at Wells Fargo,

Member, FDIC

Pros

13,000 free ATMs and over 6,000 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

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’re among the millions who have a Wells Fargo mortgage or other product, you’ll be entitled to certain upgrades on interest rates and fees for checking and savings accounts.

Ratings methodology | Updated Nov. 29, 2017.

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

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

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
Fair
Website / app
Poor
Rates
Poor
Fees
High
Do NOT get a HELOC, or any other account or loan, with Wells Fargo
We opened a HELOC with Wells Fargo in January of 2017. Part of the loan was a low fixed rate for a year, and part is an APR. We understood that in 1 years time, the fixed rate portion would roll into the APR and that the rates could increase over time. WF has increased the rate the full possible amount every single chance they can. I have a gut feeling they are pushing the limits of what is allowed and I'm investigating it now. Also, they will limit the daily and monthly extra principal only payments you can make from a non-Wells Fargo account from you online account. You have to either mail in a check or go to a branch. Everything they do makes me certain they are trying to figure out how to screw me out of any extra interest that they can, they don't seem to have learned anything from past lawsuits for unfair practices at all. I very much regret every opening this line of credit and I will NEVER EVER again have anything to do with WF. No matter how good the deal sounds, I would STRONGLY recommend that no one open an account or take out a loan or any kind with Wells Fargo.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Stay Away
Today I had the distinct displeasure of dealing with Wells Fargo bank and all I can say is If there's any possible way to not deal with this bank, by all means, do not! They are unprofessional, incompetent and worse than they ever were. Stay Away!!!! Talking to them on the phone is a complete waste of time and will get you nowhere!!!!
Some of the reviews on the NerdWallet site were purchased through a third party provider. Users who post a review directly on the NerdWallet site will not be compensated in any way. Please see our Terms of Use and Posting Guidelines for more information.