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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.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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