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What is an Excess Activity Fee?

What is an Excess Activity Fee?

An Excess Activity Fee occurs when you exceed the federal regulatory limits on savings account transactions. Regulation D limits certain types of withdrawal and transfer transactions you can make out of your savings or money market accounts to a maximum combined total of six (6) per month or monthly statement period, including:
  • Transfers via telephone
  • Transfers via Online Banking (including Bill Pay)
  • Automatic Transfers for Overdraft coverage to your checking account
  • Pre-authorized transfers and withdrawals from your account (including automatic and wire transfers)
  • Checks, drafts, or similar other withdrawals payable to third parties (counted when they are posted to your account and not when they are written)
  • Debit Card or ATM Card purchases that post to your savings account

An Excess Activity Fee may apply for each transaction that exceeds the limit stated above. If the Bank determines that you are exceeding the limit described above on more than an occasional basis, the Bank will, at its option, either close your savings account and transfer the funds on deposit in your account to another account that you are eligible to maintain, or terminate your right to make transfers and write Items against your savings account. For details, or to see if there is a Wells Fargo account that may better meet your banking needs, please call 1-800-TO-WELLS (1-800-869-3557).

Investment products and brokerage services are available through Wells Fargo Advisors, LLC (member SIPC), a non-bank affiliate of Wells Fargo & Company.