Wachovia Cheats, Customers Say

     ATLANTA (CN) – Wachovia Bank defrauds its checking account holders by running up overdraft fees through “a non-chronological, largest-to-smallest system to order the posting of debits to customer accounts,” a class-action complaint claims in Fulton County Court. “Wachovia routinely enforces a policy whereby charges incurred are posted to consumers’ accounts in order of largest to smallest amounts, even when larger charges are received days after smaller charges … in order to increase the number and amount of services fees it may impose upon consumers’ accounts that are consequently overdrawn as a result of this practice,” the complaint states.

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