Wachovia Bank - Wachovia running an FDIC scam
I received my Wachovia business banking statement and discovered that they are charging me fees for increased FDIC insurance.When you question it, they insist that the government is mandating that they charge it, until you push - then they admit they are just trying to make back the money that they are having to pay for the increased FDIC coverage.
They won't put in writing how much it is, or how they are actually calculating it . The "team leader" i spoke with didn't actually seem sure how it was figured at all, and quoted me different costs from those on the "notice" (back of a statement).
What a ripoff - even B of A isn't trying to slide in this type of charge.What losers - they should have gone under.