at Wells Fargo,

Member, FDIC

Pros

13,000 free ATMs and about 5,700 branches.

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, credit card 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 waivers.

 

Ratings methodology | Updated Jan. 10, 2019.

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. College students can also avoid the fee. There’s no yield, so you won’t see your money grow with compound interest.

 

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

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

2.25%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

HSBC

Online Savings Account

NerdWallet Rating

at HSBC,

Member, FDIC

APY

2.30%

Monthly Fees

$0

Bonus features

Competitive APY

No Monthly Fee

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
Never Again
I would never get an auto loan with Wells Fargo again. I got a $13,000 loan with them for my Honda 3 year ago. I've paid the loan on time for the past 3 years down to $5500. I would now like to sell my Honda. The Honda is in near perfect condition. But in order to sell my Honda I have to find a buyer who is willing to pay off my loan. Okay no problem, except buyer and I (seller) cannot just go into a Wells Fargo branch, pay the loan, and get the title. In the state of Florida, at least, there is a 7-10 day waiting release period of the title to the DMV. Which means that I have to find a buyer who is willing to pay off my loan and then wait with no proof of purchase, because Wells Fargo does not have or provide such a document (I asked), and then the buyer has to wait up to 10 days for the vehicle title. What kind of business model is this Wells Fargo? As a seller, I look like a sleazy con artist trying to get someone to pay off my car then drive off with it. When I explain this whole process to potential buyers it scares them off because who wants to deal with this? Honestly, I wouldn't want to deal with it as a buyer. Now I have to suffer as the seller. But of course, Wells Fargo wants to make it difficult for me to pay off my loan in because then they aren't making 85 cents a day off of me anymore. Well lesson learned Wells Fargo, I will never take a loan out with you or any other large bank again.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Total morons
I did too mobile posits one for $900 written to me from the mayor of Naples and he was an attorney. Wells Fargo told me I had to work up to 3 1/2 weeks for the check to clear because the signature look funny. My wife wrote a check to me I deposited it on a Saturday. Money was immediately withdrawn from my Wifes account and it took me 4-5 days to get my money and we belong to the same bank
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