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Why Wells Fargo and Other Banks Are Cutting Perks, Raising Fees, and Closing Branches — and How to Protect Your Savings

Sandy Rowley
6 min readAug 23, 2024
Banks are closing why?

In recent years, customers of major banks like Wells Fargo, Bank of America, and others have noticed a shift: perks that were once standard are being cut, fees are on the rise, and branches are closing across the country. These changes have left many wondering why this is happening and, more importantly, what they can do to protect their savings in this new banking environment.

The Growing Unease Inside Wells Fargo: Why Are Banks Acting So Suspiciously?

Walking into a Wells Fargo branch these days can be an unsettling experience. The familiar, welcoming atmosphere of years past seems to have been replaced by something much more eerie. Customers are noticing a shift — not just in the way they’re treated, but in the entire banking environment. What’s happening inside Wells Fargo, and why does it feel so suspicious?

A Shifting Atmosphere

It wasn’t long ago that walking into a bank was a routine task — paying bills, depositing checks, maybe even catching up with a friendly teller. Now, however, customers report feeling uneasy the moment they step inside. The lighting feels dimmer, the faces behind the counters are more guarded, and the overall vibe seems to…

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