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They're just a better bank. I keep a local bank as well (got burned one too many times by WF — started charging me for things I had for free for 6 years).

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"One too many times" means just that, one too many times. Please consult a dictionary of your choice. –  RegDwigнt May 17 '12 at 18:16
    
"One time too many" For example, I may have put up with something 10 times, but 11 times was just over the limit of what I could tolerate. –  Jay May 17 '12 at 20:03
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closed as general reference by RegDwigнt May 17 '12 at 18:14

This question is too basic; it can be definitively and permanently answered by a single link to a standard internet reference source designed specifically to find that type of information.If this question can be reworded to fit the rules in the help center, please edit the question.

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It means they have crossed some threshold that caused the speaker to take action.

In this case, it sounds like "WF" did things such as charging for previously free services and the speaker felt that this last activity "charging me for things I had for free for 6 years" was too much for them ("burned one too many times") and prompted them to go and get an account with a local bank (who presumably does not charge for the same services).

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