Two years ago Wachovia promoted their credit card with overdraft protection. In case you ever over drafted your account, the remaining money would be charged directly to your Wachovia credit card without any overdraft fees.
Today I receive a letter from Wachovia telling me what changes they will implement on June 1st, 2009.
Now they instituted an Overdraft Protection fee of $10.00 per instance. Can anyone please tell me why they need to apply this charge now? They would still receive money if a person didn't pay off their balance at the end of the month.
I don't understand how this cost the company $10.00 to electronically process the overdraft amount to their credit card department. Especially when it didn't cost the consumer anything for this protection for two years.
Shame on you Wachovia!
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