Wells Fargo imposes $7 checking fee in six more states
You're on quite a roll this year.
First, you take away our right to sue.
Then, you try to shove down my throat products that no one really needs.
Now you're rolling out a $7-a-month checking account fee in six more states.
What six states? We don't know.
CNNMoney broke the news today after it received a Wells Fargo statement from a New York customer that said the new fee would be levied on the account.
So we can assume New York is one of the six. But Wells Fargo won't name the other five states where it's implementing the fee.
Now, this is nothing new. Wells has been working diligently over the past year to rid itself of free checking.
New customers don't have a straight-up free checking option, and accounts in Western states saw the fee hike last year.
The rules are more or less the same.
You must pay the fee unless you have a direct deposit of $500 a month, keep at least $1,500 in the account or, like me, have a mortgage through the bank.
If you can't meet those requirements, you can get a $2 discount off the fee for opting out of paper statements.
Gee … thanks?
Is it any wonder I'm leaving?
No, I'm not going to be paying the fee. But Wells Fargo continues its long march of nickle-and-diming its customers and making those who least can afford it pay for holding their money.
And then there's that whole "I can't sue you if you mess up" thing, too.
Why would I want to leave my money with such a company?
I won't. And you shouldn't either.