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Wachovia's "Way2Save" Account Triggers Over $5,000 In Penalty Fees
By Chris Walters on October 27, 2009 6:02 PM  

—>Wachovia has a new financial product called Way2Save that automatically moves $1 from your checking account into a high interest personal savings account every time you make an electronic bill payment. Susan tried to maximize her contributions by making a lot of little bill payments, but Wachovia cut off access to her funds without notice and triggered an avalanche of penalty fees. Now she owes over $5,000 to her credit card companies, far more than she would likely have ever earned through Wachovia's complicated savings program, and of course Wachovia is denying any responsibility.  More »

Energy Company Debits $1.28 Million From Your Bank Account
By Meg Marco on March 11, 2009 1:20 PM  

—>Guess what happens when you don't look closely at your bill? Your energy company debits $1.28 million dollars from your bank account — leaving you a million dollars overdrawn.  More »

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