at Wells Fargo,

Member, FDIC

Pros

13,000 free ATMs and about 5,800 branches in 39 states

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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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

Overall

3.0

Megabank and mortgage giant 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 for checking and savings accounts.

 

Ratings methodology | Updated June 20, 2018.

Checking

4.0

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. There’s no interest rate, so you won’t see your money grow.

 

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

Certificate of Deposit
APY
0.80%
Min. balance for APY
$10,000
Length of term
5 years

at Wells Fargo,

Member, FDIC

Everyday Checking
APY
Monthly fee
$10
Balance to waive monthly fee
$1,500

at Wells Fargo,

Member, FDIC

How does Wells Fargo compare?

Wells Fargo

Way2Save Savings

NerdWallet Rating

APY

0.01%

Monthly Fees

$5

Bonus features

2,000+ branches

Live help 24/7

Goldman Sachs Bank USA

Online Savings

NerdWallet Rating

at Goldman Sachs Bank USA,

Member, FDIC

APY

1.85%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

American Express National Bank

High Yield Savings Account

NerdWallet Rating

at American Express National Bank,

Member, FDIC

APY

1.75%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

Not for you? Read more bank reviews
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
Excellent
Website / app
Poor
Rates
Poor
Fees
High
10-Day Hold
Recently made an ATM deposit on an employment check. Long story short, instead of the 24-48 hour hold, the bank is holding my check for 10 days. After speaking a few people in a few departments, No one could do anything but repeat the information I was given via the electronic notification. No bills will be paid. Huge inconvenience with personal repercussions.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Run away Fast
30+ year Top Tier customer screwed over at every turn . 1st was a auto loan years ago never late and PIF. 2nd refinance on my home and was transferred to wells fargo financial and was lied to none stop from day one also never late and PIF. Now we need a new roof and applied for a 9k loan and denied with literally no reason LoL 25k in the bank was just removed
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