Warren
Fakevilleness,#2Consumer Comment
Mon, July 23, 2007
I have previously worked in banking and have a pretty extensive knowledge as to how banks work. First of all judging by the name of the account being Opportunity Checking I am going to go out on a limb and say that you either have a Chexsystems record or just terrible credit, possibly both. I am willing to assume that Wells Fargo took a risk at giving you an account in the first place. A word to the wise... NO BANK DECLINES THE PURCHASE IF THERE ARE NO FUNDS! How do you think that they make money? I am sure that when you signed the dotted line upon opening the account there was something in there stating that you agreed to pay overdraft fees. I just looked up the Consumer Account Agreement for Wells Fargo online and their overdraft charge is $34 per transaction made in the negative that is why you are so far in the red. Good luck with the BBB, your district attorney and the news. Wells Fargo has every right to charge fees when you overspend. And just a hint... the charges that take longer to show up are the fault of the merchant not the bank. The best thing to do is learn how to use a check register, you will never have another overdraft fee because those delayed charges would already be written down in your register. My best guess is that since you have this second chance account you will not be able to get much other than that if you decide to not pay Wells. If you let your account get charged off you will be even more screwed.