We'd been speculating that lots of other banks would follow the lead of Bank of America and JPMorgan Chase, which announced new, more consumer-friendly rules on overdraft fees. Wells Fargo has followed suit.

However, there's a huge difference in all these changes: Chase will automatically remove all customers from the overdraft service and allow customers who want that protection to opt in, notes the Financial Times. Bank of America and Wells Fargo will leave it to customers to opt out of the controversial overdraft service. The latter policy may inspire some protection by consumer groups. 

For more:
- here's the article

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