How to Upgrade Wells Fargo Teen Banking account?
You can go to Wells Fargo and open checking accounts of your very own. With Wells Fargo rules, you cannot take people off your accounts. You have to close them and then open new ones. Though, that may or may not be policy depending on what state you live in. In Texas, that's how they do things. Since you're 18, you can have your own accounts now. Go to Wells Fargo and open sole accounts. Make sure you bring your ID with you.
Wells Fargo closed my checking account due to overdrafts. What happens from here? I am willing to pay.?
that happen to my husband when he was single. He got an account with a different bank. i had a wells fargo account and could not get him in because he had close his account but they never really closed it so when he came back from deployment he was send to chexsystems. we went to his bank and pay off the amount at the bank and got a letter from them first before paying, saying that they would remove it from chexsystems a week later he was out of the system. make sure that any deals made first come with a letter stating that upon payment they will remove it from chexsystems, pay with money order or someone who writes you a check and make sure you have copies of payment so that you can fight it off later if they don't without a promise of removal upon payment the collection agency can sell your account to someone else and not remove it, protect yourself. good luck.
Will Wells Fargo close my account if I'm in a negative balance for 15 days?
you can keep your account negative as long as you want, but the longer you keep it negative, the more possible fee's you could get. do you have overdraft protection? you know that's free to have right? instead of their $35 fee for every individual item, it would be just ONE $10 fee for everything...i STRONGLY suggest this, there is no reason not to have this, and if you say "this is a one time only overdraft occurence...won't happen again.." i'll laugh because i've heard that PLENTY of times, and 85% of the time it happens again within the week, because there's a floating check or pending purchase out there. use a ledger, that helps too, make sure to balance it after every purchase and this will nver happen... taking a loan out as someone else suggested is not a good way to get out of this, because there will be interest on that loan, so you'll just have to pay more back later. see if your parents or a friend could bail you out just once...but make sure you pay them back ;) but to answer your question again...no, your account will not be closed just for being negative 15 days.
Wells Fargo closed my bank account and my debit card. They told me that it was a business decision. What should I do?
Get all the reports you can of your account, if possible this should include a written reason why your account was closed, and no “a business decision” is a type of reason, it is NOT a reason in of itself. By that standard everything a business does is a “business decision”.They MUST give you a guaranteed check (or cash) for the remaining balance across all accounts they closed, minus any LEGITIMATE fees you incurred. They cannot just keep that money unless you actually owe them that money. A shady bank may make up fees after the fact to justify them keeping it, but that won’t fly if you get lawyers involved. And FYI civil lawyers in damage-compensation seeking cases get paid from the money the courts award you if you win.If the bank closed your account because you were constantly overdrafting, resulting in a perpetual negative balance on your account, then I’m sorry but that’s a valid reason. There’s several others, but that’s the most common reason of this happening to a typical bank customer that isn’t doing anything shady.Wells Fargo may be doing better now, but they fell into the “shady” category until recently. The bank was smacked upside the head by some district attorneys and judges about a year ago for doing weird things with customer info like managers opening multiple unauthorized accounts in customer’s names to spike their commissions, then closing them a week later.This was noticed when some customers were denied financial accounts at other banks based on a poor credit rating when their credit should have been in good standing. After requesting a credit report they saw multiple credit cards, mortgages, lines of credit, all opened and immediately closed at Wells Fargo that they didn’t authorize.
Why can't I open a Wells Fargo account?
When my wife and I went to Wells Fargo to open an account, they said that I only qualified for their second chance account which has too many restrictions. I understand that my credit isn't the best but my wife's is actually worse but she would qualify for a regular checking account. The banker told me that all it said was that it is something on Experian not chexsystems. We don't really need the account because we have accounts (not together) with other major institutions but Wells Fargo would be beneficial for us. But anyway, I'm just wondering if the balance of an old credit card from BOA, whom I still bank with, would effect my chances of getting a normal account with Wells Fargo? I also had stopped banking with BOA at one point because of a stupid dispute and ended up owing them $75. Well that account charged off at the $75 and I'm pretty much sure it was reported to chexsytems but I paid that balance a long time ago and now banking with them again (idk why though??)
Do I have to be 18 years or older to open a bank account?
Hi there! I have worked in the banking industry for the past five years as a Personal Banker, opening checking/savings, mortgages, LOCs, HELOCs, HELOANs, and Investment Products. The financial industry has recently become for stringent about who we are allowed to open accounts for. Pursuant to the PATRIOT Act, enacted by President Bush, no persons under the age of 18 (no minors) may have sole custody of any deposit account until they turn 18 years of age. Banks may work around this by allowing you to have them as "Maintenance Authority Only" meaning you are both signers on the account, but your Parent/Guardian would only be able to request statements, new deposit slips, and copies of canceled checks. Most banks will require you to have your Parent/Guardian sign as Primary for the account, and you would be the Secondary. This has no impact as to who can do what with your account, it just means that a) tax liabilities for any interest earned on the account would be the Primary Account Holder's responsibility, b) any offers, promotions, etc. would be directed to the Primary Account Holder only. Savings accounts work the same way, the only difference is that a Savings Account would not have a debit card (ATM Cards only) and you can only make 3 withdrawal transactions per statement cycle without penalty (Federal Law). Savings Accounts can also be UTMA (Uniform Transfer to Minors Account), UGMA, UUTA/Custodian Accounts meaning that they can be in the name of a minor, but the funds cannot be withdrawn until the minor becomes legal age. Essentially, it is like an IRA (Investment Retirement Account) in which you can't touch the funds until you turn 59 1/2 years of age, only for you, it would only be until you turn 18 years of age. This prevents an adult from removing funds from the account until you turn 18, while they are still required to sign for the account. I might also suggest trying to open the account with a grandparent, relative, or family friend that you know and trust. Banks do not have any regulation on who the Primary signer must be as far as who they are in relation to you, just as long as they are a legal adult with U.S. Citizenship. Your next best bet is to open an account at a Credit Union as their policies are not as firmly regulated by the government. I hope this answers your question without overwhelming you. Feel free to shoot me an e-mail if you have more questions!
Can a bank teller look up account info (deposit/balance) without the depositor's permission?
specific they are in a position to. Its an information available to tellers in case depositors might prefer to inquire qbout them. If what you're asking is that in the event that they are in a position to nonetheless get right of entry to their database approximately your transactions, the respond remains specific specifically whilst you're account had a transaction that day. they are given get right of entry to to this information with the aid of fact: a million. That information is a factor of the information that they use of their time-honored ordinary, alongside with shopper inquiry, deposits and withdrawals, examine clearings, and so on..; 2. they prefer get right of entry to to it on condition that they carry out stability reconciliation on a each and every day foundation after banking hours. In a majority of those situations, the computing device gadget will log actual actual everyone who has get right of entry to the information. in the journey that your concern is that if its legal for them to get right of entry to and seem at your banking transactions, the respond is definite. what's against the regulation, i think, is whilst they misuse this information, like sharing it with those with out your permission or a courtroom order or utilising this information for deepest benefit.
I recently closed my ICICI savings account. Will they have all my transactions records even after I close my account?
No. The transaction details of your account are subject of a confidantiality clause. However some Acts put an obligation on the banks to provide the details in certain special circumstances. However the bank is also obliged to keep you informed about such sharing of confidential information quoting the provisions of the applicble Act. You can then apprach the authirity or court if you feel that the use of such data is detrimental to your interests. The law will then take it to its lawful conclusion.The bank will have your data till expiry of the record retaintion period as per law.
My bank withdrew funds from my checking account to cover my son's bad debt?
My bank account was drafted $578.89 for my son's error. I had opened his account as a co-signer when he was 16 so he could have direct deposits from his paycheck. When my son moved away at 23, I went to the bank in person to remove my name on this account. The bank told me my son would have to go in person to counter sign the paper I left, to remove my obligation. My son never followed through and I had assumed he did take me off. This week my account was debited and put my account in the overdraft. I had no warning of what they were doing and feel this can be corrected if they would assume the wrongful person was this irresponsible adult. I have been a customer for 18 years at this credit union and never had such a red face as I am having now. Is there a law or regulation that protects me from this loss? I appreciate if you can help me in this question.
Can I close my checking account being negative and open a new one?
Uh no you can't close your account when you owe them money....don't worry about closing it they will do that for you if you don't pay them in a specific amount of time which is usually 45 days...if the bank closes your account for you it'll be a charge off and you'll be reported to Chexsystems in which case you won't be able to open an account at any bank for 7 years.....and Chexsystems on behalf of B of A may in addition to being in there system, report you to a collections agency which could ultimately end up on your credit file causing more headache and credit disaster ---- it's a downward spiral --- so my suggestion is if it is not your fault you owe this money...FIGHT IT...if it is PAY THEM even if you have to make arrangements! I have been on both sides the person reporting a customer and the person in Chexsystems and trust me being in Chexsystems is no fun Also if you want more help email me your specific info regarding and I can give you more suggestions on how to handle it...Good Luck Another suggestion I have if your account is still open at B of A hurry and open another one at another bank before they close it --- that way you will not have been reported to Chexsystems when you open the new one but will have another account readily available when they do report you --- but I am by no means recommending you ignore your debt because it will come back to haunt you..................even years later!