Wells Fargo Clear Access Banking

Would you like to know all the features that Wells Fargo Clear Access Banking offers? Responsible Economy analyzes Wells Fargo Clear Access Banking and compares it with the best checking accounts you can open in the United States. Welcome!

Video Clear Access Banking

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Features

We are going to show one by one all the features of Clear Access Banking:

Fees

The bank account has a monthly fee of $5, unless the primary account holder is between 13 and 24 years old. There are no other ways to avoid this fee.

Minimum deposit

There is no mandatory minimum deposit, but you need to deposit $25 when opening the account.

Overdraft Services

This bank account does not offer overdraft services. If you require this service, you can explore other Wells Fargo checking accounts, as most of them do offer it.

Zelle

You have access to the Zelle service for instant money transfers.

Summary table

Here is a summary table with these features:

FeatureBank Account
Fees$5 per month, unless primary account holder is between 13 and 24 years old
Minimum Deposit$25 to open the account
Overdraft ServicesNot available
ZelleAccess to Zelle service for instant money transfers
Clear Access Banking features

Requirements

The requirements to open Clear Access Banking are as follows:

  • You must be over 13 years old. Those between 13 and 17 years old must open the account at a branch, and those between 13 and 16 years old need a co-owner who is of legal age.
  • Reside in the United States.
  • Have an American phone number.
  • Have a social security number.

Documents

Here are the documents you need to present when opening Clear Access Banking. You must provide one of the following identity verification documents:

  • State-issued or U.S. territory driver’s license
  • State-issued or U.S. territory ID card
  • Passport
  • U.S. Armed Forces ID
  • Permanent resident card
  • Employment authorization card
  • Tribal identification issued by a federally recognized U.S. tribal government

Additionally, you need to provide one of the following documents:

  • Employee ID
  • Student ID
  • Credit card
  • ID issued by a recognized business or government agency

Fees

As mentioned previously, there is a monthly fee of $5 that can be waived only if the primary account holder is between the ages of 13 and 24.

Pros

We have compiled a list of the advantages of Clear Access Banking:

  • Individuals under 25 years of age can open the account without any commission or additional requirements.
  • Access to over 12,000 Wells Fargo ATMs across the United States.
  • One of the best financial mobile applications.

Cons

There are a few drawbacks to consider:

  • Fees for non-Wells Fargo ATM withdrawals.
  • Monthly fees if you don’t meet certain requirements.
  • Very low interest rates.

Best banks to open a checking account

We have compared Wells Fargo Clear Access Banking with the best checking accounts you can open in 2023.

Logo Chase
  • 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
Bank of America logo
  • 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
Wells Fargo logo
  • 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
Logo Sofi
  • No fees and no requirements
  • Nearly 60,000 ATMs
  • Welcome bonus of 250 dollars fulfilling conditions
  • High interest rates on CDs
Charles-Schwab-Logo
  • No fees no direct deposits
  • Fee-free withdrawals from ATMs around the world
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs
Chime checking account Logo
  • No fees no direct deposits
  • More than 60,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on Savings
Ally logo
  • 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
Citibank-logo
  • 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

Video with the best checking accounts

We have made a video explaining the best checking accounts you can open in The United States:

Video with Wells Fargo checking accounts

Here is a video with all the features of Wells Fargo checking accounts:

How to open a Clear Access Banking

The process for opening this bank account depends on your age:

  • Individuals aged 18 and above can open the account both online and at bank branches.
  • Individuals between the ages of 13 and 17 need to visit a bank branch to open the account, and they must have a co-owner who is of legal age.
  • Individuals between the ages of 13 and 17 need to visit a bank branch to open the account, and they must have a co-owner who is of legal age.

Frequent questions

You can see here all the questions you ask us about Wells Fargo Clear Access Banking:

Learn more about Wells Fargo

We have made a table with general information about Wells Fargo:

InformationDescription
Webhttps://www.wellsfargo.com/
Facebookhttps://www.facebook.com/wellsfargo/
LinkedInhttps://www.linkedin.com/company/wellsfargo/
Twitterhttps://twitter.com/wellsfargo/
Phone1 (800) 869-3557
Information about Wells Fargo

Other Wells Fargo Products

Here we present a list of all Wells Fargo products:

Conclusion

After conducting a thorough analysis and comparing it with the best bank accounts, we can conclude that Clear Access Banking is primarily recommended for individuals under 24 years of age who do not have a monthly income.

Finally, we show you related post about Wells Fargo:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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