Who should consider Wells Fargo? People who can afford the minimum balance to get the monthly fee dropped - which starts at a $500 daily minimum balance. Minimum daily balance to avoid monthly fee May have monthly account and overdraft feesĮarn higher interest for linked checking and savings accounts
However, not all direct deposits are eligible, and this feature can vary from deposit to deposit. 4Įarly Pay Day, the early direct deposit feature, is included with direct deposit, and you can get paid up to two days early. Not enough money in your checking account to cover a transaction? It may cost you $35, and you can get hit with that fee up to three transactions a day. To open an account, you need to fund it with at least $25. 2,3 You can enjoy a higher interest rate for a savings account or a CD if you link your checking account to it. Depending on the account, the monthly fees for Wells Fargo start at $5 and can be as high as $35 unless you fulfill the requirements to avoid them. Wells Fargo has a few different checking account options which come with their own fees. To date, there are about 4,700 locations and more than 12,000 in-network ATMs across the U.S., and Wells Fargo offers everything from checking and savings accounts, credit cards, mortgages, car loans, to personal loans. Wells Fargo is a big bank that has been around since 1852.
