Complaint Review: Wachovia Bank NA

On 1/26/2009 I went to this branch to cash a check given to me by a business for work I had done. The check was for $50 and I was charged $5 for cashing a check that was drawn on their bank.

I have taken BOA (When it was Fleet Bank), Citizens and Sovereign banks to court in the past for the same exact thing, and won (case is currently under appeal).

The federal court said that it was unconscienceable for a bank to essentially double charge (account maintenance fees to account holders, then fees to cash checks drawn on them) and that if the banks wanted to charge a fee, then the banks need to obtain the proper authorizations from the state(s) that they are doing business in as check cashing stores, and the fact that they did not do that means that they should never charged a fee to the cashing person.

Now here I am in Georgia, and going through the same thing here with Wachovia that I did with BOA, Citizens and Sovereign. I know the banking industry is being hit hard, but there is no reason (after all of the fees charged by these bank to account holders) for them to charge a fee to people cashing business checks ( this includes payroll checks as well).

Keith
Atlanta, Georgia
U.S.A.