at Wells Fargo,

Member, FDIC

Pros

13,000 free ATMs and about 5,500 branches.
Checking account sign-up bonus.

Cons

0.01% APY on standard savings account; better rates available elsewhere.
$35 overdraft fee can be charged three times daily.

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Overall

3.5

Megabank Wells Fargo offers a huge variety of financial products under one brand — checking and savings accounts, investments, credit cards, auto loans and more. If you have a Wells Fargo mortgage or investment account — or a high enough bank balance — you could receive certain upgrades on interest rates and fees waivers.

 

Ratings methodology | Updated Aug. 13, 2019.

Checking

4.5

Wells Fargo’s Everyday Checking has a $10 monthly fee. You can avoid the fee by making 10 debit payments or $500 in direct deposits or by keeping a minimum daily balance of $1,500 each month. College students can also avoid the fee. There’s no yield, so you won’t see your money grow with compound interest. But Wells Fargo does offer a promotional sign-up bonus. See our bonuses page to find out how to qualify.

 

With 13,000 ATMs, Wells Fargo’s network is fairly large; it only slightly trails Chase’s and Bank of America’s 16,000-ATM networks.

Way2Save Savings
APY
0.01%
Min. balance for APY
$1

at Wells Fargo,

Member, FDIC

NerdWallet reviews are the result of independent research by our editorial team while accountholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Overdraft Fee
I have been a customer of WellsFargo for about 5 years now. I rarely, if ever, go into the negative. Yesterday, I went $5 in the negative. So when I received my paycheck yesterday I deposited the check last night before midnight through my phone. This morning when checking to see if my checks had gone through I saw I was $40 in the negative due to the overdraft fee. I called customer service and explained the situation and was told that I would be getting $17 back. The reason I am so overly frustrated with this is because: 1. It was $5... 2. I deposited my check before midnight, which means I should not have been charged with having my account $5 IN THE NEGATIVE.
Overall
Customer service
Excellent
Website / app
Excellent
Rates
Fair
Fees
Fair
Love my branch
My branch is very close to my neighborhood. The customer service is great. I have been a customer for over 10 years. I do not have any service fees on my checking or savings. I have occasionally had a problem which caused a fee, but after explaining what happened, they have reversed them. The bankers at my branch are wonderful, and offer exceptional service.
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