Username: Password:
Welcome! Please Sign In or Register

Wells Fargo

reviewed by kmcconnell111

kmcconnell111
06/05/2009

Wells Fargo 1

I tried to set up a WellsTrade Account to roll over my 401K into an IRA. After two weeks of agony and tears I still do not have it set up. I am really disappointed because a really wanted to be able to take advantage of WellsTrade's free ETF trades. But trying to sign up has been so painful i will gladly pay handsomely to vanguard or another outfit to avoid any further pain from Wells Fargo.

Two weeks ago I spent about 3 hours online trying to navigate Wells Fargo's impossibly confusing website and after reading dozens of documents and webpages finally completed application for the WellsTrade account and PMA linked Checking & Savings accounts.

But for Wellstrade that is not enough - had to wait for them to send me a bunch more documents in the mail - which I finally received yesterday- another 2 hours of reading & document signing.

Finally having my account number and password to go online - I can see checking and savings - but no Wellstrade account! After calling Wells Fargo they were able to get my brokerage account on screen...

but it just says "brokerage" - no indication if it is correctly the "wellstrade IRA" type of account I was trying to sign up for. The brokerage screen did have a link to 'retirement planning" so followed that - then it asks me to sign on (which is strange since I was signed on already)- but my logon (which just worked an hour ago) no longer works! The logon screen gave me a number to call with difficulties logging on so I called that number...

After speaking with the Wells Fargo rep for a few minutes we determined that he was in the wrong department to help me with a wellstrade IRA, so transferred me to another department....

After speaking with another Wells Fargo rep for a few minutes she indicated that she had nothing to do with wellstrade IRA and transferred be to another number.....

That number led me to a computerized set of options - none of which had anything to do with my problem - and no option to actually speak with a real person.....

No now I am done. i can't take it anymore. I will now attempt to close the brokerage, savings and checking account I just opened and hope closing the accounts is not as painful as trying to set them up in the first place!

Join to vote! 0 Helpful / 0 Funny / 1 Agree / 0 Disagree
Showing 2 Comments
You must be logged in to comment. login now.
steveweston commented 173 days ago.
I agree.
Wells Fargo has, what my tax account called, "bank lobby investment experts".
I didnt listen. I lost 165 THOUSAND DOLLARS at Wells Fargo.
These "experts" are not really stock people. Just wannabies.
In 2000 I should have invested my 800K in Gold.
In my post here I mentioned that I ve lost a great amount of money. Im now on Social Security. Times are tough and Wells Fargo doesnt give a rats ass about me......or YOU.
Steve W.

joblo82 commented 99 days ago.
I opened a Wellstrade account and it was quite simple. I went to the Wellsfargo site. Went through the application process. They mailed me a couple of documents. Come on...2 hours? Can you read? It took me 15 minutes to read through them, stuff them in an envelope, and return them.

Oh, and just another thought for you. Don't open a self-managed discount brokerage account if you aren't capable of filling out paperwork.
Showing 2 Comments
About This Reviewer
By the Numbers