Overview / Commentary
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.

Related Posts

2.75% 2 Year CD - 4/26/2018

Just took down a 2 year 2.75% CD. Pretty good rate for now.

2- And 3-Year Brokered Cds - 2/12/2018

For those interested in possibly taking the plunge into brokered CDs, Wells Fargo has been offering some pretty good non-callable, new issue deals with 2- and 3-year maturities. Today on Fidelity, it's showing a 2.4% yield for 2-year CDs and a 2.6% yield for 3-year CDs. Interest is payable monthly which, as someone who pays my bills with current interest income, I like.

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11/20/14 - Wells Fargo Refusing To Honor Widow’s 30-Year-Old CD
11/14/14 - Wells Fargo To Sell $8.5B In Government-Backed Student Loans To Navient
11/3/14 - Wells Fargo Faces Whistleblower Lawsuit Over Wachovia's Banking Practices
10/30/14 - Wells Fargo Ordered To Pay $203 Million In Debit Card-Posting Scam
10/7/14 - Free Credit Score Promo Not A Big Deal When There Are Free Alternatives
9/23/14 - Wells Fargo Arm Fined $5 Million Over Broker’s Insider Trading
3/17/14 - Wells Fargo’s $100 Checking Account Bonus - May Be Targeted
2/14/14 - Wells Fargo Edges Back Into Subprime As U.S. Mortgage Market Thaws
12/22/13 - Well Fargo Accused Of Pressure-Cooker Sales, Costing Unwary Customers
12/9/13 - Wells Fargo Tests Google Glass App: 5 Things To Know For The Week
11/26/13 - Wells Fargo Tests New Checking Account In Three States
10/17/13 - Wells Fargo’s Checking Account Bonus - Limited Areas
10/17/13 - History of Wells Fargo Bonus Payouts
10/3/13 - Wells Fargo Fires Workers Accused Of Cheating On Sales Goals
9/19/13 - Wells Fargo Account Holders: Take Note
8/21/13 - Wells Fargo To Cut 2,300 Mortgage Jobs As Refinancing Slows
7/25/13 - Wells Fargo Becomes World's Most Valuable Bank
7/10/13 - Wells Fargo Refuses to Honor an Old Cashier’s Check
5/16/13 - Wells Fargo Ordered - Again - To Pay $203M In Overdraft Case
5/8/13 - Complications at Wells Fargo When a Bank Account Lacks a Beneficiary
4/16/13 - Wells Fargo Mini-Branches And The Shrinking Retail Footprint
3/26/13 - Wells Fargo Says Cyber Attack Disrupting Website
2/7/13 - Woman Loses Heirlooms In A Wells Fargo Safe Deposit Box
1/11/13 - Wells Fargo's Q4 Earnings Report - Insights For Depositors
12/19/12 - Problems At Wells Fargo Website May Indicate New Cyber Attack
10/26/12 - Wells Fargo Sending Out Refunds To Some Mortgage Customers -- In Step To Block Lawsuits
10/24/12 - Wells Fargo's Free Credit Score Promo & Other Free Credit Score Options
9/14/12 - A Binding Contract, But Not For Wells Fargo
8/29/12 - Wells Fargo Won’t Talk To Me Because I’m Not My Dead Mother
8/15/12 - Wells Fargo To Pay More Than $6.5 Million To Settle SEC Charges
8/14/12 - Electronic Receipts From Wells Fargo ATMs And Tellers
7/24/12 - Wells Fargo Rolling Out New Mobile Banking Services
7/3/12 - Wells Fargo Fee Disclosures: Bank Joins Chase, TD Bank With Shorter Forms
7/3/12 - Wells Fargo's Roll Out Of Checking Fees Hits D.C. Area
5/16/12 - Wells Fargo To End Free Checking In Carolinas
4/30/12 - Wells Fargo Won't Let Man Access His Safe Deposit Box, He Misses His Mother's Funeral
3/25/12 - How Do Big Banks Allocate Deposits In The Internet Era To Branches?
3/8/12 - Wells Fargo To Charge $7 Fee On More Checking Accounts
3/3/12 - Transactions On Closed Checking Account- Not Subject To Wells Fargo Only**
1/21/12 - Phoenix Woman Blames Wells Fargo For $5,200 Loss
1/17/12 - Wells Fargo Q4 Earnings Report & My Review For Future Deposit Rate Insights
12/22/11 - Correcting An ACH Transfer That Goes To The Wrong Account
12/7/11 - Wells Fargo Changes Consumer Agreement, Banning You From Suing Them
11/18/11 - Resolution on My Wells Fargo CD Beneficiary Problem
11/13/11 - My Problems with a Mega Bank Part 1 - Wells Fargo
11/12/11 - Wells Fargo Pushing Its New Way2Save Savings Account
10/31/11 - Wells Fargo Backs Off Plans On Debit Card Fees
10/20/11 - Wells Fargo Mails Customers The Wrong Bank Statements
10/19/11 - Wells Fargo Debit Fee Questioned As Bank Records Record Profit
9/15/11 - Harder To Avoid Checking Account Fees At Wells Fargo
9/9/11 - Higher Wire Transfer Fees at Wells Fargo and Citizens Bank - Wire Alternatives
8/16/11 - Wells Fargo To Begin Charging Debit Card Fees In Certain States
7/27/11 - Wells Fargo Target Of Justice Department Probe; Agency Alleges Discriminatory Lending
6/17/11 - Wells Fargo To Stop Making Reverse Mortgages
5/18/11 - Update On Wachovia-To-Wells Fargo Conversions
4/14/11 - Wells Fargo Is Testing Visa Smart Cards
3/28/11 - Wells Fargo Joins Chase In Cutting Back On Debit-Card Rewards Programs
2/28/11 - Wells Fargo Leads In The Hard Sell
2/9/11 - Nationwide Outage Hits Wells Fargo ATMs
10/25/10 - Wachovia To Wells Fargo Georgia Conversion
8/17/10 - Excessive Withdrawal Fees from Bank of America, Citi, Wells Fargo and Ally
6/24/10 - Foreign ATM Transactions At Wachovia And Wells Fargo
6/20/10 - TX & KS Wachovia Branches & Accounts Converting To Wells Fargo On July 24
3/9/10 - Wells Fargo $50 Checking Account Bonus in a Few States
2/1/10 - Wells Fargo's New ATMs That Allow Cash and Check Deposits without Envelopes
1/25/10 - Update on Wells Fargo's New Way2Save Program
10/12/09 - Details of Wells Fargo's New Way2Save Program - Big Changes from Wachovia's Way2Save
8/11/09 - 2.75% 32-Month CD at Wachovia on the East Coast and Other Wachovia/Wells Fargo Deals
2/3/09 - Wachovia Checking Account Bonuses, News, CDs and Other Deals
10/14/08 - $75 Checking Account Bonus at a Wachovia Branch in Dallas - Plus Recap on Wachovia News & Deals
9/3/08 - Update on Wells Fargo $50 Checking Account Bonus
8/18/08 - $50 Checking Account Bonus at Wells Fargo
7/16/08 - 5.25% 7-Month CD at Wells Fargo
6/26/08 - $75 Checking Account Bonus at a Wachovia Branch in Dallas - Plus Recap on Wachovia Deals
5/6/08 - Wachovia's Way2Save Savings Account Golf Promo - 16% for 3 Months
4/27/08 - Update on Wachovia's 4.75% 60-Month Featured CD
4/2/08 - $75 Checking Account Bonus at a Wachovia Branch in Washington DC
1/29/08 - 5.05% 5-Month CD Special at Wachovia in Some States
1/3/08 - $75 Checking Account Bonus at a Wachovia Branch in Texas Plus Reminder of Wachovia's Nationwide $50 Bonus
11/4/07 - $50 Checking Account Bonus at Wells Fargo - No DD Requirements in Some States
10/16/07 - 5.41% 8-Month Featured CD at Wachovia
10/1/07 - 5.25% 12-Month CD Promotion at Wachovia
6/11/07 - Free Checking Account Promotion at Wachovia in Dallas
6/9/07 - $100 Checking Account Bonus at Wachovia in NY/MD/DC/VA
5/18/07 - Update on Wachovia Bank Promotions
3/28/07 - Update on Wachovia's 5% Money Market Account and Other Promotions
3/21/07 - 5.40% 7-Month CD at Wachovia Texas
2/14/07 - Wells Fargo's Free Online Trades
11/11/06 - 5.65% 12-Month CD at a California Bank (Western Financial)
6/11/06 - 5.25% 11-Month CD at Wachovia
5/17/06 - iPod Checking Account Bonus at Western Financial Bank
5/3/06 - 4.80% Money Market Account at Western Financial Bank
4/6/06 - Western Financial Bank's Money Market Now at 4.50%
3/12/06 - $25 Gift Card for Wells Fargo Checking or Savings Account
1/22/06 - 4.75% 12-Month CD at a Dallas Bank
10/20/05 - Wells Fargo $25 Checking/Savings Deal
9/13/05 - Wells Fargo Featured CDs

Reviews (317)

I can do everything I need!

I love my online banking! They have brick and mortar locations as well but I rarely go because I can do everything on the website and they also have an app as well that makes banking on the go easy. On the website and app I can deposit checks into my accounts, move money between accounts, pay bills, and so much more. I check my account everyday so it is nice to be able to do that on the website and on the app when on the go. I get checks every month for a job I do and it is nice to be able to do that at home from my phone and deposit into my bank account with out having to leave my couch. They also let you view all your statements from you phone or website and I do that so I can go paperless and not get paper copies because it makes me feel better.

Great account with great sign up bonus

I signed up for a Wells Fargo online checking account around fifth teen months ago and I have loved this account. First off they gave me a two hundred and fifty dollar sign up bonus. There is no fees if you meet easy monthly minimums. Overall this account fits my needs plus there are plenty of atms that a free to get money at. I would highly recommend this bank to anyone.

Wells Fargo Worst Bank You Can Sign Up With.

Posted by: Cathy59 | Sep 8, 2018

I had been a customer when the bank before they merged was called first Union and they were great.
Then they merged with Wachovia and they started to mess up a little with hidden fees and weird charges but I could always call and fix things and it was not as bad as now. Wachovia Merged with Wells Fargo and then everything you can possibly think could go wrong did.I had a checking and a savings and I opened the account for my disabled son a checking account in 1997 I opened all accounts but with the above banks. We started to see all kinds of things repeated and charge over and over again in my accounts I cleared it out and then, again and again, the charges. I closed down my accounts. From checks that were not even directed to me with totally different names in my account to charges that had not been paid and I had the money as I got paid weekly from my job through direct deposit. Even though the accounts did not get paid it showed up that they did in my bank statements that they did. I took all evidence to the bank and to the people I owe money and they people kept saying that they did not get in showing me their bank statements. When I went over there they pulled a who on first base and what on second base from the three Stuges Comedy scene to confuse me when I try to
explain then they ruined my credit and it lasted for years finally when I get my credit back in shape now they are doing the same thing to my son who is disabled and he does not do his trasactions I do. Now my poor son who only mistake was to order online to a company called KIngSize he ordered before never had a problem but this time he did he got instead of a Cap which was a very fine and expensive item but it was in sale just for 59.99 and he took advantage of the sale and then instead of that they sent him a underwear that was 3 sizes to small so he could not even use it.He made me call to get the money back and shortly they did but when we sent the package back as they ordered they delivered that package back in August the 29th so I did not know that happened until it showed up on his bank account and we did not even have the package back yet as we had sent it in July the 12th.Then we call and they said that we probably sent it to the address where they send out product with returns its differently so we asked what can we do as we had tried in their website to activate a Postage but it was not there it was blank so they activated the postage and we sent it back they got their product and gave us our money back in 08/31/2018 when we looked in his account it was not there. They had a temporary charge and they left in the online website that we needed to present evidence or we were liable for the charges so I called and then they said we needed evidence so they can conduct an investigation. They got their evidence to reject it and later state that they gave me the money until the account was paid and when it did that they had paid two times so they went and charged my poor son 59.99 again. I call them they pull off the same comedy scene again whos on the third act. To confuse people they can never confuse me as I am very good at math. According to my math, he has money left over but you can't win with them. They will cheat you and say it's your fault and you can bring them evidence and they still will blame you for their mistakes. My question is when they make a temporary deposit and they are awaiting the company to deposit the money back they get it why would they charge the client the money when it was paid back by the company this case King Size Men clothing. Then they place in his account as if he got paid twice and he did not he got paid once it was removed due to issues of returned product and when finally they got the product they paid the provisional money and how is that even legal that they charge the client that had no fault in this but the banks and the merchants mistake. As you see there is no double payment but a return in funds and the client is not responsible for the charge.I want to sue this is just one of the few problems we have been having with this bank.

Good customer service

I was in a branch of this bank to open a checking account and the experience I had was very rewarding I was quickly attended and the attention was very personalized, they explained to me in detail the requirements I needed to open the account. I left very enthusiastic about the intitucion and recommended them to my friends and family



Health Grade Components

FDIC Certificate #3511
Year Established1870
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD12.49%
Annual Interest Income$28.95B
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$1,675.1B$1,731.9B
LoansQ2 2018vs Q2 2017$922.4B$938.5B
DepositsQ2 2018vs Q2 2017$1,322.3B$1,359.8B
Equity CapitalQ2 2018vs Q2 2017$164B$163B
Loan Loss AllowanceQ2 2018vs Q2 2017$9.86B$10.28B
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$7.76B$9.92B
Real Estate OwnedQ2 2018vs Q2 2017$502.0MM$765.0MM
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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

0.26%*$250k*-Platinum Savings - Special Interest Rate Bonus
OTHER TIERS: 0.06% Up to $25k | 0.23% $25k - $250k
0.26%*$100k*-Business Platinum Savings - Special Interest Rate
OTHER TIERS: 0.05% Up to $25k | 0.23% $25k - $100k
0.21%*$250k*-Platinum Savings - Special Interest Rate
OTHER TIERS: 0.01% Up to $25k | 0.18% $25k - $250k
0.10%*$100k*-Business Platinum Savings - Standard Interest Rate
OTHER TIERS: 0.05% Up to $25k | 0.06% $25k - $100k
0.10%*$250k*-Platinum Savings - Standard Interest Rate Bonus
OTHER TIERS: 0.06% Up to $250k
0.05%*$100k*-Wells Fargo Retirement High Yield Savings
OTHER TIERS: 0.03% Up to $100k
0.05%*$250k*-Platinum Savings - Standard Interest Rate
OTHER TIERS: 0.01% Up to $250k
0.03%--Wells Fargo Retirement Way2Save Savings
0.01%--Wells Fargo Way2Save Savings

Wells Fargo Bank Money Market Rates

0.03%--Business Market Rate Savings

Wells Fargo Bank Checking Account Rates

0.05%*$5k*-Portfolio by Wells Fargo
OTHER TIERS: 0.01% Up to $5k
0.01%$500-Wells Fargo Preferred Checking

Wells Fargo Bank CD Rates

2.45%$5k-58 Month CD Special - Bonus
2.40%$5k-58 Month CD Special
2.40%$5k-Business 58 Month CD Special
2.40%$5k-39 Month CD Special - Bonus
2.35%$5k-Business 39 Month CD Special
2.35%$5k-39 Month CD Special
2.35%$5k-19 Month CD Special - Bonus
2.30%$5k-19 Month CD Special
2.30%$5k-Business 19 Month CD Special
1.58%$2.5k-24 Month Step Rate CD - Bonus
1.53%$2.5k-24 Month Step Rate CD
1.53%$1k-Business 24 Month Step Rate CD
1.20%$5k-9 Month CD Special - Bonus
1.15%$5k-Business 9 Month CD Special
1.15%$5k-9 Month CD Special
0.80%$2.5k-Business 60 - 71 Month CD
0.80%$2.5k-Business 72 - 144 Month CD
0.60%$2.5k-Business 48 - 59 Month CD
0.40%$2.5k-Business 36 - 47 Month CD
0.20%$2.5k-Business 24 - 35 Month CD
0.15%$2.5k-1 Year CD - Bonus
0.10%$2.5k-1 Year CD
0.10%$2.5k-Business 12 - 23 Month CD
0.10%$2.5k-3 Month CD - Bonus
0.10%$2.5k-6 Month CD - Bonus
0.05%$2.5k-3 Month CD
0.05%$2.5k-6 Month CD
0.05%$2.5k-Business 3 - 5 Month CD
0.05%$2.5k-Business 6 - 11 Month CD
0.01%$2.5k-Business 1 - 2 Month CD

Wells Fargo Bank IRA Rates

2.45%$2.5k-58 Month IRA Special - Bonus
2.40%$2.5k-58 Month IRA Special
2.40%$2.5k-39 Month IRA Special - Bonus
2.35%$2.5k-39 Month IRA Special
2.35%$2.5k-19 Month IRA Special - Bonus
2.30%$2.5k-19 Month IRA Special
1.20%$2.5k-9 Month IRA Special - Bonus
1.15%$2.5k-9 Month IRA Special
0.85%$1k-60 - 71 Month IRA - Bonus
0.85%$1k-72 - 144 Month IRA - Bonus
0.80%$1k-60 - 71 Month IRA
0.80%$1k-72 - 144 Month IRA
0.65%$1k-48 - 59 Month IRA - Bonus
0.60%$1k-48 - 59 Month IRA
0.45%$1k-36 - 47 Month IRA - Bonus
0.40%$1k-36 - 47 Month IRA
0.25%$1k-24 - 35 Month IRA - Bonus
0.20%$1k-24 - 35 Month IRA
0.15%$1k-12 - 23 Month IRA - Bonus
0.10%$1k-12 - 23 Month IRA
0.10%$1k-3 - 5 Month IRA - Bonus
0.10%$1k-6 - 11 Month IRA - Bonus
0.06%$1k-1 - 2 Month IRA - Bonus
0.05%$1k-3 - 5 Month IRA
0.05%$1k-6 - 11 Month IRA
0.01%$1k-1 - 2 Month IRA


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