If you use an ATM in Canada you get charged a big fee to get your money, if you wire you get charged a big fee, if you use credit card you get charged a fee, and you can’t get the CAD before you leave because they strategically don’t have any. I lived it, fees and more fees.
only if you’re using an ATM at a bank you don’t bank at or at a non-bank ATM. most ATMs people refer to are non-bank ATMs. you can thank Cartronics and DirectCash Payments for these obscene fees but those ATMs wouldn’t exist if they didn’t charge the fees. it’s like saying, i can’t believe people charge for food. oh wait, i like food and appreciate the convenience of many places to buy food. screw it, i’m not buying their food, i’ll go out of my way and make my own (i.e. use my own bank’s ATM).
^ I think you missed the point, this is about people who are traveling , I don’t have a Canada bank and my massive US bank has no branches in Canada. This US bank charged a % plus fixed fee, totally over the top…they strategically make no CAD cash available at their “currency branch” in order to herd you in to this trap.
I’m happy with capital one in all aspect. Especially with their credit card, no foreign transaction fee 
If PA was not such a hacksaw he would have a bank that refunds his ATM Fees.
Dude takes the cake. Since I joined this forum, I can’t think of anyone else that claimed to know so much, that really knows so little. Most of us know enough to know how little we know. He hasn’t gotten that far. I need to learn how to skip his posts, but then the continuity of a thread can be jumbled. Maybe a “don’t engage” movement should be started…
Sometimes I think he is the most out of touch person on the planet, others I think he is just a really top notch troll. Its so hard to ignore his posts but it is a skill I am working on (tough to master) and since I stopped engaging as much my enjoyment on AF has increased about 40%
Wow, you and I have something in common after all. Actually, not the first time. Your ignore skill sounds to be further developed than mine though. I’ll try to catch up…
Is it just me or does anyone else think the fine is grossly out of proportion to the actual damages? Multiple news reports have stated that Wells has made an agreement with the CFPB to completely refund affected customers, with the calculated damages less than $5 million in total, which worked out to something like $25 per person (note that not all of the millions of fraudulently created accounts actually inflicted fees on customers). When was the last civil court penalty you remember hearing about where juries awarded punitive damages 37x the level of compensatory damages ($185mm / $5mm), without those punitive damages eventually being severely reduced or thrown out (like this one: http://www.thenationaltriallawyers.org/2015/03/23b-engle-verdict/)? While clearly there must be some kind of financial disincentive for this type of behaviour, it seems pretty arbitrary and excessive, with not much recourse. I suppose Wells just figured it was better to bite the bullet and hope the bad press blows over quickly rather than waste a lot of time in court.
his ignore skill improvements were time stamped too. he’s not lying. look it up!
Here the weirdos go again, making up extreme views, that don’t match reality in any way. What’s with that exactly?
_ Wells Fargo & Co. was sued by customers in what may be the first of many lawsuits to come after disclosures that employees created unauthorized accounts to boost the bank’s fees. _
Okay, but the numbers being tossed around are WAY too low, they only paid $185M to regulators. We need to be talking about tens of billions.
Fire the risk guy, that’s always smart. What’s about John Stumpf, when does that guy get fired I wonder?
Claudia Russ Anderson began a six-month unpaid leave on Monday, becoming at least the second senior Wells Fargo executive to depart the community banking division since July. Anderson, 58, was head of risk for the unit, which houses the retail business, and was succeeded in August by Vic Albrecht, 57, Richele Messick, a bank spokeswoman, said in a phone interview.
Shocking the guy who orchestrated it, would say it was not orchestrated…
In prepared remarks before the Senate Banking Committee, Stumpf said the scandal was not an “orchestrated effort” and that the company never wanted employees to open accounts that they did not need or want.
looks like they knew since 2013 - im fine with 20 years in jail
Yeah, Stumpf is making up a bunch of excuses to senate banking committee. Lots of “I don’t know”, and “well, that’s my not job”, etc. I’m not buying any of that weasel’s excuses. What happened to going down with the ship?
I really like Elizabeth Warren, “gutless leadership”.
Definitely stinks from the top, almost always the case.
Is anything punitive expected as a result of the hearing besides a slap on the wrist? WFC upgraded to buy/overweight…
Doubt it, I assume this is a lecture in front of the public to appease the exploited masses…then back to maximizing profits at all costs.