Wells Fargo operates as the third-largest bank in America with approximately 4,500 branches. After past controversies, the bank has refocused on customer service and simplified its product lineup. Here's what you need to know about banking with Wells Fargo today.
Wells Fargo Checking Accounts
Everyday Checking
The standard account carries a $10 monthly fee with multiple waiver options:
- $500+ monthly direct deposits
- $1,500+ minimum daily balance
- Linked Wells Fargo Campus ATM or Campus Debit Card
- Primary account holder age 17-24
Everyday Checking includes unlimited check writing, online bill pay, and mobile banking with Zelle integration.
Clear Access Banking
This checkless account has a $5 monthly fee with no overdraft fees. Designed for customers who prefer debit card transactions and want fee predictability.
Prime Checking
Premium checking at $25 monthly requires $20,000+ combined balances to waive. Benefits include no non-Wells Fargo ATM fees, free cashier's checks, and relationship rate discounts.
Premier Checking
The top tier requires $250,000+ in combined balances. Includes dedicated banker access, premium services, and the highest level of banking support.
Wells Fargo Savings Options
Way2Save Savings
Basic savings with a $5 monthly fee, waived with $300+ balance or linked checking with automatic transfers. Interest rates are minimal—online banks offer significantly better returns.
Platinum Savings
For higher balances, Platinum Savings offers tiered rates that increase with larger deposits. The $12 monthly fee requires $3,500 balance to waive.
Wells Fargo CDs
CD terms range from 3 months to 5 years. Special CD offers occasionally provide competitive rates, but for the best CD rates, compare with online bank CDs.
Digital Banking Features
Wells Fargo's digital platform includes:
- Control Tower for card management
- Mobile deposit with flexible limits
- Spend tracking and budgeting
- LifeSync for financial planning
- Turn Card On/Off feature for security
Wells Fargo Credit Cards Integration
Banking customers can benefit from pairing accounts with Wells Fargo credit cards. The Active Cash card earns unlimited 2% cash back with no annual fee—solid for everyday spending.
Fee Structure
Important fees:
- Overdraft: $35 per item (max 3 per day)
- Non-Wells Fargo ATM: $2.50 per transaction
- Wire transfers: $25-30 for domestic
- Stop payment: $31 per item
Branch and ATM Network
Wells Fargo operates over 11,000 ATMs, and the branch network covers most major markets. This extensive presence benefits customers who need in-person banking services.
Is Wells Fargo Right for You?
Wells Fargo suits customers who value branch access, can meet monthly fee waivers, and want a traditional full-service bank. The digital tools are solid, and the credit card lineup offers good options.
For fee-free banking or better savings rates, explore online banking alternatives.
Learn more at WellsFargo.com
