WTF: Wells Fargo Now Charging "Excess Activity Fees" for Online Transfers
Saw this little nugget tonight transferring funds from savings to
checking.... (Notice it's free to go in to the branch and waste their
time transferring money (or ATM) but if you use the convenient online
option you may be billed!!)
Please verify that the following transfer is correct by selecting the
Transfer button below. To make a change to this transfer, select the
Edit button. Transfers made on a business day after the cut-off time will post to
your accounts the next business day. Transfer cut-off times are: * 6:30 PM (Pacific Time) if either the "Transfer from" or the
"Transfer to" account is in Indiana or Ohio.
* 8:00 PM (Pacific Time) for accounts in all other states. If you are transferring from a checking or savings account and do not
have sufficient funds on the transfer date, we may complete the
transfer by creating an overdraft on your account. If you are
transferring from a checking account with linked Overdraft Protection,
we may complete the transfer using available Overdraft Protection
funds. Fees may apply. Excess Activity Fees may apply to your savings account if you exceed
the federally-mandated, combined total limit of six (6) per month of
the following types of transfers and/or withdrawals: * Transfers via Online Banking (including Bill Pay)
* Transfers made by telephone
* Automatic transfers for Overdraft coverage to your checking account
* Pre-authorized transfers and withdrawals (including automatic
and wire transfers)
* Checks, drafts, or other similar withdrawals payable to third parties
* Check Card or ATM Card purchases that post to your savings account There are no limits on the number of ATM or in-branch withdrawals or
transfers. For more information, please refer to your Account
Agreement. ------------
Comments [1]
Comments [1]