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.

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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

HSBC

Online Savings Account

NerdWallet Rating

at HSBC,

Member, FDIC

APY

2.30%

Monthly Fees

$0

Bonus features

Competitive APY

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
Incorrect deposits
Wells Fargo has a great app, so I thought. I use the mobile deposit, to deposit the check, and it wouldn’t deposit successfully so, I went to the branch to deposit the check. (This check was from another account of mine) Wells Fargo deposited the check into my account twice! Once through the branch store and once through the mobile, even after I had the email confirmation it wasn’t successful AND the app also told me it wasn’t successful. Wells Fargo NEVER fixed the issue, even after I requested several orders. I had to withdrawal money, and put it back into the other account. After that happened I figured, ok I’ll just only take my checks to the branch. WELL DONT DO THAT. The deposited my check, THE COMPLETE wrong amount. Thousands of dollars short. Let’s see how long it takes for them to fix this. Never been so disappointed with the carelessness. Unfortunately, we need money... all of us. Wish they would stop being so careless.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
invest advisors are corrupt
The representative bought 10 shares of a stock to collect purchase fees, and sell fees. why would you buy only 10 shares at a time unless you were only about the buy/sell fees?? I was charged over 5900 to collect my inheritance money. minninum charge was 62 dollars per transaction. plus my mother was chgd 3% for this. never ever use this company. put the money in a slot machine, you'll get more. NEVER EVER USE WELLS FARGO unless you want to throw money away.
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