TITLE

WELLS FARGO CHANGES OVERDRAFT PRACTICES

PUB. DATE
October 2009
SOURCE
CardLine;10/2/2009, Vol. 9 Issue 40, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the changes implemented by Wells Fargo & Co., the nation's second largest debit card issuer, to its overdraft policies in the U.S. It has been cited that Wells Fargo & Co. is following the strategies of banks on eliminating overdraft fees for customers that have engaged in overdrawing of accounts. This change is being adopted in the banking strategy in Wachovia Bank NA which was purchased by Wells Fargo. Customers are given the option to opt out of overdraft coverage.
ACCESSION #
44503754

 

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