Wells Fargo to begin charging $7 checking account fee



CHARLOTTE, N.C. - New fees are on the way for Wells Fargo customers.

This week, the bank will begin assessing a $7 per month fee for customers with old Wachovia checking accounts in six states.

The bank said it started moving customers in 23 states to the $7 fee last year and is expanding to six more.

North Carolina and South Carolina are not included in those states, but a company representative confirmed the bank does plan to extend the fee to the Carolinas in the future.

Customers can avoid the fee by having a $1,500 minimum balance or getting a $500 or more direct deposit once per month.  Customers can also get a $2 break on the fee by opting for online statements.

Bank representatives said it has not offered free checking to new customers since 2010.

The bank has branches in 39 states and plans to expand the fee in all of them but have not said when.