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Mann PerkinsHamilton Nolan
5/06/15 1:46pm
So I’m moving to LA in a few months and I had planned on switching from my current bank to Wells Fargo—since in my experience that seems to be the bank of convenience in the area. After reading this article and the comments, I’m conflicted.

What bank would you guys (the LAers) recommend?
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  peteroriondavisMann Perkins
  5/06/15 2:01pm
  Honestly? I would just recommend going with a credit union. Every 7-11 has a co-op ATM, which means free withdrawals at more locations than any given bank (this map just gave me 100 options that are all within five miles of my house) . Also I’ve found that credit unions don’t try to systematically screw you and are generally super-easy to get ahold of.
  
  GIF
  
  I have a Navy Federal account, and their closest branch is in Orange County, but it’s not like I ever need to go to a physical location. If that’s something you need to do, I have friends that are members of First Entertainment that swear by it.
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  kaysey17Mann Perkins
  5/06/15 2:17pm
  Check out the credit unions in your area. Credit Unions ROCK! ┏(＾0＾)┛┗(＾0＾)┓
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Thunder-LipsHamilton Nolan
5/06/15 1:16pm
God I fucking hate Wells Fartgo so fucking much. going to one is like having the shittiest dental appointment ever.
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  Crunch-TacosThunder-Lips
  5/06/15 1:37pm
  So here’s my Wells Fargo story I had a credit account and debit account with them in college. One weekend I was running low on money and my credit card was expired they were mailing a new one. So I went to the bank to make sure if I overdrafted it would go to my credit account so I wouldn’t get od fees. Talk to a manager she assures me I’ll be fine. So I go to pay the electric and get groceries. The card gets declined at the store. So I go back to Wells talk to another manager who fixes the problem she too assures me the purchases will transfer to my credit account. Come Monday morning when all the 8-10 various purchases are tallied I have $800-$900 worth of overdraft fees.
  
  So I go to the bank, talk with the branch manager who can’t figure out why they didn’t transfer to my credit account. She calls someone only to find out the only way it will transfer is if you have cash advance left on your credit card. They then try to make me pay for the overdraft fees because I had overdrafted three times before (my fault there). I explain to the regional manager of about three states that that is the exact reason I came in to talk to your managers is because I had overdrafted before and I wanted to be perfectly sure that they would transfer and three separate people gave me the wrong advice. In the end I ended up paying $600 in overdraft fees with a check I asked the manager for a pair of scissors cut up my card and threw it on her desk and said I am never fucking coming back here for the rest of my fucking life loud enough every bank patron could hear it... And I haven’t.
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  lecomtedArgentalThunder-Lips
  5/06/15 1:40pm
  A dental appointment...in a prison.
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Fakey McProblemsHamilton Nolan
5/06/15 1:13pm
As someone who worked extensively in retail banking: every major bank has managers who push their bankers to do this.
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  nramos33Fakey McProblems
  5/06/15 1:23pm
  That doesn’t make it right though. And it’s nice to see someone willing to fight them on this.
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  Sara-Slaughter607Fakey McProblems
  5/06/15 1:32pm
  Agreed. My sister has been in banking for 9 or so years and has worked for 3 of the majors as well as a local... every single last one had a monthly account quota to fill. You are a salesperson, not a customer service rep. Don't be fooled.
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mkUltravoxHamilton Nolan
5/06/15 2:09pm
Surely not! This restpected drug money laundering bank would never behave so poorly!

“Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers — including the cash used to buy four planes that shipped a total of 22 tons of cocaine.”

http://www.bloomberg.com/news/articles/…
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  mkUltravoxmkUltravox
  5/06/15 2:14pm
  ... tick tock, waiting for commentor JRA (another thread re: mortgages) to say “the bank customers should’ve known not to get defrauded” and/or ” well if people didn’t buy drugs banks wouldn’t have money to launder”
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RealAmurricanHamilton Nolan
5/06/15 1:43pm
Can we pleeeease stop burdening these guys with regulations and oversight and just let banks do their darned job? Freakin’ gub’mint, always stickin’ it’s nose in everyone’s business.
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  foolioRealAmurrican
  5/06/15 2:20pm
  Freakin’ gub’mint, always stickin’ it’s nose in everyone’s business.
  
  *bidness
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  Hannibal the Cannibalfoolio
  5/06/15 4:38pm
  It’s bizness.
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ShaunyPHamilton Nolan
5/06/15 3:31pm
I worked for Wells Fargo during the latter part of the bubble years and the financial crisis. Ultimately I was laid off in the middle of 2009. I can corroborate some of this story as Wells Fargo is all about cross-selling very aggressively. They were beating us up during the darkest days of the crisis, even when the credit department was virtually denying everything but the most vanilla of risk. Our Regional Manager was the biggest gaping asshole I’ve ever met and called people worried about the state of the economy in late 2008 “losers” and “defeatists” who are just “bringing everybody down with their negative attitudes.” Needless to say, my division never made it out of the financial crisis and ultimately everyone lost their job, except a few who were absorbed into other parts of the bank. They really are a piece of shit bank and any attempt to wipe the shine off them is very welcome.
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Sons of Sam MaloneHamilton Nolan
5/06/15 1:37pm
I worked at a WF in the Twin Cities area in 2006 and everything laid out in the allegations happened at the branch I worked at as well. At the end of a quarter, in order to get to the next bonus level, almost every employee opened at least 1 or 2 new accounts from a different employee all while our managers stood by and encouraged it. Gawd I hated working there, but because I am lazy I still have all of my accounts with them.
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Taint NuttinHamilton Nolan
5/06/15 1:47pm
The wife and I opened a joint account with Wells Fargo just to make our sham marriage look real (long story inaccurately short). The woman handling it asked me if I would ask my employer if they may need their services.

I almost shitted my pants. Who thinks that’s good business?

And on a related note, my B of A branch has now taken their war against their own human employees from reminding me I can make deposits via ATM all the way to taking all the calculators out of the joint. Pretty sure that means I have to escalate my war against the machines by fucking up my deposit slip by $50 in my favor every month.
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SktroopHamilton Nolan
5/06/15 2:17pm
And Wells Fargo will end up with a nominal fine and no admission of wrongdoing. The only people who will lose jobs will be a few low level employees and one scapegoat exec who had little to no involvement.
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Stolen CorollaHamilton Nolan
5/06/15 1:13pm
Super shocker that the same company that systematically exploited minority mortgage applicants might be up to shady stuff.

The puzzling part is why credit unions are striving to be just like these criminal banks rather than seeing that people would prefer not to do business with these types of people if there were some other alternative.
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  kaysey17Stolen Corolla
  5/06/15 2:19pm
  “The puzzling part is why credit unions are striving to be just like these criminal banks...”
  
  ****CITATION NEEDED****
  
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