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The idea that a large bank like Wells Fargo is a strong community partner is laughable. Banks like Wells Fargo have terrible buisness practices. If a customer is down on his or her luck and happends to overdraw their account the person is hit with massive fee's that get larger each day which makes their financial situation even worse causing the customer to be burried in anothother layer of debt.

Banks Like Wells Fargo are able to get away with these practices because of their size. The only reason a smaller bank doesnt take advantage in the same way is because they don't have enough members to get away with it. We are kidding ourselves thinking that if given the chance a localy owned bank wouldnt try to expand and do the same things that larger banks do.

Keep your money in a credit union at least then you have a little bit of control and will recieve some accountability from the people you are trusting your money with.

posted 2 years, 2 months ago
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