Wednesday, July 7, 2010 - 1:32 PM

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

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.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

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.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

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!

bob21 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??

sarahjoe1 posts since
Aug 16, 2011
Rep Points: 1