(Source: MSN Money By Karen Datko) – Don’t you hate it when a business raises prices or tacks on a fee without offering anything new or improved in return? (Think the airlines. Also Netflix: That didn’t go over well.)

Maybe that’s why Wells Fargo is merely testing a $3 monthly fee for debit card users in five states. If customers take note and register displeasure, Wells Fargo, the nation’s second-largest bank by deposits, can put this move back in the bad-idea bin and come up with some other way to make money.

Unfortunately it’s not the only bank that likes this fee.

Source: MSN Money By Karen Datko

Thu, Aug 18, 2011 7:38 PM

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