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.”
Good morning everyone, happy Friday! I just received my Wells Fargo checking account statement and noticed a few changes to how the $10 monthly service fee will be waived on the Wells Fargo Everyday Checking account, effective October 8, 2020. Here is what the statement says:
Effective with the fee period beginning after October 8, 2020, the option to avoid the $10 monthly service fee with 10 or more posted debit card transactions will no longer be available, and the minimum daily balance option will be lowered to $500. Once these changes are effective, the monthly service fee can be avoided with ONE of the following options each fee period:
– Maintain a $500 minimum daily balance – $500 or more in total qualifying direct deposits* – Linked to a Wells Fargo Campus ATM or Campus Debit
Good morning everyone. Yesterday afternoon, I got my Chase business checking account statement and there was a big message on the front page of the statement. Beginning on November 19, 2019, if your Chase checking account is compromised, Chase will provide a replacement checking account number. This avoids the hassle of closing your existing account and opening a new account. Personally, that still sounds like a huge hassle if you have your direct deposit, bill pay, and other financial accounts linked to your old (compromised) account. One positive is that your linked debit card will continue working with the new account. Hopefully you are never in this situation, but at least your debit card will continue working, so you have access to your money.
Good morning everyone, greetings from Vail, Colorado. I’ve received a few comments recently on my blog and through Twitter about a post I wrote a few months ago: Chase QuickPay Changes: Need Chase Checking or Liquid Prepaid Card Starting August 19, 2016. Even though the change went into effect 2 weeks ago, most people are now noticing the change when they try to send or receive a monthly payment via Chase QuickPay (rent, mortgage, or other bill). Basically, Chase no longer lets you use Chase QuickPay unless you have a Chase checking or savings account or Chase Liquid prepaid card (high monthly fees). For more information about the negative changes, please read the above post.
Good evening everyone. There is no hiding my love for bank account bonuses. Doctor of Credit got me hooked and there is no cure (except more cowbell bank account bonuses). I recently shared my experience with US Bank’s checking and savings account bonuses and I just received my $300 bonus for my Chase Total Checking account bonus (read about the sign up bonus at Doctor of Credit).