This post was contributed by a community member. The views expressed here are the author's own.

Business & Tech

Wells Fargo Introduces New Monthly Fee

Basic checking customers will see a $7 monthly fee.

Wells Fargo announced Thursday, March 8, that the bank will start charging basic checking account customers in six states, including Pennsylvania, a $7 monthly fee, according to the Philadelphia Business Journal.

The fee will start in June and customers with a minimum balance of $1,500 or direct deposit of at least $500 won’t have to pay. The fee will be lowered to $5 for customers who opt to go paperless.

Many former Wachovia customers are now Wells Fargo bankers after the banks were all changed over last year.

Upper Southampton's  branch is located at 280 2nd Street Pike.

The views expressed in this post are the author's own. Want to post on Patch?

More from Upper Southampton