Another One Bites the Dust: Wells Fargo Ends Free Checking Posted by AVCU on 10:29 AM

Add banking giant Wells Fargo to the list of those putting an end to free checking accounts. So reported the Huffington Post today. the bank is rolling out a new $7 monthly fee for its basic checking accounts. Maintain a $1,500 balance or deposit $500 per month to escape the fee. Bank America is testing a similar fee structure. But, the winner in the bank checking account fee hike, according to Huffington Post are credit unions, as those checking account holders fled from their big banks to more favorably priced credit unions.

Read the article in entirety here.