Last month, someone paid me with a $200 check that was made out to ‘cash’ rather than my name. I went to Wells Fargo to cash it and the teller flipped out. Out scooted FOUR managers to start haranguing me about it, saying they no longer accepted checks made out to cash and how dare I bring one in there. I had to write my name in and sign the back. I could look for a new bank but they are all the same now.
I assume they were afraid they’d get beaten for the check (that it would bounce); they need your info so when it isn’t honored they’ll simply take it from your balance. I dealt with Wells Fargo years ago, and am glad to be rid of them.
Wells Fargo— worst bank ever. Almost a year later, still can’t get help needed to get info so funds can be moved fr France to WF acct here. You can’t talk to anyone who knows intl banking info without a commercial acct. Not my acct, trying to help a guy whose wife died.
I dropped WF years ago and do not miss it.
All credit unions.
There is a branch of one that is in walking distance.
We keep a WF acct but only use it for ATM withdrawals. Decades ago, it started as a First Union National Bank acct, then a Wachovia act, and now a WF acct. It tickles me because it’s a “no cost” acct as long as we maintain a very small minimum amount in the savings side. The no cost part was grandfathered in from the original FUNB acct. We keep this acct because of the wide WF ATM network, and it costs us nothing to use except for the lost investment potential of the very small minimum balance and the few grand that floats in the checking acct for withdrawals. My SS check is deposited in the WF acct. If it gets to be too much, I roll it over to our credit union acct.
99.9% of our actual checking is done thru our state employee credit union...which costs us $1.00/month.
I hate WF...but love sticking it to them.