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Dantilla 12-06-2014 01:59 PM
Quote:
Originally Posted by KC911 (Post 8384262)
...it's just they are so big with large corporate accounts that our peon accounts just don't matter to them,...
Try getting a large, commercial loan- It's impossible to talk to a decision-maker.
Everything has to go through "The Committee", and takes weeks.

Two of my experiences financing commercial property:

Example A, big bank-

We submited a proposal. A three-ring binder of financials, with table of contents and several tabs. After a few weeks we were told that yes, they would allow us to have an application, and we could begin the actual application process.


Example B, small, local bank-

We were brought back to the president's office, where we chatted socially for a few minutes. After looking through my proposal for a couple minutes, the president offered great terms, and said if we liked them, he would have his staff draw up the docs that day, and we could sign tomorrow.

Hmmmm.... What to do, what to do.....

red-beard 12-06-2014 02:45 PM
Quote:
Originally Posted by BeyGon (Post 8383756)
I will jump in and kick them a bit,
I was in a bank in Cost Rica, my friend got a cashier's check from his account for me for $20k American. I deposited it in the WF back in San Juan Cap. A couple months later I started getting notices on insufficient funds, I went into the bank and they said the check was no good. I told them I was in the bank, watched the transaction, knew the guy, what was the problem. It turned out they sent the check to ,,,,,San Jose, California to some bank. We got it straightened out I thought, they wrote letters to people admitting their mistake, but, a month or so later it happened again. It was re routed to San Jose California again. They wrote more letters, finally took care of it with the Bank in Costa Rica and I canceled my accounts. I doubt they care or cared then. Still not a fan of cashiers checks.
Why didn't you do a wire transfer?

BeyGon 12-06-2014 04:36 PM
Quote:
Originally Posted by red-beard (Post 8384901)
Why didn't you do a wire transfer?
Just didn't realize it would be a problem, I knew the guy, I was there watching him take the money out and get a cashiers check. I was flying home and really didn't think there was any problem. The bank was in San Jose Costa Rica and the dim bulbs at Wells Fargo kept sending it to San Jose California.

red-beard 12-06-2014 05:10 PM
Actually, I think the Federal Reserve system clears the checks.

Bugsinrugs 12-07-2014 12:06 AM
During the bank meltdowns the mortgage on my apartment building was taken over by Wells Fargo. They introduced themselves by sending a letter stating as the new morgage holder they were requiring us to remove some trees, move Fire extinguishers and get flood insurance. Those of you that are familiar with flood insurance know it isn't cheap. I told them to stick it up their a.. Went out and paid off the loan. Fortunately I had enough cash.Soon after I got a letter from them saying if we ever needed any loans in the future to call them. Yea right.

widgeon13 12-07-2014 03:36 AM
WF bought our bank when we lived in CT. Closing the account was a nightmare experience, too long ago to remember the details but it was a PITA.

While I do have some WF stock they are a miserable bank from my perspective.

KFC911 12-07-2014 10:32 AM
Quote:
Originally Posted by widgeon13 (Post 8385301)
....While I do have some WF stock they are a miserable bank from my perspective.
Hope they stick around....they owe me a pension on down the line, but what a big ol' stinkin' pile of poo they are imo. Same with BofA....a huge steaming pile of poo, but I don't mind making $ off of the suckers that use 'em either :cool:


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