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Wells Fargo Checking Accounts Review

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Founded in 1852, Wells Fargo & Company is an American multinational financial services company that provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company serves clients through approximately 8,300 locations and 13,000 ATMs. In addition, Wells Fargo offers online and mobile banking to clients in 42 countries.
 
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How is Wells Fargo rated?

Breakdown

4.3/5
Account Features
3.0/5
Fees and Restrictions
2.5/5
Support, Reputation, and Financials

Overall Rating: 3.4 / 5 (Very good)

Wells Fargo offers a great variety of financial services. The company's account rates and fees are average but its huge network of branches and ATMs make it a convenient choice for many. Also, the bank offers a competitive sign-up bonus for new checking accounts. On the downside, customers must be aware of the company's recent history of misleading customer information and should be diligent about checking their monthly statements.

Wells Fargo Account Features

Account Features - 4.3 / 5

Wells Fargo offers 5 types of checking accounts: Everyday Checking, Preferred Checking, Portfolio by Wells Fargo, Teen Checking, and Opportunity Checking. Everyday Checking is their most popular account and offers many options to avoid the monthly service fee. All five checking accounts offer free mobile and online banking plus access to over 13,000 Wells Fargo ATMs. In addition, Wellsfargo.com provides a checking account guide where customers can compare and learn more about the different checking accounts.
Types of Checking Accounts
Free Checking Accounts
Online Checking Accounts
Student Checking Accounts
Methods of Deposits
Mobile Check Deposit
Physical Branch
Wire Transfer
Online Transfer
Direct Deposit
Integration with Other Online Accounts
Savings
No-Fee ATM
No-Fee at Branded ATMs
ATM Locations
13,000 branded ATMs across the country
Pay Bills Online
Yes
EMV Chip Technology
Yes
Mobile App
Yes

Wells Fargo Fees and Restrictions

Fees and Restrictions - 3 / 5

Even though Wells Fargo is one of three of the country's largest banking companies, its reputation plummeted abruptly since the September 8, 2016 scandal, which involved the bank opening an enormous number of unauthorized retail, deposit, and checking accounts. The company is currently hard at work trying to rebuild its reputation, but we advise customers (old and new) to check their accounts and set up alerts for cards and accounts.

Wells Fargo Support, Reputation, and Financials

Support, Reputation, and Financials - 2.5 / 5

Wells Fargo may be the fourth biggest bank in the US, but consumers are not happy with the revelation of a huge sales-practice scandal in September 2016. In response, the company has begun offering $250 to customers who open a Wells Fargo Everyday Checking Account and meet a simple deposit or spending requirement. However, new customers should be diligent about checking their monthly statements. Due to this scandal, Wells Fargo is no longer accredited by the Better Business Administration.
Trust Pilot Rating
1.9 out of 5
Date Collected
2018-09-07
Standard & Poor's Financial Rating
A-
Moody's Financial Rating
A2

Contact Methods

  • Phone
  • Email
  • Chat

Company Profile

Full Name
Wells Fargo Checking Accounts
Company Website
https://www.wellsfargo.com/
Headquarters
420 Montgomery Street, San Francisco, CA, 94163

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Customer Comments & Reviews

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thuhall6312
2/11/2020
Thief ....when i open account they gave me free check . Now they want to charge

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