I’d always kept over 10K in a savings account with Wachovia, and then they were consumed by WF. Just before Christmas I transferred money back and forth to and from checking a few times, but never actually used it – it went back into savings before the end of the year.

Imagine my shock when in January, while reviewing my accounts on line, there were Three $15.00 fees for ‘excessive activity’. I was completely floored. Not once was a Hells Fargo employee ever troubled to make the transfers.. They were done by ME, sitting at my computer, in the night hours long after the bank had closed. They just Stole $45.00 from me and wouldn’t give it back.

Then I received a letter ‘reminding’ me that if it persisted they reserved the right to either convert my savings account to a non-interest paying checking account, or simply close the account and mail the funds to me.

Again, I was floored. I’ve looked up ‘Regulation D’ on line and can’t find anything to do with excessive transfers, but I might have missed it. Either way they work for ME, or so I thought…

So this week I walked into my local branch, told them how sorry I was for being such trouble to them.. and that I could hardly sleep at night thinking I’d been such a ‘naughty’ customer… and that I didn’t even Deserve to be a customer of WF – so let’s just close my account, and I’d like the funds in cash please.

The look on the officer’s face was priceless, and I know this isn’t the first time it’s happened…. “Is there anything we can do…?” Noooo.. you have been far too gracious, and I really don’t deserve to be able to take advantage of your services any longer..I’m just a rotten customer – I said …”Cash Please”… and walked across the parking lot to my local credit union.

From Regulation D – to Grade F. Justice has been served.

I see the point in the regulation, but was unaware that any such thing existed. Fed does not require the fees, just the limits.

Life is not fair, and we are all trying to get ahead, but I don’t try to hinder you, do why are you trying to hinder me? This statement can apply almost anywhere.

When I telephoned them to question this, they informed me that it was a federal requirement for all financial institutions to do this.

Clearly, the banking institutions haven’t learned a thing from bankrupting themselves and continue to scam us for any and whatever reason they can get away with.

I explained that it was prudent on my part to deposit MY money into a savings account in order to gain a pittance of interest for as long as possible, then transferring sufficient funds to my checking account as and when bills were due. They agreed, but said that was not allowed to happen more than six times per monthly cycle.

I passionately hate financial institutions and all greed that they stand for! Why do we have to put up with this? It’s our money and therefore we should make the rules as to how it should be used.