Well THAT didn’t last very long. According to this article from the San Fransisco Business Times the bank started their test run on October 14th of this year. On October 28th, a WF spokesperson announced that they were cancelling the test run in response to “customer feedback”.
Hmm….could that feedback have been thousands of people moving their money out to credit unions and local banks? For everyone who was able to do that, great job making your voice heard!!
Now it looks like Bank of America might be trying to find more ways to waive their $5 monthly fee for customers.
Looks like pressure is a good thing for these banks…if you’re moving your money, I’d say keep it up! I’ll be joining you as soon as my credit is good enough to do it.