Monday, March 14, 2011

Wells Fargo Bank confusion turns into $10,000 problem

PETALUMA, Calif. (KGO) -- The common banking practice of making a deposit turned into a $10,000 nightmare for a Bay Area man and his daughter. Their money disappeared.

Myron Hinrich of Petaluma helps support his daughter, Anne, while she studies film-making at USC.

"She's struggling in graduate school; she needed to make a rent payment," Hinrich said.

Anne was low on cash so Hinrich deposited a $10,000 check into Anne's account at Wells Fargo Bank. However, what happened after that came as a complete shock.

"They said the check was fraudulent, they canceled the account and they didn't want to see her again," Hinrich said.

Wells Fargo refused to give Anne the $10,000. Instead, the bank abruptly closed her account and told her to go away. The only explanation? The bank claimed the check was a fraud.

"I didn't know what to think, I didn't' know why they would think it's fraudulent," Hinrich said.

It gets worse. Wells refused to return the money to her father….

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