Wells Fargo To Begin Charging Customers For Deposits?

Wednesday, January 15, 2014
By Paul Martin

$5 dollar fee for every paycheck deposited in checking or savings account, claims Florida woman

Paul Joseph Watson
January 15, 2014

According to a Florida woman, Wells Fargo is telling its customers that they will have to pay a $5 dollar fee every time they deposit funds into their checking or savings account.

The woman sent us the bank statement above which she received on Monday informing her of changes to her Wells Fargo checking and savings account.

It reads: “Effective April 7, 2014, the fee for deposited U.S. or foreign currency denominated international items, including drafts, will be $5.00 per item.”

In other words, every time a customer deposits funds into their account, be it a paycheck or anything else, Wells Fargo imposes a de facto flat rate tax of $5 dollars. However, it remains unclear as to whether this relates to domestic deposits or deposits being sent from abroad in U.S. dollars.

The Florida woman says she was told directly by Wells Fargo that the new policy applied to domestic deposits.

“I called their 800-869-3557 Texas call center to make sure I wasn’t seeing things and the customer service rep Adelina informed me that whenever I will make a deposit of my paycheck or anything I will be charged $5.00,” said the woman, adding that she closed her account because she is a single mother and cannot afford to pay the fee every time she deposits money.

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