WELLS FARGO just did the UNTHINKABLE and it's going to GET WORSE with ALL BANKS!
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- čas přidán 28. 03. 2024
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Thank you Michelle for bringing this to our attention. I usually get my via email and trash them but not anymore because of the information you just shared. I greatly appreciate you and all you do looking out for your tribe.
Happy Good Friday and I hope you have a blessed time with your family this Easter. Prayers and love ❤to you!
First Red flag...."To better serve our customers" oh, please. 🙄
No. Shit.
I think they mean shareholders.
" TO BETTER SCREW ........OUR CUSTOMERS !! "
"I'm here to help."
-The Government
(***Be very ware***)
Wells Fargo used to try to charge me $5 bucks to see a teller in my own bank to do my banking. I told them to eat me and closed my account.
😂
My sister banks at Key Bank, where asking a teller a question is a chargeable service. Cannot convince her to move to 717 CU.
I left Wells Fargo years ago and went to a credit union.
Are CU deposit insured up to 250000? I read the downside to CU is there not insured to 250000 but only like .30 cents on the dollar
Great choice. I hope credit unions remain as they are. II just went to a credit union myself.
Incorrect. They are insured up $250,000 each. I've been in my credit union for over thirty years. @emt6238
I left Wells Fargo years ago. I don’t like that bank was with another bank they took over. I went in and took all my money out after a month and changed banks. They were changing my account from what I had with the other bank. Didn’t let me know till 3 days before they did it and I just found out because I went into the bank for a deposit.
@@daynastithem3576I also left Wells Fargo for cu.
It’s not right for them to charge for the privilege of playing with your money.
Why not? They are a business
congress?
There is a reason banks and insurance companies always have the biggest, newest and nicest buildings in cities.
Yeah thieves in plain sight
Quit banking with them..Vote with your $$$$$$$$...
Her 2 bucks will speak volumes.....lol
I already closed my accounts with them.
@@mac11380Hers and another 20 thousand will make a dent.
Dont bank with Wells Fargo....
Don't use banks. Credit Unions are a whole different animal. You'll be shocked at the difference
RIGHT! - Join a credit union
Me either, they were shady 20 years ago.
I keep telling my daughter to drop WF but she stays with them.
I love Wells Fargo for the last 7 years no problems.
They will charge you. And therefore you will be responsible for the negative balance. Michelle close the checking account.
It’s always the USPS’s fault. I worked for them for 33 years. If I had a dollar for every time I heard that……..
Just got a letter from USPS telling me it dangerous to pay bills through the mail
Have I got some cluster box stories for you. M0-ron's can't read, readily apparent. So busy delivering JoBi's '24 prefilled ballot's they can't get normal mail right.
My car payment will deliberately wait till the 19th-20th before sending out my next bill statement even tho they got it on time on the 1st. I literally gotta send it as soon as I get it...
Mail in Voting, a fine example.
It’s not USPS fault. It’s her responsibility to make sure there’s enough time for it to be delivered.
😢 they are hurting the hard working Americans.
And, they don't care.
congress?
Not only are they investing your money, but they are charging you too. Little guy getting that extra jab.
Don't spend money you don't have in the bank. I'm 61 retired and I've never over spent in 40 years.
I fully agree !😊
Boom!
Also I have never had a credit card in my life.
59yo
It reaIIy is that simple!
That's what I was taught as a kid. Stayed with me my whole life. Very greatful for them telling me this
@@anandasmomthat's impressive actually
WF has required a $300 minimum balance in a savings AND checking account ($600 total) to avoid a monthly fee! This is why my entire family dumped WF in 2017. China owns WF anyway, just like everything else!
I hate Wells Fargo. They wouldn’t give me or my lawyer a payoff amount when I got a buyer for my house
A similar thing happened to me with Chase. After 20 years, However. I brought up my old paperwork from when I originally opened the account for free nowhere does it state in there that they can change or upgrade you without your consent. You entered into a contract with your bank and decided on which kind of checking to have at that time, they had a higher one with service fees, but since I entered into a contract with Chase with no fees, they cannot do this. It is breach of contract. If you do not contest it, they will do it.
I see that too, but then this month at PNC they sent an amendment that they can change the account type at anytime.
@@shellierobledoMy Discover sent that.
@@shellierobledo They stole that idea from George Orwell's 'Animal Farm'!
The situation you are talking about happened to me a few years ago . I too had $2.00 & some change in the account because I just paid my bills & they sent me a letter saying the same damn thing & was trying to charge me for not having the amount to cover the new fee & I said you can have my 2 dollars & change close my account ASAP & that was the end of that BS from those thieves . Thank you for this video & stay safe always .🙏🏼❤️😊✌🏼
sounds like first interstate
Michaels art supply charges 3.00 a month to have their card even when paid in full. I closed my account there.
Omg so evil.
WOW. 😮
We have a 0 balance on our home depot card and a few months ago we got a letter in the mail Interest rate is jumping from 24.99 to 29.99 smh We cut the card up
24.99% is highway robbery!
with no prior notice either
Same here
You have to cancel the card as per the agreement you approved when you got the card. Cutting the card up isn't the same as closing the credit card account. You still have the account open ready to be abused.
They will close it reducing your credit score if you don't use it. Fact. Screwed either way!
I've never banked at Big Banks...always use my local credit unions. Even so, you should always keep an eye on those as well. Thanks, Michelle, for spreading awareness!
They have to keep those big golden parachute packages for the executives when they are fired or quit.
or incarcerated
Shuffling deckchairs on the Titanic... they are in it together, and you can ensure the only losers are us....
I only use bank for bare minimum, bills only. Everything else is in cash
That'll work until they take our cash away from us which is what they are planning on doing at some point. They want a cashless society so they can track every dollar we spend and no more private transactions.
And that is why I manually call on the phone myself and pay my bills.
Two words: CREDIT UNION.
I haven't had a bank account in four decades or more.
We have zero monthly fees at our credit union for 30 years. There are overdraft fees but we don’t write bad checks.
A lot of things we indirectly pay for and people may not realize it. Just because we don’t directly pay an extra bill for something doesn’t mean it’s not technically included in your cell phone bill, cable bill, etc. I have a credit union and haven’t received anything as of today. 💕🐿️
I too stick with my credit union . 🐿️💯
Simple, punish everyone for the people that are unable to pay their bills on time. Ridiculous!!!! SOOOOO tired of being punished for other peoples bad decisions
Time to do something about it? Or maybe just stay mad? Something has to give. You or them? Time to make the choice.
@@faustianbargains I have made choices, hard choices, because I know it is the right thing to do. I have no problem putting my money and my lifestyle where my beliefs are.
That's a little harsh. Not everyone lucks out getting to make mad money. Situations occur. Blame the companies and banks making their fees and interest consistently so high. Blame the whole money system for keeping people poor.
Learn about Banks and how things work and then let's talk
you poor long-suffering pitiful little dear. how hard life must be sharing a planet with the lowlifery...
This is 2024, everything is computerized and automated. These banks don’t even want to see you because everything is “available on line”. How are they justifying less people, more computers? Who is walking away with this extra “money stream”?
And btw social security will not mail checks. You must now have direct deposit so forced to use banks😢
You would sign up with Direct Express for their debit card. No big bank.
I had a refund come as a credit card I had to ACTIVATE! NO THANKS!!
@Cold_Hard_Truth I looked into that. Closest credit union is 45 min away. May need to bite the bullet. They also stated they must go along with whatever government says so...
@@judigrumm7190That wasn't a credit card, it was a debit card, like a gift card. You turned down your refund for no reason. 😂😂😂😂😂
@edennis8578 I asked them what happens if I activate it, and they said it opens an account. No thanks. That wanted my info to open it. I've had gift/ refund type cards before and they didn't ask me personal info to use it.
I mailed my insurance payment on Jan 4 (wasn't due until the 31st) from New Orleans to Dallas. I had to call and make a payment on the 31st because the check didn't get there. Lesson learned, I could have walked it there quicker. What a pain.
any bill I can walk to pay, I do, why DMV and USPS is one way to get extreme trust issues
❤ HAPPY TO SAY THAT I DON'T HAVES ANY CREDIT CARDS ! IF I DON'T HAVES THE MONEY IN MY ACCOUNT THEN I CAN'T GETS IT
Exactly 💯
That's my motto
Haves? Gets?
@@bajaskier ,MOVE ALONG
I learned a long time ago to not rely on Bill pay after numerous late fees
They NEVER update accounts to better serve you!
That's just so NOT right to offer you something to get your business and then later change the terms ...
business is business. see: wall street...
It is true that the USPS has delayed the mail. What they won’t tell you is that it is actually DeJoy’s 10 year plan to destroy the postal service. I had to make a call like that to a creditor years ago. When I pointed out that the mail sits in THEIR mail room until they decide to get to it, doesn’t give them the right to charge me. My account was corrected and I never had that problem again. I also bank with APCU. Never had a problem.
I just got one today from my bank. I got instantly PO-d I set it aside to read till my blood pressure calms down.
I would find a different bank that doesn’t charge you $12 for a checking account. That’s ridiculous.🤦
They are even charging you to use a debit card😂
What bank
I got rid of my credit card 30 + years ago. Cash only or I don’t need it I always say . Sometimes I too want to fit in but I don’t do it ! 😊 sometimes it’s so hard I just grin and bare it 😂🤣💯👍🏼🐿️ !
I use chime the bank in the clouds so far I really like it but what worries me is when they eliminate the dollar
How about I just keep my cash
What's insane is people with excellent credit having to pay 28% interest on a credit card! Some are paying 36% along with monthly and annual fees.
I’ve got 1 credit card & I noticed that they were sending out the notice at the last minute so I was always worrying that I would get it in late & I always pay the full amount I owe & never have late fees - so I the payment is due at the end of the month & I now call in the second week & get my balance, figure out if I actually owe more & just send a check in early so they can’t catch me. 😂 I even drive them crazy because I will send extra & They hate it!!!! 😂😂😂 Oh, it is for the next month too.
The new game with the banks is to hold on to your money as long as they possibly can, by any means.
Where I live, Wells Fargo has been charging the $12 for over a decade unless you do what you just said.
I opened a checking acct at 5/3 and parked $1000. In it for emergencies. At 3 months in, I received a notice on my account update that they were charging me $10. for no activity. New rule that they hadn’t informed me of when I opened the account. I need to keep the account, so every couple of months I deposit or withdraw $1. It’s annoying, but it’s on my way to the grocery store, so I’ll continue til I don’t need it any more.
Thanks Michelle for your honest feedback on what is happening. 😊❤
Thanks for the heads up - going to check today. We have free checking! Hope it is still free (for veterans). I hate banks, generally speaking. They are always making us pay through the nose, and use our money too.
The people who aren’t serious about being responsible are the people who should be punished. The people who ARE serious about being responsible NEED to be REWARDED!! If these banks don’t do this, then there really aren’t any incentives for the irresponsible to become responsible.
Why should you be rewarded for being a functioning adult?
They absolutely will charge you the overdraft fee. I had Wells Fargo checking account and they would do stuff like say I had $300 in the account and then there were 4 charges that hit it on the same day. One charge was $301, and the other 3 were $25, $35, $20, they would pay the $301 charge first which would overdraft the account and then they would pay the smaller ones and charge an overdraft fee on those 3 as well. Why didn't they pay the 3 smaller charges first then the big one and then only one fee?
My bank years ago did the same thing then got hit with.a.class.action lawsuit....that is VERY ILLEGAL
Never understood if you were in the negative how another negative was a positive.
Don’t own a credit card
Wishful thinking; only if that was so simple. Everybody is not rich like you.
@@MegaMyjasonI don't have any credit cards and I am very far from being rich.
@@MegaMyjasonIf you're poor now, credit cards will make you a whole lot poorer. I speak from experience. I still have a credit card, but I never have a balance for longer than a week.
After years in the "non profit" credit counseling industry, Wells Fargo has always been in the top 5 worst creditors. Some of the others are BOA, number one Citibank, among others. This was at least 25 years ago. SMH
I have had serious issues with USPS for years with incoming/outgoing mail. Mail carriers have been attacked and their master keys stolen, over 5 times in Las Vegas, most likely to steal mail in lockboxes. And anyone applying for a mortgage with high credit scores are now being made to pay an added monthly fee for those with poor credit scores.
When I pay my credit card payment, I send it "registered mail". O.K. it cost me $5.25, per mailing.....beats out the $35 dollar late fee. Until I took these measures, I was ALWAYS charged a late fee. This procedure stopped my "late fee charge". Now they are upset that I haven't charged anything lately. I hate to tell them that I have their card for "emergencies".
..Not for splurging or unnecessary spending.
Registered mail cost way more than $5.25! I retired from the PO. You must mean certified mail😉
Predatory practices
The world is a rip off
You don’t say? 🥳 Something’s gotta give…..🤫
So now the people who pay on time are charged to compensate for those who don't.
Great job, government/ banks.
Great video, Michelle. Thank you for sharing.
I was just at my bank and a man that did not have an account came in to cash a check. The teller said they had to charge him $10 to cash it. I remember doing this in the day and was never charged to cash a check at the signers bank.
The banks in my town won't cash a check at all unless either you or the person who issued it has an account there. If not, you have to go to Walmart.
Wasn't that the bank who were opening multiple accounts on their customers without their knowledge a few years back?
yep
Good alert here, will keep an eye out for this. 😑👌
I make all of my mortgage payments in-person at the bank, because it was taking them 3 weeks+ to process the payment when I paid it online. And I ended-up hit with late fees. And somehow, it was always late by just 1 day. 🤔 And it's the same bank, holding both my mortgage & checking! 😡
Also, opt out of bank & CrCd overdraft services. If you don't have the money to pay for something, at that moment - don't buy it.
(And if you don't have a head for math, to keep track of your account balances, sign-up for daily account balance email notifications. From both your bank & credit card companies. Very easy to do & very helpful.)
Thank u sooo much for your hard and dedicated work Michelle. I will keep my eye out
Close your account or they'll ruin your credit. They'll keep charging you $12/month and if you don't pay it, they'll report it to the credit bureau. They might even take you to court.
I'd close my bank account if they started charging me ridiculous fees just because I chose to leave a small balance in my account I usually pay my bills electronically and only leave enough money in my account to cover other person expenses. Its my account and my choice and not theirs. Thanks for the heads up Michelle. Going forward, I'll be more cognizant than I already am concerning my finances ❤
Thanks, neighbor! That information is good to know. Keep up the good work!
I have a credit union
Credit Unions aren't always a safe and trusted bet. Check all the Hidden Print that some have. Not saying yours is bad, but there are some that are as bad or even worse than the Big Banks.
Thank you for the important information!
Great. Instead of only punishing those who are late or overdraw, they're going to punish everyone. I do not pay late fees, overdraft fees, or even credit card interest because I manage my money. I guess I'll be closing a lot of accounts and credit cards.
Not sticking up for banks but be responsible and don’t buy what you don’t have money for. Be responsible for yourself.
Happy Friday!!!🐿❤❤❤
Thank you. With the everything else going on,I hadn’t thought about it. I’m so glad you alerted me to it. I will check now.
Everyone should have left Wells Fargo after the first time they got busted setting up fraudulent accounts.
Well I think when my squirrel tribe mug gets here I’m going to fill it with whisky 😂 Lord help us
Thanks for the heads up. Yes it’s tough out there for people right now. 😢
We quit WF long ago for the same reason. You get the shaft; they just periodically change the methodology.
Who pays a monthly fee for a checking account?! Absolutely not! There are a zillion banks who don’t charge a monthly fee. I would immediately close my account and find a free checking account.
I paid a $5.00 fee for a cashier's check to buy a car in 2018. That was the LAST time I paid my local credit union any money that went directly to them for their expenses. I've had free checking for 12+ years.
Thank you, for the heads up!!!
That's why I use a credit union
Thanks for sharing with us. ❤❤❤
Awesome information! Thank you. 👍🎯🙏❤
Thanks Michelle ✌️
Thank you Michelle, have a great Friday you and your family!!
Oh my goodness, here in WV my household in January had to pay for 2 utility bills late because of USPS. Last month, I had to renew my driver's license and it was only good for 5 days, instead of the normal 5 years. I made a phone call to the DMV and was told that I would have to go back there to get it fixed. Everything in the US is wonky and the people are making me crazy. Thank you for this great information and allowing me to vent. You are amazing and I hope that you have a wonderful Easter with your family.
To whom it may concern pull your cash out of banks. When they flip the switch they're going to screw you.. and go by physical silver
You can only draw so much out because if you pull out 10,000. Your flagged and even separate withdraws that total can be flagged too. Put in all you want but try to pull it out large amounts Your flagged to the IRS.
Glad I left Wells Fargo
Thank you for the information Michelle. Have a wonderful Easter with your family
Don't send any checks through the mail. Even the post office is warning people not to do that.
Follow the money. It’s ALWAYS about the money. Like shoplifting and the looting that’s going on. They pass the money they lost on to the customer by raising prices.
Banks have I believe 2-3 business days to process deposits as well. Watch out for that too.
Yes if you only have $2 and it's $8 negative or whatever you're going to get the negative and they're going to charge you an overdraft fee
I got an email today, and you just updated me with more info. Thanks for sharing 😊
Go to a credit union! Stay away from BIG BANKS.
Wells Fargo removing free checking and now charging a monthly fee.....done , now you dont have to watch it..
Thank you for the update, i do bank with WF for years. I'm always broke, so they get nothing from me.
Michelle
12$/month is worse than the 38$ late fee.
People are fighting for that 38$ late fee and won the fight…shouldn’t we fight for that 12$/month fee?
Same thing just happened to me on an account I’ve had for free 12 years!!!! They just started charging me a $15.00 a month service fee on my checking account that I pay my Wells Fargo Mortgage! Before they said it was FREE! I’m fighting it now.😢
Thank you Michelle!!
I have something similar..checking on that.
Mine is with a credit union carrying my credit card..thank you for heads up
Thanks for info. I will keep eye out for this.
Girl thank you for bringing this to our attention! I don't bank with them but I'm sure they aren't the only ones to do that