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Finance & Investing

Let's talk finance. Only the serious need apply. Grab a cup of coffee and join the discussions on various finance related topics including banks, financial services, mutual funds, credit cards, and more. Specifically, you will find in this section things like credit card reviews, stock tips, financial services reviews, and investment services reviews.

Recent Happenings

1 hour ago

Review Icon esvess reviewed TCF Bank in Banks:
I also would not even give TCF bank a 1 star rating let alone anything higher. By far this has been the worst bank I have had to the displeasure to deal with.

I found out that even though they get my payroll deposit on Thursday and post it at 12;01 am on Friday morning, it is "technically" on HOLD until 12:01 am Saturday morning. This is just not right. I am going to go to my local credit union as they do not hold payroll deposits for any lenght of time. This is just another way that TCF uses to STEAL money from their customers through NSF fees. So far this month of November, because I was not advised of this HOld policy when I opened my account, they have charged me over 500 in NSF fees.

Do yourself a favor DO NOT OPEN an account with TCF Bank.
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2 days ago

First the good - great deal on IRA brokerage IF you are a PMA customer, no problems with Mortgage loan servicing, scan (envelope-less) ATMs are great, modern online banking. However...

They have no clue as to how to run a business. My wife, with great credit, just got bumped from 11.9% to 23% on her credit card, which she has carried a $3000-4000 variable balance as part of her business. Makes some sense at 11.9%, no deal at 23%. Called them and offered to continue to carry a balance at 12%, they get no interest at 23. They chose to make no money, we chose to stop paying interest by paying the thing off. Sorry CA, no sales tax on a jacuzzi this year! So not only did WF rip off themselves, they also ripped off the state of CA, and saved me a ton of $ on water and electricity - hey maybe I should thank them for being stupid?
votes 1 Helpful / 1 Funny / 0 Agree / 0 Disagree

2 days ago

Review Icon SLaFl reviewed Wells Fargo in Banks:
What is the Expiration Date on Human Decency?


My husband and I just welcomed our sweet little boy into the world. His coming was not an easy one. He was born blue and needed resuscitation after almost 36 hours of labor that ended in an emergency C-section. Four minutes later he took his first breath.

The next two weeks in NICU were not easy. There was significant trauma to the head and he experienced sometimes up to 24 seizures per day. There were times he stopped breathing completely and had to be resuscitated.

My husband and I were told that the home we were in the process of remodeling would have to be completed before the doctors would allow him to come home. My sweet parents, living forty-five minutes away, opened their doors to my son and me until the project was completed. My husband, family members, and neighbors rallied together in a herculean effort that touched me deeply.

Employers were extremely supportive and let my husband have more than a month off work. He would wake up at eight and work nonstop until midnight every day, sacrificing spending the first six weeks of his new son’s life with his new family.

My husband’s stress was compounded by the financial strain of finishing our home so his family could come home. As a result, things slipped through the cracks on occasion, no matter how hard he juggled. During this time we accrued over $1200 in overdraft fees from Wells Fargo Bank, all of which we made good on within a week.

In the past Wells Fargo had always been fair to us. We had no qualms with them. We thought the overdraft fee of $35 a bit steep but took our losses as they came. Many times they did forgive us our fees and we were grateful. We believed in human decency because they forgave us our mistakes. Not always, but enough that we still believed. Apparently, there is an expiration date on decency.

Not one of the $1200 in fees was forgiven during our family ordeal. We were instructed to call employees higher up the employment chain to see what could be done, if anything. To our shock and surprise, our requests were not only denied, but we were treated with disdain and scorn.

How sad to learn, amongst all the wonderful people who rallied for our son, and us, that the almighty dollar won out to the great Wells Fargo Bank. Enjoy your $1200; I hope the 5-course dinner you went to last night was worth
votes 1 Helpful / 0 Funny / 0 Agree / 0 Disagree

3 days ago

Review Icon cesaratsu reviewed Capital One in Banks:
the worse bank ever, they don't know anything, very rude .the worse customer service and their policies really sucks, people be very careful if you are going to choose this horrible company.
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4 days ago

RE Fidelity Investments, DO NOT INVEST!! Shop the fund families elsewhere!!
I can say this about ALL so called "mutual fund" companies, most of which treat investors like dirt, but Fidelity is a "set and forget" company-- I have (soon NOT to have) more than $200K in their so called "funds" but ALL are mediocre to poor performers. In fact, most did not perform at all in their investment class and lost money big time. The "managers" did nothing to protect their funds in the free fall the market took for the last two years. They just let the fund values DUMP.
So how do they earn their huge bonuses? Sounds like political BS to me.
DO NOT EXPECT HELP WITH THIS ABYSMAL COMPANY. They spend huge amounts of money on mailings of literature but when you call them it's like trying to pull teeth-- they mail out about new investments the staff knows next to nothing about and can't answer simple questions about.

You can't track YOUR investments on line, you can only pull up the funds and check their performance in general, maybe because if you use Morningstar.com, you might actually see how bad their "funds" SUCK compared to the market in general.

Customer No Service Example: I called Fidelity three days before the April 15th date hoping to contribute non-IRA funds to an IRA, and I couldn't do it, they said they needed more time and had a basket full of BS excuses. So I couldn't even move MY non-IRA Fidelity fund money into an IRA, even one with Fidelity-- but I was able to do so elsewhere in another fund family, and it only took about an hour to do it!!
NEVER have I been contacted other than their continual shower of mailings. U have stayed with them way too long but can't afford to stay in this mediocre/poor fund family.
I needed help managing my funds and got NOTHING from Fidelity. I hate these f--n people.


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