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Sunday, October 31, 2010 - 10:46 AM
(1 stars)
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.
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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