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  Wells Fargo Everyday Checking Account

Wells Fargo Everyday Checking Account

in Checking Accounts from Wells Fargo Bank · Member fdic

Unaffiliated

Wells Fargo Everyday Checking Account

Unaffiliated

in Checking Accounts from Wells Fargo Bank · Member FDIC

SuperMoney Net Recommendation Score -16%

SUPERMONEY NET RECOMMENDATION SCORE

-16

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly not recommended

13 users recommend
5 users are unsure
19 users don't recommend
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Highlights
Community Rating Mostly not recommended
Monthly Fee $0 - $10
ATM Fee: Out-of-Network $2.50
Minimum Balance to Avoid Monthly Fee $1,500
APY (Annual Percentage Yield) 0%
Number of Reviews 37

Wells Fargo Everyday Checking Account Review

Wells Fargo Everyday Checking Account is offered by Wells Fargo Bank, a bank founded in 1852 and based in San Francisco, CA. Wells Fargo Everyday Checking Account is available in 50 states (and Washington, DC).

Key Takeaways
  • 0% APY. As with most checking accounts, Wells Fargo Everyday Checking Account does not pay interest.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $10, but the fee is waived if you keep a minimum balance of $1,500, have a monthly direct deposit of $500, or $1,500 combined balance accross eligible accounts..
  • $25 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
  • No ATM fees. Wells Fargo Everyday Checking Account does not charge fees on ATM transactions.
  • Free bill pay. Pay your bills to practically anyone in the United States through Wells Fargo Bank.
  • Hard credit pull. Wells Fargo Bank may require a hard pull on your credit report to open a checking account.
Wells Fargo Everyday Checking Account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Access to physical branches.
  • Free debit card
  • No signup bonus.
  • Does not earn interest
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
  • Charges a higher than average fee on out-of-network ATM transactions.
Wells Fargo Everyday Checking Account FAQ

Are checking accounts from Wells Fargo Bank federally insured?

Yes, your Wells Fargo Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Wells Fargo Everyday Checking Account offer?

Wells Fargo Everyday Checking Account is not an interest-bearing account.

What are the account minimums for Wells Fargo Everyday Checking Account?

Wells Fargo Everyday Checking Account requires a minimum initial deposit of $25 to open an account.

Wells Fargo Everyday Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $25
Minimum Combined Balance to Avoid Monthly Fee $1,500
Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Balance to Avoid Monthly Fee $1,500

What fees does Wells Fargo Everyday Checking Account charge?

This account charges a monthly maintenance fee of up to $10.

Wells Fargo Everyday Checking Account Fees
Description
ATM Fee: In-Network $0
Check Image Service $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $10
NSF Fee $35
Online Bill Pay Fee $0
Overdraft Item Fee $35
Overdraft Protection Fee (per transfer) $12.50
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $12
Returned Deposit Fee (International) $12
Stop Payment Fee $31
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $16
Wire Transfer Fee - International (Outgoing) $40
ATM Fee: Out-of-Network $2.50

What features and perks does Wells Fargo Everyday Checking Account offer?

This account includes the following features:

  • Fraud monitoring - Wells Fargo Everyday Checking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Wells Fargo Everyday Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Combined Balance to Avoid Monthly Fee $1,500
Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Initial Deposit $25
Minimum Balance to Avoid Monthly Fee $1,500
ATM Fee: In-Network $0
Check Image Service $0
Debit Card Replacement Fee $0
Early Account Closure $0
Online Bill Pay Fee $0
Paper Statement Fee $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $10
NSF Fee $35
Overdraft Item Fee $35
Overdraft Protection Fee (per transfer) $12.50
Returned Deposit Fee (Domestic) $12
Returned Deposit Fee (International) $12
Stop Payment Fee $31
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $16
Wire Transfer Fee - International (Outgoing) $40
ATM Fee: Out-of-Network $2.50
Bank Account Features
  • Bauer Financial A+/A Rating
  • Branch Access
  • Debit Card
  • FDIC Member
  • Fraud Monitoring
  • Fraud Protection
  • Free Bill Pay
  • IRAs
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees

Wells Fargo Everyday Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-16

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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