Banks are great at taking your money and then also great at not giving you access to get your money. Wells Fargo is perhaps the best at this. For instance, when you want to transfer money out of your Wells Fargo account to another bank account and initiate it online at Wells Fargo, they will charge you for it. They will also make you verify the outside bank account first which can take a few days. However, if you want to transfer money into Wells Fargo though, there is no charge and the account links immediately.

Also, I have a Wells Fargo HSA account that will only let me withdraw funds online via transfer to a Wells Fargo checking account only. If I want the HSA funds to go to a non-Wells Fargo account, I have to request a distribution, submit an invoice and wait on a check.

Needless to say, I hate Wells Fargo and actually most banks. The best experiences I've had are with smaller banks where you can actually talk to someone who can do something when you run into an issue or a big bank like Fidelity where their mobile applications and online services are first rate which makes it easy to do business.

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Posted by The Spleen

Member since Dec 2010

38865 posts

Posted on 5/2/16 at 2:02 pm to Serraneaux

My employer uses Regions, while I use a different bank. There's not really a branch for my bank close to my office, and every now and then I'll get a small reimbursement check. I took one to the Regions across the street, the one my employer uses, to cash a $10 reimbursement check. They were going to charge me to cash a check drawn on their account. I forget how much the fee was, something like 2% or $25, whichever was lower. It was the most insane thing I'd ever heard. My employer even called the branch manager when I told him about it, and the branch manager was powerless over it.

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