Are there enough people here who would like to see Wells Fargo do one decent thing this week? [View all]

[bondwooley]

Last edited Sat Mar 15, 2014, 09:55 AM - Edit history (1)

UPDATE:

Thanks to all of you who sent a tweet to Wells Fargo, the campaign caught the attention of management. Wells Fargo has contacted William, apologized and restored all of his accounts. The struggle for fair banking practices continues, but thank you all for making them face one horror story that they had to resolve.

TEN SECONDS OF YOUR TIME COULD HELP A LOT OF PEOPLE AND ALL YOU HAVE TO DO IS TWEET



It’s easy to just shake your head when you hear about the evil things that banks do, and Wells Fargo has certainly caused a lot of head shaking. Their customers have been misled all the way into foreclosure. Families have been separated because of the bank’s actions. The company has driven some people to suicide. Since 2012, Wells Fargo has paid out nearly $400 million in fines and settlements for their misconduct and ineptitude — about $500,000 a day.

But we’re not here to put the bank out of business. We’re mad as Hell that they’re putting a friend of ours out of business.

HERE’S HOW YOU CAN TAKE 10 SECONDS TO HELP

Just copy this into a Tweet and send it off: I demand that @WellsFargo restore the accounts of #williamhellow immediately (via @bondwooley)

Please tweet that line. And tweet this article to your friends and ask them to. Let’s find out together if it’s true that Tweeting a deaf corporation pricks up their ears.

NOW HERE’S WHY YOU MIGHT WANT TO HELP

Our friend, William, has been banking with Wells Fargo for 10 years. He had his personal and business accounts seized this week by Wells Fargo — retroactively — under the guise of “fraud protection.” And even if Wells Fargo made a mistake, they can’t undo the mistake because of the Patriot Act.

They have left him no access to any form of cash or any way to restore his accounts for at least two weeks.

This doesn’t just affect him. It means he and his employees won’t see a payroll until next month at best. It means that his office subtenants are working in a space that is in default in rent. It means that his business and personal vendors are receiving checks right about now that will bounce. It means his home rent check will bounce. It means he’ll have to pay late fees on his credit cards. His business and personal credit ratings will drop. It means that he and his employees will be living on whatever is in their wallet right now for weeks. All because Wells Fargo has taken his money away “and put it in a secret place for his own protection.”

HOW DID THIS HAPPEN?

This week, William received several emails from Wells Fargo alerting him to a security breach with his online banking account. These emails stated that the breach took place a week prior (mystery #1). The emails had misspellings (mystery #2). Based on these signs of a phishing scam, he called the number provided (which was a real Wells Fargo number), but refused to tell the representative any of his personal information until she could prove that he was really speaking with a Wells Fargo representative – and she would not do so. By refusing to give over the phone his personal details to someone could be a potential phisher, all of his accounts at Wells Fargo were closed. Assets are now in a “secret place” that only Wells Fargo knows about. Calls to the bank and visits to the branch have come back to the same excuse: this is all for his protection because the Wells Fargo fraud protection department noticed that an out-of-state IP address logged into his online account last week.

Now let’s show what we can do!

“Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has.”
~Margaret Mead