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Wells Fargo introduces new feature to automatically "rewind" overdrafts that are assessed on customers' accounts at a vulnerable time​


Tuesday, 14 Nov 2017 09:00am EST 

Nov 14 (Reuters) - Wells Fargo & Co :Wells Fargo & Co - introduced a new feature that will automatically "rewind" overdrafts that are assessed on customers' accounts at a vulnerable time​.Wells Fargo - will not charge overdraft/ insufficient funds fees if covering direct deposit is received morning after account is overdrawn for new feature​.Wells Fargo & Co - ‍also announced that it will no longer charge overdraft fees for any transaction of $5 or less​.Wells Fargo & Co - ‍automatic feature "rewinds" overdrafts when a covering direct deposit is received next morning​.