I just went from those crooks to Wachovia. We have taken four accounts from them so far, and I intend to spread the word widely. They now say that they cant do anything about it. Everybody makes mistakes. They count on them to make excessive profits. That is exactly why the system is set up that way. Think about it. They want you to overdraft and they love it. The do not want, in any way, what is best for you. And they are getting to be the worst. What I mean by that is that my guy at Wachovia said that he can fix those kinds of problems in most cases. That is what people want.
My neighbor just overdrafted seven times. She was moving into a new place and having to short sale her condo due to financial difficulties. She had several on time extra expenses like Progress Energy and those types of deposits. BB&T only gave her back credit for one of the seven overdrafts. What a bunch of ###s! The girl works at Verizon and is struggling for every penny at this moment, and they are there to put the screwing to their customers at the worst time. What business partners they are, huh. I told her I would give her the referral fee if she went to Wachovia plus an extra fifty bux bonus. Screw BB&T just like they did her. They will be losing a lot of accounts, and will not be around in the future to benifit from the recover when customers start to prosper and their deposits start to grow. Wachovia will be making the spread on my money. They are offering a 10% bonus after 12 months on the first 3000. So, after a year I get a 300 dollar bonus. Do yourself a favor and go to a bank that is better in terms of technology - you get same day deposit up to 8pm at the teller at Wachovia and deposit check imaging. You get infinitely better customer relationship management by a person who is much, much, much more competent. Did I stress that they are much more competent. All you have to do is look around in BBT then go to Wachovia and do the same. You will understand what I mean. And, last but not least, if you want to make more than 1% on your money - run to Wachovia. They are going to beat the crap out of BB&T this year.
Incidientally, I would short BBT stock and buy Wells Fargo if I were doing a pairs stock trade as this is inevitably going to translate into poor stock performance for BBT when others start to act on this news.