I agree that Wachovia should be investigated for practices that seem to affect the consumer to their advantage. Namely the NSF fees and when they are applied. I recently had an auto debit to be withdrawn on the 4th of each month. The company said it, because of holiday and weekend, attempted to withdraw on the 6th/7th of the month. Wachovia made the claim on the 12th of the month, causing me an overdraft fee of $35.00 plus the fee of the receiving institution. I called and complaint to the bank manager and district manager to no avail. They threatened me with the fact that they will return me $10.00 and if I insisted they can withdraw that return.
There is something wrong with the way Wachovia is making profits and I feel that the US Banking Regulatory Committee should investigate and initiate a class action suit it any violations of the banking is at question. The manager was very arogant and threatining at times. Seemingly indicating what can you do about it.
I suggest all folks who have account with Wachovia/Wells Fargo to withdraw there accounts and seek banking elsewhere.