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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 June 7, 2017.

Checking

3.5

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. 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
0.01%
APY
$1
Min. balance for APY
Learn moreat Wells Fargo
Everyday Checking
$10
Monthly fee
$1,500
Balance to waive monthly fee
Learn moreat Wells Fargo
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
Low
It's okay
Wells Fargo is an okay bank. Most of my family are customers and we like it but I have such a hard time navigating the website. When they redid the website, there was some missing and repeating information. Interest rates are very low compared to other banks. 0.01%! That's ridiculous. That definitely will make a person want to invest by getting 5 cents each month (sarcasm). You just can't get a lot these days with 5 cents. I tried to call once and it was very hard to get a hold of someone. The people are very nice and friendly to me when I go to the bank and I don't spend a lot of time. Overall, it's an okay bank.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Wasted my time
I opened an account with wells fargo after receiving an email with a $250 bonus offer code, I opened my account on the last day before the code expired. Met my 10 transaction requirement (bonus was supposed to be deposited within 45 days of meeting requirement) I called a while after not receiving my bonus, after a long conversation and many 'brief' holds they stated my 45 days were up in 3 days and to call back then if I had not received it. 4 days later, no bonus. I call back and get told they will fill out a form to look for my bonus and I will get contacted within 10 bussiness days. 3 weeks go by: No calls. No emails. Nothing. So I call back AGAIN. First, they try to tell me that I did not open my account before the expiration date of the offer code and that is why i did not receive it. I tell them that I received a letter stating the offer code was applied to my account, even after that I have to look for proof that I indeed opened my account before the expiration date. I give that to him, he puts me on another 'brief' hold and tells me that my 45 days are not up yet and I have to wait another week and that I need to call back then if i haven't received it by then. I then tell him that is not correct and that my 45 days were up a long time ago and I got told the exact same thing last time I called, then he again put me on another 'brief' hold and when he returns tells me that all along I have actually not been eligible for the offer bonus because my mom opened a teen checking account under my name when I was 12 years old and that made me an existing customer and that was the reason I did not get my bonus because it was for new customers only. Waste of time and completely unprofessional. I will be closing my account with them.
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