Wells Fargo & Company Complaint - Checking Account Practices
I have had both checking and savings accounts with Wells Fargo for more than 10 years and have had problems with them from day one. I have always had direct deposit with them on a military payment I received the first of every month but they invariably post debits to my account before they post the direct deposit credits. I end up at the bank arguing with them to get them to take off the overdraft fees. I have deposited check in amounts of up to $15,000 and never had a hold put on them until now. I deposited a check on Monday for $18,600 garunteed funds (it was a life insurance policy surrender check) and they put a 14 day hold on the funds stating that the company may not honor the check. I really needed the funds available withing 5 days - their only suggestion was for $1860 on money I deposited into my checking account and wanted to charge me interest on it. BEWARE of big corporate banks, they are out to screw you in everyway they can. They hold your money hostage so they can capitalize on it but don't want to give you access to it when you need it. Once they release the funds from my last deposit I won't be allowing them to capitalize on my hard earned money anymore.
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