Wells Fargo Everyday Checking

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

We have made a video with everything you need to know about Wells Fargo Everyday Checking. If you like our content, subscribe to support us and receive videos every day.

YouTube video

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:

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 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:

YouTube video
Wells Fargo Checking accounts

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

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 bank accounts:

Updated the day 12 May, 2023 by Alfredo Barandiarán

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