“Wells Fargo & Company (NYSE: WFC) announced today that it has introduced a new feature that will automatically “rewind” overdrafts that are assessed on customers’ accounts at a vulnerable time – specifically the day before their payday direct deposit is received, when their account balances may be low. With the new “Overdraft Rewind” feature, the bank will not charge overdraft or insufficient funds fees if a covering direct deposit is received the morning after their account is overdrawn. Customers do not need to take any action to receive the new benefit, automatically providing a better banking experience for millions of customers nationwide.”