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Wells Fargo Bank

Popular Accounts at this Bank

0.95%5-year CD58 Month CD Special
0.05%1-year CD1 Year CD
0.01%SavingsWells Fargo Platinum Savings

Overview / Commentary
101 N. Phillips Avenue
Sioux Falls, SD 57104

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

Wells Fargo Offers Easy $250 Checking Bonus - 3/8/2017

Wells Fargo is offering a $250 bonus to new checking customers now through 3/24/17. Applying for the bonus and a new Everyday Checking account must be done online.

$100 Checking Account Bonus At Wells Fargo (Online Only) - 12/15/2016

Easy $100 bonus, if you trust Wells Fargo. But it won’t last long. To receive your $100 bonus, open an Everyday Checking account from this page by December 16, 2016, and complete a few steps: Deposit at least $25 to fund your account. Make 10 debit card purchases/payments within 60 days. Qualify to receive a $100 bonus in your account. Offer available only online at wellsfargo.com Promotion page Wells Fargo Everyday Checking Account – $100 Bonus – Wells Fargo Everyday Checking does have a $10 monthly fee. Everyday Checking Account | Wells Fargo

Wells Fargo & Company: The Teflon Bank? - 10/2/2016

Wells Fargo is currently the second largest bank in the U.S. But right now, the spotlight is on Wells Fargo for a scandal that threatens to topple the giant.

View all posts from:

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
11/26/12 - Insights into Deposit Growth and Low Rates from Wells Fargo's CEO
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
5/26/11 - New Person-to-Person Payment Venture Launched by Chase, Bank of America and Wells Fargo
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
7/27/10 - Wells Fargo Appears to be Slowly Killing Wachovia's Way2Save Program
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
9/22/09 - Wells Fargo Executive Fired for Partying in Foreclosed Home
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
10/3/08 - Wachovia to Merge with Wells Fargo Instead of Citigroup
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 - History Behind World Savings Bank
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 (282)

Wells Fargo for banking relationships

Posted by: Cara_94 | Oct 28, 2016

My husband has had this account for years. After Bank of America took advantage of us we decided that we would move everything over to his account. We had not used it for years and kept a minimal balance in the account. After a misunderstanding with one of credit cards we were charged several fees. We paid the fees and left the bank. Just as we were leaving the cashier came out and said I wanted to tell you because of the length of your relationship with us I was able to reverse the fees. This act of kindness saved us over $200! I was so impressed with the way this young woman went out of her way to help us I felt so grateful. We have been there for seven years and my husband has had this account for over ten years. I do enjoy my bank and how they treat their customers.

Wells Fargo Online Banking Experience

I was first a member of Wachovia which was bought out by Wells Fargo. Since then I have kept my savings and checking accounts in Wells Fargo because they have offered me basically the same services as Wachovia. The customer support has improved quite a bit over the course of the past few years. Every encounter I've had with the staff of Wells Fargo has been quite pleasant and reasonable. The website was just recently overhauled and it has a much more aesthetically pleasing graphical user interface then it had before. It also has more features that are useful for a user who is managing his or her Checking and Savings accounts. The growth rates on these accounts are competitive with many other major banks but they aren't anything above the average which is fine for me. Also, the fees involved in Wells Fargo are usually pretty fair and average. I've never encountered a strange or out of place fee and most of the fees that I've had to deal with can be negotiated with the customer service of this bank. Overall, Id say that Wells Fargo is a decent bank for checking and savings accounts.

Transferred Money Is Space

What is with the delay in transferring funds from one institution to another. It leaves my bank on day 1. I lose the money. Wells Fargo does not show I have the money for 5 days, not even as a pending transaction. For 5 days, that money is in the cosmos and I have no control over it. In 2016, this is just wrong! Time to change banks!

Nashville 4Th Avenue Branch Won't Give Me Cash From My Own Checking Account

On Friday, February 17, 2017 I took my Wells Fargo checkbook to Wells Fargo to cash a check for $100. Imagine my surprise when a poorly trained teller, whom I later learned was from Somalia and had never learned that the checking account number for a customer is on the check, asked me three times if I had an account at Wells Fargo, which I explained was on the check. Despite making the check out to myself, signing the check, and endorsing it all in his presence, showing my id since he said that he didn't know me, that was not enough. He wanted to write down all of my personal information from my driver's license onto my own check; wanted me to remove my license from its plastic container. It was bad enough that the man could not read well and comprehend what was being said about a Wells Fargo checking account. When another man, the purported manager, Mathew, came over, he would not cash the check because the teller wouldn't, and in spite of the fact---know your customer---that he knew me, acknowledged that he knew me, but he just wasn't going to cash my check without writing down all of my personal information. Two days before I had deposited $2500 by endorsing another personal check written on Bank of America to me, signed by me, and they had no problem taking my money. At the same time as all of this a young man who identified himself as being from out of town went to the teller next to me. He had lost his debit card. He pulled out his phone and scrolled through information, gave the teller the last four digits of his social security number, and entered his account information into a pin-pad and received $120 in cash from the teller. There were about a dozen construction workers in the lobby waiting to handle their banking. I was traumatized by these poorly trained men who work for Wells Fargo. Since Mathew, the purported manager refused to cash my check, I walked over to Bank of America on Union Street. Mary in the right hand teller spot pleasantly greeted me by name, asked what she could do for me, and I explained my problem. I presented my Wells Fargo check, signed by me, made out to me, endorsed to me, and told her my Bank of America checking number, and she handed me my $100 and told me to have a nice weekend. Meanwhile, the customer complaint number at Wells Fargo--1-844-931-2273 was useless. In spite of calling three different days to give the information concerning the discriminatory behavior by an employee and his manager, the "area marketing" supervisor never called, and Wells Fargo refused to give out the name or number of another superior supervisor or anyone who was responsible for addressing "inappropriate behavior, workplace disruption, situations that may result in potential customer harm, or situations that may warrant sending a team member home for the day" as set forth in the Wells Fargo Team Member Handbook dated January 2017. Human Resources telephone number is 1-877-479-3557 option 3 was unable to help, and directed me to 1-800-511-2265 "Executive Office" where the music plays and no one answers.



Health Grade Components

FDIC Certificate #3511
Year Established1870
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD12.98%
Annual Interest Income$49.16B
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1,727.2B$1,610.6B
LoansQ4 2016vs Q4 2015$934.3B$878.6B
DepositsQ4 2016vs Q4 2015$1,339.4B$1,258.6B
Equity CapitalQ4 2016vs Q4 2015$155.4B$150.5B
Loan Loss AllowanceQ4 2016vs Q4 2015$10.50B$10.35B
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$11.56B$12.59B
Real Estate OwnedQ4 2016vs Q4 2015$915.0MM$1.34B
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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

0.06%*$25k*-Business Platinum Savings
OTHER TIERS: 0.05% Up to $25k
0.06%--Wells Fargo Platinum Savings - Bonus
0.05%*$100k*-Wells Fargo Retirement High Yield Savings
OTHER TIERS: 0.03% Up to $100k
0.03%--Wells Fargo Retirement Way2Save Savings
0.01%--Wells Fargo Way2Save Savings
0.01%--Wells Fargo Platinum Savings

Wells Fargo Bank Money Market Rates

0.03%--Business Market Rate Savings

Wells Fargo Bank Checking Account Rates

0.05%*$5k*-PMA Premier Checking
OTHER TIERS: 0.01% Up to $5k
0.01%--Preferred Checking

Wells Fargo Bank CD Rates

1.01%$5k-58 Month CD Special - Bonus
0.95%$5k-58 Month CD Special
0.95%$5k-Business 58 Month CD Special
0.80%$5k-39 Month CD Special - Bonus
0.75%$5k-Business 39 Month CD Special
0.75%$5k-39 Month CD Special
0.70%$5k-26 Month CD Special - Bonus
0.65%$5k-26 Month CD Special
0.65%$5k-Business 26 Month CD Special
0.35%--Business 60 - 71 Month CD
0.35%--Business 72 - 144 Month CD
0.30%$5k-9 Month CD Special - Bonus
0.25%--Business 48 - 59 Month CD
0.25%$5k-Business 9 Month CD Special
0.25%$5k-9 Month CD Special
0.21%$2,500-24 Month Step Rate Bonus CD
0.20%--Business 36 - 47 Month CD
0.16%$2,500-24 Month Step Rate CD
0.16%$1k-24 Month Business Step Rate CD
0.15%--Business 24 - 35 Month CD
0.10%--1 Year CD - Bonus
0.06%--3 Month CD - Bonus
0.06%--6 Month CD - Bonus
0.05%--1 Year CD
0.05%--Business 12 - 23 Month CD
0.01%--3 Month CD
0.01%--6 Month CD
0.01%--Business 3 - 5 Month CD
0.01%--Business 6 - 11 Month CD
0.01%--Business 1 - 2 Month CD

Wells Fargo Bank IRA Rates

1.01%$2,500-58 Month IRA Special - Bonus
0.95%$2,500-58 Month IRA Special
0.80%$2,500-39 Month IRA Special - Bonus
0.75%$2,500-39 Month IRA Special
0.70%$2,500-26 Month IRA Special - Bonus
0.65%$2,500-26 Month IRA Special
0.40%--60 - 71 Month IRA - Bonus
0.40%--72 - 144 Month IRA - Bonus
0.35%--60 - 71 Month IRA
0.35%--72 - 144 Month IRA
0.30%$2,500-9 Month IRA Special - Bonus
0.30%--48 - 59 Month IRA - Bonus
0.25%--48 - 59 Month IRA
0.25%$2,500-9 Month IRA Special
0.25%--36 - 47 Month IRA - Bonus
0.20%--36 - 47 Month IRA
0.20%--24 - 35 Month IRA - Bonus
0.15%--24 - 35 Month IRA
0.10%--12 - 23 Month IRA - Bonus
0.06%--3 - 5 Month IRA - Bonus
0.06%--6 - 11 Month IRA - Bonus
0.05%--12 - 23 Month IRA
0.01%--3 - 5 Month IRA
0.01%--6 - 11 Month IRA

Wells Fargo Bank has 6,089 locations. Click to view all Wells Fargo Bank locations.