Image: Young woman sitting in front the bank, accessing her Wells Fargo checking account on her mobile phone. Show
Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when posted. Wells Fargo Everyday Checking accounts at a glance
Wells Fargo offers several different types of checking accounts.
In this review, we’ll focus on Wells Fargo Everyday Checking. 5 things to know about Wells Fargo Everyday Checking1. Multiple ways to avoid the monthly maintenance feesWhile Wells Fargo Everyday Checking isn’t a free checking account, you can avoid paying the $10 per month maintenance fee if you meet at least one of the following requirements each billing period:
The fee is also waived for primary account owners who are ages 17 to 24 years old. 2. Access to multiple financial products and servicesIn addition to offering the ability to open checking accounts, Wells Fargo also offers a wide range of financial products and services, including savings and CDs, credit cards, personal loans, home loans, auto loans, investing and more. It also offers business banking services. Some customers appreciate the convenience of having a “one-stop shop” banking option. 3. No interest checking or rewards programWells Fargo Everyday Checking accounts do not pay interest on balances. If you’re planning to maintain a large balance in your checking account, you may be better off choosing an interest checking account instead. Some competitors also offer cash-back rewards programs for checking account holders. But you won’t find this at Wells Fargo. 4. Potential trust issuesOpening an account at Wells Fargo may give you pause because of several scandals in recent years. For example, the company agreed to pay a $3 billion settlement to resolve criminal charges arising from Wells Fargo employees fraudulently opening customer accounts to meet sales goals between 2002 and 2016. Also, in 2021, the bank admitted to overcharging and providing false information to commercial customers, resulting in a $72.6 million settlement and civil penalties. 5. Easy banking accessBecause of the large number of brick-and-mortar branches and ATMs, it’s easy to access Wells Fargo’s banking services from many places in the U.S. Access to online banking allows you to take care of most transactions at any time, from wherever you happen to be, and you can also reach a Wells Fargo representative online or over the phone 24 hours a day, seven days a week. Is Wells Fargo checking free?None of Wells Fargo’s checking accounts is free. Monthly account maintenance fees range from $5 to $35, depending on the account type — though you can avoid these fees by meeting certain requirements. What is the minimum opening balance for a checking account at Wells Fargo?To open a checking account with Wells Fargo, you must deposit at least $25. Not sure if Wells Fargo checking is right for you? Consider these alternatives.
About the author: Beth Deyo is a personal finance freelance writer with a bachelor's degree in Finance from the University of South Florida. She is also a Certified Financial Planner™ with 14 years of wealth management experience. She … Read more. What different accounts Does Wells Fargo have?Wells Fargo checking accounts. What are the 5 types of checking accounts?Types of checking accounts. Traditional checking account. These normally offer checks, a debit or ATM card and online bill pay options. ... . Student checking account. ... . Senior checking account. ... . Interest-bearing account. ... . Business checking account. ... . Checkless checking. ... . Rewards checking. ... . Private bank checking.. What are the 4 types of bank accounts?Different Types of Bank Accounts. Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others. ... . Savings account. ... . Salary account. ... . Fixed deposit account. ... . Recurring deposit account. ... . NRI accounts.. Does Wells Fargo have checking accounts?You can apply online or in person: In just minutes you can apply through Wells Fargo Online® for a checking or savings account, credit card or loan. Or visit a Wells Fargo branch near you.
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