At Glance
- Huge network of branches and ATMs
- Good sign-up bonus for checking accounts
- Innovative digital banking features
Overview
Wells Fargo is fairly average in terms of rates and fees when compared to its peers. Plagued by several scandals over the years, Wells Fargo is still in the process to slowly regain customers’ trust. Regardless, its biggest selling point might be the convenience of having the access to the largest network of branches across the U.S. and an impressive amount of ATMs. Some of the ways Wells Fargo tries to capture new customers are: $250 sign up bonus, easy data sharing integration, or consumer-friendly overdraft policies. Prospective customers are encouraged to wage the pros and cons when signing up with Wells Fargo.
Popular Services
| Account Name | Details |
|---|---|
| Wells Fargo Everyday Checking | Minimum to Open: $50 OR $25 online Monthly Fees: $10 + $1 paper statement fee Monthly Fee Waiver: $1,500 daily balance OR $500 direct deposit Non-Network ATM Fee: $2.50 Daily ATM Limit: $300 |
| Wells Fargo Preferred Checking | Minimum to Open: $50 Monthly Fees: $15 + $1 paper statement fee Monthly Fee Waiver: $10,000 daily balance OR a linked Wells Fargo Home Mortgage Non-Network ATM Fee: $2.50 APY: 0.01% on balances at least $500 |
| Wells Fargo Way2Save® Savings | APY: 0.01% Difference from National Average: -0.05% Minimum Balance for APY: $0 Monthly Fees: $5 Fee Waivers: $300 daily minimum, age 18 or younger, $25 repeating automatic transfer from Wells Fargo checking account |
