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Beware Of Wells Fargo's New Value Checking & Checking Account Changes At Other Banks

Wednesday, July 7, 2010 - 1:32 PM
This MSN article by Liz Pulliam Weston has a good overview of how free checking might change with tips about how you can avoid future fees. Here's an example of how Wells Fargo is changing their free checking:
Wells Fargo, for example, is replacing its free and basic checking  programs July 1 with something the bank calls "Value Checking." The $5 monthly service fee for this account can be waived by keeping a $1,500 average daily balance or arranging a direct deposit of at least $250 a month.

6
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
Rep Points: 125,029
1. Saturday, July 10, 2010 - 11:29 AM
Reuters article has more info on this change:
The change will not affect existing customer accounts or Wachovia Bank customers.

 

 
6
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
Rep Points: 125,029
2. Thursday, August 11, 2011 - 11:23 PM
Speaking as an existing Wells Fargo customer who recently received notice, I beg to differ that it won't change for existing customers. but hey, we got until Sept. 12. Maybe Wachovia customers will get until the end of the year!
4
bob2bob21 posts since
Aug 11, 2011
Rep Points: 4
3. Tuesday, August 16, 2011 - 1:55 PM
What kind of notification did you get?? did you provide anywhere to look online??
1
sarahjoesarahjoe1 posts since
Aug 16, 2011
Rep Points: 1
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