Wachovia Charging for Direct Sync Access to MS Money or Quicken
Posted on May 14, 2007
Wachovia is beginning to charge customers $5.95 a month for Direct Sync Access to Microsoft Money and Quicken. When I hear about banks charging fees like this it drives me crazy because it should not be this way, and there are alternatives. 2million - My Journey to Financial Freedom
- Totally free checking
- Incredible over the phone customer service
- Ability to scan checks on their website from my home scanner for immediate deposit.
- If you do not have scanner, they have postage paid envelopes that you can mail deposits in with.
- They send out a couple of Fedex overnight envelopes each year for emergency check deposits.
- Reimburses ATM withdrawal fees up to $15 a month, and they do not charge anything for ATM withdrawals.
- Free Quicken/MS Money support
- Free Web Bill Pay
I understand they have limited membership to people who have served in the military and children of those who have served, but the point of this post is to ensure everyone knows there are alternatives and to research your options. Do not limit your options to your local town. As you can see with the features USAA provides me, there is no reason to walk into a local bank office. I can do everything I need over the phone, online, or through the mail. This saves time by not having to get to the bank during the limited hours they are open. I have applied for a HELOC, restructured my auto insurance, inquired about refinancing my home, and much more all while driving home from work.
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5 Responses to “Wachovia Charging for Direct Sync Access to MS Money or Quicken”
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I would dump that bank in a heartbeat. There are too many other great banks out there to be bothered with such fees.
Dumping a bank can be pain in the ass especially if you have direct deposits and bill pay all coming out of that bank. Having to jump bank to bank all the time just to avoid fees would really suck. I use citibank and have been pretty happy with them. I opened the account to avoid having to switch accounts (this was druing the bank merger craze).
Dong: I agree changing banks pretty much sucks, but there comes a point when its just too much in my opinion. I find credit unions are much more reliable, have lower fees, and just as many benefits as commercial banks. I would recommend a credit union over a commercial bank any time.
[…] and diming” Ramit referred to is the bigger problem for me. I stated in post on Wachovia charging for direct sync access that there are other options as a consumer when your bank goes too far with the “extra” […]
[…] and diming” Ramit referred to is the bigger problem for me. I stated in my post on Wachovia charging for direct sync access that there are other options as a consumer when your bank goes too far with the “extra” […]