Wells Fargo Banking. (Checking,Savings)?ok well i just opend one up i think a student, and i asked the lady if its all free she said yes all i have to do is pay 25 each month for my savings and i said thats fine and 100 to activate the account but itll be mine the next day. And i said but i heard there gne charge 7 dollars a month. she said no they arnt... |
Your grammar is so hard to understand...
Anyways, every bank is about the same now. They all have a monthly service fee unless you do something special or a trick.
First, you should not be paying $25 each month. I will chalk that up to your comprehension though. I doubt such a large consumer bank would do something that dumb.
Wells Fargo is a fine bank. If you did open a student account, everything should be free if you opened a Student Checking and Savings linked together, get a direct deposit of $500 or more in your Checkings, and setup SaveAsYouGo to automatically transfer $1 or more from your Checking to Savings.
These are the little tricks to make everything free, otherwise you will get charged service fees of $7 for Checkings and $5 for your savings.
The $25 for the savings account isn't really a fee, its a minimum deposit you need to make every month to AVOID the fee. Once you have enough money in there, you can stop the direct deposits and still not pay a fee, but I wouldn't recommend that.
I've banked with Wells Fargo for years - since before they were Wells Fargo as a matter of fact. I have checking, savings, mortgage, probably a car loan if I ever need one - the whole shebang. If they aren't charging you fees now, they will. They are THE WORST about that sort of stuff. Keep a really close eye on your accounts. I think they actually have pretty great customer service and any problem I've ever had was resolved quickly, but they will nickel and dime the living hell out of you if you aren't careful.
The pay 25 each month doesn't make sense. I think you meant direct deposit?
When you opened the account they should've given you documents detailing what kind of account you opened and the different fees.On that same sheet of paper it should detail the different options you have to waive the monthly fee.
To waive monthly fees, most accounts require a minimum daily balance or direct deposit but I did see an option that included linking a "campus" atm/debit card. If you chose that option make sure you/they did it correctly.
Minimum daily balance of $500 = you must have at least $500 in your account by the end of the day.
Direct deposit = automatic deposit from an employer.
Figure what kind of accounts you opened, check the documents they gave you, and then come back if you still have questions.
Make sure you get that in writing.
