Wells Fargo & Company Complaint - Wells Fargo refuses a deposit
BOULDER, COLORADO -- Jennifer Wright This Is You. I purchased my sister's share of real estate we jointly inherited. I correctly signed a cashier's check made payable to me over to her. My sister tried to deposit the check in her Boulder, CO Wells Fargo Bank branch, where she does all her banking and has her mortgage. Wells Fargo wouldn't take the check, even after they called my bank to verify the check was valid. They said she couldn't prove I'd signed it over to her. This despite the fact I talked to them on the phone, had my bank verify my instructions, was willing to fax ID, etc. Finally she sent the check back to me. My bank, Fifth Third Ohio made a fuss that the check was signed over to her, so the money wasn't mine anymore. I refused to leave the bank until they decided they could write "not used for intended purposes" on it and deposited it back into my account. I would love to send a second cashier's check to my sister in her name, since they claimed that the only problem with the first one was that it was a third party check, but my sister would probably kill me. She wants to do a wire transfer now. I think Wells Fargo did all this just so they could extort the wire transfer fee out of us. We have basically lost several weeks interest dealing with their incompetence.