Wells Fargo drops debit card charge idea

Wells Fargo announced it is canceling a proposed monthly fee of $3 for debit card users. The bank, which controls 36% of Twin Cities banking transactions, made the decision after receiving negative customer feedback.
Author:
Updated:
Original:

Wells Fargo announced it is canceling a proposed monthly fee of $3 for debit card users. The bank, which controls 36% of Twin Cities banking transactions, made the decision after receiving negative customer feedback.

Next Up

Related

Verizon reverses on $2 service fee

The wireless provider had announced a fee for customers paying service bills online via a debit or credit card. The FCC threatened to investigate and the company reneged the "convenience fee" due to customer feedback.

Consumer watchdogs question Minn. colleges' contract with debit card co.

Minnesota State Colleges and universities are being scrutinized by the U.S. Public Interest Research Group over a contract with private financial company Higher One. The consumer watchdog claims Higher One pushes students into using debit cards with sneaky fees that "eat up students' financial aid awards."