I deposited a personal check of $400 at an ATM machine in Hayward, Ca. Three days later I noticed the check has had been reversed. I called Wells Fargo and was told to call back the next day when the ATM processing center was open. After calling back I was told the check was not processed by WF because it was missing the date. I checked the Electronic Funds Transfer Act, Check 21 Act other regulations and found nothing to support their view. I was read over the phone the WF blanket warranty and told that they can reject any check they want for any reason. I told them they can't refuse a check because they don't like the cut of its jib.
Well Fargo proceeded to charge me 4 overdraft fees at $33 each. The biggest problem is my family and I recently moved to Austin and used all of our money for the down payment on our second house. We have been living off our CC until our old house closes in 2 weeks and I receive some business payments next week. Therefore WF took my last $400, plus $250 I used to cover some payments. Now I am completely broke. This is put so much stress on I thought I was going to have a Heart Attack (I'm still having checks pains over this).
I contacted the California Banking Association and they are now looking into this. If I found out they truly have broken the law, I plan on suing them.
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