Today, the relationship ended badly. I had to open a new account a few weeks ago and my "banker," Tiana Jordan, erroneously told me that my old privileges would transfer to my new account. This means automatic clearing of checks, no hold on paycheck, and funds immediately available. Tiana Jordan lied. Wells Fargo did, in fact, want to place a hold on my paycheck, something they've never done before. So all my privileges had been revoked, so to speak, and I had to start over. I'm not used to being treated that way, I've never had a hold placed on my paycheck. The manager resented my resentments, to which she actually recommended that I close my account. She could not answer why Wells Fargo would promise one thing (ergo, cash my check) and then deliver another (not cash my check, and place a hold on the funds). I had been a customer for almost seven years, and no, your privileges do NOT transfer over from an old account to a new account.
Wells Fargo simply cannot do what they say, and they lie to you.
When I heard about the story of Wells Fargo setting up fake accounts so they could collect fees they weren't entitled to, and now this with them putting a hold on my paycheck, I realized that I was at the wrong bank. Wells Fargo is now absolutely not recommended; they are liars and cheaters and I will no longer trust them with my money.
If I were you, I would close my account at Wells Fargo immediately. After the treatment at the Lake City Branch, I know it's the right decision. I will shift all my future annuities and deposits to Chase bank instead, where at least I was treated like a person and not a number.
Wells Fargo: gone. Absolutely not recommended, they should be closed by the government for their fraud.
http://money.cnn.com/2016/09/26/investing/wells-fargo-fake-accounts-before-2011/
http://money.cnn.com/2016/09/08/investing/wells-fargo-created-phony-accounts-bank-fees/
http://www.nytimes.com/2016/10/12/business/dealbook/at-wells-fargo-complaints-about-fraudulent-accounts-since-2005.html?_r=0
http://www.bloomberg.com/news/articles/2016-10-12/wells-fargo-ceo-stumpf-steps-down-in-fallout-from-fake-accounts
And another four million(!!) plus articles related to fraud by Wells Fargo. I'm glad I got out when I did so I didn't get ripped off.
Shame on you, Wells Fargo. Your position is indefensible. read more