Respected sir/madam,
Beware !! In the last couple of months Wells Fargo has changed their online banking procedures in a way to easily rack up overdraft fees. I personally went in and spoke to a banker on 04/2010 to have all over draft options turned off. This does not matter you will still acrue overdraft fees through their creative accounting process they have recently initiated.
It works like this...
I had $1000 in my joint checking with my husband on the first of May. I spent most to pay all the months bills and buy gas and groceries on the 2nd. Midnight of the third my husband transfered $250 to his eagle cash card for him to use in Iraq (he is an active duty service member currently deployed). His transaction was made last but it overdrew the account by $50 which should be fine because we have the money in savings and I am supposed to get alerts via email that also comes to my phone immediatly.
The creative accounting comes in here. They left all purchases as pending for three days and proceeded to approve in order the biggest amounts first which was rent and his transfer. They changed the date of his transfer request to reflect that it had been requested and made BEFORE the small purchases which was incorrect. Because of theire switching and pending tricks they were then able to access overdraft fees on 6 pending actions. I happened to check the account before midnight of the pending transactions that would technically cause overdraft and tranfered $300 to make sure it was all covered and no fees were given. They posted my tranfer as the NEXT business day when I went to look again and went ahead and assesed 6 $35 overdraft fees. I cover the amount and call and talk with a banker about transactions not going through in the order they were made and get no help. So I resolve to speak to a banker the next day. TWO DAYS after I have fixed this problem I get the notification of insufficient funds. I call to tell them as am example that their system in incorrect and not giving notice in accurate time, they do nothing but agree I am not negative in my account.