I opened a personal checking account 3 years ago almost to the day.
I did not want to pay their 5$ check cashing fee.
I withdrew all funds but 1$.
In January they charged the first of three 5$ Dormancy fee's.
Apparently around new years I failed to open and send in a post card to keep my account as "Active Open" this let the 1$ balance checking account slip into Dormancy.
Today I opened a letter from Focus Receivables Management LLC informing me that I owe 54$
When I called Wachovia they informed me that this was my own doing and all I had to do was request the account be closed instead. They also state that "Dormancy fee's" can not be refunded in my state. My only option is to call the debt collector and pay the debt or my credit score will be damaged.
Having no other account then this bogus free personal checking there to cash perhaps 3 checks avoiding 15$ in fee's has now cost me 54$
Long story short: Do not trust the banking industry, they are there to make money.
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