Wells Fargo
Transactions held and posted before deposit to maximize overdraft fees

Hi all,

I've been a customer of Wells Fargo for quite some time now. During this time I've come to realize that Wells Fargo has a sneaky way of doing business that really hurts their customers. It seems that they group your banking transactions, be it checks or ATM usage, and transact them the day before a known deposit. They know my deposit habits because I have auto-deposit.

Here's an example, the last two automatic deposits I had I noticed I had a number of transactions post the NIGHT before the deposit went in, which was at 6am the morning.

The I have is the atm transactions were made 1 week prior and the checks that cleared were 3weeks old. It seems like they are holding these until you're down to your last 20 or 30 bucks that should last you into the next morning but NO, they drop about 6 or 7 atm and old checks on you. Never fails. I've noticed more random transaction clear dates when there's enough money in the account. If I'm going into an autodeposit with like 1000 bucks in the bank I don't have 6 or 7 transactions drop on me then. I see them coming in when they're supposed to. It's like they are trending you and holding transactions until they can make a larger profit from you.

This has recently happened twice in a row. I think a class action lawsuit is in order. Even if we all don't win it should cost them our overdraft fees.

Also they admittedly clear the large action first then about 5 little transactions clear each earning them $35 bucks a pop. They pay them all in my account whether the money is in or not but they make sure they clean me out in the process by these bullshit overdraft fees. If they are going to pay them anyway, why then wouldn't they clear the little ones first then bounce the bigger one only costing me 1 overdraft fee instead of 6x35? Doesn't make any sense other than they are RIPPING PEOPLE OFF.

Class action needed!!!

Company: Wells Fargo
Country: USA
State: Minnesota
City: Minneapolis

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