Wells Fargo Bank

Overview / Commentary

www.wellsfargo.com

800-869-3557

420 Montgomery Street
San Francisco, CA 94104

Wells Fargo Bank is a publicly traded bank that operates as a subsidiary of Wells Fargo & Company, one of the largest financial holding companies in the world. The bank is one of the largest in the United States as measured by assets as well as deposits. With tens of millions of customers, thousands of retail branches and tens of thousands of ATMs, the bank’s presence is recognized in every state. It offers personal, small business, and commercial banking products and services, in addition to wealth management and investing advising.

On its personal banking side, Wells Fargo offers checking, savings, Money Market, Certificate of Deposit (CD) and IRA accounts, in addition to mortgage and consumer loans. One of its most popular checking account options comes with a debit card, as well as a monthly service fee unless minimum balance requirements are met. The bank pushes its student checking account in a combo package with its savings account to encourage saving, and Wells Fargo partners with colleges to provide students the ability to use its debit card for both on and off campus transactions. Savings account options come with minimal interest rates on basic savings, retirement savings, and even retirement savings accounts. Money Market accounts offered by the bank have a minimum daily balance requirement and come with very low interest rates. CDs are available in term lengths ranging from 3 to 58 months and a step up CD provides a way to increase the rate on a 24-month CD every 6 months for the life of the product.

A private bank is also available to provide customers wealth planning and trust solutions that are tailored to specific investor needs and goals. On its small business side, Wells Fargo offers loans and credit, business insurance, and merchant services like payment processing and tax help.

Wells Fargo Bank online banking is a secure banking platform on which customers can open and manage their accounts. The web-based system provides the ability to complete tasks like Bill Pay, money transfers, online brokerage, account activity viewing, direct deposit, and check image viewing. A mobile website (wf.com) provides an optimized Internet solution for customers to access their accounts from a web browser on any capable device. Mobile banking apps are also available and provide a more sophisticated way to bank on the run from various smartphone and tablet devices.

Wells Fargo Bank was originally established as the Crocker-Citizens National Bank in 1870, before transitioning to its current name in 1986. Since that time, the bank has rapidly acquired many financial institutions and divisions to become one of the largest companies in the world. Wells Fargo corporate headquarters are located in San Francisco, California, while Wells Fargo Bank is headquartered in Sioux Falls, South Dakota. The bank operates through thousands of branches located through the United States.

WFB again offers $525 savings bonus (till April 1) and $325 checking bonus (till April 9), - 2/28/2024

upon prematurely aborting $2500 premier checking bonus offer, expected to be on till April 1. https://accountoffers.wellsfargo.com/savingsbonus/ https://accountoffers.wellsfargo.com/welcomebonus/

Wells Fargo $225 Savings Bonus With $10,000 Deposit - 2/28/2024

Wells Fargo is offering a $225 bonus when you open a new savings account and deposit $10,000 within 30 days. Must maintain the balance through Day 90 from account opening. Offer ends April 9, 2024I hope that their current interest rate of 0.01% on their savings account doesn't break their bank when that extra $.15 gets added to the $225 bonus which I think would be better than 9%. No wonder the big banks offer bonuses. It's likely not easy to entice new customers when their interest rates aren't competitive. https://accountoffers.wellsfargo.com/wfsavingsoffer/?sub_channel=WEB&vendor_code=WF&collateral_code=...

The Premier Checking $2500 bonus is on again, and I planned to go for it upon verifying Well Fargo much criticized integrity by receiving my already earned $525 Savings bonus. - 1/17/2024

Well Fargo failed the test by making false assertions contrary to the bonus disclosure to rob me of the bonus.

View all posts from:

2024
2023
2022
Earlier

2/28 - WFB again offers $525 savings bonus (till April 1) and $325 checking bonus (till April 9),
2/28 - Wells Fargo $225 Savings Bonus With $10,000 Deposit
1/17 - The Premier Checking $2500 bonus is on again, and I planned to go for it upon verifying Well Fargo much criticized integrity by receiving my already earned $525 Savings bonus.
1/5 - 12-Month Promotional Interest Rate

10/24 - Five Years At 5%+
9/13 - 11 Month CD @5% APY At Wells Fargo
3/18 - $525 Savings Bonus Equivalent Interest Rate Up To 12.80%
3/13 - $525 Savings Bonus $25K 90 Days
2/20 - Earn Up To $2500 Bonus With WF Premier Checking

10/31 - Wells Fargo CD Rates Not Half Bad
9/13 - Wells Fargo Leaps Ahead Of Brokered CD Competitors For Multiple Durations (2-Year 3.75%)
8/19 - No More Lollipops At Wells Fargo
2/11 - Wells Fargo Bank Has $300 Bonus For New Checking Customers

Reviews (376)

Great Bank To Do Business With!

Posted by: stephfournier | Jul 20, 2023

My husband and I have been with Wells Fargo for several years and we are extremely happy with them. We have checking, savings and credit cards with them and find the bank to be very easy to deal with. The employees at our branch are friendly and helpful and we wouldn't consider banking elsewhere!

Just Fine For Checking Needs

Posted by: leo_gravioty | Feb 12, 2024

I have been using WF in FL for my daily checking, savings, and bill pay for about 3 months now and have no complaints. The mobile app and online banking are great, and the one interaction I had with my local branch customer service was good. A lot of the complaints I see are related to interest rates, which really don't bother me because I keep the majority of my savings and investments with Fidelity, which pays 4.67% in the government money market fund or 2.67% in the FDIC-insured cash management account.

Comment

After 50+ Years, We're Leaving!

Posted by: hicksfamily2 | Jan 7, 2024

We've been with Wells Fargo before it was Wells Fargo. We opened our account when they were still Kelly Field National bank in about 1965. We recently tried to make our living trust the beneficiary on our account. When we called the first time, we were told that we had to send them a notarized letter and a copy of the trust certificate. We did exactly what they said to do. A couple of weeks later, we received a letter that said we would have to physically go into a Wells Fargo bank to accomplish updating the beneficiary because they need a "wet" signature. However, there are no physical Wells Fargo institutions within 100s of miles. No alternative ways to accomplish it. So we've decided to close the account and as soon as we get our direct deposits moved, they are history.

Wells Fargo Is The Worst!!

Posted by: FukHackers | Apr 17, 2024

20 years i finally convinced my mom to switch banks.. Theres so much to say that i cant even tell you in words except this: THEY HAVE EMPLOYEES THAT ARE FUKIN THIEVES... THEY HAVE NO SECURITY AND IF YOUR ROBBED OR SCAMMED BELIEVE ME THEY WONT HELP IN ANY WAY.... THEY ARE EXTREMELY CORRUPT. AND PLEASE FOR YOUR OWN SAKE DONT USE THERE BROKERAGE ACCOUNTS.. THEY WILL STEAL YOUR MONEY. I have all the proof in the world and they still refuse to help or get back money that has been taken illegaly from us.. Im currently suing them... If you had fraud and they dont help just get a lawyer.

Ps.... No Joke when i say they have crooked employees!!! Rude, assholes!! They just are the worst....

Comment

VIEW MORE REVIEWS

Health

B+

Data as of Q4 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	3511
Year Established	1870
Employees	199715
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.29%
Return on Equity - YTD	13.56%
Annual Interest Income	$78.19B

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$1,733.2B$1,717.5B
Loans	Q4 2023vs Q4 2022	$889.7B$906.3B
Deposits	Q4 2023vs Q4 2022	$1,416.9B$1,420.8B
Equity Capital	Q4 2023vs Q4 2022	$163B$161.4B
Loan Loss Allowance	Q4 2023vs Q4 2022	$14.61B$12.83B
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$9.05B$6.59B
Real Estate Owned	Q4 2023vs Q4 2022	$297MM$207MM

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Wells Fargo Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Wells Fargo Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.51%^*^†	$1m^*	-	Platinum Savings - Standard Interest Rate Bonus
OTHER TIERS: 0.26% → Up to $100k \| 1.02% → $100k - $500k \| 2.01% → $500k - $1m
2.50%^*^†	$1m^*	-	Wells Fargo Retirement High Yield Savings
OTHER TIERS: 0.25% → Up to $100k \| 1.01% → $100k - $500k \| 2.00% → $500k - $1m
2.50%^*^†	$1m^*	-	Business Platinum Savings - Standard Interest Rate
OTHER TIERS: 0.25% → Up to $100k \| 1.01% → $100k - $500k \| 2.00% → $500k - $1m
2.50%^*^†	$1m^*	-	Platinum Savings - Standard Interest Rate
OTHER TIERS: 0.25% → Up to $100k \| 1.01% → $100k - $500k \| 2.00% → $500k - $1m
0.01%^†	-	-	Wells Fargo Retirement Way2Save Savings
0.01%^†	-	-	Wells Fargo Way2Save Savings

Wells Fargo Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.01%^†	-	-	Business Market Rate Savings

Wells Fargo Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.01%^†	-	-	Wells Fargo Prime Checking
0.01%^†	-	-	Wells Fargo Premier Checking

Wells Fargo Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.01%^†	$5k	-	4 Month CD Special - Bonus
5.01%^†	$5k	-	7 Month CD Special - Bonus
4.75%^†	$5k	-	7 Month CD Special
4.75%^†	$5k	-	Business 7 Month CD Special
4.75%^†	$5k	-	4 Month CD Special
4.75%^†	$5k	-	Business 4 Month CD Special
4.51%^†	$5k	-	11 Month CD Special - Bonus
4.25%^†	$5k	-	11 Month CD Special
4.25%^†	$5k	-	Business 11 Month CD Special
2.51%^†	-	-	3 Month CD - Bonus
2.51%^†	-	-	6 Month CD - Bonus
2.50%^†	-	-	3 Month CD
2.50%^†	-	-	6 Month CD
2.50%^†	-	-	Business 3 - 5 Month CD
2.50%^†	-	-	Business 6 - 11 Month CD
2.01%^*^†	$100k^*	-	1 Year CD - Bonus
OTHER TIERS: 1.51% → Up to $100k
2.00%^*^†	$100k^*	-	1 Year CD
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	Business 12 - 23 Month CD
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	Business 24 - 35 Month CD
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	Business 36 - 47 Month CD
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	Business 48 - 59 Month CD
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	Business 60 - 71 Month CD
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	Business 72 - 144 Month CD
OTHER TIERS: 1.50% → Up to $100k
0.01%^†	-	-	Business 1 - 2 Month CD

Wells Fargo Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.01%^†	$2.5k	-	7 Month IRA Special - Bonus
5.01%	$2.5k	-	4 Month IRA Special - Bonus
4.75%^†	$2.5k	-	7 Month IRA Special
4.75%	$2.5k	-	4 Month IRA Special
4.51%^†	$2.5k	-	11 Month IRA Special - Bonus
4.25%^†	$2.5k	-	11 Month IRA Special
2.51%^†	-	-	3 - 5 Month IRA - Bonus
2.51%^†	-	-	6 - 11 Month IRA - Bonus
2.50%^†	-	-	3 - 5 Month IRA
2.50%^†	-	-	6 - 11 Month IRA
2.01%^*^†	$100k^*	-	12 - 23 Month IRA - Bonus
OTHER TIERS: 1.51% → Up to $100k
2.01%^*^†	$100k^*	-	24 - 35 Month IRA - Bonus
OTHER TIERS: 1.51% → Up to $100k
2.01%^*^†	$100k^*	-	36 - 47 Month IRA - Bonus
OTHER TIERS: 1.51% → Up to $100k
2.01%^*^†	$100k^*	-	48 - 59 Month IRA - Bonus
OTHER TIERS: 1.51% → Up to $100k
2.01%^*^†	$100k^*	-	60 - 71 Month IRA - Bonus
OTHER TIERS: 1.51% → Up to $100k
2.01%^*^†	$100k^*	-	72 - 144 Month IRA - Bonus
OTHER TIERS: 1.51% → Up to $100k
2.00%^*^†	$100k^*	-	12 - 23 Month IRA
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	24 - 35 Month IRA
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	36 - 47 Month IRA
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	48 - 59 Month IRA
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	60 - 71 Month IRA
OTHER TIERS: 1.50% → Up to $100k
2.00%^*^†	$100k^*	-	72 - 144 Month IRA
OTHER TIERS: 1.50% → Up to $100k
0.02%^†	-	-	1 - 2 Month IRA - Bonus
0.01%^†	-	-	1 - 2 Month IRA