Bank of America charged my 17 year old son $6 per paycheck to cash them. One of his checks was only for $28. I sent him there since the company he works for banks there. It may not be criminal behavior, but it is certainly highly unethical to charge over 20% to cash a check.
Wells Fargo allowed my sister to take money out of my mother’s account without any authorization or permission. They call it ACH withdrawal (she did it all on her laptop from my mother’s account into hers)…..we called it theft! My mother never wanted online accounts, she felt it would be too easy for someone to siphon money from her accounts……seems she wasn’t far off, doesn’t it???? My sister set up my mother’s account to be online. Had I not taken the money from that bank, she would have taken more because she had gone back for more. Wells Fargo also allowed my mother with Alzheimer’s to co-sign on a student loan for my sisters daughter. She had no fricken idea what she was doing. She was almost 80 and it was a 15 year loan once she finished college, so mother would’ve had to live to be over 100 just to make sure the loan was paid. It takes anywhere from 30 seconds to 60 seconds to realize that she has brain issues.
Both of these banks will be the first to hit bottom on the next round of bank closures. I would not invest one cent in either one of their stocks, or ever have an account with them. They are both despicable no matter how you slice it!!!!! Does the government own them too?????? Does anyone know????
Find a locally owned conservative bank that has a great rating!!!! That is the best advice I can give.