- Fee-free Wells Fargo Personal Wallet checks, cashier’s checks and money orders
- One overdraft Protection fee from an eligible, linked savings account is waived per fee period
- Discounts on interest rates on select new loans and lines of credit
Account-holders who keep a qualifying balance of more than $250,000 also have fees waived on incoming wires, stop payments and Overdraft Protection transfers, as well as unlimited reimbursement of out-of-network ATM fees within the U.S and worldwide.
Finally, Portfolio customers are also granted access to Wells Fargo advisors for investment guidance, as well as discounts on the Wells Fargo Intuitive Investor account and the WellsTrade Online and Mobile Brokerage.
Young people looking for an opportunity to manage their own money might consider Wells Fargo Clear Access Banking SM . It’s available for minors aged 13 to 16, with an adult co-owner.
Like the other checking accounts on this list, Clear Access BankingSM comes with a debit card that the account-holder may use for spending and ATM withdrawals. You can set up alerts to notify you of certain account activities.
The account can be opened with a $25 minimum deposit and the $5 monthly fee can be waived if the primary account holder is 13-24 years old.
Certificates of Deposit (CDs)
Wells Fargo offers several different CD products and there are some bonus APY offers for Portfolio by Wells Fargo account-holders.
Credit Cards
Wells Fargo offers credit cards that can meet nearly any banking or credit need, from cash-back cards to rewards cards to cards that are well-suited to balance transfers. Here are some of the cards that Wells Fargo offers:
- Wells Fargo Active Cash SM Card
- Wells Fargo Propel American Express Card
- Hotels Rewards Visa Credit Card
- Wells Fargo Platinum Card (As of , Wells Fargo is no longer accepting applications for this card, but the bank now offers a similar card: Wells Fargo Reflect.)
In addition to deposit accounts and credit cards, Wells Fargo also offers the following products and services to its customers:
- Car loans
- Purchase mortgages
Wells Fargo Customer Service
Beginning in 2016, a seemingly endless series of scandals beset Wells Fargo: the creation of phony accounts, the unauthorized purchase of insurance policies for clients, improper auto-loan and mortgage practices, and installment loans for bad credit the alteration of customer data, which were only admitted to after investigations by journalists and regulators. Wells Fargo has paid billions in government fines, criminal and civil lawsuit settlements, and restitution to injured parties. Nevertheless, it seems likely that the revelations of the bank’s malfeasance continue to tarnish its image in a skeptical public’s eyes. According to the 2021 J.D. Power and Associates Retail Banking and Satisfaction Study, Wells Fargo ranks below the average satisfaction level in every region except Lower Midwest.
How to Bank with Wells Fargo
Potential customers can open a new Wells Fargo account online or in a bank branch. Applying for an account online also provides an instant application status response.
Once you are set up with a Wells Fargo account, you can take care of your banking needs online and with the mobile app.
Customers looking for a well-established and well-rounded financial institution may do well with Wells Fargo. Not only does this bank possess a large geographic footprint, but it also has every type of account, product and service you may need – a true one-stop banking shop. Add in the fact that you can enjoy some relationship bonuses for linking multiple accounts or products under the Wells Fargo umbrella and this institution is a clear winner for anyone who values efficiency and streamlined banking experience. That said, Wells Fargo has not yet earned back the public’s trust after the revelations from 2016 to 2018, of a series of systemic fraudulent practices that victimized its own clients for nearly two decades. While the bank is working to correct its course – in , it agreed to pay $3 billion in fines to settle a civil lawsuit and resolve a Justice Department criminal prosecution – consumers might understandably like to wait and see if any more ugly shoes drop before trusting their money to this institution. Unless Wells Fargo can offer more tempting interest rates or find other ways to distinguish its products, its dented reputation – coupled with lackluster rates – makes it a less-enticing option for anyone who is not looking specifically for convenience.