100% truth! I’ve banked at Wells Fargo since 1993. Been poor pretty much my whole life. I know I’ve paid loads of bank fees for insufficient funds on those $1 overdraws! They have recently changed some of their policies- they now actually give you a business day to make a deposit to cover overdrafts. Thank God. For a few years (2006-2012) I banked at a local bank in Indian Country- that place ALWAYS had the policy that if you paid up by the end of the business day, you didn’t get charged any overdraft fees. There is no reason why any bank shouldn’t be able to give all customers that courtesy. Because, yes, it’s only those that can least afford it that are being hurt by those fees.
The absolute worst policy I’ve encountered is that if you mobile deposit after business hours on Fri-Sun your deposit isn’t available until Tuesday. You can walk in with the check on Monday and it will be available then.... how does that even make sense?
100% truth! I’ve banked at Wells Fargo since 1993. Been poor pretty much my whole life. I know I’ve paid loads of bank fees for insufficient funds on those $1 overdraws! They have recently changed some of their policies- they now actually give you a business day to make a deposit to cover overdrafts. Thank God. For a few years (2006-2012) I banked at a local bank in Indian Country- that place ALWAYS had the policy that if you paid up by the end of the business day, you didn’t get charged any overdraft fees. There is no reason why any bank shouldn’t be able to give all customers that courtesy. Because, yes, it’s only those that can least afford it that are being hurt by those fees.
The absolute worst policy I’ve encountered is that if you mobile deposit after business hours on Fri-Sun your deposit isn’t available until Tuesday. You can walk in with the check on Monday and it will be available then.... how does that even make sense?
Anyway - all of this is spot on. Criminal.