STOP WELLS FARGO OUTRAGEOUS OVERDRAFT FEES, EVEN WITH PROTECTION!

STOP WELLS FARGO OUTRAGEOUS OVERDRAFT FEES, EVEN WITH PROTECTION!

The Issue

Even if you have signed up for overdraft protection AND you are linked to an account that can cover the overdraft in the event of a mistake-- Wells Fargo is STILL REQUIRING YOU TO PAY A FEE OF $35 per overdraft up to FOUR OVERDRAFTS PER DAY.  You could be charged $140 per day EVEN when you signed up for the service THEY say will protect you!

The inherent benefit to signing up for overdraft protection, especially when linked to an account that can cover the overdraft is NOT be charged at all.  What, then is the point of having the overdraft protection?

It is tough enough out there in this economy.  It is way out of line to be charging these outrageous fees.  The Wells Fargo commericals and even the "integrity" statement listed by the CEO's picture on the website ( https://www.wellsfargo.com/about/corporate/corporate_governance) leads us to believe that the banks are really trying to help with the very issues for which they have been most culpable.

This high fee practice erodes the public trust and faith, let alone penalizes people who rely on the very programs set up to protect us.  It is a violation of the worst order and only contrbutes more toward corporate greed .

Wells Fargo has consistently stepped over the line--let's put them BACK IN LINE, or go elsewhere!

This petition had 173 supporters

The Issue

Even if you have signed up for overdraft protection AND you are linked to an account that can cover the overdraft in the event of a mistake-- Wells Fargo is STILL REQUIRING YOU TO PAY A FEE OF $35 per overdraft up to FOUR OVERDRAFTS PER DAY.  You could be charged $140 per day EVEN when you signed up for the service THEY say will protect you!

The inherent benefit to signing up for overdraft protection, especially when linked to an account that can cover the overdraft is NOT be charged at all.  What, then is the point of having the overdraft protection?

It is tough enough out there in this economy.  It is way out of line to be charging these outrageous fees.  The Wells Fargo commericals and even the "integrity" statement listed by the CEO's picture on the website ( https://www.wellsfargo.com/about/corporate/corporate_governance) leads us to believe that the banks are really trying to help with the very issues for which they have been most culpable.

This high fee practice erodes the public trust and faith, let alone penalizes people who rely on the very programs set up to protect us.  It is a violation of the worst order and only contrbutes more toward corporate greed .

Wells Fargo has consistently stepped over the line--let's put them BACK IN LINE, or go elsewhere!

The Decision Makers

Michael Loughlin
Michael Loughlin
Senior EVP, Chief Risk Officer
Timothy Sloan
Timothy Sloan
Senior EVP, Chief Financial Officer
Mary Eshet
Mary Eshet
Head of Corporate and Financial Communications
John G. Stumpf
John G. Stumpf
CEO
Avid Modjtabai
Avid Modjtabai
Senior EVP, Consumer Lending

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