Free Student Checking
from Wachovia Bank

I have been with Wachovia ever since I got my first checking account. However, I am about ready to close my free student checking account. I am a young adult struggling to pay rent while working through school, and on several occasions I have paid Wachovia hundreds of dollars in "miscellaneous" fees. The good thing about the account is taht there is no minimum balance; the bad thing is that the…y do everything in their power to make sure you overdraft. I would not recommend the free student checking account to anyone who did not have very, very stable income (ironically, usually not students.) On the bright side, the Wachovia staff are always very helpful and friendly, and sometimes they are willing to refund their ridiculous fees.
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They make it sound so simple and easy. However watch out for the overdraft fees. I got so screwed with this that I ended up losing $400 in one day. Once you overdraft, for any purchase after that, they bill you a $35 fee. They make no effort to notify you that you are in overdraft so you may go for days making purchases which could add up to hundreds of dollars in fees. It's sly, sneaky, and co…mpletely against what a student account should be.
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