It’s way past my bedtime and after a very busy weekend tending to my mother, just home from the hospital, I ran out of gas when it came to doing a post for today.
However, I’m still up and wired since I got off the phone with Wells Fargo Bank.
It all started when my mother and I set up a joint checking account, a sort of “just in case” account so I could pay bills, shop, etc. if she couldn’t get out on her own.
First paper statement comes, no problem.
I go online tonight to check this little account, as well as another account that is for an A-B trust we have. WELL……………I see that when I sign in to the checking account, there’s the info from the A-B Trust. Then I try my mother’s separate account and the little joint checking account is there, too. Well, that’s OK, but what’s freaky is that I don’t have the totals for each account separately. I get the info on the A-B trust, HER account (a living trust), each combined with the the info from the joint checking account (money which is outside the trusts) into one total.
In other words, each trust account doesn’t have its total separate…the totals both include the joint checking account. Not good!
So I call Wells Fargo. Around and around we go on the phone…it all has to do with Social Security numbers and since I’m a trustee of the A-B trust, well, that little checking account is joined to that. Same thing with my mother, whose SS on the joint checking account screws up her trust and the A-B trust. And I get linked to my mother’s trust, too! We’re all thrown in together. And I’m finally told that the checking account can be de-linked, but if I do that, I won’t be able to see the trust account I need to access online. WTF??? I’m supposed to straighten it out at the branch, but they are the ones who set it up to begin with…
I can sign onto an account at Schwab and find two accounts there, mine and a trust…but when I click on the one, I get that ONE account, not the money mixed together! At TDAmeritrade, I have a separate sign-in each for my account and the trust. NOTHING gets co-mingled there, either.
But not at Wells Fargo. The last question the guy on the phone asked me was, “Why would you not want them linked?” “Shit,” I thought… but said:
“Well, it’s useless to sign on to get a total on an account and instead get a number that combines another account in with it!! “
I finished with a flourish, telling the guy that now I understood how Wells Fargo could make a dumb deal and buy Wachovia and their mortgage mess. The same jackasses who did that deal created this nightmare with accounts being glombed together.
Now, they MAY be able to fix all this, but we’ve decided to close the little checking account and take it elsewhere if we can find a place that won’t freak over two accounts and combine them! I mean, a trust is treated as a separate individual and money outside of the trust, stays out of it!
I know this sounds boring but these people are taking our tax money to get “bailed out” and they can’t even set up a bunch of accounts correctly and according to the damned IRS rules.
I won’t bore you with this any longer. To reward you for your patience, I’m posting a few pictures. The banks are closed since it’s President’s Day so I can’t do anything to straighten out this mess…so I’ll enjoy the pictures and hope you do, too.
Tico squeaks toys when he wants to eat! This is his favorite…
Awhile back, someone requested more pictures of sunsets, but I thought I’d go with a SUNRISE picture instead…
Well, hope you enjoy your day today!
And my condolences to Lincoln and Washington who now have to share one lousy day. Washington who??
Filed under: Current Politics, Life | Tagged: A-B trust, Abraham Lincoln, bailout, Charles Schwab, dogs, George Washington, IRS, living trust, mortgage crisis, President's Day, sunrise, TARP, TD Ameritrade, trusts, Wachovia Bank, Wells Fargo Bank | 19 Comments »