Hi Stephanie,

I have already discussed this with another member of your team, but you may as well know why I am closing my accounts with Wachovia.

For one, in light of the Bailout, I have lost respect for banking institutions which also lend, for not declaring bankruptcy and instead forcing the general populous to be responsible for your poor decisions. Furthermore, this kind of mismanagement can only continue to infect the rest of the business, and I fear for the continued availability of my funds.

A large part of the reason I used to bank with Wachovia were your development programs, third world aid, and other socially responsible moves. Now I realize it was all a publicity stunt enacted by a disjointed section of your company, and you will not do the responsible thing when it really counts because it is not truly a part of your corporate culture and management strategy.

Secondly, your operations are just a hair shy of being a mirror image of all the other scum banks. Your check printing partner charges $15 more than they need to, how you label my funds is misleading, and you not only charge an additional $2 for every ATM I use just because I would have to travel two states to get to a network ATM, you also don't refund the fees issued by the ATM network.

I am switching to Fidelity because they offer free checks for the life of my account, unlimited check writing, 100% ATM fee refunds, and a 1.5% return on my deposits without an account fee or minimum balance. They don't nickel and dime you to death, and they don't offer slavery (aka loans based in usury), instead making their money from investments and client trades without the greed so typical to mainstream banks. That is the way banking should be.

Thanks,
Patricia Mayo

You can find out more about Patricia Mayo and her other projects at Mayobrains.com or ComHacker.org.