Wells Fargo recently purchased Wachovia. Throughout the purchase, all customers were necessary to transform their online bank balances towards the fresh Wells Fargo program. I've both individual and corporate (c-corporation) balances. While doing the transformation to Wells Fargo, I had been educated that after I access my own records online, my Corporate balances may also be available. Like a Class C Company, I'm simply a worker of my company though I've majority voting privileges on its' panel. I get a salary the same as every other worker might. Formerly, I'd individual logins/passwords for individual and corporate records, as-is regular information protection exercise. I had been educated by Wells Fargo they don't help this and my UNRELATED company balances will even appear in my own personal account login. I told them this is possibly an enormous information protection problem plus they mentioned that there's nothing that would be completed.
A couple of months before, MY OWN online account was compromised and utilized from Mexico—Wachovia (prior to the purchase) ceased the crack, and my company balances were never at risk because they were individual from my own consideration. Under this fresh "better" program, all my balances might have been possibly breached.
I'm shocked that the business who ought to be as worried about information protection as Wells Fargo might consider this kind of inferior program. I plan to shut all my balances at Wells Fargo and move them to some lender that really cares about information protection.
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