Beware Wells Fargo!

[RandyWatson13]

Wells Fargo is the devil

[LordNikon]

Wow magoomafoo, 4 days when you deposited cash? Are they out of their minds??

[WhereTheSidewalkEnds]

Originally Posted by magoomafoo

My experience with WellsFargo was far from good also. After months of depositing my paycheck into my checking and having to wait 3-5 days for it to clear, I decided to see what happened if I deposited cash. I cashed my paycheck at the bank the check was drawn on, went straight to WellsFargo and deposited the entire amount in cash. It still took them 4 days to post it to my account. During the 4 day wait, I was charged a service fee which took my account below the minimum balance ($250). They did not transfer from my savings and I ended up with over $50 in charges. Needless to say I cancelled my account.

Did you deposit it on a Friday evening after the cutoff? If so, then it wouldn't post until Monday. I have banked with them for 7 years - business and personal accounts and have never, ever had a check held. Not ever. Funds have always been available the next business day. Depositing cash has been no different than depositing a check for me. It will post the next business day.

Now if I transfer from one account to another online, it's available immediately.

[Lacerta]

Originally Posted by jkcoop

Did you deposit it on a Friday evening after the cutoff? If so, then it wouldn't post until Monday. I have banked with them for 7 years - business and personal accounts and have never, ever had a check held. Not ever. Funds have always been available the next business day. Depositing cash has been no different than depositing a check for me. It will post the next business day.

Now if I transfer from one account to another online, it's available immediately.

Same here...never had a check held, and we deposit hundreds of checks every month, since we have 3 different business, one of which is a rental business. Literally hundreds of checks a month get deposited in our accounts, and have had 0 held in the 10 years I've worked here and banked there.

If you make their 4:00 cutoff (6:00 on Friday), it posts same day. After 4:00/6:00, it posts the next business day. The only way a deposit would ever take 4 days to post would be if it went in after hours on a Friday, and the following Monday was a holiday.

And I agree, checks, cash, cashier's check, whatever, it makes no difference. Before the cutoff, funds post same day. After the cutoff, they post next business day. I have never experienced otherwise.

[magoomafoo]

Sometimes on a Friday (whatever day payday falls on). I used a different WellsFargo once in another town and did not have it happen to me but I am in that town maybe once a year.