Don't use Wells Fargo as your bank

Their online banking seems attractive, but it has a fatal flaw.

It doesn't show a running balance with each transaction, just a mythical 'available balance', and a long list of 'pending' transactions. The trouble is, the pending transactions become actual at different times. In particular, any debits become actual before any credits. So, if you have a large pending deposit of, say, your salary, a few small transactions that come through first can take you overdrawn. Wells Fargo will then charge you $33 per transaction for these overdraft transactions. The $33 doesn't pend at all, it just disappears from your account into their profits, along with all the interest they are earning on 'pending' your deposits.

As I said, avoid Wells Fargo banking.

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