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:

FeatureDescription
FeesMonthly 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 DepositNo minimum deposit required to open the account, but a $25 deposit is needed at the time of opening.
Overdraft ServicesWells Fargo provides a bank overdraft service, but please note that there are high fees associated with overdrafts.
ZelleYou can use the Zelle service to send and receive money instantly.
BonusWells Fargo offers a $300 bonus when you make a qualifying direct deposit of over $1,000 within the next 3 months.
Interest RateEveryday Checking does not offer any interest
features of Wells Fargo Everyday Checking

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:

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 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.

Wells Fargo Checking accounts

Learn more about Wells Fargo

We have created 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

Anothers products of Wells Fargo

Here is a list with more information on other Wells Fargo products:

Related content

Finally, we show you related content about checking accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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