Complaint / Review
Wachovia Bank
Convenient Over Draft Fees rip off policy

I'm also a victim, all the reports about overdraft fees with Wachovia sound familiar.

Here is how the scam works, below are numbers which are for sample only:
Lets say you have $800.00 in your Wachovia account.
You than make three separate withdrawls, one for $100.00, another for $50.00, and anoher for $100.00. You should be left with $550.00. But if Wachovia sees a large some of $800.00 posted after all you previous three transactions, let's say the mortgage, Wachovias favorite" they will cover the $800.00 leaving the consumer with a -$250.00, and charging the consumer 3 overdraft payments. They are making millions in overdraft fees using this higer sum to lower sum scam.
I wish someone out there can help us stop this abuse by these large corporations.
Thank you