Do you want to know all the checking accounts you can open with Wells Fargo? Responsible Economy provides an in-depth analysis of the various types of checking accounts available at Wells Fargo. We also offer a comparison of the best checking accounts you can open in the United States, along with an informative video. Welcome to Responsible Economy!
Video with the Wells Fargo checking accounts
Here’s an informative video detailing all the checking accounts you can open with Wells Fargo. We appreciate your support, so please consider subscribing to our channel to receive daily updates and valuable information.
Types of bank accounts you can open with Wells Fargo
With Wells Fargo, you have the option to open up to four different types of checking accounts. We provide you with a list of all the accounts below:
- Clear Access Banking
- Prime Checking
- Everyday Checking
- Premier Checking
Everyday Checking
Wells Fargo’s Everyday Checking is the most popular checking account in Wells Fargo. It has a monthly fee of $10, which can be waived if you meet any of the following requirements:
- Maintain a minimum daily balance of $500.
- Receive $500 or more in qualifying direct deposits.
- The primary account owner is between 17 and 24 years old.
- Have a linked Wells Fargo Campus ATM Card or Campus Debit Card (for college students). There is no minimum deposit required to open the account, but you will need to deposit $25 upon opening. This account also offers a bank overdraft service. The only requirement to open the account is being over 18 years old.
For more information, you can find a review of Wells Fargo Everyday Checking.
Clear Access Banking
Clear Access Banking has a monthly fee of $5, which can be avoided if the account holder is between 13 and 24 years old. It does not require a minimum deposit, although a $25 deposit is needed to open the account.
It does not offer a bank overdraft service, but if needed, you must replace the funds immediately. To open this bank account, you must be 13 years or older (teens aged 13-16 require an adult co-owner).
For more information, you can find a review of Wells Fargo Clear Access Banking.
Prime Checking
Prime Checking has a $25 monthly fee that can only be waived if you meet one of the following two requirements:
- Maintain a balance of more than $20,000 in Wells Fargo checking accounts.
- Have a combined balance of more than $250,000 in all Fargo checking accounts, savings accounts, and bank deposits.
There is no minimum deposit required, but you need to deposit at least $25 when opening the account. To be eligible for this account, you must be over 18 years old. It also includes an overdraft service.
The main benefits of this account are:
- Earn interest on your deposited funds.
- Avoid fees on non-Fargo ATMs.
- Receive a discount on loan interest.
- No commissions for incoming bank transfers.
For more information, you can refer to the Wells Fargo Prime Checking review.
Premier Checking
Premier Checking charges a $35 monthly fee unless the combined balance of all bank accounts linked to Wells Fargo exceeds $250,000. There is no minimum deposit required, but you need to deposit at least $25 to open the account. It includes a bank overdraft service, and you must be over 18 years old to open the account.
The benefits of Premier Checking include:
- Competitive interest rates.
- No fees on incoming and outgoing transfers.
- No fees for withdrawals at non-Wells Fargo ATMs.
- Additional benefits on bank checks.
For more information, you can refer to the Wells Fargo Premier Checking review.
Pros
We have made a list with all the advantages that Fargo checking accounts have:
- High number of bank branches
- High number of ATMs throughout the United States
- It’s easy to avoid monthly fees
- Opening the current account is very easy
- The mobile app works very well
Cons
Now is the time to analyze all the disadvantages:
- Very low interest rates
- Fees on Non-Wells Fargo ATM Withdrawals
Requirements
The requirements to open an account with Wells Fargo are as follows:
- Live in the United States
- Have a Social Security number
- Have an American phone number
- The minimum age to open an account is 13 years
- Make a minimum initial deposit of $25
Video with the best banks to open a checking account
We have also made a video with the best banks to open a checking account:
Here is a summary table with all the Wells Fargo bank accounts
We have created a summary table with all the features of the checking accounts offered by Wells Fargo:
| Account Type | Monthly Fee | Waivable Fee Conditions | Minimum Deposit | Overdraft Service | Age Requirement |
|---|---|---|---|---|---|
| Everyday Checking | $10 | $500 minimum daily balance, $500 or more in qualifying deposits, Primary account owner 17-24 years, Wells Fargo Campus Card | None | Yes | 18+ |
| Clear Access Banking | $5 | Holder age 13-24 | None | No | 13+ (teens need adult co-owner) |
| Prime Checking | $25 | $20,000 in Wells Fargo checking or $250,000 in all accounts | None | Yes | 18+ |
| Premier Checking | $35 | $250,000 in linked bank accounts | None | Yes | 18+ |
Pros
We have compiled a list of the advantages of Wells Fargo checking accounts:
- Extensive network of bank branches
- Wide availability of ATMs across the United States
- Easy to avoid monthly fees
- Simple account opening process
- Efficient and user-friendly mobile app
Cons
Now let’s discuss the drawbacks:
- Very low interest rates
- Fees for Non-Wells Fargo ATM withdrawals
Requirements
To open an account with Wells Fargo, the following criteria must be met:
- Residency in the United States
- Possession of a Social Security number
- Ownership of an American phone number
- Minimum age requirement of 13 years
- Minimum initial deposit of $25
Best banks to open a checking account
We have conducted a comparison of the best checking accounts available in 2023.
- It is very easy to avoid monthly commissions
- Welcome bonus of 200 dollars fulfilling conditions
- More than 16,000 ATMs in the United States
- $25 minimum deposit
- Very low interest rates
- It is very easy to avoid monthly commissions
- More than 16,000 ATMs in the United States
- $100 minimum deposit
- No welcome bonus
- High interest rates if you have a lot of savings
- It is very easy to avoid monthly commissions
- Nearly 12,000 ATMs
- $25 minimum deposit
- Welcome bonus of 300 dollars fulfilling conditions
- High interest rates on CDs
- No fees and no requirements
- Nearly 60,000 ATMs
- Welcome bonus of 250 dollars fulfilling conditions
- High interest rates on CDs
- No fees no direct deposits
- Fee-free withdrawals from ATMs around the world
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
- No fees no direct deposits
- More than 60,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on Savings
- No fees no direct deposits
- More than 50,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs and Savings
- Commissions of $10 if you do not meet requirements
- No fees at Citibank ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
More information about Wells Fargo
We have created a table with relevant information about Wells Fargo:
| Information | Description |
|---|---|
| Web | https://www.wellsfargo.com/ |
| Phone number | 1-800-869-3557 |
| https://www.facebook.com/wellsfargo/ | |
| https://www.linkedin.com/company/wellsfargo/ | |
| https://twitter.com/wellsfargo/ |
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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