Comment on Wells Fargo Customer Learns $6,700 Lesson: Stop-Payments Don’t Guarantee A Payment Will Be Stopped

Wells Fargo Customer Learns $6,700 Lesson: Stop-Payments Don’t Guarantee A Payment Will Be Stopped

(Hammerin Man)We’ve told you before about the idiotic loophole in some banks’ stop-payment policies that can allow a supposedly blocked check from being cashed after six months, but here’s a story about a Wells Fargo customer who got written confirmation from Wells Fargo that it had stopped payment on a check that had already been processed. Our colleague Karin Price Mueller has the story in her latest Bamboozled column for the Newark Star-Ledger. It all began in early 2013, when the Wells customer made a costly mistake.

 

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