News Briefs

After Florida PIRG reported on problems in its debit card practices, Wells Fargo took steps to eliminate some "surprise" fees on student cards.

When asked to comment on “Debit Cards on Campus,” an April 4 report produced by our research partners at U.S. PIRG Education Fund, Wells Fargo announced it would eliminate some fees on the debit cards it provides to students on many college campuses. The report found that students at schools with Wells Fargo partnerships paid half of all fees nationwide, despite only holding a quarter of all campus debit card accounts.

But Wells Fargo can and should do more, said Kaitlyn Vitez, director of U.S. PIRG Education Fund’s Make Higher Education Affordable campaign. "According to [Wells Fargo’s] own press release, student fees will only be cut in half—which still leaves Wells Fargo as one of the most expensive campus debit card options for students."

Added Kaitlyn, "We continue to urge the Department of Education to investigate paid marketing agreements between banks and colleges that push students into accounts with hidden fees.”

Read our statement.

Photo: Banks, including Wells Fargo, partner with schools to offer and aggressively market new checking accounts to students. Photo Credit: Andrey Kuzmin via Shutterstock

Support Us

Your donation supports Florida PIRG’s work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up-to-date on our campaigns, get important consumer updates and take action on critical issues.
Optional Member Code
CLOSE
Poll: Which of these positive changes do you most want to see in 2020?
More restaurant chains commit to stopping their overuse of antibiotics.
Stop using Roundup, which has been linked to cancer, on our parks and playgrounds.
Ban the worst single-use plastics.



Florida PIRG is part of The Public Interest Network, which operates and supports organizations committed to a shared vision of a better world and a strategic approach to getting things done.