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BLOG: Wells Fargo New $7 Fee in PA, NJ, and DE

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wells fargo

By Jim Donovan:  Wells Fargo has announced that beginning in May it will begin charging $7 per month to checking account customers in Pennsylvania, New Jersey, Delaware, New York, Connecticut and Georgia.    The bank already charges the fee to customers in 23 other states.  

Wells Fargo customers can avoid the fee by maintaining a minimum balance of $1,500, or by making direct deposits of at least $500 each month. They also have an opportunity to lessen the fee by $2 by opting for online statements.

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