![]() Highlight any annual or semi-annual recurring charges that may not be reflected on the monthly statement and transfer them as well.Take note off all your online subscriptions like Netflix, Apple Music and Spotify and transfer them over to your new account.Make sure that you transfer over all these essential charges to your new account at least 15 days before they are due. Review your most recent monthly statement for any recurring charges like water, electricity, gas and rental bills.This may seem obvious, but make sure you have a new bank account set up prior to closing your Wells Fargo account.Things to Do before you Close your Wells Fargo Account As with any break up, this may seem like an anxiety-inducing uphill battle. At some point in the distant past, large banks ganged up to charge you over $329 a year just for the privilege of using your own hard earned money.īut let bygones be bygones. This is clearly not the case when you bank with America’s most illustrious financial institutions. And to add insult to injury, an interest rate that hovers between 0 and 0.01% making you effectively zero income on your precious deposits.Įver heard the phrase, “your money should generate returns as you sleep"?. By this point, you’ve probably realized that their rosy promises of free checking accounts and high-yield savings accounts were just leading you into a labyrinth of hidden fees and charges. So you’ve made the decision to close your Wells Fargo account. ![]()
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