DM reports that he was able to get Wells Fargo to reverse all his overdrafts… because his dad has a big Wells Fargo account and was able to call up some company Vice President. Ahem. Three cheers for the power of escalating issues outside of the customer service line, we suppose.
After he got off the phone, DM’s dad gave him a stern lecture on financial responsibility. DM says he is now keeping track of his transactions in Excel and using Mint.com to monitor his accounts. We also made him download our budget.
Amazing that people can make so much money (his mother also apparently has the ultra exclusive AmEx Centurion card…) and not teach their kids a damn thing about overdrafts.
PREVIOUSLY: College Student Learns How Overdrafts Work