Wells Fargo Compaints – Part 3/2

I got my monthly account statement from WellsFargo today. It wonderfully included a $12 monthly account fee, because I had failed to meet the minimum balance requirements for the month. Who cares that this failure was actually their fault (see the previous story? I need a bank that isn’t so large and impersonal. This really bugs me.

2 thoughts on “Wells Fargo Compaints – Part 3/2”

  2. Shelden's avatarShelden

    My advise to you and other consumers – look in to smaller banks, such as a credit union in your local area. You will get far more better and personal customer service.

    At the end of the day, large banking corporations such as Wells Fargo are only interested in how much money they can earn from their customers, so they can acquire (or purchase) smaller banks that is in the brink of bankruptcy.

    Wells Fargo in particular, is one of the nation’s largest originator of home mortgage loans. Buyers beware! One of these day’s when the economy collapses, Wells Fargo may end-up owning your entire neighborhood. They do say, they’re not interested in your home. That may be true – because they can simply sell your loan to secondary lending agencies.

    So, think about it when considering depositing your money, or borrowing money from banks. Do you want to put it in a big piggy bank, where you may not have control of it in the future? These large corporations are operated by high ranking officers that are only interested in how much money they can earn, so they can make their half million dollars salaries, and in some cases, over a million dollars bonuses and incentives.

    Be smart – read and search CEO’s/executive bio’s and profiles. These type of information are commonly available on the internet.

    Wouldn’t you rather invest your money in a small bank in your area, where they re-invests your deposits to your local neighborhood, whom in-turn lends it to small businesses or future home buyers?

    These “small” banks don’t pocket a lot of money for them selves; they are in the business to compete with large banks like Wells.

    Think! Choose wisey when considering where to put your money.

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