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Wachovia Bank Complaints - Incompetent or deliberately skims accounts

Review all Wachovia Bank complaints

Wachovia Bank

Posted: 2008-07-01 by Ray/rkom [send email]
Incompetent or deliberately skims accounts
Complaint Rating:  100 % with 3 votes
Company information:
Wachovia Bank
Roanoke, Virginia
United States
Phone: 1-800-922-4684
www.wachovia.com

On or about 6/18/08 I requested online to have a CD account of mine closed and a check be mailed to me. I was told on line that I would have to call in on 6/20. I Did! I was told the account was closed and a check would be mailed to me

On 06/25/08, not having received the check, I called in again. I was told the check was mailed out on 06/20/08 and I should wait 8 to 10 days because the post office is not reliable.

On 06/28/08, not having received a check, I called in again. A person named David said the account was closed on 6/20/08 but could not tell when the check was mailed out. He was to call me 06/30/08 and let me know when the check was mailed. I asked him to leave a message if I was not there. He called when I was not home, but left no message.

Today, (06/30) I received the check and I find that the check was not made out until 6/26 and was mailed out on 06/27. This was an account that held $59, 752.56

I want interest for 06/20/08 to 06/27/08.
Comments United States Banks
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Comments

131 days ago by Holly [send email]
My experience was almost identical with a Wachovia branch in McKinney, Tx. Last Monday morning I called with specific instructions to roll a CD asking that the interest check be mailed to my home. My instructions were specific enough that the officer repeated them back to me before assuring me he would take care of it immediately.

Late that afternoon I received a rather puzzling phone call from a man identifying himself as "Steve." At the time I assumed "Steve" " worked at Wachovia's local branch . I thought it was odd, someone calling to confirm the very instructions I'd given the bank officer earlier that day. The conversation made no sense, but "Steve" assured me my check has already been processed. I can't remember if he said my check was on the way or had just been placed in the mail. Either way, by Friday, there was no sign of the check. It wasn't until this morning that I realized the call came from an aea code in Chicago.

Near closing time, I called the local branch office asking to speak with the bank officer with whom I spoke on Monday. The woman answering the call told me she could help, asking for all the details. Moments later I was stunned to learn that that not only had the interest on my CD been rolled back into the account, there was no record of my request to have the check mailed. I asked to speak with the manager; it turns out the manager was the same officer with whom I spoke on Monday. After demanding he take the call, the woman assured me he was apprised of the situation. Upon taking my call, the manager pretended to have no idea why I was calling.

Any surprise I had before turned to shock upon learning not only had the bank kept my interest check, they claimed it was less than half then that actually owed. Immediately I had to wonder if someone had somehow managed to manipulate the account, pocketing part of my interest check.

Upon conveying my concern along with threat of appeal to Wachovia Bank CEO Bob Steel and direct report to John Dugan, Controller of the U.S. Currency and Director Criminal Investigations and Michael Mason, FBI Director of Investigations, the manager realized his "mistake.” As it was nearing 6 p.m. on Friday, I told the manager I expected a check for the full amount hand-delivered to my house by 5 p.m. Monday.

Amazing, the power of fear. A check in the full amount was ready and waiting the next morning.

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