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Wells Fargo's Roll Out Of Checking Fees Hits D.C. Area

Tuesday, July 3, 2012 - 5:54 AMWells Fargo Bank - Details
The Washington Post reports on the end of free checking for Wells Fargo customers in the D.C. area:
Wells Fargo informed Washington [D.C.] area customers last week of plans to institute a new checking account fee, wrapping up a year-long, cross-country roll out of the charge.
[...]
the bank is applying a monthly $5 maintenance fee to existing consumer checking accounts. Customers can avoid the fee by maintaining a balance of $1,500 or electronically depositing their paychecks or other “direct deposits” to the tune of at least $500 a month.

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The Charlotte Observer had a similar article in May reporting on this change for Carolina residents. Washington D.C., the Carolinas, Florida, Virginia and Maryland are affected by the final wave of Wells Fargo's roll out.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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