Wachovia Bank
Grandmother's $50,000 CD Moved by Phone to Son-in-Law's Account

My grandmother is nearly 80 years old. For years she's kept all of her money along with a reasonable CD account with Wachovia bank. However when she was sent to live with me and my mother we found that she was broke. Hundreds of thousands of dollars that she had at one point - all gone. Wachovia bank tells the story that someone called and transferred all her money to her son in laws account including her 50 thousand dollar CD account. Wachovia holds no responsibility and tells me that large amounts like such can be transferred on the phone and admits no fault to transferring her money into her son in laws account even though his name was not on any of her accounts. Wachovia gave away thousands of dollars. She now cannot afford a lawyer to go after her son in law or the bank. Her life savings was given away and she was left with next to nothing. This is a disgrace and something needs to be done.

Company: Wachovia Bank
Country: USA
Site: wachovia.com

  <     >