I have noticed in the last few months Wells fargo has been processing several checks and holding them until my bank account doesn't have enough funds and then running them through the system resulting in many overdraft fees. They always seem to do this right before my payday (which is direct deposit) and when I am lowest on money.
The biggest problem is that if I go online, or to a ATM my account will show I have money in there even though the checks were cashed. This results in some debit card transactions for that day thinking I have enough money in my account. Of course I get hit with overdraft check fees and now overdraft for debit card purchases I made for that day. I once got hit for 33 dollars for going one penny over! I have probably paid at least 20 overdraft fees for debit card overdrafts this year alone.
My complaint is this... First you shouldn't be able to use your debit card to make transactions if your account is negative. Since checks are pending and not shown in your account it will seem like there is money there when there is really not. Wells fargo will let you use your debit card as much as you want when your account is negative resulting in many over draft fees.
Wells fargo should not bundle checks for sometimes a week or more waiting until you go negative and then cashing them. They should instead cash them as they are processed that day.
Besides all of this Wells fargo has very long teller lines, 3 dollar fees for using a non wells atm, and 5 dollars for a money order! I have also heard lots of other people say they are the worst bank in America and I totally agree. I am now transfering to another bank with a better reputation
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