If You Bank With Wells Fargo

[chknwing]

If you bank with Wells Fargo you may or may not know this but I found out the hard way.  Apparently Wells Fargo has what they are calling a security measure that limits what you can spend in one day using you check/debit card.  I'm not talking a withdrawal from the ATM, I'm talking just card swipes or online purchases.  Their default limit is $1500 total in transactions daily.  This is important to know because one day you may need to make a purchase greater than that, pay to have your car fixed, pay a medical bill etc.  It can be embarrassing if your at he store and your poo keeps getting declined when you have plenty of money in the bank.  You can call wells fargo to have them increase it to $5000 and if you need more than that they have to have some one higher up overide it.  Its all a bunch of BS.  This should be a security measure you should be able to opt in or out of.  I don't need someone telling me how much of my own fuging money I can spend in one day.

[Anybodyhome]

4 hours ago, chknwing said:

If you bank with Wells Fargo you may or may not know this but I found out the hard way.  Apparently Wells Fargo has what they are calling a security measure that limits what you can spend in one day using you check/debit card.  I'm not talking a withdrawal from the ATM, I'm talking just card swipes or online purchases.  Their default limit is $1500 total in transactions daily.  This is important to know because one day you may need to make a purchase greater than that, pay to have your car fixed, pay a medical bill etc.  It can be embarrassing if your at he store and your poo keeps getting declined when you have plenty of money in the bank.  You can call wells fargo to have them increase it to $5000 and if you need more than that they have to have some one higher up overide it.  Its all a bunch of BS.  This should be a security measure you should be able to opt in or out of.  I don't need someone telling me how much of my own fuging money I can spend in one day.

But if someone got access to your account and started spending like a thief, I'm sure you might appreciate such a feature. 

I always notify my bank when I'm headed out of the country so they know to allow overseas transactions and I usually call them if I need to make a larger purchase using my card. 

[logic1977]

This is a fairly common process. I've had at least three banks ice used have a similar restriction. 

[Jangler]

$1,500 you say?

I'm good.

[Jase]

yeah, like every bank does that

my bank halts debit purchases over $500 unless you call them

[Doc Holiday]

I've known about this measure since I've started banking with them, but then again I can count on 1 hand how often I've paid out more than $1500 in one day.

[KSpan]

This is not uncommon at all, though the amounts can vary from bank to bank.

[pstall]

Hmm. This seems odd though.  I think i saw a blurb from Cap 1. I have an uneasy feeling if banks are tighten up.

Maybe they just want more funds in the overnight money market. Hmm.

[Toolbox]

I was with first union way back in '99 until they became wells fargo and they treated me like I didn't matter when I requested they waive a deposit fee because I didn't make enough to not trigger a $10 fee.. so I sayonara'd outta there to a local credit union and been happy since.

[Ja Rhule]

That's why I use credit card... Both credit card company and I have zero liability.... No surprises.

[SmokinwithWilly]

I actually reduced mine to $300. I know how much I generally spend on average, and anything over that amount is going to be a large purchase so I know to call ahead of time to up my limit for the day. With access to credit card info so easy to obtain, keeping a tight reign on your spending limit is not a bad thing. 

[pstall]

I think it's part  of capital requirements so that's going to make things funky.

[thefuzz]

Happened to me the other day, took forever to get it raised, but they finally did it.

BTW I don't bank with WF.

[pstall]

Banks seem to be reacting strong to capital requirements and goofy dept of labor junk.