Wells Fargo glitch - 1/17/18

WF still doesn't have egg off it's face from falsified accounts, now the IT boys toss in some burnt toast.

We still use them for a couple of services, (and I like my local guys) but I don't feel like throwing any real business their way anymore.

 

Truth.

Unfortunately those folks get caught mopping up stupid way too much, in many business environments.

 

I dont do business with WF, never will. They opened up a illegal stock ownership account for a former employer. I think the owner was looking for a tax shelter, but gave away a good chunk of the company to us employees. New owner took WF and my old boss to court to settle as they wanted control of the company completely. Also, when my mom was alive, WF had opened up a second account for my mom in Nevada. I think they worked on commission to open new accounts. They have also made the news too much.
Duane

 

As soon as I have all my stuff paid off I’m going with a local bank. It’s easier right now because I have direct deposit and all my bills are direct withdrawal.

 

I would love to use a local bank, and of course I could. But we travel enough, in and out of country, that there are some advantages to being with a big bank. One that has partner banks in some countries overseas to help reduce fees on some things.

We already have 'most' of our stuff at one of those 'other' big banks. We became WF customers via M&A, not choice. We're grandfathered on a budget friendly SD box there, and the two accounts we have are related to rental properties, so funds are kept separate from regular living. Easier money management for those with the checking and HELOC.

I managed my parents assets in their last years, and they were also WF due to M&A. That was a complex situation due to VA, SS and medical trust funds all having to be separate accounts. Fortunately that worked out ok, and all that has been wrapped up for a couple of years now, since their passing.

I can tell you another I'm unhappy with. Not that anything has gone 'wrong', but I think they are klugey and cumbersome, and that's TD. A family member has an account there, mostly because it's the only bank around where they live in the NE that has local branches here, and I'm involved in helping them manage some things. Sometimes you just need to sit and look at someone when doing business. But I'd never suggest TD for any other reason that just sheer necessity. No offense to our Canadian brethren who may like them or even work there. It's just the way I see it.

In the future I'll likely move away from brick and mortar banking altogether, if I can find free ATM services and a suitable alternative to an SD box. I mean I can scan and cloud load documents, but not the gold bars, diamonds and sidearms.

 

I’m trying to become a minimalist. (0%debt including no mortgage) If I can obtain that goal. Have a few small rental properties to supplement some income after I give up the sailors life and keep the 401k and Roth going I think I’ll be able to manage with a small time bank.

“I know how to get along with humble means, and I also know how to live in prosperity; in any and every circumstance I have learned the secret of being filled and going hungry, both of having abundance and suffering need. I can do all things through Him who strengthens me.”
‭‭Philippians‬ ‭4:12-13‬ ‭

 

I'm amazed that anyone still uses Wells Fargo or Bank of America.

 

It’s the convienence of it but if we all who bank with them responded as we should have it would of set a higher standard for them. They truly are a trashy outfit and I can’t wait to pull my money out and put my money with a bank that deals with integrity. Though they may be hard to find