Following behind Bank of America who announced their own similar moves earlier this week. According to CNN, Wells Fargo is ending bounced check fees indefinitely along with a host of other changes. In the same announcement, the bank also confirmed that it would now be providing much earlier access to paychecks than before along with at least a 24 hour period before any overdraft fees are incurred.
“Core to Wells Fargo’s evolution is making sure we stay focused on our customers, first and foremost,” said Mary Mack, CEO of Wells Fargo Consumer and Small Business Banking, in a statement. “The enhancements we’re announcing today add to changes we’ve made previously and give our customers more choice and flexibility in meeting their needs.”
These changes on Wells Fargo’s end are set to take place by the end of the 1st quarter.