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.

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

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
Fair
Rates
Poor
Fees
High
i deal with 5 banks and wells fargo is worse by a mile
they harassed my 75 yr old mom while her husband was dying even though they were wrong. my sister didn't believe me and talked to them and now she hates them. they make it impossible for you to set up auto pmt of CC so they can fee you to death. that is before they screwed so many customers and made national headlines for fraud. top down bad! My mortgage was sold to WF and i just about died. no issues yet but still going to pay it off early so fingers crossed they don't screw me somehow.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Terrible
They consistently close over an hour early, there are tons of hidden fees, they will charge you so much. Plus half the time they hold your checks for multiple days. Terrible bank will be switch banks!
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.