Flex
Corona,#2Consumer Comment
Fri, October 03, 2008
Student, when you opened your account, did the representative give you disclosures? The disclosures the bank gives you is for you to READ. You must've made your deposit thru the ATM machine that's why you received the letters days after. Had you gone into the branch, you would've known whether or not it was on hold. You probably went in and they told you they are going to place a hold on it so you decide to do it through the ATM machine. If your accounts are new, has repeated ODs or your average balance is low, then they will place a hold. Maybe if you balance your "Check Register" better then you won't run into these problems. Maybe you SHOULD consider moving your "money" else where since Wamu and Wachovia are doing so much better than Wells Fargo these days. I'm sure they can't wait to do the same to you. lol.
Jim
Anaheim,#3Consumer Comment
Wed, October 01, 2008
The problem is what exactly is reasonable? Given your proclivity for overdrafting your account, the bank's standard for holding your money becomes more stringent; in other words - they've made a choice that you're a risk based on your history and they are protecting you based on your history. The fact is they're actually losing money by deciding to hold your money for an extended period so that you don't overdraft the account. Based on your history with them - you're simply going to OD your account again and again. They're protecting you and they're doing it at their expense. It's amazing - a bank does something to protect a customer and does it at the sacrifice of their own revenue stream and this dim bulb still complains. You ought to be thanking them for saving you money and learning something from this process - not whining and complaining.
Jim
Anaheim,#4Consumer Comment
Wed, October 01, 2008
The problem is what exactly is reasonable? Given your proclivity for overdrafting your account, the bank's standard for holding your money becomes more stringent; in other words - they've made a choice that you're a risk based on your history and they are protecting you based on your history. The fact is they're actually losing money by deciding to hold your money for an extended period so that you don't overdraft the account. Based on your history with them - you're simply going to OD your account again and again. They're protecting you and they're doing it at their expense. It's amazing - a bank does something to protect a customer and does it at the sacrifice of their own revenue stream and this dim bulb still complains. You ought to be thanking them for saving you money and learning something from this process - not whining and complaining.
Jim
Anaheim,#5Consumer Comment
Wed, October 01, 2008
The problem is what exactly is reasonable? Given your proclivity for overdrafting your account, the bank's standard for holding your money becomes more stringent; in other words - they've made a choice that you're a risk based on your history and they are protecting you based on your history. The fact is they're actually losing money by deciding to hold your money for an extended period so that you don't overdraft the account. Based on your history with them - you're simply going to OD your account again and again. They're protecting you and they're doing it at their expense. It's amazing - a bank does something to protect a customer and does it at the sacrifice of their own revenue stream and this dim bulb still complains. You ought to be thanking them for saving you money and learning something from this process - not whining and complaining.
Jim
Anaheim,#6Consumer Comment
Wed, October 01, 2008
The problem is what exactly is reasonable? Given your proclivity for overdrafting your account, the bank's standard for holding your money becomes more stringent; in other words - they've made a choice that you're a risk based on your history and they are protecting you based on your history. The fact is they're actually losing money by deciding to hold your money for an extended period so that you don't overdraft the account. Based on your history with them - you're simply going to OD your account again and again. They're protecting you and they're doing it at their expense. It's amazing - a bank does something to protect a customer and does it at the sacrifice of their own revenue stream and this dim bulb still complains. You ought to be thanking them for saving you money and learning something from this process - not whining and complaining.
Ken
Randolph,#7Consumer Comment
Tue, September 30, 2008
In your post you admit that you have a history of overdrafts. You go on to quote the federal regulation sprcifying that a history of overdrafts is reason for extending a hold. Where's the incongruity here? Since you are still a student, might this not be a good time to learn how to manage your account responsibly and avoid all this grief?