I deposited a 4500 check to my checking account at Wachovia on 8/29. It was from another local bank 5 miles down the road, not a bank in Timbuktoo, but after I checked my account it said it would be Sept. 9 before the funds would be available. HUH? Couldn't they call the bank, would not have even been long distance, and verify the funds. So what did Wachovia do?
Due to my own negligence I forgot to pay my property taxes so I did have a garnishment. That is why I deposited the funds, to pay that and a very large dental bill. I knew how much money I had in the bank before the deposit and had not spent anything out of it to avoid NSF fees. They also knew how much I had in there but took it upon themselves, without warning or notice to go ahead and make a payment for the taxes on Sept 3.
Mind you I had a held check for 4500 in there. They could not wait 3 more days, so I get hit with a 35.00 NSF fee. I too have checked other banks and on local checks, they do not hold funds but 1 or 2 days. I was not asked to sign any form, I was not told that the funds would not be available for 5 days. And on the website it says that funds will be available within 2 business days, which should have been on the 3 of Sept since the banks were closed on the 1st.
I have been a customer of Wachovia for over 10 years, when it was First Union, but as soon as these funds clear I will get all of my money out. I guess they are having to charge these fees to pay for the lawsuit they lost. I am on a limited income, I am over 55 and right now I have no money whatsoever because of this so I will sit home and drink water from the tap, can't afford the electricity to make ice, and stale crackers, and I will do without the prescription I just had filled for my blood pressure
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