Wells Fargo expects to refund monthly service fees to some customers

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Wells Fargo expects to refund monthly service fees to some customers
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Wells Fargo & Co said on Friday it expects to refund some servicing fees to cust...

- Wells Fargo & Co said on Friday it expects to refund some servicing fees to customers who may have been confused about how to avoid monthly charges.

Roughly 90 percent of customers successfully avoid paying servicing fees on checking accounts by meeting certain requirements, said Wells Fargo spokesman Jim Seitz. “We have made improvements in how we communicate all of the ways customers qualify for a monthly service fee waiver, and how they can track their progress,” Seitz said. “It’s the right thing to do for our customers.”

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