Dude, you can get pissed and switch if you want to, but I'd reconsider. My SO works for Wells Fargo and her father is a big wig at BoA - so I'm partial but strangely impartial as well... You can get pissed at this little thing that happened to you this week, but with if you're a person that uses ATMs and other similar conveniences such as 24 hour customer service, WF is all over the damn place. I bank at a home-brewed bank and in my area, there are plenty of places to get cash. However, if I leave my little microcosm of suck, I perpetually have to pay the $1.50 or whatever to get cash at a Tyme machine. Piss me off! At least with a corporate monster like WF, you're likely to get customer service or whatever you need pretty much anywhere and any time you need it.
Think of it like this - if you drink beer and choose a run-of-the-mill domestic beer as your staple; while you may not have the best beer experience every time, the consistancy, economy, and availability may outweigh the competition at times. Budweiser isn't a fancy-pants beer and not that good in the grand scheme of the world, but I take solace in the fact that I can go virtually anywhere in the country and get my regular beer at a decent price. So is it with Wells Fargo. (perhpas not a great analogy)
<--may be currently impared by above referenced beverage.
hehehe, im on the phone with wells fargo yet again . . . im begging for them to, if not eliminate, reduce the fee
Regulation D (Reg D) prohibits more than 6 non face-to-face transactions on a savings account. (ATM, Online Transfer, etc -- Anything where you don't SEE a bank employee) For a financial institution not to participate in Regulation D, its required that they keep enormous deposits on hold with the federal reserve. At most banks, the first time you go over, there is a fee, the second or third time they'll convert your savings account to a checking account. The fed takes this violation seriously, those nasty letters you get are just your banks way of passing along the message.
Was it a flat $70 charge? Or were you charged a fee which caused you to go negative, which charged other fees?
$70 is a little hefty for a first time Reg D violation.
The last time I ever saw one it was $20.
BTW, you could always join a credit union -- most do the logical thing and just block you after 6.
i was charged $70 flat, no negatives, nothing
just got off the phone with a wells fargo customer support . . . that guy was such an idiot . . .
i'll protest some more a little later
just got off the phone with a wells fargo customer support . . . that guy was such an idiot . . .
i'll protest some more a little later
don't protest. just call a couple more times... i was charged $20 for overdrawing a check (my deposits were not clear yet), and the first guy i called was being an ass. the second time i called a girl waived the fee for me.
OREOSpeedwagon
Diamond Member
- May 30, 2001
- 8,485
- 1
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ouch.. i only get one withdrawl per month with my savings account but each additional withdrawl is only $0.50.
I left Wells Fargo a few years ago because of fees and the lack of customer service. I don't know how anyone else feels about Washington Mutual, but my branch rocks.
how has your experience with washington mutual compared to wells fargo? there's a WaMu right across the street from my WeFa, and I have been considering using them . . .
TiA
TiA
Seconded. Any bank that charges you a $70 fee for excessive savings withdrawals doesn't need your business. You just gave your bank $110. Find another bank.
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