I thought about linking an earlier version of this story yesterday in a post about nickel-and-diming poor people, but, anyway, this headline is not quite accurate: "Wells Fargo To End All Free Checking Accounts By August."
People who maintain a minimum balance will still get free checking. We'll still be able to get penalties for our own dumb mistakes reversed, too -- I just did it last week at Wells Fargo. Fees are for people who can't afford them. (I guess one could argue that my account isn't really free, as it requires me to park funds with the bank, but the money has to go somewhere so it feels free to me.)
So, yeah, this (NSFW):