%$%$%$%$%$%$%$s. I had my IRA with AG Edwards for years, they got bought out then that company got bought out by Wells Fargo. All of a sudden we got fees up the ass. Yearly fee, brokerage fees, all kinds of stuff.

They took and sold 2 of my wife's stocks to satisfy the yearly fee this year. They had no permission, they never sent a bill. They just took and sold them.

I opened up all new accounts at Etrade several weeks ago. I got statements back from the WF account today, the %$%$%$%$ers had the balls to charge me $95 per account to close the accounts. Again they just took it out of the free cash in the accounts. No invoice no nothing they just took it.

BEWARE WELLS FARGO. This is not the first time I've had run ins with them. I had financed a dining room set years ago through them and had problems with them back then too. If you currently do business with them I'd highly recommend go elsewhere. Even my broker told me the same thing before I closed the account!!!

Never again :smash:

they also have a major portion on the foreclosed properties in the country .

Is that cuz they gave out more shaky loans ??? or don,t want to deal with short sales .

Yet I know someone personally .. that they gave a loan modification to & let 8 months behind in payments slide .

IMO ..as far as lending & dealing with / the worse one is BOA . their ads state they are giving home mortgages . yet every single time we get within a week of the closing date . They start asking for documents that should have been requested within the 1st 2 weeks of the loan process. or start adding on B/S conditions hoping that the buyer can,t fill the request ;;:devil2:

loud and clear

Wells Fargo is like a dead skunk in the middle of the road

something you'd only dare touch with a ten foot pole....

and that's just to bury it.

i hate them

I should mention that when they TOOK and SOLD my wife's two stocks that they also charged her a $21 brokerage fee to do this too so the fee cost $80!

The fact that they charged me $95 to give me my money back just friggin blows me away.

I should mention that when they TOOK and SOLD my wife's two stocks that they also charged her a $21 brokerage fee to do this too so the fee cost $80!

The fact that they charged me $95 to give me my money back just friggin blows me away.

I would of only charged you $50 to give you your money back Scott.:rotf2:

$45 will buy alot of lube

Maybe you could find a way to up-charge for plugs that rise in popularity after they are sold? You know, like when the sand eels come in - send another bill, but no lures.
WTF! He's charging me again for lures I already bought!

Salty - call them and fight it. Most times its all automated and the system just wacks you for the fee. If you never explicity had an agreement directly with them, but through previous providers, they may waive the fee. Its worth a call.

what i'd MUCH prefer to do is take a pound of flesh....file a small claim against them and they will HAVE to send a lawyer which will cost them thousands...

And too much of my friggin time. :smash:

I'd try calling them first.
If you don't get the answer you want, you could "hint" that you will be closing your account(s) and moving the funds elsewhere, and will be filing a complaint of unfair business practice with the BBB and the AG. Keep in mind, they may have a smappy retort, but you have every right to complain when a financial institution starts double-dipping with multiple fees for a single transaction. More so when THEY initiate the transaction to pay for THEIR mickey-mouse fees!:fury::wall::realmad::cens:

Accounts already closed. That's why they charged me $95 x 3

I just called. Yea that got me far. "OH WE CHARGED YOU THE FEE TO TRANSFER THE FUNDS TO SOMEONE ELSE"

eff u

Did you sing them a few bars from the 4-letter word song?
My parting words would be something along the lines of:
"I hope you like bad press, because I happen to be a member of a really influential community website (is that safe to assume?) and I will WARN all other members to pass along my warning to others to avoid your company like the plague!"

Don't know if that will have any impact, but it will definitely make YOU feel better.

Or better yet, send them a bill for the cost of the fees, and claim it is for "Mismanagement of your investments"
They call it a "compensation for a loss to the fund" when you cause them to lose money, so why shouldn't you be able to reciprocate?

They have Ivy League lawyers on staff, many of them.....
That's what they mean when they say somebody who was editor of Harvard Law Review could easily have gone to Wall St and wrote their own ticket. If they survived the banking meltdown, they'll probably survive bad press on a message board.

These companies that play gotcha with your money, investment houses , cable companies, credid card companies what ever. If they're stealing from you, fire them. It's as simple as that. If enough people stop dealing with them, they will go away. Which BTW is why I opposed bailing the banks. But that is another tale of American woe that I don't care to discuss any further.

Once you enter into a fiduciary relationship, they become the stewards of your money. They can lose it all and you have very little recourse. Essentially, once you decide to trust them, the money is theirs until you exit the relationship.