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by zaidf 1638 days ago
In my early 20s, I deposited a 5 figure check from a client for a contract gig. The bank cleared it. Then it turned out the client had a record of writing fraudulent checks.

Common sense would dictate I was a victim of fraud. But my bank (Wells Fargo) decided to close my lone bank account of 5 years for "suspicious activity."

4 comments

“A banker lends you an umbrella when the sun is shining and wants it back when it rains”

https://www.barrypopik.com/index.php/new_york_city/entry/a_b...

They'll fraudulently open accounts for you too, so it all balances out.
Wells Fargo has treated my very well as a client for the past 11 years... After I sued them... lol.
They treat their clients so well that, out of fear of you not being able to access online banking, their passwords aren't case sensitive. Why yes, that does mean that they are storing passwords in plaintext, but it's just so they can make their clients lives easier.
Not necessarily. They could be performing a “lower case” function on all passwords before hashing them.
I should probably say my experience was with a credit union ;)