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Wells Fargo Not Making Friends


Wells Fargo Bank is going to start charging customers in Oregon and Washington for using their debit cards for purchases; the fee is $3 a month. Portland Business Journal Reporter, Robert Goldfield says the charge will be for purchases and not ATM use. He says Oregon and Washington are part of five states where Wells Fargo is testing this idea. “It seems like maybe they are trying to soft sell this. They are alerting their customers. I think there will be some kind of backlash- to what degree is hard to say." He says this is part of a bigger move for more revenue in reaction to regulatory changes. The banks say some of those changes have been costing them money.

 

 

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