So, I've been with Wells Fargo for years — got a CashWise card in 2017, which turned into an Active Cash Card. I also had an Autograph Card that I was leaning on after the nerfing of Vantage West for 3% on gas and 3% on fast food. I also have a checking account there, and my kid got one when he was < 18.
Then, Chase offered me a balance transfer at 0% for a year, so I thought "Why not?" I arranged to have the balance transfer go directly onto my Autograph Card, which had a balance of $885.26. I got the notification that a payment had posted, and I called in to have the credit balance send to my checking account.
"No way," I was told. Balances that exceed $2,500 cannot be deposited into your checking account. We'll send you a check (7-14 business days) and then you can bring it in to deposit it again. Needless to say, that didn't work for me. So, I asked the person to transfer the payment from the Autograph Card to the Active Cash Card on which I owed $2,605.26, giving me a $7,394.74 credit (The $10,000 plus a $50.00 cash back redemption).
That's when the trouble started.
I swung through a Jack in the Box (I use the Upside App) and went to pay with the Autograph Card, but it was declined. I used a backup card and then noticed the email from Wells Fargo saying that a charge was attempted to be made, but it was going to put my account over the limit!! I owed $885.26 and my credit limit is $3600 so obviously no — but here's where their logic comes in. They wanted to "verify the funds" (which came in ACH from Chase) and put a hold on the amount of the credit through 11/7/2024. Then, when the $10,000 was transferred to another account, that made my available credit on that card -$6,xxx.xx and so the card became unusable!!
Still no luck in getting the money transferred from the credit card to my bank account, but I wasn't worried because the Active Cash card also functions as overdraft protection for my checking account. So, I just paid a few bills like normal and thought nothing of it. I figured the amount would pay down over time and, once it was under $2500, I would simply transfer it to my checking account and life would go on as usual.
But no. I got an email at 4 in the morning saying my checking account was overdrawn. How in the hell? And they returned one of the payments. So, I called in, and I was told that no more money could be transferred off of that card because I had hit (get this) my cash advance limit!! You see, sir ... even though the card actually has a credit balance, your cash advance limit is $1500 so we can only use $1500 to cover overdrafts on your checking account.
So, I went into the branch but no help there.
Closed the Active Cash Card. They'll send me the money however.
Closed the Autograph Card.
Grabbed enough money from my kid's account to cover the overdraft.
Arranged a transfer from another account in the amount of $3,000.
Opened an account with BMO Checking. I think they have some sort of a promotion going on.
Planning on winding everything down with Wells Fargo by the end of the month.
Frustrated.
too complicated. Although I'm not a fan of Wells Fargo, your trying to do too much, too soon. Let the transactions clear before proceeding.
Yes, on the checking account SUB's (just did BMO). I churn them constantly, far more lucrative than CC's. I stick it to Wells Fargo once every year +.
Citi:
US Bank:
Chase:
Aven:
RH:
It's easy. You simply log into the balance transfer site (in this case Chase) and put in the CC# — it tells you that it can do the transfer (or asks for more information such as the address) then it does the balance transfer. The money arrives in 1-2 business days, and, in the past, I've never had any problem having that money moved into my checking account. Of course, I've never tried $10k before.
And I needed the money by 11/4/2024 to put into Kalshi to bet on certain events that occurred on 11/5/2024 the nature of which cannot be discussed on MyFico.
WF is a "Weirdo Financial" institute 
. Before proceeding to any payment, make sure that the prior check or ACH is cleared. Sometimes, they place a hold of 2 weeks on e.g. deposited checks.
I experienced such a long delay with my WF checking account and I closed it, as soon as I got the SUB.
Fico8: EX~EQ~TU~840 (12 month goal~850).
Banked with them in the 90s business & personal, no CCs, was constant errors on their end, went to a regional bank and cut off wells. After hearingabout their scandal opening accounts customers never asked for I said never use again but a card they had in 18 amused me so I apped for it, gave me decline, too many new accts in 24 was at 5 new, vowed then never again even though they have some attractive offers.... nope no way no how....
