Wells Fargo Cancels Plan For Monthly Fee For Debit Cards


US bank Wells Fargo said Saturday it is cancelling its planned five-state pilot of a monthly $3 fee for users of its debit cards as a response to customer feedback the company has received.

Customers in Oregon, Washington, Georgia, Nevada and New Mexico will not be charged the monthly debit card activity fee, which had been scheduled to appear on bank statements starting Nov. 15.

“As we adjust to changes in our business, we will continue to stay attuned to what our customers want,” said Ed Kadletz, head of Wells Fargo’s Debit and Prepaid Cards. “This means understanding their needs as we continue to deliver the world-class service, convenience, and value they have come to expect from Wells Fargo.”

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