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Wells Fargo Cancels Pilot of Monthly Fee for Debit Cards

^{Published on 2011-10-28 15:57:47 - Market Wire}
 

SAN FRANCISCO--([ BUSINESS WIRE ])--Wells Fargo & Company (NYSE:WFC) said today it is canceling its planned five-state pilot of a monthly $3 fee for users of its debit cards as a response to customer feedback the bank has received.

"This means understanding their needs as we continue to deliver the world-class service, convenience, and value they have come to expect from Wells Fargo."

aAs we adjust to changes in our business, we will continue to stay attuned to what our customers want,a said Ed Kadletz, head of Wells Fargoas Debit and Prepaid Cards. aThis means understanding their needs as we continue to deliver the world-class service, convenience, and value they have come to expect from Wells Fargo.a

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortuneas 2011 rankings of Americaas largest corporations. Wells Fargoas vision is to satisfy all our customersa financial needs and help them succeed financially.