"Consumer Reviews on Companies, Products and Services"

USER REVIEWS (Patrick Brian)

Wachovia Bank Cranford New Jersey
Patrick Friebis August 7, 2009
My daughter spent more than she had in her account. Three additional checks for small amounts overdrafted. The net result $35 times 4 or $140 in charges for aproximately $100 total in overdrafts. Within a week a deposit cleared and the overdraft fees plus the overage were deducted from the account. However the question is should multiple overdrafts resulting in under $100 or even $ 500 cost $140 in fees ? One consideration is the cost to borrow $500 for a year at 10 or 20% interest which could be an annual charge of $100 to $200. So why not... read full review »
Filled under: Business & Finances Location: United States

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