I hate Wachovia

[lokiju]

I have 0 funds, theres nothing I can do to change that until I can secure income, so of course something bounced, the item that bounced has been attempted to be rewithdrawn over and over racking up over $300 in negative funds, I've told the company that's trying to make the withdrawal to stop, I have no funds, removed all autopays I had setup etc... but it still keeps happening.

So I called up Wachovia to say I want to freeze my account so that no transactions can be made anymore, they say "You can't freeze an account here, you can only close it out" so I say "OK close it out" and of course they say "well you can't close it out, you're negative"

I'm like WTF!!?!? I can't pay it and in the mean time it's going to keep building up these NSF fees causing me to owe more that I don't f'ing have!!!!

I'm going to go to a local branch and see WTF can be done.

This is BS.

/rant

 

[allisolm]

There's some information missing here, I fear.

 

[lokiju]

Originally posted by: allisolm
There's some information missing here, I fear.

Typo fixed.

 

[krunchykrome]

Yea, sounds like a nasty situation. The bank will most likely close the account themselves and turn it over to collections once it reachs a high enough negative balance.

 

[dug777]

I've had a auto payment dishonoured when i forgot to move some money at the start of a month, omg that was irritating. It bounced, and i got charged a $50 dishonour fee

Plus the fun of sorting out the missing payment :|

 

[Baked]

So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

 

[waggy]

yeap. thats why you do not write checks when you do not have money. crap like this tends to happen

 

[krunchykrome]

I think Goosemaster or DurocShark would have some good insight with this type of thing. :laugh:

 

[jlbenedict]

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

 

[krunchykrome]

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

 

[Jeeebus]

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

/signed

 

[waggy]

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

i agree with that.

i keep a "hidden" amoutn of $500 in mine (its not in my quicken or book). that way i do not ever bounce a check. and if i have a small emergancy its there to grab.

 

[BigJ]

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event. 6-12 months of living expenses is a fine amount to have in savings/checkigns.

Pretty much what I'm trying to say is that you have absolutely no idea of his financial situation, so making an assumption like that is idiotic.

 

[Jeeebus]

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event.

gee I don't know... an interest bearing savings account? CD? Mutual fund?

Anywhere else that doesn't piss away your hard earned money....

 

[dug777]

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event.

Meh, at the very least it should be in a short term term deposit, actually earning a meaningful amount of interest

 

[BigJ]

Originally posted by: Jeeebus

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event.

gee I don't know... an interest bearing savings account? CD? Mutual fund?

Anywhere else that doesn't piss away your hard earned money....

Here's my edit:

6-12 months of living expenses is a fine amount to have in savings/checkigns.

Pretty much what I'm trying to say is that you have absolutely no idea of his financial situation, so making an assumption like that is idiotic.

 

[krunchykrome]

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event. 6-12 months of living expenses is a fine amount to have in savings/checkigns.

Pretty much what I'm trying to say is that you have absolutely no idea of his financial situation, so making an assumption like that is idiotic.

At least put the money into a damn ING account. That's as liquid as a checking account.

 

[BigJ]

Originally posted by: krunchykrome

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event. 6-12 months of living expenses is a fine amount to have in savings/checkigns.

Pretty much what I'm trying to say is that you have absolutely no idea of his financial situation, so making an assumption like that is idiotic.

At least put the money into a damn ING account. That's as liquid as a checking account.

You mean the 2-3 business day processing times? When you can walk up to an ATM or branch and take out money instantly?

I'll repeat myself: You don't know his financial situation. He could have tens if not hundreds of thousands invested in mutual funds, stocks, bonds, + maxed out IRAs, 401k, pension plan, etc. And then he keeps a decent amount of money in his checking out.

Christ, are we that eager to flame people on these forums?

 

[krunchykrome]

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event. 6-12 months of living expenses is a fine amount to have in savings/checkigns.

Pretty much what I'm trying to say is that you have absolutely no idea of his financial situation, so making an assumption like that is idiotic.

At least put the money into a damn ING account. That's as liquid as a checking account.

You mean the 2-3 business day processing times? When you can walk up to an ATM or branch and take out money instantly?

Yes, 2-3 business days. Thats all. For something that should require the amount of money we are assuming, he should have 2-3 business days to take care of the situation.

He's wrong, and you're wrong, and you're both jerks.

 

[Jeeebus]

Originally posted by: BigJ

Originally posted by: Jeeebus

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event.

gee I don't know... an interest bearing savings account? CD? Mutual fund?

Anywhere else that doesn't piss away your hard earned money....

Here's my edit:

6-12 months of living expenses is a fine amount to have in savings/checkigns.

Pretty much what I'm trying to say is that you have absolutely no idea of his financial situation, so making an assumption like that is idiotic.

October 3, 2005- In the five years since the end of 1999 through 2004, those Americans who consistently maintained their 401(k) accounts in that time period saw their balances rise 36% to an average of $91,042, according to a study released by the Employee Benefit Research Institute and the Investment Company Institute.

Explain to me the financial situation that makes my statement an idiotic assumption, please.

 

[allisolm]

You say "the item that bounced has been attempted to be rewithdrawn over and over" and "I've told the company that's trying to make the withdrawal to stop." Is it a check you wrote? Do you owe them the money?

 

[dug777]

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event. 6-12 months of living expenses is a fine amount to have in savings/checkigns.

Pretty much what I'm trying to say is that you have absolutely no idea of his financial situation, so making an assumption like that is idiotic.

At least put the money into a damn ING account. That's as liquid as a checking account.

You mean the 2-3 business day processing times? When you can walk up to an ATM or branch and take out money instantly?

I'll repeat myself: You don't know his financial situation. He could have tens if not hundreds of thousands invested in mutual funds, stocks, bonds, + maxed out IRAs, 401k, pension plan, etc. And then he keeps a decent amount of money in his checking out.

Christ, are we that eager to flame people on these forums?

You're the one who's reacting like a five year old :roll:

For almost anyone, 12months earning is a crazy amount to have in your current account all the time IMHO,

 

[Baked]

... it's a joke damn it. That was my way of saying how I never write checks w/o sufficient fund in my check acct. I put money into my 401K, IRA, and HSBC. But I also leave enough money in the checking acct so I don't run into situation like the OP.

 

[BigJ]

Originally posted by: Jeeebus

Originally posted by: BigJ

Originally posted by: Jeeebus

Originally posted by: BigJ

Originally posted by: krunchykrome

Originally posted by: Baked
So that's why people balance their check book and checking acct. Meh, never bother doing that. I have more money in my checking acct. than people have in their 401K and IRA.

If you have more money in your checking account than people have in their 401K and IRAs, you are an idiot.

And what if he already maxed out his 401k/IRA for what he can contribute individually, and is just waiting on company matching/paycheck contributions?

Where is he supposed to put the money? It's nice to have a decent amount of very liquid assets in the event of a major life event.

gee I don't know... an interest bearing savings account? CD? Mutual fund?

Anywhere else that doesn't piss away your hard earned money....

Here's my edit:

6-12 months of living expenses is a fine amount to have in savings/checkigns.

Pretty much what I'm trying to say is that you have absolutely no idea of his financial situation, so making an assumption like that is idiotic.

October 3, 2005- In the five years since the end of 1999 through 2004, those Americans who consistently maintained their 401(k) accounts in that time period saw their balances rise 36% to an average of $91,042, according to a study released by the Employee Benefit Research Institute and the Investment Company Institute.

Explain to me the financial situation that makes my statement an idiotic assumption, please.

And you know he doesn't have his 401k and IRA maxed for individual contributions (reserving enough for company match/paycheck)...how?

 

[Zolty]

Obligitory "Next time have money in your account when people withdraw from it...."

That sucks man, GL with them. Maybe call them up real nice and ask for a supervisor maybe they can reduce the NSF fees