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
No Resolution in Sight For Their Error.
Well Fargo debited my checking account twice for a payment I made with a check. On August 6, 2019 one check was debited twice from my account. I called up Wells Fargo's claim department and provided proof of their error,which was pretty easy, as the transaction was recorded with the amount ,date and check number. Because of their error, I was charged overdraft and other fees. This happened on 8/6/2019...I discovered the error on 8/16/2019. It's going on two weeks and no resolution in sight.. Wells Fargo Bank does not care about it's customers..I'm a recipient of their bad treatment....be warned ! Wells Fargo debited my account in seconds ,now I get promises and no resolution. Great work Wells Fargo..loyal customers have no rights..just take or money and stall ...Just hope we go away.
Overall
Customer service
Excellent
Website / app
Poor
Rates
Poor
Fees
High
Strange.
I've only ever had issues. Accounts being blocked almost monthly for shopping at the stores I usually shop at, as if they think I'm out of town. Also laggy updates. I payed my balance and it still says I'm late with the payments. The amount of errors I have to get fixed constantly is very bizarre and frustrating. Nothing seems to go smoothly. Also gives me different owed amounts than what I actually owe. I payed my bill yet it says I still owe a ton. Then when I call I'm told it's just an error. Cmon....
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