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Spotlight: Wells Fargo Joins ATM Fee Bandwagon

December 13, 1996

Not content to get you coming, Wells Fargo & Co. has joined the growing list of banks that get you going too. The San Francisco-based bank is now charging non-Wells customers $1.50 to use its automated teller machines--a fee that is in addition to the fee the customer's bank deducts. Wells is following BankAmerica Corp., which last month began charging non-customers. With the two industry titans paving the way, several other banks are likely to follow suit, analysts predict.

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