A woman in Florida got a letter from Wells Fargo stating: “Effective April 7, 2014, the fee for deposited U.S. or foreign currency denominated international items, including drafts, will be $5.00 per item.” At first blush this sounds like it's more about international transactions - but hang on sloopy.
The Florida woman jumped on the phone; “I called their (Wells Fargo) 800-869-3557 Texas call center...customer service rep Adelina informed me that whenever I will make a deposit of my paycheck or anything I will be charged $5.00.”
The lady closed her account of course, but will she have anywhere else to go? Will any of us?
Should banks get the bone-headed idea they'll start charging a fee just for putting money in the bank why do we need banks at all? Interest rates are far lower than a $5 fee for a deposit. It's cheaper to stuff it under the mattress...
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