Wells Fargo Everyday Checking

Do you want to see a comprehensive review of the Wells Fargo Everyday Checking account? Responsible Economy has analyzed all its features: fees, interest rates, requirements, and everything you need to know about the Wells Fargo Everyday Checking account. You can also find 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 present all the features of Everyday Checking:

Fees

There is a monthly fee of $10, unless you meet one of the following requirements:

• Maintain an average balance of $500 in the account.
• Have monthly direct deposits totaling $500 or more.
• Link a Wells Fargo Campus ATM or Campus Debit Card.
• Primary account owner is between 17 and 24 years old.

Minimum Deposit

There is no minimum deposit required to open the account, but you will need to deposit $25 at the time of opening.

Overdraft Services

Wells Fargo provides a bank overdraft service. Please note that there are high fees associated with overdrafts.

Zelle

You can use the Zelle service to send and receive money instantly.

Bonus

Wells Fargo offers a $300 bonus when you make a qualifying direct deposit of over $1,000 within the next 3 months.

Interest Rate

Everyday Checking does not offer any interest.

Summary table

We have created a summary table with all the features of Wells Fargo Everyday Checking:

Feature	Description
Fees	Monthly fee of $10, unless you meet one of the following requirements:
	– Maintain an average balance of $500 in the account.
	– Have monthly direct deposits totaling $500 or more.
	– Link a Wells Fargo Campus ATM or Campus Debit Card.
	– Primary account owner is between 17 and 24 years old.
Minimum Deposit	No minimum deposit required to open the account, but a $25 deposit is needed at the time of opening.
Overdraft Services	Wells Fargo provides a bank overdraft service, but please note that there are high fees associated with overdrafts.
Zelle	You can use the Zelle service to send and receive money instantly.
Bonus	Wells Fargo offers a $300 bonus when you make a qualifying direct deposit of over $1,000 within the next 3 months.
Interest Rate	Everyday Checking does not offer any interest

Comparison of the best checking accounts in The United States

We have compiled a comparison of the best checking accounts available to open in the United States in 2023:

Video with the best banks to open a checking account in 2023

We have also created a video featuring the best banks to open a checking account:

Pros

We have compiled a list of the advantages offered by the Wells Fargo account:

• Easy to avoid fees and commissions
• Excellent mobile app functionality
• Extensive network of nearly 12,000 ATMs across the United States
• Well-performing Wells Fargo CDs (Certificate of Deposit)
• Welcome bonus of $300

Cons

Now we will show you a list of all the disadvantages:

1. Very low interest rates.
2. $10 monthly commission if the requirements are not met.
3. Fees for non-Wells Fargo ATM withdrawals.”

Requirements

he requirements to open a Wells Fargo Everyday Checking account are as follows:

• Age: You need to be over 17 years old. If you are just 17 years old, you will have to visit a Wells Fargo branch to open the account.
• Residency: You must reside in the United States and be able to provide proof of your residency.
• Initial Deposit: You are required to deposit $25 at the time of opening the bank account.
• Social Security Number: You need to have a valid 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 fees, it has a large number of ATMs and branches, and it offers a $300 welcome bonus. However, the interest rate offered on savings accounts and certificates of deposit needs significant improvement as the rates are very low.

Video Wells Fargo checking accounts

We have created a comprehensive video detailing all the features of Wells Fargo checking accounts.

Learn more about Wells Fargo

We have created a table with general information about Wells Fargo.

Information	Description
Web	https://www.wellsfargo.com/
Facebook	https://www.facebook.com/wellsfargo/
Linkedin	https://www.linkedin.com/company/wellsfargo/
Twitter	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.
  • Well Fargo Premier Checking review.
  • Wells Fargo prime Checking review.
  • Wells Fargo Clear Access Banking review.

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Updated the day 1 September, 2023 by Alfredo Barandiarán