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How did your weekend switch go?

10/16/2011 10:24:03 PM

This thread reminds me that I need to go to my nearest Wachovia Wells Fargo branch and close the account I have there.

10/17/2011 8:07:29 AM

Those signs are horrendous.

10/17/2011 10:04:37 AM

been with wachovia since i was like 16

closing my accounts as soon as i can do some research on online checking accounts

10/17/2011 10:41:34 AM

i currently have wells, had another wach that now got joined, rbc, pnc, a credit union, and a charles schwab checking accounts.

schwab is the tits.

long story as to why i have, and still fund 4-6 checking accounts at a time

10/17/2011 10:44:03 AM

God the company I consolidated my student loans with blows. They're making it exceedingly difficult to switch over my auto payments from Wachovia. Bitches be trifling

10/17/2011 10:45:45 AM

Is there cause to close my student account and shift to a different bank?

I am very financially uneducated.

10/18/2011 4:56:06 PM

^^^i don't think i could handle 4-6 checking accounts. I have money in 3-4 different places but only 1 primary checking account.

10/18/2011 5:03:54 PM

wonder how long its going to be before we gotta pay just to hold our money there.....


seriously thinking about starting my own bank. Fresh Start = no financial crisis!

10/18/2011 5:18:57 PM

And this is why I have NFCU and USAA accounts.

10/18/2011 8:12:45 PM

My weekend switch went fine, and my old card even works

10/18/2011 8:58:18 PM

finally logged in to my old wachovia accounts to setup the wells fargo online stuff and it only transferred (or at least shows) one of my two accounts.

I was going to close both anyway now but hopefully I have no problems getting the money out of both.

10/21/2011 7:29:45 PM

their website blows. online activity tracking looks like a clusterfuck. I've heard of a lot of people who are planning on switching. Wachovia is the only bank I've ever used - thoughts on others that are good?

10/21/2011 11:17:04 PM

credit union

to be honest, i also have first citizens, while not the best bank, they haven't been nearly as shitty as other banks (from stories i've read). my father doesn't like FC's investor services though. But he LOVES their insurance agents.

[Edited on October 21, 2011 at 11:21 PM. Reason : ,]

10/21/2011 11:20:41 PM

I'm switching over to coastal federal

10/22/2011 8:14:38 AM

^^^If you don't do many cash deposits, I'd recommend Schwab. Mobile deposits for checks under 1k, otherwise you've got to mail them... does your job do direct deposit?

And if you like carrying cash to spend... they cover your ATM fees up to 6/mo. And the checking account bears interest (currently .2%, but wellsfargo savings has .05%). Credit unions will probably have larger interest rates on checking, and ATM reimbursement, but their online banking systems (which sounds important to you) may be pretty shitty.

[Edited on October 22, 2011 at 11:35 AM. Reason : .]

10/22/2011 11:31:35 AM

second the comment about the signs.

and it wouldn't be so bad but there was once a wachovia on every corner so now those signs are everywhere.

10/23/2011 12:56:45 PM

No major qualms with Wells Fargo, but (a) their signs do look like sh*t and (b) I fear all major banks are going to adopt the BoA checking account model with $5 fees for using a debt card.

I was driving near my wife's campus the other day and she said "those signs look terrible... is that a yellow bush or something on the bottom?" She thought it was 'scrolling' or some kind of abstract design. I guess the sign makes more sense if you were brought up around the Wells Fargo logo and know what the silhouette is.

I looked at the local credit union, but there is a local bank in good standing that offers 2% interest on your balances and has a full-service branch in walking distance from my house. Bingo.

10/24/2011 9:53:48 AM

^I'll third (or fourth, whatever) that the new signs look shitty and are way too big. Even my little daughter commented that she liked the way the bank looked before. Sad when the tot notices ugly signage.

More annoyingly, though, is the way they do business. I've only been their customer for 2 weeks, and already I've decided they SUCK!

First experience was an $8K check deposit on Oct 17. The decided to delay the fund availability for 9 DAYS! What kind of shady check was it, you ask? Something from my brother-in-law written on a check with a Homer Simpson background? Did I wrinkle it up, forget to endorse it, or something like that? No, it was a printed check from Prudential, a big pappa insurance and investment company, endorsed for deposit only. I didn't need the money available right away, but 9 days? You've got to be kidding me. This morning I deposited a $4K CASHIER's check from a local credit union. It has not posted as available as of this evening. IT'S A CASHIER's CHECK!

Next was the $5 fee they decided to slap on my formerly free savings account on Oct 31. To make matters more obnoxious, when I called to ask about it, the call center lady sassed me. She ended up reversing it after being sassy and condescending for about 5 minutes. She gave me this big lecture about how I didn't meet the account minimum (I have $20K there in personal accounts right now between checking and 2 savings accounts and my spouse has hundreds of thousands there in a business account) and how Wells Fargo policy is different from Wachovia policy. Well guess what, sassy call center lady, MY policy is that I don't pay a $5 monthly fee to have a shitty little savings account that's paid me 1 cent in interest this month. And they have this big friggin new sign in their new banks about how important customer service is to them. What a joke.

Believe it or not, I never had a single problem with Wachovia in 17 years of banking there. Everyone there was always nice, and I never ever ever had an unexpected fee (in fact I've never had ANY fees of any kind other than foreign transaction fees which i hate but at least I know they're coming.) The one time I had something weird on my statement, the Wachovia call center lady was extremely polite and helpful. That's why we went with Wachovia for the business account, and again there were no problems.

Sadly, just for my own convenience I have to leave the money at WF until I close on a business deal near the end of this year, but then I'm GONE! FUWF!

11/1/2011 10:58:40 PM

Quote :

"No major qualms with Wells Fargo, but (a) their signs do look like sh*t and (b) I fear all major banks are going to adopt the BoA checking account model with $5 fees for using a debt card."

they've all rescinded this proposal. even BoA today...WF and other large banks and some regionals that were considering it all dropped it after they saw the outpouring of bad press and got cold feet. BoA had to stick it out a bit longer because they were at the tip of the spear on the issue.

11/1/2011 11:11:52 PM

they'll find other ways to get their money with more hidden fees.

11/2/2011 10:15:02 AM

It exists. But it won't go anywhere this Congress.

Quote :

"H.R.3156 -- Consumer Debit Card Protection Act (Introduced in House - IH) HR 3156 IH 112th CONGRESS 1st Session H. R. 3156 To repeal the debit card interchange price control provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and restore balance to the electronic payments system, and for other purposes. IN THE HOUSE OF REPRESENTATIVES October 12, 2011 Mr. CHAFFETZ (for himself and Mr. OWENS) introduced the following bill; which was referred to the Committee on Financial Services A BILL To repeal the debit card interchange price control provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and restore balance to the electronic payments system, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the `Consumer Debit Card Protection Act'. SEC. 2. REPEAL OF FEDERAL CONTROLS ON DEBIT CARD INTERCHANGE FEES. (a) Repeal- Effective as of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203), section 1075 of that Act is repealed, and the provisions of law amended by such section are revived or restored as if such section had not been enacted. (b) Rulemakings Voided- Any regulation or information collection proposed or prescribed by the Board of Governors of the Federal Reserve System pursuant to section 920 of the Electronic Fund Transfer Act (as added by title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act) is void and shall be withdrawn by the Board and shall have no force or effect. SEC. 3. STATUTORY CORRECTIONS. (a) Electronic Fund Transfer Act- The Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.) is amended-- (1) in section 904-- (A) subsection (a)-- (i) by amending paragraph (2) to read as follows: `(2) AUTHORITY OF THE BOARD- The Board shall have sole authority to prescribe rules to carry out the purposes of this title with respect to a person described in section 1029(a) of the Consumer Financial Protection Act of 2010. In prescribing such regulations, the Board shall--'; (ii) by redesignating the last 4 paragraphs (designated as paragraphs (1) through (4)) as subparagraphs (A) through (B), respectively; (iii) in subparagraph (C) (as so redesignated), by striking `the Board'; and (iv) in subparagraph (D) (as so redesignated)-- (I) by striking `any' and inserting `send any'; (II) by striking `shall be sent'; and (III) by striking `by the Board'; and (B) in subsection (e), by striking `to--' and all that follows and inserting `to the Bureau in making determinations regarding the meaning or interpretation of any provision of this title for which the Bureau has authority to prescribe regulations.'; and (2) in section 918(a)-- (A) in paragraph (3), by striking the period and inserting `; and'; (B) in paragraph (4), by striking `; and' and inserting a period; and (C) by striking paragraph (5). (b) Consumer Financial Protection Act of 2010- Section 1002(12)(C) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5481(12)(C)) is amended by striking `, except with respect to section 920 of that Act'. (c) Rule of Construction- The amendments made by subsections (a) and (b) shall not be construed as limiting or expanding any authority granted to the Bureau of Consumer Financial Protection under the Consumer Financial Protection Act of 2010. Nothing in this Act or the amendment made by this Act shall be construed as granting such Bureau the authority to regulate debit card or credit card interchange transaction fees."

11/2/2011 10:56:17 AM

Quote :

"...rbc, pnc..."

RBC is becoming PNC

11/2/2011 1:23:41 PM

Closed both my accounts on 11/4 and received cash for 100% of what was in both of them and then promptly deposited it our normal bank.

On 11/7 I receive a notice in the mail that says I had an overdraft of $25 of the following type:

Withdrawal Made In A Branch

The letter states that I owe $25 plus a $35 fee...Just got off the phone with the 1-800 number from there and they were no help and I was basically left with the fact that I owe them this money. They are telling me that they gave me $25 more than what was actually in my account. They didn't but even if they did, whose fault is that?

Now I am going to have to spend my own time some day this week now to go back to that branch and figure this out. Bunch of idiots.

11/13/2011 3:37:58 PM

when i closed out my account i got hit with a bogus 35 dollar overdraft fee as well.

11/13/2011 4:53:14 PM

How did you get it cleared up? I expect I will get this taken care of when I got in person this week but it is still either really shady or really stupid.

11/13/2011 5:43:22 PM

I just ended up paying it because they sent it to a collection agency before they ever even notified me I owed the money. Which is pretty fucking shady in itself.

11/13/2011 9:04:54 PM

Fuck them. Fight back.

11/13/2011 10:05:41 PM

Quote :

"Next was the $5 fee they decided to slap on my formerly free savings account on Oct 31. To make matters more obnoxious, when I called to ask about it, the call center lady sassed me. "

Hmm, guess I need to check my accounts. I only have it open to pay my student loans so I'll be pissed if they've started charging me money for having it open.

11/13/2011 10:11:53 PM

Quote :

"I just ended up paying it because they sent it to a collection agency before they ever even notified me I owed the money. Which is pretty fucking shady in itself."

I'm sorry. If this shit ever happens to you again (I hope it doesn't) then you simply have to send a letter back to the collection agency that you dispute the charge. Send them a short letter on real paper, not a check. Keep a copy for yourself and copy the letter to the bank. If a collector calls first, simply tell them you dispute the change and instruct him or her not to call you again, then send a letter disputing the fee to the bank. Usually that is all that is needed and you will never hear from them again. If then isn't sufficient and you are a student, then consult with the good folks at student legal services, which is free, and they might even send a letter on their fancy letterhead on your behalf, and it will still be free.

I know that your time probably isn't worth disputing $35, but that is what they are banking on when they wheedle you for it. If you just pay, they profit.

11/13/2011 10:26:47 PM

I saw something else that reminded me to check and found that my Wachovia Way2Save account has been charged $5 monthly fees at random (November and March).

My Essentials (free checking) account wasn't touched.

Time to close it out.

4/18/2012 3:05:53 PM

yep me too. bye bye fargo

4/18/2012 3:21:01 PM