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).

• 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 $1500 or have a monthly direct deposit of $500.
• $25 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• 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.

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.

What fees does Wells Fargo Everyday Checking Account charge?

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

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.