posted on its Web site late Friday, Wells said it scrapped its five-state trial of a $3 monthly fee "as a response to customer feedback the bank has received."
Wells Fargo joins other large banks in reversing plans to levy monthly charges on customers who use debit cards following a public backlash.
would scrap plans to charge a fee after conducting tests in multiple states.
Bank of America
to charge debit card users $5 a month.
Consumers around the country began voicing outrage about debit card fees after Bank of America's planned surcharge
in late September.
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Shares of Wells Fargo closed Friday up 1 cent at $27.08.
This article was written by a staff member of TheStreet.