Don't bank with Wells Fargo | |
Anonymous Coward User ID: 1460976 United States 07/09/2011 11:30 AM Report Abusive Post Report Copyright Violation | They have been considered crooks for ages. They had a terrible reputation back in the 70's to be sure. there are some links here that show that's just how they do business. [link to www.creditinfocenter.com] |
Anonymous Coward User ID: 1458368 United States 07/09/2011 11:33 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1377908 United States 07/09/2011 11:38 AM Report Abusive Post Report Copyright Violation | Don't blame it on the bank, blame it on the banking laws. I had BofA and another independent bank do the same thing. The banking laws give them the authority to honor any drafts or checks that were legally authorized to continue EVEN AFTER THE ACCOUNT IS CLOSED! They are ALL CROOKS! |
Anonymous Coward User ID: 1292314 United States 07/09/2011 11:41 AM Report Abusive Post Report Copyright Violation | Don't blame it on the bank, blame it on the banking laws. I had BofA and another independent bank do the same thing. The banking laws give them the authority to honor any drafts or checks that were legally authorized to continue EVEN AFTER THE ACCOUNT IS CLOSED! Quoting: Anonymous Coward 1377908They are ALL CROOKS! Writing checks and then closing the account so they can't get paid makes the account holder responsible, not the bank. Don't write checks if you don't intend to allow payment to be applied. It's called stealing. |
Anonymous Coward User ID: 1377908 United States 07/09/2011 11:43 AM Report Abusive Post Report Copyright Violation | In this case, it sounds like the OP had an on-going bank draft (monthly) that was authorized to continue. I had it explained to me that it was very important that you contact the company creating the draft to cancel the authorization before you close your bank account... |
Anonymous Coward User ID: 1461087 United States 07/09/2011 11:44 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1257704 United States 07/09/2011 11:55 AM Report Abusive Post Report Copyright Violation | I read ("Community banks are the way to go.") Community banks regenerates the money to the "Community" you live in. In other words the money that a Community bank makes "Stays in the community" Unlike big banks,any profit's it generates goes out of state or out of the country. |
Anonymous Coward User ID: 1257704 United States 07/09/2011 11:59 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1257704 United States 07/09/2011 11:59 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1460976 United States 07/09/2011 12:08 PM Report Abusive Post Report Copyright Violation | Don't blame it on the bank, blame it on the banking laws. I had BofA and another independent bank do the same thing. The banking laws give them the authority to honor any drafts or checks that were legally authorized to continue EVEN AFTER THE ACCOUNT IS CLOSED! Quoting: Anonymous Coward 1377908They are ALL CROOKS! Writing checks and then closing the account so they can't get paid makes the account holder responsible, not the bank. Don't write checks if you don't intend to allow payment to be applied. It's called stealing. If you possessed adequate reading comprehension skills you'd have understood that THE BANK FAILED to STOP DRAFTING. In other words. it was entirely the Banks fault. I doubt you understand. |
vacuumhead User ID: 1384464 United States 07/09/2011 12:12 PM Report Abusive Post Report Copyright Violation | Go with a Credit Union. The three tellers there all know my name and one of them even asks how our cats are doing. A few years back when Discover for no reason decided to raised my interest rates to near 30%, I obtained a credit card through the Credit Union, where the interest rate has consistently held at 7.3%. You accounts have nearly the same government protections as the commercial banks and your debit cards likewise work equally as well nearly everywhere. |
Anonymous Coward User ID: 1292314 United States 07/09/2011 12:18 PM Report Abusive Post Report Copyright Violation | Don't blame it on the bank, blame it on the banking laws. I had BofA and another independent bank do the same thing. The banking laws give them the authority to honor any drafts or checks that were legally authorized to continue EVEN AFTER THE ACCOUNT IS CLOSED! Quoting: Anonymous Coward 1377908They are ALL CROOKS! Writing checks and then closing the account so they can't get paid makes the account holder responsible, not the bank. Don't write checks if you don't intend to allow payment to be applied. It's called stealing. If you possessed adequate reading comprehension skills you'd have understood that THE BANK FAILED to STOP DRAFTING. In other words. it was entirely the Banks fault. I doubt you understand. It is not the responsibility of the bank to stop an automatic draft. It is the account holder that must contact the vendor and cancel the automatic draft. It's the same thing as writing a check. Read the terms of your agreement with the bank, then you'll understand. |
vacuumhead User ID: 1384464 United States 07/09/2011 12:29 PM Report Abusive Post Report Copyright Violation | In this case, it sounds like the OP had an on-going bank draft (monthly) that was authorized to continue. I had it explained to me that it was very important that you contact the company creating the draft to cancel the authorization before you close your bank account... Quoting: Anonymous Coward 1377908The banks have the option to to cancel the draft if they like. When I had to reauthorize my updated debit card, the Credit Union discontinued the monthly draft from the gym. |
Anonymous Coward User ID: 1292314 United States 07/09/2011 12:39 PM Report Abusive Post Report Copyright Violation | How do I change or cancel an automatic withdrawal or payment? To change or cancel an automatic payment you’ve arranged with a company, please contact that company directly. We are unable to change or cancel your agreement with them. However, we can place a stop payment to prevent the payment from posting to your account. The stop payment will remain in effect for 6 months. To have a stop payment order placed on your account, please call us at 1-800-TO-WELLS (1-800-869-3557) and provide us with the following information: Date of transaction Amount of transaction Account number Name of originating company Type of stop payment request (one-time or all future payments) ATM or Debit Card number (if it is a recurring payment made with your ATM or Debit Card) More information about stop payments Placing a stop payment order does not release you from any contractual agreements. You may still be held to the terms of the agreement you have made. There is a stop payment fee. For fee information for your account, please refer to your Consumer Account Fee and Information Schedule or call us at 1-800-TO-WELLS (1-800-869-3557). [link to www.wellsfargo.com (secure)] |
The6thFloor
User ID: 1263459 United States 07/09/2011 12:47 PM Report Abusive Post Report Copyright Violation | |
weegie
(OP) User ID: 1461067 Switzerland 07/09/2011 03:15 PM Report Abusive Post Report Copyright Violation | Its always a good idea to leave a checking acct open so that any outstanding checks can clear. Quoting: Anonymous Coward 1458368It was NOT an outstanding check. We had NO outstanding checks. It was an unauthorized draft by an insurance company that was already TOLD to stop drafting our account. It should have been returned unpaid. |
weegie
(OP) User ID: 1461067 Switzerland 07/09/2011 03:16 PM Report Abusive Post Report Copyright Violation | Don't blame it on the bank, blame it on the banking laws. I had BofA and another independent bank do the same thing. The banking laws give them the authority to honor any drafts or checks that were legally authorized to continue EVEN AFTER THE ACCOUNT IS CLOSED! Quoting: Anonymous Coward 1377908They are ALL CROOKS! Writing checks and then closing the account so they can't get paid makes the account holder responsible, not the bank. Don't write checks if you don't intend to allow payment to be applied. It's called stealing. We didn't write any checks. It was an unauthorized draft on a CLOSED account. Fuck you, I don't steal. |
Ilikecandy
User ID: 1420549 United States 07/09/2011 03:19 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1292314 United States 07/09/2011 03:30 PM Report Abusive Post Report Copyright Violation | Don't blame it on the bank, blame it on the banking laws. I had BofA and another independent bank do the same thing. The banking laws give them the authority to honor any drafts or checks that were legally authorized to continue EVEN AFTER THE ACCOUNT IS CLOSED! Quoting: Anonymous Coward 1377908They are ALL CROOKS! Writing checks and then closing the account so they can't get paid makes the account holder responsible, not the bank. Don't write checks if you don't intend to allow payment to be applied. It's called stealing. We didn't write any checks. It was an unauthorized draft on a CLOSED account. Fuck you, I don't steal. My response wasn't to your post. It was to AC 1377908. I'm not going to return your fuck you, because I can see that you didn't read the agreement with the bank. I'll simply suggest to you that in the future you should go over the terms of your bank account thoroughly. Learn from this. If you issued a stop payment and can show evidence that you cancelled the automatic draft in a timely manner with the company who sent it through, then you should pursue getting that money back using the legal system. But thanks for the fuck you anyway. It gives your case so much more credibility. |
Just Me User ID: 1443283 United States 07/09/2011 04:08 PM Report Abusive Post Report Copyright Violation | Sent all legal proper paperwork certified return receipt ---- uh uh, they claimed they LOST it, oh oh, but found a copy. Lots of paperwork to settle a deceased person's estate, not to mention timelines, etc. Fortunately I had all my documentation and green cards. Fortunately I had the State of Washington on my side (I was probating from another state). And I ended up having to file a complaint with the U.S. Comptroller, the big cheese, and guess what, all of a sudden they rushed it through. Yeah, I agree, run. NEVER did get my brother's safe deposit contents, whatever they may have been, God only knows. Will never do business with them after this experience, totally incompetent, and I couldn't help but think it was done on purpose to keep the digits on their books a bit longer. They were having financial difficulties during this time frame according to news reports, so it didn't surprise me, but it sure did raise my blood pressure a few notches with all the run arounds I received for a YEAR. The estate technically could have been settled within a month or two of them receiving all my paperwork, it took almost a YEAR. I already had the WA DOR and State of Washington sign-off's, etc. There was no legal reason to delay releasing my deceased brother's funds to the family heirs for so long, and then the run around, oh we lost the paperwork. |