Wachovia
Charged $75 Per Account to Close Six Accounts After Moving
- 10-04-2004
- 11
I recently moved from the Atlanta area to West Virginia. I had several accounts with Wachovia (started with First Union). I had to close the accounts because Wachovia did not have any branches in my area of West Virginia.
Wachovia charge me $75.00 per account to close these accounts. The total charge was $450.00. These accounts included IRA, brokerage, checking and my children's savings accounts.
I was never notified of the charge. In fact, in some cases the charge was hidden and showed up as a difference in the last cash balance on the closing cash balance without an itemized notation on the final statement.
Customer service (what a joke of a name) could care less. Beware this company. They want their fees at all costs and have no scruples once they decide you are not worth doing business with.
Company: Wachovia
Country: USA
State: North Carolina
City: Charlotte
Address: 401 South Tryon Street