Wells Fargo wants more money for "free" checking [Consumer]

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User Info	Wells Fargo wants more money for "free" checking in forum [Consumer]
Briar Posts: 5397 Incept: 2008-02-07 Palm Springs, CA	Right now all I have to do is put $75/month in savings to get free checking. Now it seems they want me to keep at least $7500 in their bank to get it. They must need money. Upcoming change to your Complete Advantage Ž Checking account The August statement for your Complete Advantage Checking account included a message about changes to your account. For your convenience, we've summarized the changes below. What's changing Effective November 14, 2011, the options to waive your Complete Advantage Checking account monthly service fee will change. You can waive the $15 monthly service fee when you have three additional linked qualifying accounts/services and one of the following: Maintain $7,500 or more in combined balances in deposit or qualifying credit accounts, OR Maintain a linked Wells Fargo Home Mortgage If you do not meet one of the above monthly service fee waiver options, this fee can be discounted by $2 per month when you set up and receive online statements for this account. What you may need to do Automatic transfers are no longer available to waive the monthly service fee. Please review the new monthly service fee waivers carefully as it may be necessary for you to take action to ensure your account is not assessed a monthly service fee. What isn't changing Your qualifying automatic transfer will continue to waive the monthly service fee on select savings accounts. Your account number will remain the same. Your automatic payments, transfers, scheduled online bill payments, and direct deposits will continue uninterrupted. Your account will continue to be FDIC-insured up to the applicable limits. You will continue receiving the same benefits and services including: Bonus interest rate on a linked Wells Fargo Money Market Savings SM account1 More than 6,300 Wells Fargo locations and 12,000 ATMs Free access to Wells Fargo OnlineŽ Banking with Bill Pay Telephone customer service available 24 hours a day, 7 days a week If you have questions, or would like to receive a free financial review to see if you have the right accounts and services to meet your financial goals, please contact your local banker or call us at 1-800-TO-WELLS (1-800-869-3557), 24 hours a day, 7 days a week. Thank you. We appreciate your business. Sincerely, Wells Fargo Consumer Deposits Group ---------- Religion is what keeps the poor from murdering the rich. Napoleon 2011-09-14 08:47:19 Permalink
Drench Posts: 28631 Incept: 2009-11-10	All the big boys are pulling similar ***. 2011-09-14 08:52:24 From PDA* Permalink
Genesis Posts: 130798 Incept: 2007-06-26	I just got the same **** on my business account. Unfortunately, credit unions cannot serve business accounts. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2011-09-14 08:55:20 Permalink
Briar Posts: 5397 Incept: 2008-02-07 Palm Springs, CA	I joined PenFed on your rec, KD. I really like it, but there's no free ATMs around here. ---------- Religion is what keeps the poor from murdering the rich. Napoleon 2011-09-14 09:03:04 Permalink
Wearedoomed Posts: 3585 Incept: 2009-01-14 slightly red state Online	Genesis wrote.. Unfortunately, credit unions cannot serve business accounts. I'm a member of ~~one~~ two that offer business products. Maybe they're at arm's length from the personal side, but the CU's brand them as their own. ---------- And you, my father, there on the sad height, Curse, bless me now with your fierce tears, I pray. Do not go gentle into that good night. Rage, rage against the dying of the light. Last modified: 2011-09-14 10:18:44 by wearedoomed 2011-09-14 10:15:32 Permalink
Ckaminski Posts: 1586 Incept: 2011-04-08	RE Credit unions and business accounts, someone ought to tell them: http://www.premiercu.org/home/bus Or mine, for example (though I don't have any money on account with them at the moment): https://www.dcu.org/business_services/in.... Is this an example of funny account management? 2011-09-14 12:20:42 Permalink
Matt_bear Posts: 6364 Incept: 2008-07-15 a week early on spy puts	they're finding new ways to steal our money. I actually think this kind of stuff is a good thing. eventually the people go to cash. ---------- In terms of real-world fundamentals, I expect that most of the people around me, whom I work with day to day, and whom I pass on the street ... will be dead within five years. 2011-09-14 13:08:03 Permalink
Lowbeyond Posts: 16938 Incept: 2008-02-11 CO aka West NJ/East CA	you are doing biz with a bailout leech bank, what do you expect. oh well ---------- Maybe it was a birdy bread-bomber from the future?! 2011-09-14 13:09:07 Permalink
Mrbill Posts: 7857 Incept: 2008-10-19 North Carolina	I lost my world's smallest violin. 2011-09-14 13:11:38 Permalink
Emdeplam Posts: 2046 Incept: 2008-01-10	My credit union offers business checking 2011-09-14 13:12:22 Permalink
Dan721 Posts: 2776 Incept: 2007-08-23 Phoenix, AZ	My CU offers business accounts as well. Briar, Target used to have ATMS in all of their stores that did not charge fees for use. That made them free for CUs and places like ING that don't charge ATM fees. They've been replaced by Chase ATMs in every Target I've been in lately.... Last modified: 2011-09-15 01:22:47 by dan721 2011-09-15 01:22:27 Permalink
Briar Posts: 5397 Incept: 2008-02-07 Palm Springs, CA	Just opened a PenFed checking account. We'll see how life without free ATMs goes. If not well, I'll have to do something else. Will miss buying stamps at the WF ATM. ---------- Religion is what keeps the poor from murdering the rich. Napoleon 2011-09-15 10:21:20 Permalink
Otiswild Posts: 5627 Incept: 2009-03-09 Inside you, the force is!	One of my CUs has no-fee ATM withdrawals thru Allpoint (though I think it's only 5-6 per month), and these days I usually buy nontrivial items with a points credit card but pay it off in full each month via electronic banking.. There's also some bank-branded ATMs that are in Allpoint and should be free, though I would refuse to continue the transaction if I saw a fee screen popup. 2011-09-15 13:42:49 Permalink
Wakeupcall Posts: 4234 Incept: 2009-06-08 Hampton Roads, VA	Gawd, I haven't used an ATM in at least 10 years. The fees were ridiculous, plus I never knew what happened to the money-lol! Every couple of months, we go to the bank & withdraw $100 in ones & fives for our "petty cash" fund. Otherwise its credit cards and the occasional check. ---------- Nothing travels faster than the speed of light, with the possible exception of bad news, which obeys its own special laws. 2011-09-15 14:36:45 Permalink
Starvingartist Posts: 3430 Incept: 2011-01-03 Puff The Magic Dragon	My CU does business accounts also. ---------- "The only solution that is mathematically sound is politically impossible. All the should's in the world ain't gonna change that." 2011-09-15 14:41:11 Permalink
Randy123 Posts: 5789 Incept: 2008-09-24 Earth	These ***ers did this wife my wife's checking acct(she was with Wablowvia when they were bought)....I told the guy it's reason enough to close my account and that I hated dealing with TARP banks to begin with. He just looked sad. ---------- China is the Enemy. Wake Up. New Normal. Same As The Old Awful. 2011-09-15 14:42:56 Permalink*
Nike Posts: 7407 Incept: 2008-10-09 Bright Light City Online	Try US Bank, I have a basic business account with them, my balance has been as low as $20 and they haven't charged me for anything. ---------- We, in the ages lying, In the buried past of the earth, Built Nineveh with our sighing, And Babel itself with our mirth; And o'erthrew them with prophesying, To the old of the new world's worth Each age is a dream that is dying, Or one that is coming to birth. 2011-09-19 17:13:50 Permalink
Matt_bear Posts: 6364 Incept: 2008-07-15 a week early on spy puts	What business are you running? ;) :P ---------- In terms of real-world fundamentals, I expect that most of the people around me, whom I work with day to day, and whom I pass on the street ... will be dead within five years. 2011-09-19 19:12:47 From PDA Permalink
Nike Posts: 7407 Incept: 2008-10-09 Bright Light City Online	Let's just say when I say I'm working 9 to 5, I don't necessarily mean during the day. ;) ---------- We, in the ages lying, In the buried past of the earth, Built Nineveh with our sighing, And Babel itself with our mirth; And o'erthrew them with prophesying, To the old of the new world's worth Each age is a dream that is dying, Or one that is coming to birth. 2011-09-20 12:16:17 From PDA Permalink
Obseedian Posts: 11872 Incept: 2007-07-26 BBRY Central	What's your rate? Kidding, KIDDING! ---------- Would you give your money to these banks? http://bankimplode.com/list/troubledbank.... Those who vote decide nothing. Those who count the vote decide everything. - Joseph Stalin 2011-09-23 11:24:31 Permalink


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Genesis wrote..