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Wells Fargo Customer Review

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evereraderinSC's Profile Image

1 out of 5 marks

Reviewed by evereraderinSC

Jun 27th 2012

This bank arbitrarily placed my money for a home mortgage payment in an "escrow" account without directly informing me

I am not sure if I qualify to comment here as Well Fargo is my home mortgage provider, but in any case they keep encouraging me to open a bank account with them, so here goes. I made a mortgage payment of 500 dollars one week in person by check at their Cherry Road branch. The next week I made the remaining payment for the mortgage in their Main St. Rock Hill Branch. This was $655 total 55 for a late penalty fee. Over the next few weeks I still received notices that I was two months behind & that foreclosure could happen. I called their number numerous times & when I finally got through was told that money was in an "escrow" account for "taxes." This acct. now has 1600 dollars in it. Taxes on my house, due months from now are several hundred dollars if that. Anyway, I was then informed that the money "may or may not" be able to be retrieved and applied back to my mortgage payment. I have been on the phone for two days demanding that my money be placed where I had the teller place it & I have the receipt to prove it should go toward the mortgage payment. At the main branch, managers when you deal with them, simply must go through the same hassle with voice messaging & are basically powerless to help you. I work very hard for my money as I am self-employed. I do not like the arbitrary attitude of this "bank," nor the fact that what happened to my money was told to me rather grudgingly and after much time wasted. Working for myself, this is more time and money wasted & for what? I would never open an account with WF for all the money in the world.

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Other Wells Fargo Reviews

kattmom5aolcom's Profile Image

Reviewed by kattmom5aolcom

Jul 20th 2014

5 out of 5 marks

Super pleased

I have to say that my husband and I could not be MORE PLEASED with the handling of our retirement funds! We put my 401K and my husband's limited savings--both of which had lost money during the recession and were not gaining much back, in the hands of the Wells Fargo representative Mr Joseph Kirby here in Jacksonville. He has grown our money unbelievably well, and has FAR EXCEEDED our hopes. We never thought to say it, but "Here we come, travels and cruises!" The Lyles

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mhyatt7's Profile Image

Reviewed by mhyatt7

Jul 22nd 2014

1 out of 5 marks

Worst major bank in the US

I have had the misfortune to have to deal with Wells Fargo in New York City. Upon the passing of my parents, who held considerable assets in a local branch of the bank in New England, I became executor of their estates, and I needed to conduct business locally in Manhattan. Unlike their local banker in New England, who exhibited intelligence, competence, and compassion, Manhattan Wells Fargo bankers have been uniformly rude, uncaring, disrespectful of my time, and ill-informed about a wide range of financial matters. It is little wonder that I reduced those Wells Fargo accounts to next to nothing. There are many commercial banks in New York City. Choosing Wells Fargo means you adopt their icon, a stagecoach and horses. That symbol worked well in the late 19th century. Unfortunately, the bank's service is still mired in the past. Go elsewhere.

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