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

3.5

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

1.95%

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

1.90%

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
Poor
Website / app
Poor
Rates
Poor
Fees
High
PATHETIC AND UNPROFESSIONAL
Customer service is absolutely HORRIBLE! Not one person I spoke with on the phone was polite in any way. They don't talk to you like people. They took thousands from me and will not give any kind of reimbursement. This bank is a JOKE! Would never recommend even to my worst enemy. They messed up and blamed me. Don't waste your time. Move along and choose a different bank. Don't waste your time or money like I did.
Overall
Customer service
Fair
Website / app
Poor
Rates
Poor
Fees
High
Sleazy Well's Fargo Sells Your Private Information
Within weeks after I opened an account with them, I started getting promotional mail from other banks that couldn't have gotten my information from anyone other than Well's Fargo. I made the mistake of not reading their privacy policy more thoroughly which states they'll do whatever they want with your information and you cannot do anything about it. Look at it here https://www.wellsfargo.com/privacy-security/privacy/individuals/ They also won't tell you about their selling of your information unless you either directly ask or you look it up yourself. Don't bank here if you care about privacy or if you care about banking somewhere with morals.
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