Wachovia Bank, NA
Six Overdraft Fees of $35 for Three Charges After 2 PM Cut-Over

Wachovia's daily "cut-over" is at 2:00pm here in Georgia, therefore anything that happens after that time is considered to have occurred on the next business day. I am too upset to write in any great detail, but the long and short of it is that I had one item to be presented for payment and 2 pending before the 2pm deadline, was charged 4 overdraft fees of $35 each. This happened on a Friday, so I waited until the next business day (Monday) to call, with the expectation that I would be able to have the additional fee removed once everything had been posted and/or cleared; only to learn that I had received an additional 2 overdraft fees of $35 each. When I called to say that I received 6 fees for 3 charges, I was advised that this was correct, because of blah, blah, blah...

No one can make me understand how 3 transactions legitimately deserve 6 fees! This is not the first time and I am of limited means. I believe these banks make most of their money off of poor people and that all their practices are predatory in nature.

Company: Wachovia Bank, NA
Country: USA
Phone: 8009224684
Site: wachovia.com

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