Sadly, Wachovia is not the only bank that rips people off. Most banks that I've dealt with do the same, and there are banks far worse than Wachovia. However, this is what Wachovia did to us:
One time, there was a lien put on our account. However, the lien was in no way legal. I went to a lawyer to explain the situation. He agreed, not legal, and charged me $300 to write a letter to the bank explaining that there was no basis for the claim (no judgement, no contract) and it was for an out-of-state alleged fee from 20 years ago. Wachovia immediately released the hold on the money and acknowledged that it was there mistake to put an invalid lien through. However, they refused to refund the "$100 lien processing charge" they had imposed on the account. If you admit it was your mistake, why would you leave the charge?
More recently, on my husband's account, some unauthorized charges were put through. There was not enough in the account, so the charges were rejected-not paid, and he was fined $35 multiple times. He informed the bank that the charges were unauthorized, but they said the charges were still valid and that the only way to stop more unauthorized charges was to pay the fines, close the account and re-open a new one. Yeah, right.
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