Wells Fargo Clients Report Missing Deposits as Bank Works on Fix

Re:Wells Fargo Clients Report Missing Deposits as Bank Works... by dieselgate on Saturday March 11, 2023 @12:22AM (#35105680)

I would recommend checking out Charles Schwab or a local credit union. I have account at Schwab (investing and general checking), local credit union (for a credit card and business checking), and Wells Fargo (because an account was opened for me as a toddler).

Wells Fargo is by far the worst but I just hold minimums to prevent fees (fees having a checking account is the most rubbish thing ever) to avoid a hit to credit score.

Schwab has a good mobile app and website, great customer service, and offers great checking accounts (full atm reimbursements and no fee international, no minimums to open an account). I have found the Chase app to be pretty poor.

Just some data points and I’m speaking about what works for me. Super happy I went to Schwab but do your own research if desired

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Re:Wells Fargo Clients Report Missing Deposits as Bank Works... by TedDoesntTalk on Saturday March 11, 2023 @12:24AM (#35105700)

I’ve read that Schwab checking has NO fees. If you overdraw, the check/draft doesn’t clear and you don’t pay any fees to Schwab.

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Re:Wells Fargo Clients Report Missing Deposits as Bank Works... by dieselgate on Saturday March 11, 2023 @12:28AM (#35105724)

Wasn’t sure on this but according o NerdWallet Schwab will not charge an overdraft fee if they’re able to transfer funds from a savings or brokerage account. Not sure about specifics.

Schwab doesn’t have anything obvious on their site about overdraft but I’ve never paid any fees to them for anything

https://www.nerdwallet.com/article/banking/overdraft-fees-wh...

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Re:Wells Fargo Clients Report Missing Deposits as Bank Works... by KennyBlanken on Saturday March 11, 2023 @02:36AM (#35106303)

"Pull from another account" is common but also potentially very dangerous if you intentionally don't keep a lot of funds in your checking/debit account to limit the damage someone can do with a fake check or your debit card.

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Re:Wells Fargo Clients Report Missing Deposits as Bank Works... by rationalist on Saturday March 11, 2023 @08:17AM (#35108048)

Is your only Wells Fargo account, a checking account? I didn't think checking accounts had any impacts on credit scores? Or do you have a credit card with them?

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Re:Wells Fargo Clients Report Missing Deposits as Bank Works... by dieselgate on Saturday March 11, 2023 @12:46PM (#35110710)

Ugh they were my primary bank until about 5 years ago so I have one cc and checking/savings. Hope to close the account in a few years, maybe I should do more research on the credit score impacts but good riddance can’t wait to close

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Re:Wells Fargo Clients Report Missing Deposits as Bank Works... by piperswe on Saturday March 11, 2023 @01:16PM (#35110968)

In 99% of cases, checking and savings accounts do not impact your credit score whatsoever. The only cases where they do are cases where the bank does an inquiry when you _open_ the account, but closing any checking/savings account should have no impact.

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Re:Wells Fargo Clients Report Missing Deposits as Bank Works... by IG_Semmelweiss on Saturday March 11, 2023 @09:25AM (#35108489)

Schwab stock value has gone down a lot because they are presumed to be under the same pressure that brought down svb

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Re:Wells Fargo Clients Report Missing Deposits as Bank Works... by dieselgate on Saturday March 11, 2023 @12:47PM (#35110718)

Fudge good call out am starting to see these articles now

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