Wachovia Corp Complaint - Wachovia systems designed to charge maximum overdraft
IRVINE, CALIFORNIA -- Did you know Wachovia put through all transactions from highest to lowest? this is done because of charging you overdraft the most. I'm computer engineer and I know exactly how they programmed their systems to charge the most. here is example: if you have two transactions going through, one for $14.00 and the other $5.00 and you have only $6.00 in your checking account. they process $14.00 first and charge you $30.00 for NSF and they process $5.00 and charge you another $30.00. however, if the system process $5.00 it passes and you won't be charged for NSF and only would get charged for $14.00.
you know that if you have a credit card, you can use that as over draft protection in case you don't have enough funds, it then gets it from your credit card and no NSF fee. but, Wachovia won't issue any credit card, even for $100.00 credit, in order to charge over draft for sure. all banks if you don't have credit card, they at least can issue you $300.00 card, wihich is minimum.
I dealt with Wachovia for two years and even worked at Wachovia bank for 1 year and I know exatcly what is happening in their system to suck people blood in order to get maximum from them. no wonder, their sister company is carmax, that is really ripping off everyone. buying cars from you $1000.00 selling it $8000.00 and also making money on interest. !!!