Wells Fargo is trying to take my 89 year - old father home, went to court February 14th 2024, proved with papers that my father does not owe Wells Fargo anything, they dropped the case, when they saw the papers our attorney showed to the judge, now they're trying to take it to Federal Court. Lawyers State how can, Wells Fargo do that it's not a crime. I thank this young lady for speaking out. Pray for my father, that Justice be served, against Wells Fargo.
Wells Fargo is awful, they escrow to pay my homeowners insurance even I have my home insurance. They never refund it back at the end of the year during tax returns. It means I have to pay insurance double to cover my home. They owe me thousands and I never get it. Bad bank!
I don’t remember who said it, but I recall a government official who went on record saying “If Wells Fargo was not a legally chartered bank, it would be a criminal organization.”
I totally agreed with this lady- >they are huge huge monsters since many moons ago… ripping off clients thru many programs/ options… that they’ve been cross-selling.. I am one of their retired employee- I learnt all the bad things and freak out with the way they operated their monkey systems!!!
@@stephansmith4840The absence of a brick and mortar location tells me nothing. One of the biggest and best banks for military and veterans (USAA) literally has one brick and mortar location that is located in San Antonio, Texas. But they serve their patrons worldwide and have one of the best overall rankings for financial institutions. And the location in San Antonio - I don’t think it’s even a customer service office. I think it’s a corporate office.
I made a $2000 deposit to B of A and two weeks later my mortgage, car and insurance payments bounced. I phoned and they told me there was no sign of the deposit and go to the branch I used. So I went with my deposit slip and asked for the manager. She basically said too bad. She wouldn’t check or do anything. So I raised my voice so everyone in line could hear and announced I was phoning 911 to report a bank robbery as the Bank had robbed me of $2000. At that point she went, researched it an found it was deposited into the wrong account. I had to insist she rectify it on the spot and write 3 letters for my accounts stating it was a bank error and reverse the bounce fees. I had to threaten her to do this. B of A is the worst.
Did you ask for those letters that BOA wrote & then you put those letters in the mail, otherwise they will trash those letters. Also did you ask if there was a charge or fee for those letters to be wrote. Banks hate to admit they created & caused errors.
That happened to me at Peoples Bank. Put my deposit in someone else’s account! They wouldn’t honor my slip. But they called me later & found their error. I said the same thing you did & they paid the fees for bounce checks. I took all my money out of Peoples & never looked back!
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 5years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
Big Credits to Melissa Terri Swayne she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Margaret has been a good guide through the year...
Michigan has a "double" payment /punitive damages ...in small claims ...or ...simply reporting it to a court/judge ....BANKS IN MICHIGAN MUST STAMP A "BAD" *PAYCHECK* "INSUFFICIEN FUNDS" ...ALSO NOT PAYING FOR WORK DONE IS AGAINST FEDERAL "ANTI-SLAVERY ACT" ...ALSO MICHIGAN LAW ALLOWS CONFISCATION OF COMPANY PROPERTY ...TO BE SOLD AT AUCTION FOR PAYMENT OF WAGES
Wells was the same way. 5 teller windows and one person working. Line stretched out the door and some dork in a bowtie with a clipboard staring at us, doing nothing. I strongly suggested if he was just going to stand there he could open a window. He said he would have to open a drawer. THEN OPEN IT. He did. lololol
I walked into (Bank of America) and went up to the teller. I asked if they could change a $100 bill for me into 20's. I was immediately told no. And that I had to have an account for them to do that. This goes to show you how shytty the banks are. A person should be able to walk into any bank and be able to change a large bill into small bill, because its a bank. They should not tell people that they need an account just to change a large bill. Another situation were I was in another state years before, and the same thing happened but with (Chase Bank). I was told that because I presented an ID that was not from the state, and that it was from a different state, they could not change my $100 bill into smaller denomination to pay for gas. When I started to ask why and question them about it. They called the cops on me. Mind you I was not disruptive in any way, all I did was ask why they could not just change the bill and why they are not accepting the ID thats from my state DMV. Cops told me to leave. I was then given a ticket of $250 for disturbing the peace in california. DO NOT do business with Chase or Bank of America.
USBANK told me that they were NOT SEY UP TO SCCEPT PAYMENTS FOR AAA BILL PAYMENTS. I was told by AAA that I need to make auto enter policy payments each months through IS BANK. After reporting this to ASA, I was advised to set up bill pay arrangements through my CREDIT UNION ACCOUNT- which I had NO PROBLEM DOING!
I think that is more of a liberal California thing. In states where lawlessness reigns crooks can steal with no repercussions but law abiding citizens are treated like criminals.
I worked for BofA and was treated liked crap by their banking, they are horrible about paying their bills too! Did contract work for Wells Fargo and they sucked the worst, treated terribly by upper management.
At age 18, I found out how banks actually work. Since then, I’ve only had credit union accounts. Through my military career-world wide travel, etc. I’ve never had any problems. I’m 72 now.
Been with Wells Fargo for over 25 years. I love them, never any problems. Not only that, they have caught fraudulent charges a number of times that tried to get charged to my account. Always helpful on disputes...
Yes I do have a savings in my credit union. Problem is: I have 85k mortgage left with Wells Fargo. I have considered having my credit union buying off my mortgage at a lesser rate. More research needed before making the big switch.
I got out of banks a long time ago. Now I am a member of a credit union, and so are my son and all my grand children, even the youngest ones. My credit score has never been better, interest rates are much lower for borrowing and higher for saving than any bank.
I closed ALL of my accounts with BOA 5 years ago because of FRAUD!!!!!!!! THEY refused to acknowledge THEY did not investigate it -- and just kept sending me bogus letters stating that I either did the fraud or allowed someone to use my card!!! (I banked with them for over 40 years!!!!!!!!!!!!) Go to a Credit Union; they serve the Members; the banks serve Shareholders!!!)
A famous veteran International banking consultant advised Americans to do their banking with a small-town credit union. Bank of America has not been good for the common man for the past 50 years.
Chase is the best big bank out there. They don’t charge you overdraft fees if it’s under 50 and if it’s over 50, just pay the whatever balance to get it under 50 and pay when you can. They even got pay in 4, whereas if you purchase something for $200 or whatever it cost, they break it into 4 monthly payments to help the low income people survive. You can’t beat Chase if you want big bank protection🤷🏾♂️
I learned not to do business with Wells Fargo many years ago. How these crooked banks can stay in business in our country is beyond me.. thanks for the video..
This Wells Fargo Bank in Texas was a disaster and had a problem with staff that stole money and everyone that had an account came to withdraw their money.
Simple. The big banksters own congress. Several members of the house and senate are there to do the bidding of these fat cats. If you thought they are the people’s representatives, God forbid servants, you are very sadly mistaken!😔
I was happy with my credit union for many years. This year they started making me jump through hoops to avoid a monthly charge. It started that I had to use the debit card to charge $ 500 each month. No problem as Food is more than that. Now it is use the card 10 times a month. I seldom go to places to use a card more than 4 or 5 times a month. Looks like I will have to do things like put in a few dollars of gas at a time instead of filling up. Being retired I do not usually use a tank of gas more than once or twice a month. I really like to use a credit card that gives me back 1 1/2 % for most things.
Citi bank is next bad after Chase, Boa, Wells Fargo. I just opened an account with the 1st credit union and I'm testing the water. Hopefully they are as good as what they are saying for the opening promotion. If you spend $10 or more on their debit card for 10 X within 60 days, they'll give you $200 reward credit into your account.
I’ve had Wells Fargo for about 20 years and had zero problems with them. But I know higher up the chain they have done some corrupt stuff, they all suck!
I started with First American Bank in Wash DC in 1990. Bank changed into Union bank and later into Wachovia, which became Wells Fargo. All along they have kept the same account number which I have now have for 34 years. Wells Fargo has served me well. I don't get charged any fees for printed statements or stop payments or printed checks. Have not have any overdraw so don't know if they would charge for that. When they look at my account for any transaction, I get the red carpet treatment.
Stopped using BOA years ago when I noticed how dirty their furniture was -- they call themselves Bank of America but have no pride or care for America & its citizen patrons !
I was paying a local bank $5 per month for a checking account. I closed it and now use a credit union who pays 5% APY on funds up to $30 K in my checking account. Banks are ripping off customers who obviously need to pay their overhead and CEO salaries. Get Out ASAP
same here, also a very bad experience with (now closed) Union Bank that locked me out of $49K of my money and it took a court order for them to release it to me
I had Major trouble with BofA and some trouble with Wells Fargo. My husband Major trouble with Wells Fargo and US Bank. Wells Fargo was dinging his account for overdraft fees numerous times, only to find out that they opened several fake accounts in his name. US Bank held on to his money and employees seemed to make up rules as they went along. I’ve had no problems with Chase, but I’m leery of getting a credit card with them. A friend is trying to pursuade me to open an account with a Federal Credit Union….(I’m a boomer…. Thanks for landing in my yt feed)
The banking situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust. Sincerely it's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Years ago a co-worker had a "secured credit card" at her local bank, which was then bought by Chase Bank. Suddenly they decided her $1,000 deposit (backing her card) was a debt. They actually hired an attorney and took her to court to try to get her to pay her "debt". I am now with a credit union and will NEVER go back to a bank.
I just left BOA after 20 years. Was so tired of having to be careful of balances to avoid fees and the .01 interest rate on savings account. Have had to have a separate savings account for years to get a better rate. Glad to not have to worry about that anymore and have everything at one bank now!
@@Kenny-Ross All of these banks bailed out because of bad business practices, with our tax dollars, should have better public service. Note: the democrats bail out the banks. Please note that. Obama said "They are too big to fail." They should have been allowed to fail.
I have Chase, I have had bad experience with employees, they are rude, even if you are there for something simple as a deposit or asking a question, and there is no place to report their behaviour.
Chase is the worst bank in the world. Back in the days of the housing crises my mortgage was sold to them and because of the bad service, unclear rules, tricky underhanded practices we almost lost our house. We had a cash sale that they almost made us lose because they could not give us a final buy out number for more than 30 days. After the sale went through and they were paid off we were still getting calls about a mortgage we no longer had. My advice DO NOT BANK WITH THEM
I have had an IRA with them for many years and been very happy. Peter Scordillis has been super in doing all that I have asked him to do. Chase has been sending out many banking offers lately. From this I doubt that I will do any banking with them. Especially that they do not have any local offices..
I have been with Chase bank for over 35 years with auto deposits and debits. I have never experienced a problem despite having travelled and moved around the world over 10 times. I have found that people who have problems with their banking usually are trying to game the system or beat the interest curve and bring their problems on themselves.
@ RN_BSN_PHN: Exactly! Only I'd put Chase first. Thought they were a lousy bank way back in the 1970's. And both B of A & Wells Fargo as well will charge fees for everything under the sun simply to get as much of your money that they can and will do nothing to help you if there is an issue with your account. First Bank of Missouri (they have branches in other states) is one of the finest banks that you could put your money in; they are actually vigilant in making sure that all of their customers accounts are secure, it doesn't matter what their balance is whether in the millions or merely hundreds all are treated with the same respect.
Well I have 5o say US BANK is about as bad to. I open my account 2ith all requirements. Got my first depoust into my account of $1200 hadn't even got to use the account was still waiting my debt card got my card and went to set it up all the money was gone they told me each transactions I look at them and said that's bs haven't used the account wo they got the money back into my account then I deposited a $800 payroll check into My account then I get a notice f4om them telling me that th3y sent 5h3 check back to my employer and they were cl8sung my account cuz I was 50 cents short of my monthly balance and there was to much suspioys activey in my account and I didn't even get to use it so I drew out all the money I had in there before they closed it but they keep $25 for a closure fee.. pretty messed up.. and I haven't been able to get a bank account since. So I can't fix my credit I lost 20 yrs worth of good credit for it to say u have ji credit clean slate. These banks outta have something done for all the m7sery they put peaple threw steal7bf money
Are you only refering to and blaming Wells Fargo when alot of Banks over the yrs have commited some type of fraud,... I have been with Wells for 25 yrs and I have never had a issue with them @ all... NEVER
I was a victim of the wells fargo fake account scam. I had my mortgage with them too. I found I had a fake account because I had a credit card with Wells Fargo I never opened. The stupid teller was depositing my mortgage payment into my credit card account. The president of the bank acted like he was doing me a favor by fixing it.
YUP... SPOT IN!! I had horrible experiences with all three of these banks. For the past several, nearly ten years now, I have been working with credit unions and never been happier!! Great job!
This video came at a great time! My husband and I are fed up with our local credit union. We were thinking of going to BOA but not anymore! Thanks for a great video.
Just find a better credit union. Can't speak for USA, but up here in Canada credit unions can't operate outside the province they originate from, so you often find a lot in the province/state you live in.
Go with a local credit union. They are member owned and do not treat you like a criminal for withdrawing your own money under the IRS reporting limits.
Years ago, I went into a bank to deposit a check. The teller didn’t give me a receipt. I asked for a receipt. I looked at the receipt and it turned out. There was a discrepancy of over $20,000 less showing I deposited I went into the bank and spoke to the vice president who didn’t seem to really acknowledge saying something like he’ll take care of it nothing to worry about. That was the second time that happened. The bank eventually went out of business. When you look at all the banks that were failing in the 80s It turned out it was result of mismanagement and issuing loans to friends of the bank executives When you look at the bank’s we’re failing in the 80s it was result of mismanagement by bank executives giving loans out to people friends of theirs! That should not have gotten the loans because they were high-risk
Wells Fargo continues over time to come up as a problem bank. From closing people's accounts without notice, employees who used the new account incentives to rake in thousands of fraudulent account openings to client misinformation and failing to follow through on service issues. Seems whenever I read a story about WFB it is to report another problem.
@@rocistone6570get the hell out these banks. ……. Keep basic cash in Kinda investment Acct money Mkt fund for much better earnings non Hastle Accts & Profitables Best is to now do account amongst your near Dear-Relatives functionally legally to opers give lend line fit😮😮 AND WHAT TO NOT TO ETC
Try capital one, she pays about 4% for savings and some % for checking. First time in my life to earn this much interest rate on a saving account and surprised with checking account interest rate. Wow! I’m slowly transferring all my money from Chase and BoA to Capital One. I see monthly interest payments on both savings and checking accounts. I can’t believe it.
Wells Fargo is a horrible bank to bank with! They did me dirty wrong! The fees, overdraft fees, and treatment were just terrible! I lost so much money dealing with them! I have also banked with Chase and Bank of America! You are spot on about those banks as well! That's why I left them all! Thank you very much for the great information.
I had an account with Wells Fargo, several years ago, and I closed it when I was charged a fee just for checking my balance, through the drive through!! Preposterous!
This young lady is spot on..Some years ago I had a checking account with wells fargo..One month I see a $10 charge for a money market account..I don't even know what a money market account is, so I went to my local branch and ask about this..The woman who I spoke to acted like it was no big deal, she said "so you don't want the money market account"? I said no I don't, because I have an aversion to larceny..She acted a bit miffed, well do you want to close your checking account too..I said yes..needless to say I will never do business with wells fargo ever again..
Chase bank....sent me a letter that said I had a lot of fraud on my account...they restricted my account and 2 days later closed it. The day they closed it was the day my Social security check came ...guess who still hasn't recd my money from the bank or my social security check!
Since I am a military dependent, I have been banking with NFCU which I started in Okinawa 40 yrs ago. NFCU didn't have any local branch when I moved to CA so I opened up an account with BoA with a $1K initial deposit. Lo and behold, my money went down to $990.00 on my first monthly statement. I took my money out immediately and never used any of those banks again up to this very day. WFB is no different. They are all snakes. I stuck with NFCU through all these years and I'm happy w them---I got a credit score of 800+ points now!
US Bank is not different than the three banks that you mentioned here. It has the same system and it's very stressful to be dealing monthly with their greedy rules
Chase bank is the worst. I was offered $200 for signing up for their credit card if I spent $800 in the first month, but when I did, I never saw the $200.
I quit B of A years ago. Paid ahead five months on my financed car as I was going active in the Army Reserves. The Bank Collections Officer went to my Boss the Sheriff (I was a Deputy) and told him I was behind in payments by the five months. I was called into the Sheriff's Office and told to resolve the issue. I proceeded the two Blocks to the Bank and demanded to see the Bank President who I delivered a loud world class dressing down. I was in uniform and everyone in the bank heard it. I just followed my Sheriff's orders............The collections Officer was fired!
Please explain this to me every time I make a mortgage payment online with Wells Fargo the money comes out , but isn’t applied for three days. They tell me I’ve scheduled a payment……. no I made a payment!
Might be on hold for a later date. Check for disclosures that state when payments are credited. The important thing is to make sure it's credited on the date you've made the payment. Keep online receipts in case there's a late payment issue.
Yep, had my own experience with one of these. Even 4 months after I had closed my account, an employee was writing checks and charging overdrafts. Thanks for the info.
Thanks for the precise information you have provided here. Too many things I could say on this topic, But it is not necessary . Main point is the point you made here. Wonderful job.
🤔All u had to do is write yourself a check paid to the order of you and deposit it in your new account or bank-wire it to your new bank institution and then once funds clear u close the chase account.🤷🏾♂️
Really ?! I have no car and would have been like "yeh, NO... you're closing it from this local branch that I fucking walked all the way to. Get started, bitch"
That was a good video. I'm sure that this will help a lot of folks. I'm a retired bank examiner and I can tell you that you're right on the money with your assessment of Wells Fargo. I won't go into it, but there are many more examples of policies that WF has that do not favor their customers. Justine, you might consider offering a similar type of video on credit unions. If you're still in San Diego you're close to the largest credit union in the entire country, the U.S. Navy Federal Credit Union. Credit unions are owned by the members and don't pay federal taxes. Banks hate that. Another benefit to members of credit unions is that they charge a minimum in the way of fees, all fees. When it comes to interest, they pay a higher interest rate on all investment vehicles than banks. Oh, and while federally chartered banks are FDIC insured against loss, credit unions have the NCUA which also protects members from loss. I encourage you to take a look and share your findings. Good luck.
U.S. Bank charges a $6.95 service fee if you don’t have a certain amount of money in both your checking and savings. I use a credit union now and they don’t have fees like the big banks due.
I left those banks years ago. I only bank with Federal Credit Unions. At a FCU your a member instead of a customer. You also get interest added to your checking and savings accounts. You're never charged a monthly fee of any kind, unless your enrolled in a power protect checking account.
For nearly 40 years now, I have been doing business with credit unions, and I have never been happier. They know me, and I know them. Plus, I attend yearly membership meetings to be in the know about coming products and services. I suppose you could say that I saw it (the ridiculous fees and policies) coming, and that's why I bailed on banks and have nothing but credit unions.
Check the credit union. When i travel, i use the local credit union in the area. Most times they do not charge for using the ATM. I believe it is called share banking.
I’ve been a member of Wells Fargo since it was called Wachovia and I was 18 then. I’m 61 now I heard about many of the predatory issues at this bank. I haven’t totally left yet (call me a senior) but I do have accts at better banks like Ally and I have accts at 2 credit unions.. and both are better. Thank You.. you’re speaking truth for people of all ages!
You breezed right through the $500 direct deposit within the statement cycle to waive the service fee on the Total checking. If you have the $500 deposit, you don’t have any minimum balance to meet. No other requirement to waive the fee. The other options are completely separate ways the fees can be waived.
Thank you for the info on Ally. Blue Peak, formerly University, State Employees Credit Union, is now predatory by charging for services that used to be free or minimal. Also paying down the interest on a car loan by paying above the required monthly amount is met with "you can't do that. you owe the remaining interest on the loan."
I closed all of my bank accounts and started using my credit union account solely..have been so happy with the credit union..offered 2 more accounts when I closed business and personal accounts
But credit unions aren't available to everyone. In my state, the credit unions are open to members and families of active and retired military members only.
Bank of America change the rule for 2024. They sent me an email hoping I would not read. It said $25 maintainance fee each month if the balance is below $20,000 in their 3 months calculation.
Very 🤔 interesting information. Can you tell me more about the banks? What do you think about Regions bank , South East Bank Tennessee, Pinnacle Bank? ... Can you please do a research video about credit cards ? every time they are sending pre qualified mail and pushing hard to get a card. Thanks for the information
I use US Bank and my savings account gets an abysmal 0.01% interest rate. They promoted their elite money market account to get 3.5%. I’m not a fan of opening up new accounts just to chase an interest rate but this was an in-house thing so I decided to open up an account. I got that rate for a month and then it dropped to 0.25%. When I called them, they basically said their promotion is only good for about 30 days although they never tell you in the fine print that it is a promotional time only and will revert to a quarter of one percent after a month. They are now promoting 4% but people have no idea it’s only for a month or so. It’s a very shady practice.
The first person I spoke to on their staff didn't know so a higher up had to clarify. However, thank you so much for sharing. I just wish I had your wisdom 9 months ago when this impacted my life.@@mandypdx
I went to the local branch and personally asked how long the advertised interest rate would last because I read all the print in the promo. I was told point blank. "We don't know how long this interest rate will last."
I pulled my IRA account from US Bank because their customer service was deplorable. I used to have State Farm Bank. I could do electronic transfers to my bank here in the country. Never charge me a service fee either. They sold their account to US Bank. What a flaming nightmare!!! They informed me that electronic transfers were illegal. State Farm did that for me for over 15 years. If you did need to make a withdrawal the paperwork was purposely difficult. I once sent in the paperwork and waited for my paper check in the mail. After three weeks I called them to find out when the check was mailed. Seems there was an error on the request and no one bothered to call me. They didn't send me my money. They were holding it hostage. I had my brother fax them a replacement form that day. I then waited seven weeks and finally got a check. I transferred it to my local bank giving me 5% interest. I was told once that If I needed my money in a hurry I could go to their nearest branch and have a check cut for me on the spot. I am in the toes of the Catskills New York State. Their nearest branch to me was in Ohio. Needless to say, I will never give them a good word. The worst in my experience.
Yes I agree with your choices so every much. That's why I use credit union. While the interest rates are a little low in comparison to some banks I pay no service fees...😮
All of these fees are sheer greed and are even more insulting at a time when most Average Americans do not have $400 to meet a medical or other emergency. Major retailers in the US need to be allowed to open banks of their own and give these greedy sweat hogs some good old American competition.
50 years ago when I moved to NYC, stores like Macy's or Bloomingdales did not use those new thingies VISA or Master Card. Each store issued it's own charge accounts. Once I got my B.Altman card, every other 5th Avenue department store said yes, and in turn, all other department stores granted me a card. (Saks was brown, Bergdof was lilac) You could go to a window with your bill, and "work" out any problems with a real person. I'll pay the rest on Friday when I get my check. "No problem, I understand. I'll make a note." And so it went. No yelling. No rudeness. As soon as Master Card went "public" these stores began accepting them for payment. As Visa and MC became more ubiquitous, the Department Stores began "quiet quitting" personal accounts. The new hurdle was a requirement that they would only accept Visa or MC above a certain amount. Eventually, Congress said, no more requirement, you can now charge your candy bar. And women have been buying candy that way ever since, plus the large Coke and small chips. 29% interest.
Walmart is a major retailer and they do own a bank. In this case Green Dot bank. That is what underwrites their prepaid debit cards and handles all of their Visa and Mastercard processing so they don't have to pay fees. I did use their prepaid debit option for a while, but the account kept getting compromised so I dropped it.
Prior military. The savings they lied to me though. They dropped my payout what I was getting with the savings, even when I kept my part of the bargan.
US Bank was not included in your discussion here; but if you know why they charge me $10.5 service fee to my checking account and then after a day or two, they deposit the same amount ($10.5) back to checking account? What is the catch I cannot figure it out? Thanks
I pulled up to BB&T window handed teller a check on BB&T. teller said will have to charge you $5.00 to cash the check. So i turned offmy truck.. said. Talk to your manager. I will order a pizza a 2 liter drink. Oh the line of traffic is getting backed up. we can discuss the $5.00 fee,,, i have all day.. Never had a problem after that.
Wells Fargo is trying to take my 89 year - old father home, went to court February 14th 2024, proved with papers that my father does not owe Wells Fargo anything, they dropped the case, when they saw the papers our attorney showed to the judge, now they're trying to take it to Federal Court. Lawyers State how can, Wells Fargo do that it's not a crime. I thank this young lady for speaking out. Pray for my father, that Justice be served, against Wells Fargo.
🙀 omfg!! That’s so awful !! They’re monsters !!!
Wells Fargo is awful, they escrow to pay my homeowners insurance even I have my home insurance. They never refund it back at the end of the year during tax returns. It means I have to pay insurance double to cover my home. They owe me thousands and I never get it. Bad bank!
I don’t remember who said it, but I recall a government official who went on record saying “If Wells Fargo was not a legally chartered bank, it would be a criminal organization.”
@@KCmakeoversBankers are demons. You don't even want to know about my experience with MT bank.
I totally agreed with this lady- >they are huge huge monsters since many moons ago… ripping off clients thru many programs/ options… that they’ve been cross-selling.. I am one of their retired employee- I learnt all the bad things and freak out with the way they operated their monkey systems!!!
Time Stamps below.
1:33 ~ Chase Bank (Bad)
6:05 ~ Bank of America (Worse)
9:56 ~ Wells Fargo (Worst)
Thanks for this summary.
You forgot another loser ..Citi...Citigroup. Citi doesn't even have any branches for general public in Texas... What does that tell you?
@@stephansmith4840The absence of a brick and mortar location tells me nothing. One of the biggest and best banks for military and veterans (USAA) literally has one brick and mortar location that is located in San Antonio, Texas. But they serve their patrons worldwide and have one of the best overall rankings for financial institutions. And the location in San Antonio - I don’t think it’s even a customer service office. I think it’s a corporate office.
Yah, let's not forget Citi, but seriously most people are better served at a CU.
I hate Wells Fargo..
I made a $2000 deposit to B of A and two weeks later my mortgage, car and insurance payments bounced. I phoned and they told me there was no sign of the deposit and go to the branch I used. So I went with my deposit slip and asked for the manager. She basically said too bad. She wouldn’t check or do anything. So I raised my voice so everyone in line could hear and announced I was phoning 911 to report a bank robbery as the Bank had robbed me of $2000. At that point she went, researched it an found it was deposited into the wrong account. I had to insist she rectify it on the spot and write 3 letters for my accounts stating it was a bank error and reverse the bounce fees. I had to threaten her to do this. B of A is the worst.
Bank of America is the worst of the banks
Did you ask for those letters that BOA wrote & then you put those letters in the mail, otherwise they will trash those letters. Also did you ask if there was a charge or fee for those letters to be wrote.
Banks hate to admit they created & caused errors.
Alice, if it happens again it is your fault you are still there. Small hometown banks and credit unions will treat you and your accounts respectfully.
That happened to me at Peoples Bank. Put my deposit in someone else’s account! They wouldn’t honor my slip. But they called me later & found their error. I said the same thing you did & they paid the fees for bounce checks. I took all my money out of Peoples & never looked back!
BEEN A BOFA ACCOUNT HOLDER
FOR TWENTY OR MORE YEARS ,
NEVER HAD A PROBLEM ... PERSONELL HAVE ALWAYS BEEN COURTEOUS AND RESPECTFUL ...
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 5years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
Big Credits to Melissa Terri Swayne she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Margaret has been a good guide through the year...
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing...
I did some work in California and was paid with a Wells Fargo check. I took the check to a Wells Fargo branch and they refused to cash it.
I think most banks refuse to do that now. In the past they would cash them.
Michigan has a "double" payment /punitive damages ...in small claims ...or ...simply reporting it to a court/judge ....BANKS IN MICHIGAN MUST STAMP A "BAD" *PAYCHECK* "INSUFFICIEN FUNDS" ...ALSO NOT PAYING FOR WORK DONE IS AGAINST FEDERAL "ANTI-SLAVERY ACT" ...ALSO MICHIGAN LAW ALLOWS CONFISCATION OF COMPANY PROPERTY ...TO BE SOLD AT AUCTION FOR PAYMENT OF WAGES
@@americafirst9144 The check was from Ford Aerospace.
Usually they don't cash them if there isn't enough funds in the account, but they cannot tell you that.
I had a check endorsed to a particular bank who told me check could not be cashed unless I had sn account with them.
Dealing with Bank of America is a nightmare
Bankofamerica does have too many charges😢
True
Bank of America is owned by China
@@Sam-n4x5xBoA has the most ATM branches in NYC.
No fees if you receive direct deposit.
Some of their people are deceitful and cheat you.
Bank of America is the WORST. Only 1 teller working, huge lines, closed most drive thrus. The CEO should be Fired immediately!!!!
Wells was the same way. 5 teller windows and one person working. Line stretched out the door and some dork in a bowtie with a clipboard staring at us, doing nothing. I strongly suggested if he was just going to stand there he could open a window. He said he would have to open a drawer. THEN OPEN IT. He did. lololol
When I found out they donated to Clinton's Presidency I dropped them.
@@janc8199Had to be Bailed out due to mismanagement
.
CEOs are not worth the money they are paid.
Bank of America has got to be the worst
I walked into (Bank of America) and went up to the teller.
I asked if they could change a $100 bill for me into 20's. I was immediately told no. And that I had to have an account for them to do that.
This goes to show you how shytty the banks are. A person should be able to walk into any bank and be able to change a large bill into small bill, because its a bank.
They should not tell people that they need an account just to change a large bill.
Another situation were I was in another state years before, and the same thing happened but with (Chase Bank). I was told that because I presented an ID that was not from the state,
and that it was from a different state, they could not change my $100 bill into smaller denomination to pay for gas. When I started to ask why and question them about it.
They called the cops on me. Mind you I was not disruptive in any way, all I did was ask why they could not just change the bill and why they are not accepting the ID thats from my state DMV.
Cops told me to leave. I was then given a ticket of $250 for disturbing the peace in california.
DO NOT do business with Chase or Bank of America.
Or WELLS FARGO!
😊😊
save money and sanity, avoid CA
USBANK told me that they were NOT SEY UP TO SCCEPT PAYMENTS FOR AAA BILL PAYMENTS. I was told by AAA that I need to make auto
enter policy payments each months through IS BANK.
After reporting this to ASA, I was advised to set up bill pay arrangements through my CREDIT UNION ACCOUNT- which I had NO PROBLEM DOING!
I think that is more of a liberal California thing. In states where lawlessness reigns crooks can steal with no repercussions but law abiding citizens are treated like criminals.
I worked for BofA and was treated liked crap by their banking, they are horrible about paying their bills too! Did contract work for Wells Fargo and they sucked the worst, treated terribly by upper management.
At age 18, I found out how banks actually work. Since then, I’ve only had credit union accounts. Through my military career-world wide travel, etc. I’ve never had any problems. I’m 72 now.
Try Pentagon Federal Credit Union. PenFed!
Even some CUs aren't that great now! I can think of two within 20 miles of each other that don't take care of their customers.
What is a good credit union? How do I find one? (People need to learn from this person!)
I hear you. Had my credit union account since my first Navy enlistment in 1998 & never had a problem with fees or accounts.
The officers of Wells Fargo should be in prison. Why anyone does business with them is beyond me.
Exactly they kept my account overdrawn
WELLS FORGO, known for Predatory lending, dont get involved with them, EVER!!!!
Wells Fargo is the top of disgusting! They are crooks! 😊
After going through a few really bad banks, I tried Wells Fargo. I have had very few problems since. But yeah upper mgt. should be in prison.
Been with Wells Fargo for over 25 years. I love them, never any problems. Not only that, they have caught fraudulent charges a number of times that tried to get charged to my account. Always helpful on disputes...
Go Credit Union. I have never been happier after moving from Wells to one.
Good tip thank you!
Yes I do have a savings in my credit union. Problem is: I have 85k mortgage left with Wells Fargo. I have considered having my credit union buying off my mortgage at a lesser rate. More research needed before making the big switch.
Agreed l learned this years ago
But thanks you nailed it Credit unions are the way to go l again will never use big bankers. Their part of the NWO.
Yep!!
Same
I got out of banks a long time ago. Now I am a member of a credit union, and so are my son and all my grand children, even the youngest ones. My credit score has never been better, interest rates are much lower for borrowing and higher for saving than any bank.
Yes, that’s the one way to bank.
I closed ALL of my accounts with BOA 5 years ago because of FRAUD!!!!!!!! THEY refused to acknowledge THEY did not investigate it -- and just kept sending me bogus letters stating that I either did the fraud or allowed someone to use my card!!! (I banked with them for over 40 years!!!!!!!!!!!!) Go to a Credit Union; they serve the Members; the banks serve Shareholders!!!)
M
Same here
The name of the CU, please?
A famous veteran International banking consultant advised Americans to do their banking with a small-town credit union.
Bank of America has not been good for the common man for the past 50 years.
Chase is the best big bank out there. They don’t charge you overdraft fees if it’s under 50 and if it’s over 50, just pay the whatever balance to get it under 50 and pay when you can. They even got pay in 4, whereas if you purchase something for $200 or whatever it cost, they break it into 4 monthly payments to help the low income people survive. You can’t beat Chase if you want big bank protection🤷🏾♂️
Who deals with these banks?! How are these banks still around with such ridiculous fees and trash rates?!
Because they need to be around for the people at the back of the class who never achieve anything in life
I learned not to do business with Wells Fargo many years ago. How these crooked banks can stay in business in our country is beyond me.. thanks for the video..
If you get direct deposit you can avoid monthly fees altogether at Wells.
@@StevenHughes-hr5hp If you keep the ballance and the direct deposit, you shouldn't have any issues at all.
This Wells Fargo Bank in Texas was a disaster and had a problem with staff that stole money and everyone that had an account came to withdraw their money.
Todo el Mundo de INFECTA DE LO MALO
PERO CHASE NO LO
PUEDO CREER😮
Simple. The big banksters own congress. Several members of the house and senate are there to do the bidding of these fat cats. If you thought they are the people’s representatives, God forbid servants, you are very sadly mistaken!😔
Why I switched to a credit union and could not be happier........
same here
I was happy with my credit union for many years. This year they started making me jump through hoops to avoid a monthly charge. It started that I had to use the debit card to charge $ 500 each month. No problem as Food is more than that. Now it is use the card 10 times a month. I seldom go to places to use a card more than 4 or 5 times a month. Looks like I will have to do things like put in a few dollars of gas at a time instead of filling up. Being retired I do not usually use a tank of gas more than once or twice a month. I really like to use a credit card that gives me back 1 1/2 % for most things.
Me too!
Credit Union is the BEST!
Indeed. I bank with 3 credit unions.
All 3 of the aforementioned banks are ripping off their customers. Get out ASAP.
You forgot another loser ..Citi...Citigroup. Citi doesn't even have any branches for general public in Texas... What does that tell you?
My friend, you are so right. I had a problem with B of A and Chase . I will never do business with these two terrible banks again.
Citi bank is next bad after Chase, Boa, Wells Fargo. I just opened an account with the 1st credit union and I'm testing the water. Hopefully they are as good as what they are saying for the opening promotion. If you spend $10 or more on their debit card for 10 X within 60 days, they'll give you $200 reward credit into your account.
Citi is run by Arabs
Well, don't go to Wells Fargo, cause is going to be even worse.
I was with Bank of America for 31 years without any negative marks on my account then all of a sudden I was dropped without any explanation
Are you A Republican? They are Snakes to people who don't dance to their tune. 👀
Me too.
Chase does the same thing.
I’ve had Wells Fargo for about 20 years and had zero problems with them. But I know higher up the chain they have done some corrupt stuff, they all suck!
For sure. 20 plus years here as well. I make money on those that get charged fees. Works out great.
Same here. Too lazy to move things. Did once and the other banks website was horrible.
I started with First American Bank in Wash DC in 1990. Bank changed into Union bank and later into Wachovia, which became Wells Fargo. All along they have kept the same account number which I have now have for 34 years. Wells Fargo has served me well. I don't get charged any fees for printed statements or stop payments or printed checks. Have not have any overdraw so don't know if they would charge for that. When they look at my account for any transaction, I get the red carpet treatment.
They suck!!
Their into dei nonsense not happy with that part of wells
We do not use banks. We use FEDERAL Credit Unions. We do NOT borrow money. We do NOT deal with lawyers, Your mileage may vary.
Hahahaha
Yes! You are correct!
I use a credit union but I also have a family lawyer. Going through a closing or other life event without counsel is foolish.
😂🤣😂
The problem with credit unions is you can’t receive checks in foreign currencies, such as SS checks for example. Only big banks offer this service.
Bank of America, to me, is absolutely horrible.
FYI BofA just stands for Bunch of Ass****s 😆
they all are terrible ,,, 26 % interest on credit cards that should be outlawed
They also gave personal info of customers to DOJ without a warrant.
Stopped using BOA years ago when I noticed how dirty their furniture was -- they call themselves Bank of America but have no pride or care for America & its citizen patrons !
@@jimmorrison9656 No warrant required as this is same as a good citizen cooperating with the police.
I was paying a local bank $5 per month for a checking account. I closed it and now use a credit union who pays 5% APY on funds up to $30 K in my checking account. Banks are ripping off customers who obviously need to pay their overhead and CEO salaries. Get Out ASAP
Bank of America in NJ closed on Saturday too!!!!!! The worst 🤬🤬🤬
I had major trouble with Chase, BOFA and Wells Fargo
same here, also a very bad experience with (now closed) Union Bank that locked me out of $49K of my money and it took a court order for them to release it to me
@@gradylucas5265WOW! Criminal
I had Major trouble with BofA and some trouble with Wells Fargo. My husband Major trouble with Wells Fargo and US Bank. Wells Fargo was dinging his account for overdraft fees numerous times, only to find out that they opened several fake accounts in his name. US Bank held on to his money and employees seemed to make up rules as they went along. I’ve had no problems with Chase, but I’m leery of getting a credit card with them. A friend is trying to pursuade me to open an account with a Federal Credit Union….(I’m a boomer…. Thanks for landing in my yt feed)
the banks you listed are Commercial Banks. Personal banking should be done through Federal Credit Unions.
worse bank ever!!
I had enough trouble with banks just treating ordinary people like crap that I switched to Credit Unions forty years ago and no regrets since.
The banking situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust. Sincerely it's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Mind if I ask you to recommend this particular coach you using their service
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly
Wells Fargo took my deposit and has no record of it. Always think the banker took my 3,000.00 dollars.
Always get a hard copy
Did you ask for a receipt? If no then it's your fault.
FILE A COMPLAINT WITH FED , THEY HAVE CAMERA , MAKE SURE YOU HAVE DATE AND TIME .
The bank will come up with cameras not working..weasils!!!@@transparenttransportationl2985
I quit banks 40 yrs back and only used credit unions better rates and more protection ❤
Years ago a co-worker had a "secured credit card" at her local bank, which was then bought by Chase Bank. Suddenly they decided her $1,000 deposit (backing her card) was a debt. They actually hired an attorney and took her to court to try to get her to pay her "debt". I am now with a credit union and will NEVER go back to a bank.
Credit Unions
Yup chase bounced checks on me when I had ample money in my account so has key and m&t
I just left BOA after 20 years. Was so tired of having to be careful of balances to avoid fees and the .01 interest rate on savings account. Have had to have a separate savings account for years to get a better rate. Glad to not have to worry about that anymore and have everything at one bank now!
Yes I'm with you. I'll be closing my checking and savings account with BoA in a few days after being with them for 23 years.
@@Kenny-Ross All of these banks bailed out because of bad business practices, with our tax dollars, should have better public service. Note: the democrats bail out the banks. Please note that. Obama said "They are too big to fail." They should have been allowed to fail.
What is the name of your new bank?
I have Chase, I have had bad experience with employees, they are rude, even if you are there for something simple as a deposit or asking a question, and there is no place to report their behaviour.
I was three for three. My Dad retired from Wellls Fargo in the mid ‘80’s and he said then that they were crooks.
Chase is the worst bank in the world. Back in the days of the housing crises my mortgage was sold to them and because of the bad service, unclear rules, tricky underhanded practices we almost lost our house. We had a cash sale that they almost made us lose because they could not give us a final buy out number for more than 30 days. After the sale went through and they were paid off we were still getting calls about a mortgage we no longer had. My advice DO NOT BANK WITH THEM
I have had an IRA with them for many years and been very happy. Peter Scordillis has been super in doing all that I have asked him to do. Chase has been sending out many banking offers lately. From this I doubt that I will do any banking with them. Especially that they do not have any local offices..
So?
That's really bad
In the world? So u have accounts I. Every bank to make that statement? 😂😂 all large banks are woke. It's been a while. Move along.
I have been with Chase bank for over 35 years with auto deposits and debits. I have never experienced a problem despite having travelled and moved around the world over 10 times. I have found that people who have problems with their banking usually are trying to game the system or beat the interest curve and bring their problems on themselves.
1.Wells Fargo
2. Bank of America
3. Chase
Thank you.
@ RN_BSN_PHN: Exactly! Only I'd put Chase first. Thought they were a lousy bank way back in the 1970's. And both B of A & Wells Fargo as well will charge fees for everything under the sun simply to get as much of your money that they can and will do nothing to help you if there is an issue with your account.
First Bank of Missouri (they have branches in other states) is one of the finest banks that you could put your money in; they are actually vigilant in making sure that all of their customers accounts are secure, it doesn't matter what their balance is whether in the millions or merely hundreds all are treated with the same respect.
Well I have 5o say US BANK is about as bad to. I open my account 2ith all requirements. Got my first depoust into my account of $1200 hadn't even got to use the account was still waiting my debt card got my card and went to set it up all the money was gone they told me each transactions I look at them and said that's bs haven't used the account wo they got the money back into my account then I deposited a $800 payroll check into My account then I get a notice f4om them telling me that th3y sent 5h3 check back to my employer and they were cl8sung my account cuz I was 50 cents short of my monthly balance and there was to much suspioys activey in my account and I didn't even get to use it so I drew out all the money I had in there before they closed it but they keep $25 for a closure fee.. pretty messed up.. and I haven't been able to get a bank account since. So I can't fix my credit I lost 20 yrs worth of good credit for it to say u have ji credit clean slate. These banks outta have something done for all the m7sery they put peaple threw steal7bf money
You should open an account with China bank!
Thanks. Nineteen minutes is a long time to listen to get three names.
Wells Fargo is so incredibly bad. I worked there when managers would encourage bankers to open fake accounts under customers names 💀
O.M.G. that is insane... and heartbreaking.
Are you only refering to and blaming Wells Fargo when alot of Banks over the yrs have commited some type of fraud,... I have been with Wells for 25 yrs and I have never had a issue with them @ all... NEVER
I was a victim of the wells fargo fake account scam. I had my mortgage with them too. I found I had a fake account because I had a credit card with Wells Fargo I never opened. The stupid teller was depositing my mortgage payment into my credit card account. The president of the bank acted like he was doing me a favor by fixing it.
@@DebtFreeMillennials
It is sad that you are "OMG"ING.
Obviously, you have not done basic research
'History of illegal activities by Wells-Fargo
Bank
we know
Credit Unions are the only financial institutions I will ever use
Agree. These banks rip off their customers. Savings 0.01% interest, but loan or credit card, 20+% interest.
YUP... SPOT IN!! I had horrible experiences with all three of these banks. For the past several, nearly ten years now, I have been working with credit unions and never been happier!!
Great job!
I had trouble with B of A and Wells, they both suck!!
This video came at a great time! My husband and I are fed up with our local credit union. We were thinking of going to BOA but not anymore! Thanks for a great video.
You're welcome!
Just find a better credit union. Can't speak for USA, but up here in Canada credit unions can't operate outside the province they originate from, so you often find a lot in the province/state you live in.
PNC is a great bank if you have them in your area.
Go with a local credit union. They are member owned and do not treat you like a criminal for withdrawing your own money under the IRS reporting limits.
Can you make a video to see which are the best 3 or 4 banks. Apple bank I think is a good bank, their yield is very good.
Years ago, I went into a bank to deposit a check. The teller didn’t give me a receipt. I asked for a receipt.
I looked at the receipt and it turned out. There was a discrepancy of over $20,000 less showing I deposited I went into the bank and spoke to the vice president who didn’t seem to really acknowledge saying something like he’ll take care of it nothing to worry about. That was the second time that happened. The bank eventually went out of business.
When you look at all the banks that were failing in the 80s
It turned out it was result of mismanagement and issuing loans to friends of the bank executives
When you look at the bank’s we’re failing in the 80s it was result of mismanagement by bank executives giving loans out to people friends of theirs! That should not have gotten the loans because they were high-risk
Wells Fargo continues over time to come up as a problem bank. From closing people's accounts without notice, employees who used the new account incentives to rake in thousands of fraudulent account openings to client misinformation and failing to follow through on service issues. Seems whenever I read a story about WFB it is to report another problem.
Chase has been closing their banking customer's accounts too for no stated reason as well.
I am with Chase for over 30 years, the saving account as you indicated is terrible
So why stay and reward them for treating you like a kicked dog?
@@rocistone6570get the hell out these banks. …….
Keep basic cash in Kinda investment Acct money Mkt fund for much better earnings non Hastle Accts & Profitables
Best is to now do account amongst your near Dear-Relatives functionally legally to opers give lend line fit😮😮 AND WHAT TO NOT TO ETC
Move to a different bank, asap! Leave Chase! Run!! 🏃♂️
Try capital one, she pays about 4% for savings and some % for checking. First time in my life to earn this much interest rate on a saving account and surprised with checking account interest rate. Wow! I’m slowly transferring all my money from Chase and BoA to Capital One. I see monthly interest payments on both savings and checking accounts. I can’t believe it.
No. I worked there
Wells Fargo is a horrible bank to bank with! They did me dirty wrong! The fees, overdraft fees, and treatment were just terrible! I lost so much money dealing with them! I have also banked with Chase and Bank of America! You are spot on about those banks as well! That's why I left them all! Thank you very much for the great information.
Wells Fargo tried to get my hurricane money, wanted the check, I sent it back to insurance co and told them what they tried to do.!
Lots of rules for you to follow and none for them. Mortgage fraud on goggle really?
Local credit unions yes! Hard no on banks!
I had an account with Wells Fargo, several years ago, and I closed it when I was charged a fee just for checking my balance, through the drive through!! Preposterous!
This young lady is spot on..Some years ago I had a checking account with wells fargo..One month I see a $10 charge for a money market account..I don't even know what a money market account is, so I went to my local branch and ask about this..The woman who I spoke to acted like it was no big deal, she said "so you don't want the money market account"? I said no I don't, because I have an aversion to larceny..She acted a bit miffed, well do you want to close your checking account too..I said yes..needless to say I will never do business with wells fargo ever again..
Chase bank....sent me a letter that said I had a lot of fraud on my account...they restricted my account and 2 days later closed it. The day they closed it was the day my Social security check came ...guess who still hasn't recd my money from the bank or my social security check!
Since I am a military dependent, I have been banking with NFCU which I started in Okinawa 40 yrs ago. NFCU didn't have any local branch when I moved to CA so I opened up an account with BoA with a $1K initial deposit. Lo and behold, my money went down to $990.00 on my first monthly statement. I took my money out immediately and never used any of those banks again up to this very day. WFB is no different. They are all snakes. I stuck with NFCU through all these years and I'm happy w them---I got a credit score of 800+ points now!
There's a reason NFCU is the largest CU in America.
US Bank is not different than the three banks that you mentioned here. It has the same system and it's very stressful to be dealing monthly with their greedy rules
Got out of banks and do business with credit unions
Chase bank is the worst. I was offered $200 for signing up for their credit card if I spent $800 in the first month, but when I did, I never saw the $200.
I prefer to bank with credit unions. They tend to have much lower fees. Very good video
The money you keep in the account to avoid fees becomes "dead money" to you. I agree with the advice on this channel.
Even worse is my credit just started to make me use the debit card 10 times a month or get charged $ 10 per month on the checking account.
That is the only way to go. They keep your money. You keep the ballance. What a deal!
I quit B of A years ago. Paid ahead five months on my financed car as I was going active in the Army Reserves. The Bank Collections Officer went to my Boss the Sheriff (I was a Deputy) and told him I was behind in payments by the five months. I was called into the Sheriff's Office and told to resolve the issue. I proceeded the two Blocks to the Bank and demanded to see the Bank President who I delivered a loud world class dressing down. I was in uniform and everyone in the bank heard it. I just followed my Sheriff's orders............The collections Officer was fired!
Letting everyone in the bank know your displeasure of them is good. It is an embarrassment the bank well deserves.
GREAT CONTENT!!!! LOVE THIS!!!! ❤❤
Please explain this to me every time I make a mortgage payment online with Wells Fargo the money comes out , but isn’t applied for three days.
They tell me I’ve scheduled a payment……. no I made a payment!
Might be on hold for a later date. Check for disclosures that state when payments are credited. The important thing is to make sure it's credited on the date you've made the payment. Keep online receipts in case there's a late payment issue.
Yep, had my own experience with one of these. Even 4 months after I had closed my account, an employee was writing checks and charging overdrafts. Thanks for the info.
Wow 😮
Who do they employ to work at their bank? Ex-convicts?
Thanks for the warning. ❤
Thanks for the precise information you have provided here. Too many things I could say on this topic, But it is not necessary . Main point is the point you made here.
Wonderful job.
Can you name a bank aside from Ally that is worth banking
With. Also does Ally has an office where you can come in and talk to real people?
How about credit union banks?
Good luck closing out a Chase account, especially if you have a fairly large balance. I had to go to two or 3 branches to resolve the situation 💀
🤔All u had to do is write yourself a check paid to the order of you and deposit it in your new account or bank-wire it to your new bank institution and then once funds clear u close the chase account.🤷🏾♂️
UGHH!! What a nightmare!
Really ?! I have no car and would have been like "yeh, NO... you're closing it from this local branch that I fucking walked all the way to. Get started, bitch"
Why? I walked in years ago. With my shredded debit card and said close my account. I already removed the balance.
I was trying to close accounts of deceased family members and it was a nightmare. I couldn't just write myself a check.
That was a good video. I'm sure that this will help a lot of folks. I'm a retired bank examiner and I can tell you that you're right on the money with your assessment of Wells Fargo. I won't go into it, but there are many more examples of policies that WF has that do not favor their customers.
Justine, you might consider offering a similar type of video on credit unions. If you're still in San Diego you're close to the largest credit union in the entire country, the U.S. Navy Federal Credit Union. Credit unions are owned by the members and don't pay federal taxes. Banks hate that. Another benefit to members of credit unions is that they charge a minimum in the way of fees, all fees. When it comes to interest, they pay a higher interest rate on all investment vehicles than banks. Oh, and while federally chartered banks are FDIC insured against loss, credit unions have the NCUA which also protects members from loss. I encourage you to take a look and share your findings. Good luck.
U.S. Bank charges a $6.95 service fee if you don’t have a certain amount of money in both your checking and savings. I use a credit union now and they don’t have fees like the big banks due.
I think it’s $10.00 for most now
My nanny has her senior checking acct with USBank and there is no monthly charge for maintenance fee! Nanny is very happy!
I left those banks years ago. I only bank with Federal Credit Unions. At a FCU your a member instead of a customer. You also get interest added to your checking and savings accounts. You're never charged a monthly fee of any kind, unless your enrolled in a power protect checking account.
For nearly 40 years now, I have been doing business with credit unions, and I have never been happier. They know me, and I know them. Plus, I attend yearly membership meetings to be in the know about coming products and services.
I suppose you could say that I saw it (the ridiculous fees and policies) coming, and that's why I bailed on banks and have nothing but credit unions.
Wells fargo stold my last 80$ and said i mustve spent it...".Hello" I write everything down...its called a check register
Before you post, learn to spell.
I use a community bank and credit union One downside is that don't have as many locations as the big banks
Check the credit union. When i travel, i use the local credit union in the area. Most times they do not charge for using the ATM. I believe it is called share banking.
Don't need branches much anymore. Everything can be done on your phone or computer.
Look for credit unions with shared branching which includes quote a lot. That way, yiu can use any of those credit unions.
I’ve been a member of Wells Fargo since it was called Wachovia and I was 18 then. I’m 61 now I heard about many of the predatory issues at this bank. I haven’t totally left yet (call me a senior) but I do have accts at better banks like Ally and I have accts at 2 credit unions.. and both are better. Thank You.. you’re speaking truth for people of all ages!
I have over $100K in B of A and not sure what to do!?!? Any safe suggestions????
You breezed right through the $500 direct deposit within the statement cycle to waive the service fee on the Total checking. If you have the $500 deposit, you don’t have any minimum balance to meet. No other requirement to waive the fee. The other options are completely separate ways the fees can be waived.
Thank you for such important information, we are leaving in scarry times.
Thank you for the info on Ally. Blue Peak, formerly University, State Employees Credit Union, is now predatory by charging for services that used to be free or minimal. Also paying down the interest on a car loan by paying above the required monthly amount is met with "you can't do that. you owe the remaining interest on the loan."
Pretty sad these banks that have been around forever are so crappy. I bank with a credit union
I closed all of my bank accounts and started using my credit union account solely..have been so happy with the credit union..offered 2 more accounts when I closed business and personal accounts
Where's the Neflix movie link? 🤔
I joined NFCU 41 years ago. Have been very satisfied with their service.
Wells Fargo took hundreds of dollars from my daughter when she was in college and didn't have money to throw away. I HATE THEM!
Thank you so much for this wonderful info! !
Very good advice you shared with us thank you very much
Thank U for your research, time and constructive advice on this issue.
The secret is quit using Banks and find yourself a good credit union my wife and I made the switch and it's been good for our budget
But credit unions aren't available to everyone. In my state, the credit unions are open to members and families of active and retired military members only.
Its a shame that banks like these remain in business.
Put your money in a shoe box and see how that works out.
@@docshooter77 well base on the way things are going now,keeping your hared earn Cash in a shoe box safely at home isn't a bad idea,
Then the Police will say the money is Drug Money and take the money U$D $$$,$$$.$$ tjl@@docshooter77
"banks like these" Reread for comprehension. It wasn't just "banks". @@docshooter77
Does anyone remember the big stink with Countrywide and how millions lost their homes?
Bank of America change the rule for 2024. They sent me an email hoping I would not read. It said $25 maintainance fee each month if the balance is below $20,000 in their 3 months calculation.
I Sure Hope They're Taking Good Care Of My TOYOTA CELICA And Feeding It PREMIUM GAS And Not STREET RACING IT!!
If you keep the rules as the day you signed at the bank, you shouldn't be in any trouble!
Get out of there! 😂😂
Very 🤔 interesting information. Can you tell me more about the banks? What do you think about Regions bank , South East Bank Tennessee, Pinnacle Bank? ... Can you please do a research video about credit cards ? every time they are sending pre qualified mail and pushing hard to get a card. Thanks for the information
What about Wellsfargo?
I use US Bank and my savings account gets an abysmal 0.01% interest rate. They promoted their elite money market account to get 3.5%. I’m not a fan of opening up new accounts just to chase an interest rate but this was an in-house thing so I decided to open up an account. I got that rate for a month and then it dropped to 0.25%. When I called them, they basically said their promotion is only good for about 30 days although they never tell you in the fine print that it is a promotional time only and will revert to a quarter of one percent after a month. They are now promoting 4% but people have no idea it’s only for a month or so. It’s a very shady practice.
It does say this in the fine print
The first person I spoke to on their staff didn't know so a higher up had to clarify. However, thank you so much for sharing. I just wish I had your wisdom 9 months ago when this impacted my life.@@mandypdx
I went to the local branch and personally asked how long the advertised interest rate would last because I read all the print in the promo. I was told point blank. "We don't know how long this interest rate will last."
I pulled my IRA account from US Bank because their customer service was deplorable. I used to have State Farm Bank. I could do electronic transfers to my bank here in the country. Never charge me a service fee either. They sold their account to US Bank. What a flaming nightmare!!! They informed me that electronic transfers were illegal. State Farm did that for me for over 15 years. If you did need to make a withdrawal the paperwork was purposely difficult. I once sent in the paperwork and waited for my paper check in the mail. After three weeks I called them to find out when the check was mailed. Seems there was an error on the request and no one bothered to call me. They didn't send me my money. They were holding it hostage. I had my brother fax them a replacement form that day. I then waited seven weeks and finally got a check. I transferred it to my local bank giving me 5% interest. I was told once that If I needed my money in a hurry I could go to their nearest branch and have a check cut for me on the spot. I am in the toes of the Catskills New York State. Their nearest branch to me was in Ohio. Needless to say, I will never give them a good word. The worst in my experience.
By the way, they charged me a $30 maintenance fee. Never had that before.
Yes I agree with your choices so every much. That's why I use credit union. While the interest rates are a little low in comparison to some banks I pay no service fees...😮
Excellent content and informative! ❤😊❤
Where does BMO rank? Are they as bad?
I’ve had BMO for three years now and have never had a single problem.
This is strictly online banking. Physical addresses don't seem to be available
All of these fees are sheer greed and are even more insulting at a time when most Average Americans do not have $400 to meet a medical or other emergency. Major retailers in the US need to be allowed to open banks of their own and give these greedy sweat hogs some good old American competition.
BofA charges more for less if you have to reorder checks.
50 years ago when I moved to NYC, stores like Macy's or Bloomingdales did not use those new thingies VISA or Master Card. Each store issued it's own charge accounts. Once I got my B.Altman card, every other 5th Avenue department store said yes, and in turn, all other department stores granted me a card. (Saks was brown, Bergdof was lilac) You could go to a window with your bill, and "work" out any problems with a real person. I'll pay the rest on Friday when I get my check. "No problem, I understand. I'll make a note." And so it went. No yelling. No rudeness. As soon as Master Card went "public" these stores began accepting them for payment. As Visa and MC became more ubiquitous, the Department Stores began "quiet quitting" personal accounts. The new hurdle was a requirement that they would only accept Visa or MC above a certain amount. Eventually, Congress said, no more requirement, you can now charge your candy bar. And women have been buying candy that way ever since, plus the large Coke and small chips. 29% interest.
Walmart is a major retailer and they do own a bank. In this case Green Dot bank. That is what underwrites their prepaid debit cards and handles all of their Visa and Mastercard processing so they don't have to pay fees. I did use their prepaid debit option for a while, but the account kept getting compromised so I dropped it.
Prior military. The savings they lied to me though. They dropped my payout what I was getting with the savings, even when I kept my part of the bargan.
Forgot to mention this is chase.
US Bank was not included in your discussion here; but if you know why they charge me $10.5 service fee to my checking account and then after a day or two, they deposit the same amount ($10.5) back to checking account? What is the catch I cannot figure it out? Thanks
I'm favoured, $23K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
You're correct!! I make a lot of money without relying on the government.
Investing in stocks and digital currencies is beneficial at this moment.
I just want to use this opportunity to say a very big thank's to Sonia duke and his Strategy, he changed my life.
Soina Duke program is widely available online..
This sounds so good andI would like to
be a party to this, is there any wayl can
speak with her?
Please who is this Mrs Sonia?
TY for the information.
I pulled up to BB&T window handed teller a check on BB&T. teller said will have to charge you $5.00 to cash the check. So i turned offmy truck.. said. Talk to your manager. I will order a pizza a 2 liter drink. Oh the line of traffic is getting backed up. we can discuss the $5.00 fee,,, i have all day.. Never had a problem after that.
😂😂😂😂😂
We're not working against them, THEY, are working against us. Period.