But, but, but…Grandpa Warren says Wells is the highest quality bank out there.
I said early in my career I’d never work for a bank, sounds like a shitty gig no matter what
Actually, I tried hard to get into a bank but the only sales roles were available for my profile. After meeting lot of personal bankers I decided to ditch this gig because they all were frustrated with sales goals but proud about fake prestige shit that they work at the bank.
So I chose retail because I got a leadership role which I was looking for and then I got to manage $2 m annual sales by overseeing 10+ employees. Great benefits. Sales culture is lot better here than in banks. I don’t need to sell anything which my clientele don’t wanna buy.
ah well played… well played.
Exec in charge at the time is now gone with $125 million reward. What a world.
http://fortune.com/2016/09/12/wells-fargo-cfpb-carrie-tolstedt/
She will probably get those bonus clawed back though.
Did you read the article? No claw back. Instead, she is praised.
oh man. white collar crime pays, been saying it for last 15 years
Really all American financial companies are scams. Paypal, ebay, the banks, etc…all carefully thought thru “business models” (pronounced: scams). It’s just blatant theft from customers. And what controls are in place to stop this? None.
Yep…and this bank was supposedly run by the best CEO in banking.
Not to rant, but quick examples of the scams I’ve encountered in the last couple months:
- I bank Chase, I go to Bank of America cash machine, they charge me $3 on $40, 7.5% fee. WTF?
- I go to Chase to get foreign currency, they don’t have any “go to the special branch”, I go there and they have $500 CAD. That’s all!? Why? Because they don’t make interest on cash. They are a bank and they don’t even have foreign currency. So you have to leave for Canada with only $500 cash, and you get charged foreign transaction fees to get your money out. It’s all been thought out.
- Paypal has my ebay sale money locked up for 22 days…on top of high ebay and paypal commission on my sale, they also make interest on my proceeds. If the buyer scams me, there is no seller protection, they just protect themselves. Who is protecting me from them?
These go on and on, you could write a book. Of course I work in the biz, and know exactly how this works. They have an evil strategist like me, running models all day, thinking of every possible way to f!@# the customer, legally. “Hey, if we run this little trick on the customer, it brings in $5MM per year, let’s do it”. There’s no where you can go to hide, all the “business models” are doing it. That’s America.
^ Nice Rant. Welcome to capitalism.
^ Right. But more specifically, it’s the creation of the legal entity known as the corporation, and programing that entity with “maximize profits at all costs”. The entity takes on a life of it’s own, a run-away scam machine, too large/wealthy to be controlled by the “owners” or even the government.
That’s the big f@#k up. It’s a very extreme late-cycle version of capitalism that isn’t sustainable.
22 days LOL
must not be a power seller
^ unfortunately the other models for modern society don’t do much of a better job. Everything has an expiration date though. The future will probably be like star trek, nobody will need to work and all basic needs will be met. Without having to intelligently allocate scarce resources some form of socialism might become the new order. Who knows, maybe you won’t even need to worry about finding a cash machine.
Stop laughing this is really annoying! I’ve had an account with them for ages. 
you should give them a call and complain, always works for me. 22 is crazy
While I appreciate a good rant as much as the next guy,
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You’re using Bank of America’s asset (cash machine) and you’re not a BoA customer. Why wouldn’t they charge you a fee?
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Who gets foreign cash at a bank anymore? Goes in the same bucket as who uses travelers checks anymore? Just get cash from the ATM when you get where you’re going. Or take US cash, accepted literally nearly anywhere.
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Ok wait. You don’t have patience for people who are 10 milliseconds late to a meeting because they were robbed at gunpoint but you have the patience to deal with Paypal and Ebay, two of the most rant inducing PITA companies on the face of the earth?!
^ Well yeah, as theft becomes common place, the people start making excuses for the robber. “You see, technically it’s understandable because…”. Naw, it’s not okay, not at all.
^ Do you have a response to any of my points? I’m with you on the ebay/paypal hate though.