Wachovia? What's that? by matcrazy1
I saw for the first time in my life this strange name on my picture in Richmond area, a few times. And I saw it many, many times later during my trip around the South.POWERFUL COMPANY
Wachovia is bank holding company based in Charlotte, North Carolina; fourth largest in the USA based on assets and third based on client assets. The bank is very popular in the South. People keep there average $289 billion. Hmm... it was GDP of Poland in 1999, now (2004) it's over $430 billion.
FOR FOREIGN VISITORS?
If you are going to stay in states along the Atlantic coast from Connecticut down to Florida or in Alabama, Wachovia is a good choice. For what? For long time visitors it maybe convenient to purchase debit cards of Wachovia and avoid transaction fees by using numerous Wachovia ATMs. I think they would open me the bank account although with my Polish passport, driving licence, address and phone number... For US residents its easy online here.
My Citibank was unfortunately not that popular in the South like in the West, so I had to spend some $$$ for transaction fees in not Citibank ATMs and I couldn't check my account there.
MORAVIAN ROOTS
Wachovia (pronounced wa-KO-vee-yah) is the Latin form of the name Wachau, region North Carolina settled by Moravians in 1753. The name honored the settlers' connections to the Wachau Valley along the Danube River (Austria, east of Wien).