(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.
Wells Fargo Customer Learns $6,700 Lesson: Stop-payments Don’t Guarantee A Payment Will Be Stopped
Chris Morran, The Consumerist
Wed, 07/30/2014 - 4:55am
Topics: hammerin man)we ve karin price mueller star-ledger numerous last november wells ceo john stumpf please office comptroller currency while there if wells fargo wells bamboozled guarantee payment stopped check letter bank processed request confirmation cashed banks told handle accepted processing reads months received account story lawyer decision rep process resulted issues fee didn nuances response
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