I hate Wachovia

[Zolty]

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.

I am accepting donations

 

[dug777]

Originally posted by: 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.

Unlike BigJ, who keeps 12months earnings in his current account, languishing with a tiny interest rate :laugh:

 

[Jeeebus]

you obviously didn't read the post. He claimed to have more in his checking than most people have in their 401ks.

He didn't say he had more in checking than he had in his own 401k.

He didn't say anything about yearly contributions.

Jesus, if you want to argue over the Internet, at least read the statement you're getting wrong.

 

[BigJ]

Originally posted by: 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,

I'm acting like a 5 year old when I'm telling people to not make asinine assumptions when they couldn't possibly know anything about someone's financial situation?

And 12 months is too long? I didn't say 12 months earnings, I said 6-12 months living expenses. Disabilitiy insurance varies in coverage. It may not kick in immediately, you may not receive an adequate amount, anything can happen.

Nobody is 100% sure of the job market. There are plenty of people on these boards that have had trouble finding work for many months, and some that had trouble finding work for years.

 

[BigJ]

Originally posted by: Jeeebus
you obviously didn't read the post. He claimed to have more in his checking than most people have in their 401ks.

He didn't say he had more in checking than he had in his own 401k.

He didn't say anything about yearly contributions.

Jesus, if you want to argue over the Internet, at least read the statement you're getting wrong.

And where did he say he didn't have a 401k or IRA?

 

[BigJ]

Originally posted by: dug777

Originally posted by: 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.

Unlike BigJ, who keeps 12months earnings in his current account, languishing with a tiny interest rate :laugh:

Learn how to read Dug.

 

[acemcmac]

I'm surprised you're having so much trouble. I am very happy with wachovia, but that's probably because I've never ever bounced a check, and I don't write them very often, so the chances of that happening any time in the forseeable future is exactly zero

 

[SpanishFry]

is the amount you owe the company very high? obviously you would want to pay them off as soon as possible.

ask to speak to a higher up in wachovia's customer service

 

[lokiju]

Originally posted by: 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?

It was a company I had a auto-payment set up through that was directly set up through them not my bank so they have my routing and account number, I realize the issues with this now but nothing can be done to change that.

I do owe them money and have payed them via other means (not with this accout) yet that auto payment still tried to process even though I set it to be canceled so in the mean time while I'm trying to get this straightened out with that company I don't trust them to not try again.

 

[DurocShark]

Originally posted by: krunchykrome
I think Goosemaster or DurocShark would have some good insight with type of thing. :laugh:

Hey....

Well, yeah.

 

[acemcmac]

If you're really nice to the wachovia reps and explain that all of these charges were unauthorized (which from the sound of your story, all but one defintley were), wachovia might just waive the fees for you... At the very least, you're going to want to get the accoutn back to a positive balance before you start asking them to credit those fees as a sign of good faith on your part.

 

[allisolm]

Originally posted by: lokiju

Originally posted by: 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?

It was a company I had a auto-payment set up through that was directly set up through them not my bank so they have my routing and account number, I realize the issues with this now but nothing can be done to change that.

I do owe them money and have payed them via other means (not with this accout) yet that auto payment still tried to process even though I set it to be canceled so in the mean time while I'm trying to get this straightened out with that company I don't trust them to not try again.

Sounds like you've got a number of problems. Hopefully, local bank personnel will be able to help. The ones at my Wachovia branch have always been very helpful when a problem pops up. Good luck!

 

[altonb1]

Dude...that sucks. Good luck getting it straightened out....

 

[kranky]

I can only imagine how frustrating it would be to have someone causing you to have a pile of NSF fees and no way to stop it.

That's one reason I have not and will not have any automatic withdrawals from my checking account. It would be easier, that's for sure. But even though I am good at keeping my books balanced, I don't want to find out some day that some fat-fingered minimum-wage clerk accidentally withdrew $1000.00 instead of $100.00, and now it's my problem to get it all straightened out.

 

[allisolm]

Originally posted by: kranky
That's one reason I have not and will not have any automatic withdrawals from my checking account. It would be easier, that's for sure. But even though I am good at keeping my books balanced, I don't want to find out some day that some fat-fingered minimum-wage clerk accidentally withdrew $1000.00 instead of $100.00, and now it's my problem to get it all straightened out.

Exactly. I once got a $10,000 water bill. It was an error, but I hate to think about possible problems that could have resulted from automatic withdrawal in that particular case. I'd much rather try to straighten things out BEFORE paying than try to get the money back AFTER it's been paid.

 

[Aquaman]

I keep 2 months earnings in my ING acount Just for emergencies

Cheers,
Aquaman