Do you want to see a complete review of Wells Fargo Everyday Checking account? From Responsible Economy we have analyzed all the characteristics: fees, interest rates, requirements and everything you need to know about the Wells Fargo Everyday Checking account. You can also see a comparison of the best checking accounts and an explanatory video. Welcome!
Video Wells Fargo Everyday checking
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Features
In this section we will show all the features of Everyday Checking.
Fees
You have a monthly commission of $10 per month unless you meet one of the following requirements:
- Have an average of 500 euros in the bank account
- Have monthly salary income greater than 500 dollars
- A linked Wells Fargo Campus ATM or Campus Debit Card
- Primary account owner is 17 – 24 years old
Minimum deposit
It is not necessary to have a minimum deposit in the bank account but to open it they will force you to deposit 25 dollars.
Overdraft services
Wells Fargo has bank overdraft service. Remember that having bank overdrafts has very high commissions.
Zelle
You can send and receive money instantly with the Zelle service.
Bonus
Wells Fargo offers a $300 bonus whenever you make a qualifying direct deposit over $1,000 in the next 3 months.
Interest rate
It does not offer any type of interest and also both the savings account and the certificate of deposit offer very low interest rates.
Comparison of the best current accounts in The United States
We have made a comparison with the best checking accounts that we can open in 2023 in The United States:
- 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
Video with the best banks to open a checking account in 2023
We have also made a video with the best banks to open a checking account:
Pros
We have made a list of the advantages offered by this Wells Fargo account:
- It is very easy to avoid commissions
- The mobile app is one of the best
- It has nearly 12,000 ATMs throughout the United States
- Wells Fargo CDs are in very good condition
- Welcome bonus of $300
Cons
Now we show you in a list all the disadvantages:
- Very low interest rates
- Commission of 10 dollars per month if you do not meet the requirements
- Fees for non-Wells Fargo ATM withdrawals
Requirements
The requirements to open Wells Fargo Everyday Checking are as follows:
- Be over 17 years old. If you are just 17 years old you will have to go to a branch
- Reside in the United States and be able to prove it
- Deposit 25 dollars at the time of opening the bank account
- have social security number
Conclusions and opinions
After the review, our opinion is that the Wells Fargo Everyday Checking Account is a competitive account because you can easily avoid commissions, it has a high number of ATMs and branches, and it offers a welcome bonus of $300. On the other hand, the interest rate offered on savings accounts and certificates of deposit has to be greatly improved because the interest rates are very low.
Video Wells Fargo checking accounts
We have made a complete video with all the characteristics of the Wells Fargo checking accounts:
Learn more about Wells Fargo
We have made a table with general information about Wells Fargo:
| Information | Description |
|---|---|
| Web | https://www.wellsfargo.com/ |
| https://www.facebook.com/wellsfargo/ | |
| https://www.linkedin.com/company/wellsfargo/ | |
| https://twitter.com/wellsfargo/ | |
| Phone | 1 (800) 869-3557 |
Anothers products of Wells Fargo
Here is a list with more information on other Wells Fargo products:
- CDs: here you have Wells Fargo Certificate of deposit review.
- Checking accounts: Here you can see all Wells Fargo checking accounts.
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Updated the day 12 May, 2023 by Alfredo Barandiarán
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