Ugh…. banks and insurance companies make me pull my hair out. Why I still have a full head of hair is beyond me… Sorry about that, Bob… Your rant is fully justified. Someday I’ll write the story of how I have been fighting with Anthem/Wellpoint BC-BS since January about Medicare Part D for my mom, and how I finally had to get an attorney to write a letter to the company and the state insurance regulators to finally “win” the case. But the agony and hours I spent on the phone are lost forever. Someday I’ll write that rant…someday. But not today or else my blood pressure will go through the roof and my fist is likely to go through a wall. LOL

Hang in there..

Wells Fargo sucks BIG TIME! All banks SUCK! I have the same reward program with Citibank and they do not charge an annual fee but I still hate them just on principal. My bank (who shall remain nameless) one lost a check I deposited. They took no responsibility for losing it and I had to go back to the issuer and have them put a stop on it and have them issue me another check. All banks claim that they are not responsible for checks until they have cleared even if they lose it while in their possession. If I hadn’t been with them for 35 years I would have transferred over to another bank. Fuckers.

I did get even though - big time - but can’t say how I did it.

Another Wells Fargone customer here… I had a savings account that I used to keep money in, just to earn a little interest. I had no idea HOW LITTLE until I bumped into the number on-line. It’s not like they BRAG about it or anything… how could they? It’s only two-tenths of 1% ANNUALLY!!! If they take money out of my savings account to cover an overdraft in checking (yes, that sometimes happens, even to ME), they charge me $20 for the service. So I make 30 cents in interest and pay $20 for one lousy transfer from savings to checking… Inflation eats up anything I make in interest on my money, so it’s actually better to SPEND it all instead of saving it. Some incentive to ’save’… sometimes I think it might be better to keep my money in a coffee can in the backyard.

Just surfed in via B.E. Sounds like a scam! Thanks for an interesting blog!

I checked out Wells Fargo for a business account and they wanted to charge me $.35 per transaction… Totally Unaccaptable! I do almost all of my banking with my American Express account now.

Banks are not designed to help the ‘little people’ save or make money. In the long run it costs US to use THEIR services. It’s part of a grand design (I often think) but I cannot go into it here or I could just get arrested lol
BTW saw the first Rock Star, well actually the last two and the recap. Yup, just couldn’t see you up there with those guys, not your style….plus I’m pretty sure you don’t shop at Hot Topic!

I don’t get it. I was gonna sign up for that same program and there is only a twelve dollar fee. How come it is more for you? Even with a business account it isn’t that much.

I would call them and ask why it is so much, cuz it clearly states twelve bucks.

But, that said, I am not gonna sign up now.

Another lousy experience with Wells Fartgo…I was once paid by check from a client who banked with Wells Fartgo. I took the check to Wells Fartgo to cash it and they wouldn’t cash their own check cause I didn’t have a bank account with them. So I had to go to my own bank and cash it. So, if I didn’t have a checking account I could have never cashed the check. Wells Fartgo wears Prada.

No wonder some people keep their money under mattresses.

wells-fargo bought my mortgage and they’ve been a pain in the ass several times. it’s the first time i’ve done business with them but I learned very quickly that I will never willingly do business with them. they always pay my taxes and homeowners insurance late. and when they screw up, they always charge me a fee to correct it. once i asked if they would sell my mortgage to someone else - and they asked for a $325 fee to do so but couldn’t guarantee that they would after i sent them the money.

I use WF for my personal banking and every time I would stop by to deposit checks they would ask me “Can I ask you why you aren’t taking advantage of our rewards program?” I would continuously say ‘No, thank you.’ One time I even think that I had asked to stop being asked. Went to the drive-thru there a couple of weekes a go and they asked me again. This time, I don’t know why, I asked more about the program. She mentioned iPods, Frequent Flyer miles, blah, blah, blah…. but then she mentioned cash back. At this point I am thinking, “Hmmm, I can gain a little interest on my money just by the basic spending that I do.” Unfortunatly after she somehow convinced me and I signed up for it and drove off… I read the fine print and found out that it had to spend 5000/year to even have it pay for itself. Called up the number on the back of my card a few weeks later and fortunately they cancelled the program and assured me that I would not be charged the fee. Hopefully I won’t see a random $80 missing from my account come the end of the year. I also recognize that this is a fairly old blog post. Maybe they started losing customers because of it and that is why they let me cancel so easily (compared to let’s say trying to cancel an AOL subscription). Thanks for the blog post.