Bottom Line - Wells Fargo to charge $7 a month for checking: "Wells Fargo is ending free checking in six more states, expanding a $7-per-month account charge that went into effect in other parts of the country last year.
Existing customers in Georgia, New Jersey, Delaware, Connecticut, New York and Pennsylvania will be required to pay the monthly fee for the "Essential" checking account, unless they keep a $1,500 minimum daily balance or make direct deposits of $500 each month, a Wells Fargo spokeswoman said Thursday.
For customers, the fees add up. NerdWallet, a personal finance site, said it found that customers who can't meet the minimum balance and other requirements are charged an average of $110 a year by the five largest banks."
Existing customers in Georgia, New Jersey, Delaware, Connecticut, New York and Pennsylvania will be required to pay the monthly fee for the "Essential" checking account, unless they keep a $1,500 minimum daily balance or make direct deposits of $500 each month, a Wells Fargo spokeswoman said Thursday.
For customers, the fees add up. NerdWallet, a personal finance site, said it found that customers who can't meet the minimum balance and other requirements are charged an average of $110 a year by the five largest banks."
Posts
No comments:
Post a Comment