Wells Fargo Scraps Debit Card Fee Trial

NEW YORK (TheStreet) -- Wells Fargo (WFC) - Get Report has canceled its trial of a $3 fee for customers who use its debit cards.

In a

news release

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.

On Friday,

a report said

JPMorgan Chase

(JPM) - Get Report

would scrap plans to charge a fee after conducting tests in multiple states.

And

Bank of America

(BAC) - Get Report

reportedly is

rethinking its plans

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

was disclosed

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.