I think I am getting screwed over by my bank ( Wells Fargo)
The banks guideline is that if you have to have a positive balance before 4pm each day to not get a overdraft charge. If you are overdrawn at all after 4pm you will get a 35$ overdraft charge.
But I feel like I have been getting screwed over by them because, we have had over 1000$ in overdraft charges in the last couple months!! We are getting hundreds of dollars of overdraft charges every other day!! Usually 200$ at a time! And theres nothing we can do about it!!
We make sure to have a positive amount in the bank everyday before 4pm!
When I call and ask about these charges they very rudely tell me there is nothing they can do about it because even though it shows the transaction came out right away, it really didnt!
However the part they are making it impossible for us is, they "randomly" post transactions from all different times in the week to our account ALWAYS at 3:59pm!! pretty much every other day, which only gives us one minute to be able to fix it, but even if we could fix it in one minute, they don't show us they are doing this, not online, nor at the ATM, it shows we have a positive balance and that no money is being taken out! There is no way for us to know when, or how much is being taken out and at what time! So even if we wrote down every transaction from the past couple weeks, which we do, we have no way of knowing which ones, and how much, they are going to decide to post that day! Also, they ALWAYS "randomly" post JUST above the amount we have in our account at 3:59pm!
So if we had 150$ in our account at 3:58pm, they would post 5 diff transactions to our account (that were made at all diff times in the last couple of weeks) that add up to 155$ at 3:59pm!! So we would be overdrawn by 5$ at 4pm!! And they charge us 35$ for EACH transaction they decided to post!! So instead of getting one 35$ charge, we would get FIVE 35$ charges at the same time!!
This happens throughout the entire week! We asked them how we can know when somethings coming out, and what time its coming out at, and the guy said "I guess you can't" !!
This makes it impossible for us to avoid these rediculous charges! Because one day they will post 5 different transactions from monday, wednesday, and friday lets say, then the next they will post 4 different transactions from tuesday and thursday! We don't know from when and how much thats going to be taken out each day, so we don't know how much money needs to be in to cover the amount on a day to day basis!! If it doesnt show us on the ATM or online, then we have no way of knowing! The people I talk to on the phone are very rude and just tell us we can't do anything about it and we should "just know"!
They told us we can't get a overdraft protection because our credit card is hooked up to our checkings, but we have to have it that way.
We are definatly thinking about changing banks, but not wanting to lose ALL the money they have taken from us in "overdraft charges" we are young struggling students and can't afford all these charges!
This just doesn't seem right to me?? Does it to you?? We are thinking something fruadulent is going on?? Has anyone else gone through this with Wells Fargo or anything simular?? What do you think we should do? Any advice??
Thank You for your time! :)
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