I just transferred $2,000 from a brokerage account to another financial institution. I was charged an $8.95 fee for selling the stocks and I was also charged another $70.00 transfer fee. Unfortunately this was money being set aside for my grandkids, all profits from this account have been grabbed by USAA.
This is the final straw for me. Something has changed with USAA over the past few years. They have gone from great to greedy. You can basically throw a dart and find a much better financial institution for insurance and brokerage. They no longer have a loyalty to or bond with their customers.
Ive been with USAA exclusively since 1999 and now, sadly, I have to move on. I've already got my son out, next is my wife. I'm cutting all ties and warning everyone who will listen. I just got 2 more coworkers committed to cutting ties and spreading the word as I'm writing this.
My auto insurance premium has been climbing steadily and I have never made a claim in almost 30 years. I talked to a USAA representative a few months ago about the price gouging and gave them one last chance. I easily found much more affordable insurance in a matter of minutes. Have you all been told the same lie about rates going up in your specific state? Good luck everyone.
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