RE: << A friend of mine had never been overdrawn on their account.
.. . .
They had 6 checks come in one day in the following amounts.
$7.43
$11.44
$16.49
$49.80
$234.00
$421.00 - this is important because they were only overdrawn -$41.16
for the day..read on.
.. . .

My friend got clobbered with not (1) overdraft fee, but (4) $33.00
overdraft fees, they took the first 4 checks posting, smaller ones and
slammed overdraft fees on them, their explanation to my friend was
they are entitled to collect fees on all of them since the account was
overdrawn that day.

.. . . >
Sarah -

I hope your friend contacted Wells Fargo and reminded them of their clean
record with regard to previous overdrafts -- and asked that the four
charges for overdrafts on the small checks be reduced to one overdraft
charge for the one larger check. Charging $33 for a $7 and $16 checks would
seem excessive.

Did your friend ask Wells Fargo if they would reduce the overdraft fee to
one charge in this one case?

Did Wells Fargo flatly refuse?

Almost any business that intends to maintain good customer relations would
honor such a request - whether they were technically right in what they were
doing or not. If Wells Fargo refused to do the reasonable thing, then
certainly your friend should terminate doing business with this firm and
other customers should think twice about their relationship with a business
that seems so predatory.

Also, if Wells Fargo would not adjust the fee to one charge (and your friend
has the time), it would be worth taking the issue to small claims court. The
claim being that the $421 check caused the overdraft and not the four
smaller checks. A small claims judge might be sympathetic and - win or
lose - Wells Fargo would not like the publicity. My bet would be that Wells
Fargo would not let the small claims charge go to court. If nothing else,
the friend should file a complaint with the better business bureau and ask
that they ask Wells Fargo to reduce the fees to just one overdraft charge.
The Better Business Bureau will simply pass the complaint over to Wells
Fargo, but it doesn't cost your friend anything more than filling out the
complaint. Further, the BBB complaint puts the problem on record and will
also document what Wells Fargo did in reply. Even though the BBB has no
power to force Wells Fargo to do the right or ethical thing, most companies
would like the BBB records to show that there was a mutually agreeable
resolution of the problem. I wish your friend well.

As far a Paul Thomas's comments, he is a person who has always been
bewildered by words such as "fair" and "ethical" and "decent." Most of us
understand what these terms mean, and that these words are the foundation of
good government and good law. Greedy policies that may be within the law
technically, but violate basic principles of justice can still be addressed
by the courts. So, when Paul Thomas kicks in his opinions , be sure to have
the salt shaker handy. And don't let his cryptic comments get to you.
Whether Wells Fargo was operating totally within the law or not, your friend
has a very valid complaint!

ak

"Paul A Thomas" <taxman[at]negia.net> wrote in message
news:102nvtqe3kg4a29[at]corp.supernews.com...
- quote -

It's only fraudulant if the bank did not fully inform your friend of the
overdraft policies. And I am sure that their team of lawyers made sure
every customer is given the full disclosure. They do pay those lawyers
well. A lot of the big banks are doing the exact same thing.

Besides, your post has nothing to do with taxes.


"Sarah Miller" <sarahmille[at]aol.com> wrote in message
news:fa2f1eef.0402121420.19190350[at]posting.google.com...
- quote -

"Sarah Miller" <sarahmille[at]aol.com> wrote

- quote -


They most likely post the checks as they come in (cashed at the counter),
then in the afternoon/evening from the different banks where your friend's
creditors deposited the checks at (and these don't hit at the same time
usually). The order in which WF decided to post them and remove the funds
is their choice I suppose, and yes, most state bank laws allow for multiple
bank charges for multiple overdraft checks (each one being a separate
incident).

I suggest seeking a bank that can set up an "over-draft" account, which is a
line-of-credit, where they can pull the funds to cover potential NSF checks.
There's generally an annual fee for this, and generally the interest rates
are high, but it's a grand "insurance policy" on those few times it becomes
necessary.

Other than that, chalk it up to a learning lesson and be done with it.


--
------- Life may not be the party we hoped for,
but while we are here,
we might as well dance.
------- Paul A. Thomas, CPA
taxman at negia.net

And this has what to do with MS Money software?


"Sarah Miller" <sarahmille[at]aol.com> wrote in message news:fa2f1eef.0402121420.19190350[at]posting.google.com...
Wells Fargo is a rip off artist I recently found out from an experince
my goods friends had with them.

A friend of mine had never been overdrawn on their account. They are
retired. They recently made an error forgetting to deduct a $80.00
check from their balance in their checkbook. They also had forgotten
to make a sizeable deposit one day, but that was not the problem,
however, they always carried a large balance in their account before
what happened to them.

They had 6 checks come in one day in the following amounts.
$7.43
$11.44
$16.49
$49.80
$234.00
$421.00 - this is important because they were only overdrawn -$41.16
for the day..read on.

The account became overdrawn -41.16 that day.

If you don't know this, you better. Wells Fargo posts smaller amount
checks first to create excessive additional overdraft fees.

My friend got clobbered with not (1) overdraft fee, but (4) $33.00
overdraft fees, they took the first 4 checks posting, smaller ones and
slammed overdraft fees on them, their explanation to my friend was
they are entitled to collect fees on all of them since the account was
overdrawn that day.

Now you would think that my friends check for $49.80 and they were
overdrawn only $41.16, they would have only been charged one $33.00
fee, no, they were charged (4) $33.00, total $132.00 for being
overdrawn $41.16 on day. This is highway robbery, ethically and
morally wrong.

No wonder the CEO of Wells Fargo last year got a $2.4 million bonus on
top of his salary of $1.7 million, robbing from the retired and middle
income.

My friends has since closed their account after being at that bank for
over 20 years, it was previously a Northwest bank that Wells Fargo
bought out years ago. My friends are also seeking an attorney to sure
Wells Fargo for fraudulent business practices. I have also closed my
account and moved to another bank that does not do this deceptive
practice

I have read on other message boards that this thing is rampant
throughout Wells Fargo,
ripping off people like this. Beware if you get slighlty overdrawn
like my friends were and have small checks come in, you'll be fee to
death.

Wells Fargo is a rip off artist I recently found out from an experince
my goods friends had with them.

A friend of mine had never been overdrawn on their account. They are
retired. They recently made an error forgetting to deduct a $80.00
check from their balance in their checkbook. They also had forgotten
to make a sizeable deposit one day, but that was not the problem,
however, they always carried a large balance in their account before
what happened to them.

They had 6 checks come in one day in the following amounts.
$7.43
$11.44
$16.49
$49.80
$234.00
$421.00 - this is important because they were only overdrawn -$41.16
for the day..read on.

The account became overdrawn -41.16 that day.

If you don't know this, you better. Wells Fargo posts smaller amount
checks first to create excessive additional overdraft fees.

My friend got clobbered with not (1) overdraft fee, but (4) $33.00
overdraft fees, they took the first 4 checks posting, smaller ones and
slammed overdraft fees on them, their explanation to my friend was
they are entitled to collect fees on all of them since the account was
overdrawn that day.

Now you would think that my friends check for $49.80 and they were
overdrawn only $41.16, they would have only been charged one $33.00
fee, no, they were charged (4) $33.00, total $132.00 for being
overdrawn $41.16 on day. This is highway robbery, ethically and
morally wrong.

No wonder the CEO of Wells Fargo last year got a $2.4 million bonus on
top of his salary of $1.7 million, robbing from the retired and middle
income.

My friends has since closed their account after being at that bank for
over 20 years, it was previously a Northwest bank that Wells Fargo
bought out years ago. My friends are also seeking an attorney to sure
Wells Fargo for fraudulent business practices. I have also closed my
account and moved to another bank that does not do this deceptive
practice

I have read on other message boards that this thing is rampant
throughout Wells Fargo,
ripping off people like this. Beware if you get slighlty overdrawn
like my friends were and have small checks come in, you'll be fee to
death.