Good morning everyone, happy Friday! Over the last few months, I have written about several changes regarding Wells Fargo checking and savings accounts:
- Changes to Wells Fargo Everyday Checking $10 Monthly Fee Waiver Requirements (Effective October 8)
- Wells Fargo Discontinues Instant Issue Debit Cards (Effective November 30)
- Wells Fargo Discontinues Temporary Debit Cards & ATM Access Code Feature (Effective April 1)
- Wells Fargo Changes: New Statement Ending Dates, TTY/TDD Numbers Retired & More
In today’s post, Wells Fargo made changes to closing accounts and charging fees on accounts with a zero balance. These changes are effective August 9, 2021 (so they are already live and should appear on your next monthly statement). The key part of this change is:
“Accounts with a zero balance will continue to be charged applicable fees (like the monthly service fee) until you request to close your account. We may close an account (except analyzed business accounts) with a zero balance on the fee period ending date or at month end without prior notification to you. Once an account is closed (either by you or us), no fees will be assessed on the account.”
