Eyes on the ball, and watch your bank statements. When I refi-ed the home, I was apparently signed up for a Premium Line of Credit and Checking Account (the best available from Wells Fartgo, I was assured). I've keep $0.00 balance in there ever since, ie. never used the thing. Yesterday's statement showed an Overdraft Protection Advance of $300 from my el primo line of credit hee ha to the checking account. That's interesting. Oh, there's a $25 fee for not maintaining a minimum balance this month (why not the 3 months previous, I don't know). To boot, throw in a $2.25 finance charge for the $25 fee.
At least the phone call at lunch today got me to a real person in less than a minute (as opposed to Verizon FIOS's non-highspeed customer service lines). After getting everything sorted out, they decided to “downgrade” my account one level, from el primo to el sub-primo. The lady assured me that by downgrading I wouldn't lose any of my current benefits, but I wouldn't have to have a minimum balance either [sic]. Subtle. I glady accepted el sub-primo. When said and done, all charges were reversed, and I was allowed to keep the $0.01 of interest I earned on the $300 that they pulled in this month.
2 comments:
interesting. I hate having to make a zillion phone calls about things like that - that are not even your fault.... We bank at a credit union for reasons like that.
Welcome to the World of Banking...Wells Fargo has wells of fees and they are stinky about them. Follow the rules or come up with the fees. If only we knew all the rules! And they aren't "just guidelines."
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