Wells Fargo Accelerates Launch of No-Overdraft-Fee Bank Account

Wells Fargo & Co. launched one of its promised new bank accounts earlier than scheduled as the firm remakes some of offerings under Chief Executive Officer Charlie Scharf.

The no-overdraft-fee account, Wells Fargo’s first offered across the U.S., is available for $5 a month, according to a statement Tuesday. The firm announced the planned move and a second new account that limits overdraft fees in March. At the time, it said the new products would be available by early 2021.