I had my Wells Fargo accounts for 21 years (since 1991). They assured me free checking for life. I switched to them after TCF bank repeatedly stole money out of my account. Then they renigged on their free checking, they promised I could avoid fees by jumping through a few hoops, so I played along. Then less than a year they started making the hoops more and more absurd... Minimum daily balance, minimum card transactions, minimum direct deposit, minimum account transfers... Then I moved to Hawaii and the bank manager assured me there was Wells Fargo in Hawaii (there isn't, and thank God). I closed my account after 21 years because I had no recourse to keep my supposedly"free"checking account free any more. On three separate occasions I got the banker to admit over the phone that their policies amount to "rich get richer, poor get poorer". Their own bankers don't really like where the company is headed. Such a mad cash grab is usually indicative of a company that's about to go belly up, so if I were you I would divest out of Wells Fargo today. Incidently, I'm now with HFS federal credit union, and so far my experience has been great. Their terms are: minimum average balance of 50$, minimum one transaction per year, and if you don't meet them there's only a$1 fee. SO happy to be rid of Wells Fargo.
I have to say that my husband and I could not be MORE PLEASED with the handling of our retirement funds! We put my 401K and my husband's limited savings--both of which had lost money during the recession and were not gaining much back, in the hands of the Wells Fargo representative Mr Joseph Kirby here in Jacksonville. He has grown our money unbelievably well, and has FAR EXCEEDED our hopes. We never thought to say it, but "Here we come, travels and cruises!" The Lyles
I have had the misfortune to have to deal with Wells Fargo in New York City. Upon the passing of my parents, who held considerable assets in a local branch of the bank in New England, I became executor of their estates, and I needed to conduct business locally in Manhattan. Unlike their local banker in New England, who exhibited intelligence, competence, and compassion, Manhattan Wells Fargo bankers have been uniformly rude, uncaring, disrespectful of my time, and ill-informed about a wide range of financial matters. It is little wonder that I reduced those Wells Fargo accounts to next to nothing. There are many commercial banks in New York City. Choosing Wells Fargo means you adopt their icon, a stagecoach and horses. That symbol worked well in the late 19th century. Unfortunately, the bank's service is still mired in the past. Go elsewhere.