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.
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I have been with Wells Fargo for 2 months, they are really great! At first, I was a little scared because of the scam history but I opened an account and NOTHING but excellent service! My money is always on time, or early! I love the 24/7 customer service, every customer Representative I spoke to was extremely polite and professional. I do wish there was a lot more locations in Delaware! Online/mobile banking app is GREAT! No complaints there. I LOVE Wells Fargo!!! They are a outstanding bank!!! They have my service forever. There is NO long time wait time either which is awesome, All of my questions are answered at that moment. The debit card design selection is neat as well. 5 stars from me I recommend them to everyone!!!
Online looking for a financial institution to use for a balance transfer. My other half spends well whether she has it or not. Don't have available credit? No problem she has me to get it for her. So she was looking for a balance transfer deal to payoff the previous one on which she came up short. Plus needed more credit to make repairs in an overpriced house that should have never been bought.
With that being said I find what appears to be a great deal from Wells Fargo(WF). I did business with this "financial dog & pony show" once back in 2004. It was for a bridge loan on a house purchase. Per usual the woman working for WF "lied, lied, & denied." At the end of the day I pulled money out of one of my bank accounts and paid off the bridge loan and the woman went back to being a teller. So I see this offer for 0% interest on upwards of 21 months on a balance transfer. With my 834 FICO score I figured I was a lock for the lowest interest rate post transfer at 12.99%. Filled out application and got immediate approval for $16k or so. Had to wait about 7 business days for payoff of other financer's monies. When we received our cards I see that I am not getting 12.99% but 16.99% interest rate post transfer time. I contact them immediately as I am looking at the paperwork they sent indicating my FICO score was 834 (of 850). I was livid but per usual even when I got further up the corporate finance pole they were not adjusting the interest rate. I should have known better as one thing WF excels at is the old fashioned "bait & switch" moves. My lady will have the cards (I'd just as soon shred my card) as I WILL NEVER do business with Wells Fargo again. As long as she pays on time and more than a minimal amount monthly there shouldn't be any problems. I plan to keep a close eye on things as WF can not be trusted. They are the worst bank/credit union I have EVER done business with as they are less than truthful. Should you contemplate using them for a balance transfer unless your FICO score is 850 of 850 you aren't getting the lowest interest rate. What bothered me even more was the fact that I had a 834 of 850 credit score not only did I NOT GET THEIR LOWEST, ADVERTISED RATE but got one 4% higher!! Do yourself a favor if you see an offer that seems good from Wells Fargo (WF) IGNORE IT!! They will find a way to change "not ONLY the RULES, but the WHOLE GAME!" They are the worst.
I needed a branch close to my house, as I closed Alaska FCU checking account, after 10 years, website was bad, out of date, no linking accounts, app doesnt let you deposit checks, it just didnt work anymore, and nearest branch is 40 minute drive from my house on a good day no traffic, as they closed the one nearest to me, so I decided to try Wells Fargo since most of my family banks there for years and have great comments to say about them. Wow, i am impressed, customer service is great, i called twice and super helpful and nice, mobile app is superb, on line UI nice. No issues so far, WF ATM about 5 min away so i never pay ATM fees. I can deposit cash, and use the app to deposit checks. I linked Ally Bank & WF and no issues (checking account at both). I also linked my HYSA (Marcus & Capital One) no issues. WF is very convenient for me. Alot of people are negative about WF, but so far so good.
Overall | |
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FDIC Certificate # | 3511 |
Year Established | 1870 |
Employees | 218271 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.99% |
Return on Equity - YTD | 10.25% |
Annual Interest Income | $37.07B |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $1,779.5B$1,767.8B |
Loans | Q4 2021vs Q4 2020 | $858.8B$872B |
Deposits | Q4 2021vs Q4 2020 | $1,524.5B$1,479.5B |
Equity Capital | Q4 2021vs Q4 2020 | $171.1B$170.9B |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $12.32B$18.22B |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $7.44B$9.11B |
Real Estate Owned | Q4 2021vs Q4 2020 | $130.0MM$173.0MM |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.01% | - | - | Business Market Rate Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.01% | - | - | Wells Fargo Prime Checking | |
0.01% | - | - | Wells Fargo Premier Checking |