I, personally, wouldn’t do business with them, either. Just interesting how much money is waiting it out.
Wells Fargo is the best run bank in the country. By eliminating small accounts they are reducing costs and strengthening their business. They know very well there are small local banks willing to service the small accounts for free.
Those customers will not be without bankers services.
The need to cede this business to other, smaller, and perhaps hungrier banks allows them to shed evermore increasing overhead. People are the overhead and there is a need to shed people.
It wasn’t our main account just an avenue we used to shop on the internet.