Wells Fargo to offer a bank account without overdraft fees. But there’s a catch.

Wells Fargo will offer a bank account that has no overdraft or insufficient funds fees, as well a bank account that caps overdraft fees to one a month, the San Francisco-based bank said Tuesday. The accounts are expected to be available in early 2021. While not a full-scale elimination of overdraft fees like some consumer advocates have called for, the move gives Wells Fargo customers an overdraft-free option.
Read more...

;