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Sunday, October 31, 2010 - 10:46 AM

Wells Fargo Destroys Wachovia's Banking Services & Customer Service

Wells Fargo Bank (1 stars)
Wachovia was pretty flexible for such a big bank.  They offered awesome retail business banking services.  I was using Wachovia's Custom Business Checking that provided a checking account, one no min business money market and up to five no min crown accounts.

Wells Fargo killed those off.  They now demand a min balance in the business money market account (which they call business savings).  In addition I was using a totally free business checking account for a low volume project.  Well now Wells Fargo demands $1500 min.  Plus they have now killed off the linked personal accounts are demand $4000 min for each.

While I maintain more than is need I find these changes in terms totally unacceptable!  This bank is anti-business and anti-consumer.  Plus they have VERY backward systems.  For example in a business account you can't even setup recurring transfers from checking to credit lines you have to CALL IN!  In this day what the heck is that?

This is a backwards thinking unfriendly bank.  I know I am looking at pulling ALL my business and personal accounts out.  The question for me isn't IF but WHEN.  I am comparing two banks in my area BB&T and Suntrust which are far more friendly and offer MUCH better terms and services than this mega monster bank.  I can't WAIT to get as far as possible from this bank.  I would run if I were you.
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AnonymousAnonymous963 posts since
May 9, 2010
Rep Points: 1,953
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