Would you like to check out a detailed review of Wells Fargo Premier Checking? Responsible Economy has conducted a thorough analysis of its features, including fees, interest rates, requirements, and everything you need to know. You can also find a comparison of the top checking accounts and an informative video.
Video Wells Fargo Premier checking
First, we present a video showcasing all the features of Wells Fargo Premier Checking. If you enjoy our content, feel free to subscribe to our YouTube channel to show your support and receive daily videos as well.
Features
In this initial section, we provide a detailed overview of the features:
Fees
Premier Checking has a commission of $35 per month unless you have more than $250,000 in your checking account. For this reason, this account is not recommended unless you have saved an amount greater than $250,000 and that you are not going to use.
Minium deposit
The minimum initial deposit to open the account is $25, but keep in mind that if your balance falls below $250,000, you will be subject to monthly fees.
Overdraft services
This Wells Fargo account offers overdraft services, but please note that fees will apply.
ATMs
There are no commission charges for withdrawals made at any ATM, whether it is a Wells Fargo ATM or not.
Zelle
You can conveniently send and receive money using Zelle, ensuring fast and secure transactions.
Summary table
Here is a summary table with these features:
Feature | Premier Checking Account |
---|---|
Fees | $35 per month unless balance exceeds $250,000 |
Minimum Deposit | $25 |
Overdraft Services | Available with applicable fees |
ATMs | No charges for withdrawals at any ATM |
Zelle | Conveniently send and receive money using Zelle |
Requirements
To be eligible for Wells Fargo Premier Checking, you must meet the following requirements:
- Age requirement: You must be 18 years or older (19 years in Alabama).
- Residency: You need to reside in the United States and be able to provide proof of your residency.
- Minimum balance: To avoid monthly fees, you must maintain a balance of more than $250,000 in your bank account.
- US phone number: You must have a valid US phone number.
Pros
We have compiled a list of the advantages of the Wells Fargo Checking Account:
- Access to high-interest rate CDs: With the Wells Fargo Checking Account, you have the opportunity to access certificates of deposit (CDs) that offer competitive interest rates, allowing your savings to grow at a higher rate.
- User-friendly mobile app: Wells Fargo provides a well-designed and easy-to-use mobile app. The app allows you to conveniently manage your account, track transactions, make transfers, and perform other banking activities from your smartphone or tablet.
Cons
Here is a list of the disadvantages of the Wells Fargo Checking Account:
- High minimum balance requirement: To avoid paying monthly commissions of $35, you need to maintain a balance of more than $250,000 in your account. This requirement may be difficult to meet for many customers, making the account less accessible.
- Low interest rates: The Wells Fargo Checking Account typically offers low-interest rates on the funds deposited. This means that your money may not earn significant returns compared to other investment or savings options.
Best checking accounts in 2023
Here is a comparison of Wells Fargo Premier Checking with some of the best checking accounts available 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 checking accounts
We have made a video explaining the best checking accounts in the United States:
Video with the features of the Wells Fargo checking accounts
We have also made a video with the features of Wells Fargo checking accounts:
Conclusion and opinions
After the review conducted, our conclusion is that Wells Fargo Premier Checking is not a competitive account because it requires a balance exceeding $250,000 to avoid monthly maintenance fees, and the interest rate it offers is very low.
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 |
Frequent questions
Now we are going to answer all the questions you may have about Premier Checking:
Other Wells Fargo Products
Here we present a list of all Wells Fargo products:
How to open Premier Checking Wells Fargo?
To open the Wells Fargo Premier Checking account, you may need to schedule an appointment with a Wells Fargo banker. This is particularly important if you are considering depositing a significant amount of money into the account, as it may require additional documentation and verification. The appointment will allow the banker to assist you in the account opening process and address any questions or concerns you may have. It is recommended to contact Wells Fargo directly to schedule an appointment and ensure a smooth account opening experience.
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Updated the day 1 September, 2023 by Alfredo Barandiarán

Alfredo Barandiarán is not only passionate about finance and the economy, but also has more than 10 years of experience helping people find the best possible financial product. He has worked for 5 years at Iahorro and 2 years at Atrapacrédito. He has currently been running the financial comparator Responsible Economy for 3 years. I graduated in business from Complutense University of Madrid and has studied at ESIC and CEF. You can see all the professional experience of Alfredo Barandiarán on his LinkedIn profile