dates !!! I am disgusted at the number of postings with the same issue. You would think as large a company as Wachovia is.... their loyalty management services would read these posts and use them as constructive criticism and as a tool to better their business practices and customer service skills. What is wrong with Wachovia? Why is there a different answer every time you call on how the bank works, or what you as a customer did to incur all of the fees ???? I am so upset at Wachovia, as I once prided myself as their customer and recommended them to friends and family. My only advise at this time, take your money elsewhere.

I too have filed an ror about them, I have had it with them. Here is my story that I just filed with ror. I am sooooooooooooooo with you if you start a suit against them. Thanks.
mrt-lawrenceville, ga.

About 8 months ago, I went into my branch in Lawrenceville, GA requesting that my Visa/Debit card not be approved if the funds were not physically there. They said that was a service that they offer and it was no problem to place that "CODE" on my account. So with all of the problems that I have had with Wachovia, I had them place this on my account. A couple weeks ago, I had three holds on my account from various merchants totaling 39.06. When these charges were made, there was plenty of money in the bank to cover them. They stayed on hold for a couple days and when a 22.00 check was presented, they put it in front of those charges causing an overdraft on my account resulting in 105.00 dollars in overdraft fees that they will not return. They claimed I was short when the debit charges were authorized, however, I had a code placed on my account to prevent that. I went to the branch that I bank with and the manger told me straight to my face that regardless of the code placed on my account that it really did not work and that I should not have bothered to place it on my account anyway. Why would they offer this to me and then tell me it does not work? I just don't get it. I have recently opened a new account at another bank, one that actually calls you if there is a problem with your account. I plan on standing outside of Wachovia with a big sign that says WACHOVIA SUCKS, ASK ME WHY! My new name for that bank is WALK ALL OVER YA! They should not be able to do the things they do to consumers. We need a class action suit against them.

I too have filed an ror about them, I have had it with them. Here is my story that I just filed with ror. I am sooooooooooooooo with you if you start a suit against them. Thanks.
mrt-lawrenceville, ga.

About 8 months ago, I went into my branch in Lawrenceville, GA requesting that my Visa/Debit card not be approved if the funds were not physically there. They said that was a service that they offer and it was no problem to place that "CODE" on my account. So with all of the problems that I have had with Wachovia, I had them place this on my account. A couple weeks ago, I had three holds on my account from various merchants totaling 39.06. When these charges were made, there was plenty of money in the bank to cover them. They stayed on hold for a couple days and when a 22.00 check was presented, they put it in front of those charges causing an overdraft on my account resulting in 105.00 dollars in overdraft fees that they will not return. They claimed I was short when the debit charges were authorized, however, I had a code placed on my account to prevent that. I went to the branch that I bank with and the manger told me straight to my face that regardless of the code placed on my account that it really did not work and that I should not have bothered to place it on my account anyway. Why would they offer this to me and then tell me it does not work? I just don't get it. I have recently opened a new account at another bank, one that actually calls you if there is a problem with your account. I plan on standing outside of Wachovia with a big sign that says WACHOVIA SUCKS, ASK ME WHY! My new name for that bank is WALK ALL OVER YA! They should not be able to do the things they do to consumers. We need a class action suit against them.

I would love to join you in a class action lawsuit against Wachovia Bank. You can read one of my horror stories with them here: http://www.ripoffreport.com/reports/0/255/ripoff0255454.htm

I also have a law firm in New York City that specialized in Class actions. If we get enough people, they told me that they are willing to file a class action against Wachovia for their fraudulent business practice. And they know exactly what they are doing to earn these fees. Then their customer service try and make you the guilty one by telling you that you don't keep good books. LOL!

One of the things that I love about Wachovia in their fraudulent activities is when they charge me the monthly service fees. There is no way to findout how much the monthly fee is before they charge me, or when they are going to charge it. They charge it when they feel like it. Anyway, what they do is charge me the monthly service fee and if I'm short .10 cents, they will hit me with another $35 overdraft fee. They take the money from money that's already on hold so when those charges come in, I'm hit with multiple over draft fees. The most I ever got hit by this bank was about $700.

You're going to love this one. How about when Wachovia allows Internet companies like Paypal to submit identical charges multiple times. Wachovia knows they are identical; but they still allow them and then charge you over draft fees for each and every identical transaction. It's funny because on some transactions Wachovia would pay them and then charge me; but with these internet transactions, they reject them and charge me the overdraft fee.

How about this one. Say a merchant's invoice came in today, and I had cash in the bank account, crooked Wachovia would charge me an overdraft fee and claim that when the charge was made there was not enough money in the account. Even though when the charge came in there was cash in the account to pay for it. Plus, it doesn't make sense because the only way I can make a charge on my card is if there is money in the account and the money is put on hold. One time, I caught Wachovia bank back dating my charges and lying about it. I have the proof. I will show the court how their representative faxed me a list of holds and three were missing. I obtained proof that the three were back dated and the bank used them to take my account into overdraft.

HEY, WACHOVIA, WE ALL KNOW YOU'RE A CROOKED FILTHY BANK. BUT DON'T WORRY, YOU'RE PISSING OFF SO MANY PEOPLE THAT SO MANY PEOPLE NOT ONLY HATE YOU; BUT WE ARE LOOKING FOR WAYS TO GET YOU. AND IT IS COMING.

Wachovia is truly a crooked bank. Where the hell are out politicians who are suppose to protect us from these creeps?

Im with you over $1400 in one month from wachovia ... and asked for some assistance 3 times now and nothing .... ive had it with the crap! Get this suit started

It's simple really. Tell them to refuse any transaction that would put your account negative.

No overdraft fees.

It might mean you have to walk away from a big mac, or get embarrassed at Walmart. That's what is supposed to happen when you run out of money.

Don't let the bank kick you when you're already down. I'd love to see one of these lawsuits finally win on the premise that the overdraft "fees" are really usury.

Wachovia has adopted a policy excuse where the biggest check gets cashed first.

They will give you a situation about big checks, as in a mortgage or a car payment, that makes you feel sorry.

It sounds caring and honesty but if you look at it closer, it's not.

After reviewing your account, and probably in most cases, Wachovia will not reject the small check, therefore; they will cash all the checks, from big to small, causing more than one overdraft fee.

If Wachovia did not pay the Mortgage check, you are not going to be in a situation where you have no where to live, your payment would be late, be charged a late penelty, and go on your record.

Take ownership of your account rather than rely on ATM's, online-banking, and the automated system.

Think of it as a game. Wachovia has the Terms and Conditions to back them up if you lose, and you have to monitor and budget your funds.The game is a little harder than it seems.

There are many ways you could be overdrawn, and not just having sufficient funds in your account.

If you are charged an Overdraft or an Insufficient funds fee...you lost.

My oh my, everyone is overlooking the fact; the original poster said she allowed her account to overdraft and now is upset because of the penalty. It was allowed and now there is a penalty, I am sure those who are affected by it feel it is unfair, but you choose to overdraft, no one twisted your arm.

Wachovia posts from largest to smallest Monday-Friday all the time, they did not just do it this time to charge you more fees, they do it the same way all the time, it is clearly written in the statement of fees and if you review just one statement you will see that same. If posted the other way, there would be complaints that they cleared people's $6.00 charges and returned there $900.00 rent payment and now they have no place to live, etc, it is impossible to please everyone, esp. if they are overdrafting.

I have several accounts with Wachovia and have had no problem with overdrafts in over 6 years. The bottom line, I don't authorize more funds then I have available, that way they can post however they want to, it does not matter, because I have the funds to cover the charges. I guarantee if you were not allowed to overdraft the next complaint would be, I had to buy my baby milk, but evil Wachovia would not allow me to overdraft even by just $2.00. Monitor you account and budget your funds so you don't have to purposely overdraft. Keep a transaction register and monitor the account online and thru the automated system, if anything does not look right or is showing an incorrect amount (overcharge, fraud, etc.) call the bank right away and let them know.

And its $10.00 for an overdraft protection transfer, not $7.00, so I am not sure where you are obtaining your information.

Yes, watch out for those Overdraft Fees. I have been charged numerous times.

All you can do is be very carefull when your account falls below $1000. After you pay your rent, bills, food and gas, you are nearing the Zero balance causing you to overdraft. If you averagely maintain an account with more than your expenses, than you are almost safe from the insuffecient funds fee.

I have tried and tried to avoid these fees and yet I am still being overdrafted. I keep a registry, have a reminder set up, go online baking, use their automated phone system and yet I am still overdrafting.

After this latest overdraft I had, I was very upset. I went back to my notes and my Online Banking to see what I did wrong. I found that there was nothing I did wrong.

Finally, I realized that the system is "Designed" to confuse, make you forget, and mislead you, even after you have read and understood the Terms and Conditions.

I would recommend Overdraft Savings and be charged $7.00 per transaction rather than $35.

Yes, watch out for those Overdraft Fees. I have been charged numerous times.

All you can do is be very carefull when your account falls below $1000. After you pay your rent, bills, food and gas, you are nearing the Zero balance causing you to overdraft. If you averagely maintain an account with more than your expenses, than you are almost safe from the insuffecient funds fee.

I have tried and tried to avoid these fees and yet I am still being overdrafted. I keep a registry, have a reminder set up, go online baking, use their automated phone system and yet I am still overdrafting.

After this latest overdraft I had, I was very upset. I went back to my notes and my Online Banking to see what I did wrong. I found that there was nothing I did wrong.

Finally, I realized that the system is "Designed" to confuse, make you forget, and mislead you, even after you have read and understood the Terms and Conditions.

I would recommend Overdraft Savings and be charged $7.00 per transaction rather than $35.

Yes, watch out for those Overdraft Fees. I have been charged numerous times.

All you can do is be very carefull when your account falls below $1000. After you pay your rent, bills, food and gas, you are nearing the Zero balance causing you to overdraft. If you averagely maintain an account with more than your expenses, than you are almost safe from the insuffecient funds fee.

I have tried and tried to avoid these fees and yet I am still being overdrafted. I keep a registry, have a reminder set up, go online baking, use their automated phone system and yet I am still overdrafting.

After this latest overdraft I had, I was very upset. I went back to my notes and my Online Banking to see what I did wrong. I found that there was nothing I did wrong.

Finally, I realized that the system is "Designed" to confuse, make you forget, and mislead you, even after you have read and understood the Terms and Conditions.

I would recommend Overdraft Savings and be charged $7.00 per transaction rather than $35.

i agree 1000% with the comments made wachovia or as i call them watch over yah!!!! money is a rip off artist. the way they post things to your account is totally confusing and when you think you under stand. it you get told it some times is pressented differently to you.... so i want in this month alone i have been hit close to 500 in fees. this is rediculis... i'm a young struggling worker and i need every bit of my weekly pay check

The banking regulations as they are currently written are definately not consumer friendly. And our elected representatives certainly don't care unless it would cost them an election. Any legislation proposed now or in the future will certainly be watered down to please financial lobbies with only minor improvements to appease the consumer.

My biggest frustration is that most people spend little if no time researching the bank they are entrusting their money to. A simple thing like reading through the bank's account term's and conditions before opening an account would possibly save not only hundreds of dollars in fees but alot of stress. And you would be very surprised at what other rights you have waived by opening an account. The way the policies are currently set up there is absolutely no easy way to beat the banks at the fee game unless you have some working knowledge of their policies and can call them on it if a fee is charged that shouldn't be.

As with most class action law suits, the banks will most likely settle without admitting fault, the majority of the settlement will go to the lawyers and precious little to the parties of the class action.

Change could happen but won't happen tomoorow and in the mean time all a consumer can do is be as knowledgable as possible on their bank's policies. Yes, it's a lot of work but that's all we've got to avoid fees.

Also, join your local consumer advocate group with either a donation of money or time. The more numerous the voices the louder the message.

The banking regulations as they are currently written are definately not consumer friendly. And our elected representatives certainly don't care unless it would cost them an election. Any legislation proposed now or in the future will certainly be watered down to please financial lobbies with only minor improvements to appease the consumer.

My biggest frustration is that most people spend little if no time researching the bank they are entrusting their money to. A simple thing like reading through the bank's account term's and conditions before opening an account would possibly save not only hundreds of dollars in fees but alot of stress. And you would be very surprised at what other rights you have waived by opening an account. The way the policies are currently set up there is absolutely no easy way to beat the banks at the fee game unless you have some working knowledge of their policies and can call them on it if a fee is charged that shouldn't be.

As with most class action law suits, the banks will most likely settle without admitting fault, the majority of the settlement will go to the lawyers and precious little to the parties of the class action.

Change could happen but won't happen tomoorow and in the mean time all a consumer can do is be as knowledgable as possible on their bank's policies. Yes, it's a lot of work but that's all we've got to avoid fees.

Also, join your local consumer advocate group with either a donation of money or time. The more numerous the voices the louder the message.

The banking regulations as they are currently written are definately not consumer friendly. And our elected representatives certainly don't care unless it would cost them an election. Any legislation proposed now or in the future will certainly be watered down to please financial lobbies with only minor improvements to appease the consumer.

My biggest frustration is that most people spend little if no time researching the bank they are entrusting their money to. A simple thing like reading through the bank's account term's and conditions before opening an account would possibly save not only hundreds of dollars in fees but alot of stress. And you would be very surprised at what other rights you have waived by opening an account. The way the policies are currently set up there is absolutely no easy way to beat the banks at the fee game unless you have some working knowledge of their policies and can call them on it if a fee is charged that shouldn't be.

As with most class action law suits, the banks will most likely settle without admitting fault, the majority of the settlement will go to the lawyers and precious little to the parties of the class action.

Change could happen but won't happen tomoorow and in the mean time all a consumer can do is be as knowledgable as possible on their bank's policies. Yes, it's a lot of work but that's all we've got to avoid fees.

Also, join your local consumer advocate group with either a donation of money or time. The more numerous the voices the louder the message.

The banking regulations as they are currently written are definately not consumer friendly. And our elected representatives certainly don't care unless it would cost them an election. Any legislation proposed now or in the future will certainly be watered down to please financial lobbies with only minor improvements to appease the consumer.

My biggest frustration is that most people spend little if no time researching the bank they are entrusting their money to. A simple thing like reading through the bank's account term's and conditions before opening an account would possibly save not only hundreds of dollars in fees but alot of stress. And you would be very surprised at what other rights you have waived by opening an account. The way the policies are currently set up there is absolutely no easy way to beat the banks at the fee game unless you have some working knowledge of their policies and can call them on it if a fee is charged that shouldn't be.

As with most class action law suits, the banks will most likely settle without admitting fault, the majority of the settlement will go to the lawyers and precious little to the parties of the class action.

Change could happen but won't happen tomoorow and in the mean time all a consumer can do is be as knowledgable as possible on their bank's policies. Yes, it's a lot of work but that's all we've got to avoid fees.

Also, join your local consumer advocate group with either a donation of money or time. The more numerous the voices the louder the message.

I just posted a report on exactly the same things, I will join you in your class action suit as Wachovia has stolen $1,000.00 this month and as embarrassing as it is to say this, likely $10,000.00 in the last 3 years!! I was made to believe that it was my poor banking habits. Their "online Banking" is false, misleading and downright criminal. No matter how many "records you keep, they are all wrong! Wachovia decides when a transaction is posted and then they will take that transaction back and pay the large check and charge $250 for the 8 transactions that already posted but not really casue they were "holding" them!

I just posted a report on exactly the same things, I will join you in your class action suit as Wachovia has stolen $1,000.00 this month and as embarrassing as it is to say this, likely $10,000.00 in the last 3 years!! I was made to believe that it was my poor banking habits. Their "online Banking" is false, misleading and downright criminal. No matter how many "records you keep, they are all wrong! Wachovia decides when a transaction is posted and then they will take that transaction back and pay the large check and charge $250 for the 8 transactions that already posted but not really casue they were "holding" them!

I just posted a report on exactly the same things, I will join you in your class action suit as Wachovia has stolen $1,000.00 this month and as embarrassing as it is to say this, likely $10,000.00 in the last 3 years!! I was made to believe that it was my poor banking habits. Their "online Banking" is false, misleading and downright criminal. No matter how many "records you keep, they are all wrong! Wachovia decides when a transaction is posted and then they will take that transaction back and pay the large check and charge $250 for the 8 transactions that already posted but not really casue they were "holding" them!

I just posted a report on exactly the same things, I will join you in your class action suit as Wachovia has stolen $1,000.00 this month and as embarrassing as it is to say this, likely $10,000.00 in the last 3 years!! I was made to believe that it was my poor banking habits. Their "online Banking" is false, misleading and downright criminal. No matter how many "records you keep, they are all wrong! Wachovia decides when a transaction is posted and then they will take that transaction back and pay the large check and charge $250 for the 8 transactions that already posted but not really casue they were "holding" them!