Wachovia Bank
OverDraft Charges

Hello everyone who has been shafted by Wachovia banks. It seems to me that Wachovia as a whole is setup to post, deposit, and transact monies in 'customer's' accounts as they please. I have now come to realize that not all overdrafts were my mathematical error. Oh and did you know that the 'On-line Banking' is only a 'tool' to help you with your money? Well it's sure nice to know that what I was looking at was a manifestation of what was actually happening with my well earned money. How come the bank has a different view of your money than what you can see from the comfort of your personal computer? Hear is my dilemma... On 4/14/08 I had exactly $59.11 in my checking account. I purchased breakfast at McDonald's -$2.12 So $59.11 -2.12 — $56.99 Had to have a bit of gas -$15.02 that's $56.99 -15.02 — $41.97 Now as you can see I have $41.97 in my account, mind you that McDonald's is in my 'Check Card Holds', but It shows deducted in my 'Available Balance'. So now I wanted to make dinner for my fiance, so I pick up a few things at my local grocery store... Well as any human being may do I spend exactly $43.64 getting food. OH NO! I have went over my balance by $1.67. But I do not panic, I simply deposit $10.00 into am ATM and feel that I have covered myself from the headache of any penalties. Not exactly. I am slammed with $35.00! Then they charge me another overdraft of $35.00! All the while I had put in the $10.00 to cover my little overage of $1.67, Wachovia charged me $70.00 for this slight overage! I really feel that the bank manipulated the monies being deposited and posted to benefit Wachovia. And when I went to the bank to dispute my case the bank manager printed out a copy of how my money was received which was not the order that I had spent it in. Even my fiance who is an Electrical Engineer could not decipher the terminology and jumping from 'Available' and 'Holds' math that the bank man was doing. Wow do they go to school to learn how to work numbers to screw people out of the money they trust banks to keep safe?

Company: Wachovia Bank
Country: USA

  <     >