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Wells Fargo (WFC) joins the list of banks adding fees where they can to make up for fee...

Wells Fargo (WFC) joins the list of banks adding fees where they can to make up for fee reductions mandated by Dodd-Frank. The bank plans to implement a $5/month fee for those checking accounts not maintaining a $1,500 balance or otherwise behaving as the bank wishes them to.
Comments (10)
  • linenoise
    , contributor
    Comments (215) | Send Message
     
    "behaving as the bank wishes them to."

     

    Seems like unnecessary editorializing. You choose to be in a relationship with them remember?
    2 Jul 2012, 09:53 AM Reply Like
  • Hitesh Patel
    , contributor
    Comments (314) | Send Message
     
    exactly, all you need to do is write a check to a new institution and close all the accounts
    2 Jul 2012, 09:57 AM Reply Like
  • wigit5
    , contributor
    Comments (4067) | Send Message
     
    Which everyone should do promptly!

     

    I highly recommend USAA if you can get in.
    2 Jul 2012, 10:31 AM Reply Like
  • Peter_Do
    , contributor
    Comments (38) | Send Message
     
    But because it is not BAC, they will get a free pass. Only fees from BAC are attacked and derided.
    2 Jul 2012, 10:03 AM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4845) | Send Message
     
    Whack a mole. Return on capital or in simple terms price on capital cannot be set the government. Reminds me of Carter's WIN campaign.

     

    Ironically this regulation hit poor people the hardest. They have to pay more.
    2 Jul 2012, 10:06 AM Reply Like
  • barbwire65
    , contributor
    Comments (3) | Send Message
     
    There are many benefits to having a relationship with a large bank like Wells including their hundreds of free ATM sites when you travel. Not the same for banking with credit unions. Submitted by a Wells customer since 1955.
    2 Jul 2012, 10:10 AM Reply Like
  • MadAsHellAnd
    , contributor
    Comments (207) | Send Message
     
    One strategy: keep $300 in Wells OR BAC and all the rest in the friendly credit unions. This new development may thwart that.
    2 Jul 2012, 04:43 PM Reply Like
  • Joe Eifrid
    , contributor
    Comments (338) | Send Message
     
    "behaving as the bank wishes them to."

     

    Geesh! Why do so many think they should get free services just because they are doing business with a bank.
    2 Jul 2012, 11:28 AM Reply Like
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    Based upon the ways that banks treat their customers, one would assume that they want them to scream their heads off.

     

    That's why bank lobbies have such good acoustics.
    2 Jul 2012, 12:10 PM Reply Like
  • MadAsHellAnd
    , contributor
    Comments (207) | Send Message
     
    http://bit.ly/ryrjnk
    menu "Find A Bank/Credit Union"
    Tell your friends :)
    2 Jul 2012, 04:42 PM Reply Like
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