I opened my account with Wells Fargo by wiring money to my new account from my old bank. There was no charge. Recently I wired money to Wells Fargo from my old bank to close my account. Wells Fargo charged me $10.00 to deposit money in the bank.
I can understand a charge from the bank that starts the wire.....they have to perform a task, the recieving bank does not. Wire charges are the most profitable service for a bank their actual cost is under a dollar and that is only when they are sending a wire out.
Well the charges dont stop there......Wells Fargo charged $17.50 (actual cost is under $10.00 from Deluxe) for checks......then they charge $2.00 EVERY MONTH to get the checks back. I paid for the checks, they are my checks.......but you hold them hostage? I have direct deposit but they still charge a monthly service charge of $8.00---Where is the FREE checking? Overdraft protection...........I keep money in savings just in case I make a math boo-boo when they transferred money from savings to checking (all at Wells Fargo) they charged $7.50 for the service......it is my money and it is in your bank.
ATM charges.......they charge when you dont use one of their ATM machines. If I dont use one of yours I am not using your service, not wear and tear on the machine but you still charge me $2.00 to not use your service. So it seems to me that if you use the service or not only one think is constant NEEDLESS FEES. Just so you get the picture in 6 weeks free checking cost over $60.00