Wells Fargo
Debit Order Processing Creates Excessive Overdraft Fees

Business & Finance

Wells Fargo Bank process of debit and credits with checking accounts and debit cards creates excessive over draft charges and it's my belief that they know what they're doing. Its methods makes it very difficult to balance account. I consider it criminal.

There process to debit your largest check amount first which will make your other checks no good, so in turn they get $34 per item that they return. If you use the visa on your debit card it is immediately taken from your account and then credited back that night, which causes confusion with your balance, not that it's there responsibility, but they know this confusion creates fees when the vendor submits item for payment and it then taken from account again.

Those are just two examples of them knowing what they are doing.


Company: Wells Fargo
Country: USA
Site: wellsfargo.com
  <     >  

RELATED COMPLAINTS

Wells Fargo
Debits Processed Immediately and Checks Bounced Over Pending Transactions

Wells Fargo
Checks Held Then Processed Together to Create Overdraft Fees

Wells Fargo Bank
Checks Processed Largest First to Maximize Overdraft Fees

Washington Mutual Bank
Rif off when account is low to collect overdraft fees San Mateo California

Wells Fargo
Debits Posted Largest First, Turning One Overdraft Into Four Fees

Wells Fargo Bank
Overdraft Fees Over $600 Despite Watching Online Banking Balance

Wells Fargo
New $3.00 Monthly Debit Card Fee Added to Other Account Fees

American Servicing Company - Wells Fargo Bank
Overdraft Fees From Posting Largest Charges First

Wells Fargo
Courtesy reversal of two overdraft fees refused

Wells Fargo Bank, Inc
Excessive overdraft fees bordering on underhanded business practices