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Yowch! Holy Banking Rip-offs, Batman! - Life is strange... — LiveJournal

Mar. 12th, 2008

10:48 am - Yowch! Holy Banking Rip-offs, Batman!

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From:sierra_nevada
Date:March 13th, 2008 07:16 pm (UTC)
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I said it before, I shall repeat: the Wells Fargo billpay system turned me into a solid credit risk, and the key thing for me is that I didn't have to give any of my vendors any "drawing rights" on my bank accounts. I push money to them at my option and on my schedule (though I've used WF's system to automate a lot of it), rather than allowing them to pull money from me.

Big Win.

BofA, US Bank, and HSBC also offer (more or less) the same basic functionality, but not all of them have the same level of automation.
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[User Picture]
From:generalist
Date:March 21st, 2008 01:39 am (UTC)

Something to look into

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Hi!

Yes, that the agreement in no way allows any person or institution ever to pull money from my account is the most important detail.

It sounds like they, or at least WF, writes the agreement that way now, I will check it out. WF has been OK, if impersonal, for me, BofA has been disastrous for me, multiple times.

Thanks! generalist

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