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  1. JohnnyP says:

    Sean’s difficulties are a good reason you should try to keep some “pad money” in your account to make sure you’re better protected against mischarging mishaps, as well as your own errors.

    Easier said then done. His disputed amount was almost $300. If I had that much extra to just leave in my account I would already paid the $400 to fix my car that sits in my yard.
    You must make more than the rest of us.

    • DanRydell says:

      Well, he probably doesn’t have a broken car in his yard if that’s any indication.

    • Necoras says:

      It’s not an issue of making more money than someone else, but rather how much one spends on what. I’m the first to admit that my wife an I are doing pretty well financially, but that’s as much because we watch what we spend as it is that we make a decent amount. We paid off car loans (which we only had because the old car was totaled in an accident) ASAP and have never run up credit card debt. Because of that our monthly expenses are low enough that we always keep a minimum of $1000 “pad money” in our main checking account.

      We’ve never had an overdraft fee, nor would a situation like this occur. Most of our purchases go through a credit card, so disputes go there as opposed to straight into our bank accounts.

  2. MercuryPDX says:

    I have done nothing wrong. I am prepared to deposit money into right now to bring it back current.

    Clearly, OP is suffering from “battered account holder syndrome”. Unless Wells Fargo are the only game in town, walk away.

    • Verucalise (Est.February2008) says:

      My thoughts exactly. Who would continue to bring their money to a financial institution that has lied, stole, been inconsistent, and treated you “like a criminal” is beyond me.

      …. But, maybe the whole point of his email was to show the bank that if they fix their egregious errors, he would continue his business there. Most people condemn the OP when he/she asks a business to fix their mistake only for them to take their business elsewhere and badmouth them. Who knows anymore.

  3. SideshowCrono says:

    I’m a little confused as it seems like the OP took out money that wasn’t really there. If he had to give the provisional credit of $277 back to Wells Fargo then his account didn’t have $377 in it, it only had $100. It doesn’t matter if they didn’t mention when they would take the amount, it was owed. While I don’t support the banks actions, its not really that unreasonable to close an account for someone who is draining the account when they don’t have any money in it, in all actuality.

    • LadySiren is murdering her kids with HFCS and processed cheese says:

      Whew, glad I’m not the only one. Why did he deposit $301 then take out $108 + $19.50 + money from the ATM if he knew he had to repay WF $276? Am I missing something here? (Math is hard)

      • psm321 says:

        Yes, you’re missing the fact that the bank told him he would have 30 days to pay that money back

        • LadySiren is murdering her kids with HFCS and processed cheese says:

          Good point; it just seems like a bad idea to pull out money if you know it’s going to overdraft it. Thanks for clarifying it, though.

        • Gulliver says:

          It wasn’t HIS money. It was a provisional credit. Meaning he had 30 days to bring it current , BUT once he put in the$300 plus they took that amount. He has 30 days if it was not there, but once its in there, it is PAID. It would be like saying he had a credit card balance of $1000, pays in in January, then runs up another $1000 and said, well I paid for February since it was above the minimum what I paid in January. Once the money was in, it was THEIRS. He took out an interest free loan and wanted ANOTHER 30 days.

          • psm321 says:

            No, they money was in the account when he took it out. They pulled it out afterwards, hence the negative balance.

  4. Verucalise (Est.February2008) says:

    “Pad money”

    I’m giggling… because it’s not possible sometimes. If it were, no one would overdraft to begin with.

    • pot_roast says:

      If it’s not possible, perhaps you should take a serious look at your lifestyle and make changes accordingly.

      $100 in pad money is easy. I even managed it while practically homeless.

  5. Holybalheadedchrist! says:

    I hate Wells Fargo, but I’m so tied up in all their services I can’t begin to consider leaving them. … It’s too late for me. I know you thought I was tough on you when you’re were growing up. You understand why, now? Don’t cry. Don’t ever cry for me…. Avenge me! Aveeeenge Meeeee!

  6. flipdad1 says:

    They probably meant you’d have 30 days before it went to collections. An account can typically be re-opened once it’s closed, as long as the charged off amount is collected. Once it goes to collections, though, you usually have to pay them and not the bank. But, I don’t deal with Wells Fargo, so I am just going by what other banks have done in the past.

    • Tom Foolery says:

      Is it possible that he just misunderstood the phone rep (or that the phone rep didn’t explain the policy very well)? He has 30 days to bring the account positive, yes? He opens the account on August 17 and it’s closed on September 17. Maybe “you have 30 days to bring your account positive” meant 30 days from the day it was opened, and not 30 days from the date of the call.

  7. EllenRose says:

    I had an account with Northwest. I escaped it by going to a savings and loan. When the S&L crisis hit, Northwest bought the S&L in question, and there I was again. Then Wells Fargo bought Northwest, and things are even worse.

    Wells Fargo is evil. Get away, stay away.

  8. ElleAnn says:

    I’m solidly in the “blame the OP” camp on this one. The part that struck me was that Sean had $77 in his account, but pays $108 a month for cable plus $19.50 a month for a gym membership. Buy some free weights and a treadmill on Craigslist, jog in your neighborhood or at a park, and watch TV on Hulu and Netflix. Build up enough savings that you could pay your bills for 4-6 months, THEN consider getting cable again and rejoining the gym.

    • Me - now with more humidity says:

      Don’t sprain an ankle jumping to conclusions, sport. Geez.

      So glad to know you know everything there is to know about his financial situation. Perhaps it’s one of two or three accounts he has.

  9. Mcshonky says:

    Stop. STOP. DAMNIT STOP!!!!!!!
    Using your debit card to pay bills.
    use a credit card and pay that one card from your account.

    i pay phone
    cellphone
    groceries
    electric
    transportation.
    Everything except rent with my amex.
    Problem, amex will fight for me.
    Plus I am protected by federal legislation on how my problem will be handled.
    yes, I pay a fee every year for the privilege but I have never, ever in my life over drafted my checking account.

  10. AustinTXProgrammer says:

    I had a Wells Fargo account go into the red due to a forgotten safe deposit box. It was for a former employer. Two of us used the bank and it was the nearest place to store our off site backups. I was primary and the other person secondary. After I left the other person listed on the box assured me she was closing it.

    Fast forward and I am no longer using the account for my primary banking, but I refuse to close it. It was my first checking account and was open more than a decade. I took my pad money out in an emergency and was going to put it back in about 60 days, but the safe deposit deduction hit. Since it was a “Fee” it didn’t trigger an overdraft, so no overdraft fees. Unfortunately it didn’t cause them to send any overdraft notices either…

    I found out when I got a call from collections. I quickly went to the bank cash in hand and paid the debt. They assured me I wasn’t reported to check systems as my only negative balance was fees, but they couldn’t reopen the account. They did give me a new one though (And I still use it for various occasional deposits when my credit union is inconvenient). They seemed very apologetic that they closed my account without any notice, but I also admitted my mistake.

    I then drove 45 minutes to the branch with the safe deposit box. We check the records and determined no one had used it in 2 years. We had the lock drilled, and I traded the tapes at my former employer for all the back safe deposit box rent. They were in the middle of a legal dispute and the discovery of the tapes was supposedly very valuable to them.

  11. blinky says:

    Find a credit union.

  12. zantafio says:

    I am in the “blame the OP” camp, but for a different reason: $108 for cable! Hellooooo!!?

    • AllanG54 says:

      Have cable, internet and phone with Cablevision. Four TVs with boxes. Bill is $180/mo. Hell, when you can’t afford something I guess you have to be more careful.