Comments | buddykat: Argh!!!!!!!

buddykat

Argh!!!!!!!

Oct 03, 2008 10:04

I do NOT want an account with Wells Fargo. I have NEVER wanted an account with Wells Fargo. I now don't have a choice - Wachovia rejected Citigroup's offer and is merging with Wells Fargo instead (it is a better deal for Wachovia - no government assistance will be needed with the Wells Fargo deal ( Read more... )

Comments 6

galtine1 October 3 2008, 17:24:18 UTC

I had more problems with CitiGrope (both banking and credit cards) than I have had with WellsFragment (banking and credit cards)...neither are prefered in my world.

And WaMoo being picked off by ChaseYouDown doesn't make me happy either. But until the dust settles, I don't recommend moving monies into new accounts. If you have a CU account that you can take advantage of -- do so. Right now, they are the only thing that "feels" stable at the moment.

buddykat October 3 2008, 17:38:31 UTC

Neither WaMu nor Chase has branches in PA, the closest branches are in NJ, so I was debating on staying with them anyways.

Since I am moving so soon, I see no point in opening a new CU account here... mrshirt belongs to a CU out there, I can wait until after I move to open an account.

bovil October 3 2008, 19:32:42 UTC

K's baby sister is a veep at WF in accounting. She juggles $6B spreadsheets on a daily basis.

Wells Fargo is one of the few major banks who (for the most part) stayed out of the sub-prime mortgage market. It's one of the reasons they can afford to make these buys. They're flawed, but as major national banks go, they're still better than many others.

buddykat October 3 2008, 20:32:02 UTC

Oh, I know that financially they are very stable. They are the only AAA rated bank in the United States (and one of only two in the world). It's their customer service and nickel and dime fees that I have issues with.

luke_jaywalker October 4 2008, 21:51:41 UTC

Seriously, that nickel-and-diming is why I've refused to do business with them. That and their repulsive attitude towards cashing their own paper:

"This is a corporate check for $40 drawn on *you guys*. I'd like to cash it."
"Sure. There'll be a $10 fee."

In Boston I have never encountered a bank that charges a penny to cash its own paper. I assume it's illegal in MA - as it damn well *should* be, everywhere.

Wells Fargo wanted 25% of the check; the local checkcashing sharks only wanted a tenth of that. No way are they getting my business in any capacity, ever.

Unless the alternative is Bank of America. Wells Fargo may be sharks; BofA are #$#%ing *criminals*.

buddykat October 4 2008, 22:08:53 UTC

Yeah, BofA does the same thing. It's illegal to do so on payroll checks in CA, but they still try. I had a check for Jury Duty from the county drawn off BofA for mileage a few years ago... they wanted to charge me $5 to cash it - the check was for LESS THEN $5; yeah, I went to my own bank and deposited the check.