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
Just the worst
They do not care about their customer. Just a big fake advertisement
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Billpay is terrible
I've banked with Wells Fargo for many years and their bill pay was actually very good. They recently changed to a new app and the current one is a huge time-waster both online and mobile. Their billpay app is not for anyone who has more than three bills to pay in a month. Over the months it has taken to make this transition, they have made no improvements and it is absolutely hair-raising to try and do my banking with Wells Fargo. Looking for a new bank. I used to really like Wells Fargo. Sad.
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