at Wells Fargo,

Member, FDIC

Pros

13,000 free ATMs and about 5,500 branches.
Checking account sign-up bonus.

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 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 Aug. 13, 2019.

Checking

4.5

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. College students can also avoid the fee. There’s no yield, so you won’t see your money grow with compound interest. But Wells Fargo does offer a promotional sign-up bonus. See our bonuses page to find out how to qualify.

 

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

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
BEWARE
Beware of Wells Fargo. They have a history of taking customers money in savings and checking accounts, but unwilling to grant loans to the diverse market. Additionally, the government cited them for opening up accounts in customers name without the customers knowledge in an effort to gain sales recognition. Search around for a more reputable financial organization. #StayoutofWellsFargo
Overall
Customer service
Poor
Website / app
Good
Rates
Poor
Fees
High
VERY VERY UNHAPPY CUSTOMER SOON TO BE EX CUSTOMER
Really misleading with the overdraft rewind and bank processing times i have at least a $700-$1000 in fees for past year just ridiculous
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