$3.00 monthly debit card fee Wells Fargo

<p>Just a warning that Wells Fargo is now charging an additional monthly $3 for having a debit card. That’s on top of the non Wells Fargo ATM fee of $2.50 per use.</p>

<p>I hope THAT fee doesn’t stick. What a rip off!</p>

<p>It’s a predictable move given the changes in exchange fees (or whatever they call them) that they can charge merchants who accept debit cards.</p>

<p>I dumped banks years ago and now use a credit union. Not only do they not charge account fees or ATM fees, they reimburse me $5/month for other banks’ ATM fees.</p>

<p>They are actually interested in providing services instead of coming up with new and creative ways to fee me to death.</p>

<p>Please post news release (or whatever) that states this charge from wells</p>

<p>[Let</a> me google that for you](<a href=“LMGTFY - Let Me Google That For You”>LMGTFY - Let Me Google That For You)</p>

<p>^^thanks for making me look like an idiot. We are Wells Fargo customers and had not been notified. As a result of your benevolent post, I realized that the $3.00 charge is only being implemented in 5 states and not ours. </p>

<p>Now, if you want to redeem yourself you can post the actual article. I’m on a phone and cannot</p>

<p>And fwiw, I did say “please” in my op</p>

<p>Here’s one:</p>

<p>[Wells</a> Fargo To Try $3 Monthly Debit Card Fees This Fall](<a href=“HuffPost - Breaking News, U.S. and World News | HuffPost”>HuffPost - Breaking News, U.S. and World News | HuffPost)</p>

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So glad I am not a Wells Fargo customer.</p>

<p>Btw, the college checking account that is linked to a particular college’s ID has free checking with no charges. I’m assuming that might change in the states mentioned in the article</p>

<p>I dumped banks about 10 years ago when they started doing things like changing the minimum balance needed for free checking and burying the change in one of the micro-print disclosures you sometimes get with the statement that no one ever reads, and then hitting me for $50 in check-writing fees the next month.</p>

<p>I got tired of arguing to get the fees back, and after stuff like this happened several times I kicked them to the curb.</p>

<p>Some local banks still have decent deals, but they seem to be continuously getting bought by big banks, then the fees start coming.</p>

<p>Oh, and one time my bank got bought and my account got moved to a competitor as part of the approval process for the merger. How bizarre is that? No one asked me if I wanted to be a customer of that other bank!</p>

<p>We moved and do not have a TD bank close by. We got spoiled. Darn!</p>

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<p>Regulators might believe that the merger would result in the merged bank being too dominant in a given area (too close to a monopoly), so they may require the merged bank to sell some branches in that area to some other bank. Or the acquiring bank did not want the acquired bank’s branches in that area, so a three way deal was made.</p>

<p>Expect banking services to get more expensive as competition diminishes and short term interest rates remain low.</p>

<p>IIRC, the bank wasn’t required to get rid of branches (although they closed a bunch and laid off a boatload of people), they were required to get rid of customers. I just thought it was strange that my assets could be removed from one business and put into another, and my patronage sold, without my permission.</p>

<p>Join a credit union. I don’t plan to bank with a for-profit corporation ever again.</p>

<p>We have our CSchwab account that reimburses for ALL ATM fees & doesn’t charge. S was surprised that applied to the US too, thought it was only when he was out of country. :)</p>

<p>Thanks for the heads up. We’re Wachovia which is now Wells Fargo. None of our accts have had fees for years. If we get them now due to the merger I’ll be peeved.</p>

<p>blueiguana, I agree. The Wachovia/Wells Fargo account is my son’s and it would be a rip off. Luckily, we are credit union members as well, so the merging W’s may be losing a young customer.</p>

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<p>That’s too bad, toblin. TD is a great bank.</p>

<p>You can thank those in D.C. who thought that more regulation was a good thing, and extended that to the amount that banks can collect from merchants who accept debit purchases. Did they honestly think that the banks weren’t going to pass that along to the consumer?</p>

<p>blueiguana, Wells Fargo took Wachovia over. It wasn’t a merger. No fees may be one of the many reasons that Wachovia was in such dire straits.</p>

<p>I blame the government mostly for this. Government put in regulations that make it tougher to get fees from deadbeats and the Fed’s position on low interest rates for so long has lead the banks to make up profits from fleecing responsible customers.</p>

<p>A lot of the fees are usually avoidable if you have direct deposit.</p>

<p>I hate Wells Fargo. We were Wachovia customers and I didn’t think there would be much change when they were bought out by Wells Fargo, but it seems like every month, there’s one bad change after another. I am irked at myself for talking all three of my kids into getting accounts at the bank when it was Wachovia and we are now seriously looking for another bank. I wish there was a credit union in our town, but the closest ones are a drive away.</p>