Advertiser Disclosure

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 four 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, mortgages, 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.

Ratings methodology | Verified Dec. 14, 2016

Checking

3.5

Wells Fargo’s Everyday checking pays no interest and has a $10 monthly fee; the fee is waived with 10 debit payments, $500 in direct deposits or an average balance of $1,500 each month.

Wells Fargo’s ATM network is not the largest — Citibank, for example, has more than twice as many.

Customers with at least $25,000 in various Wells Fargo accounts qualify for free access to its "PMA Package" checking, normally $30 a month. Perks include two waivers of out-of-network ATM fees each month, discounts on Wells Fargo loans and mortgages, and higher interest rates on certain accounts.

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
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Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
They take and use your money!
TERRIBLE customer service. Their tellers and customer service personnel are truly useless. In addition, I believe there are unprofessional and nefarious practices happening. For example on their "bill pay" they remove the funds from your account regardless of whether or not the recipient cashes the check. So you the account holder thinks bills are paid because the money is removed from you account and basically put into a Wells Fargo account until the recipient cashes the check. ! if they never cash check they do not return you money until after 90 days!! What are you doing with that money wells fargo! SAD!
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
NIGHTMARE
Had I known a loan would be processed through them I would have ran for the hills. They have no business doing anything affiliated with anyone's money! They're probably the most careless group of "customer service reps" I have ever encountered.... Have a loan through this place, confirmation where my payments were made weeks before they were due, but because they didn't process them until the day after they were due (coincidence?) I get charged a late fee of $38 every month... Sounds pretty ethical, right?!?! IF you're considering anything with this bank please reconsider. I wouldn't let them manage my child's piggy bank money!
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