at Wells Fargo,

Member, FDIC

Pros

13,000 free ATMs and about 5,700 branches.

Cons

0.01% APY on standard savings account; better rates available elsewhere.
$35 overdraft fee can be charged three times daily.

At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here’s how we make money.

Overall

3.5

Megabank, credit card 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 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 Jan. 10, 2019.

Checking

4.0

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.

 

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

How does Wells Fargo compare?

Wells Fargo

Way2Save Savings

NerdWallet Rating

APY

0.01%

Monthly Fees

$5

Bonus features

2,000+ branches

Live help 24/7

Goldman Sachs Bank USA

Online Savings

NerdWallet Rating

at Goldman Sachs Bank USA,

Member, FDIC

APY

2.25%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

American Express National Bank

High Yield Savings Account

NerdWallet Rating

at American Express National Bank,

Member, FDIC

APY

2.10%

Monthly Fees

$0

Bonus features

Competitive APY

Live help 24/7

No Monthly Fee

Not for you? Read more bank reviews
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
Wells Fargo Steals Your Money
My WF credit card was about 6 months ago, and they caught it very quickly and replaced my card. So far so good. But when I went online to check the status of my card it was no listed. For the next 3 months, whenever I went to try to pay my credit card bill the website claimed I had no such account. When I finally got that fixed, they restored my account only for it to be closed for non-payment. I made arrangements over the phone to pay down the balance, but at the start of the month when my bill is normally due the online statement claimed I had a different amount due, which I subsequently paid. After several days, the WF system updated to show both payments, which left me in the lurch financially. I called WF to refund one of the payments, which they said they could do, although only for the second/online payment. After a week of waiting, I called to check and they said it would take 11 business days to transfer the funds to a different bank's checking account (which in itself is a ludicrous delay). I called after the 11 days had passed, only for them to say that they could refund the phone payment, not the online one. After speaking to another person, they claimed that the finance department was refusing to refund either because the account was closed, WHICH WAS ONLY BECAUSE OF THEIR SCREW-UP. It took 2 weeks and four phone calls to hear back on a decision that their system spit out in two seconds, and now my funds are inaccessible and I don't get to eat this week. WELLS FARGO ARE THIEVES.
Overall
Customer service
Poor
Website / app
Poor
Rates
Fair
Fees
High
Worst bank experience ever!!
Opened a business account here. I get large deposits from Customers. One check I deposited bounced, due to an error by the customers bank. The customer immediately retrieved a new bank check and letter from the bank saying it was their fault, which I submitted to Wells Fargo. At the same time I set up a payment to another customer which was due to go out in a few days. Wells Fargo immediately deducted that amount from my account, causing an overdraft, even though the new customer had not received a payment yet. I had the funds to cover that pmt. Wells Fargo had the audacity to place me under investigation for fraud. Took a week to clear up but the damage to my credit was long term. They set a limit of $2500.00 for mobile deposits (The checks I deposit are typically 2 to 3 times that amount). After a year of dealing with this, I closed my account and went with another bank. When I went to my branch office to close the account I discovered that I was still under a "Fraud Watch". Totally unbelievable from a bank that commits fraud themselves. Don't Use Them!!
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.