Wells Fargo Bank


Overview / Commentary
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.

Related Posts

Wells Fargo Bank Has $300 Bonus For New Checking Customers - 2/11/2022

Wells Fargo Bank is offering a $300 bonus for new checking customers now through March 31, 2022. Available nationwide through online and in-branch applications.

$300 Checking Bonus - 11/8/2021

Wells Fargo has a new $300 checking bonus, which is targeted. (I received it in the mail today.) Can be done online or in-branch. 1. You must use your bonus offer code below at account opening when you apply for a new eligible Wells Fargo checking account with a minimum opening deposit of $25 by December 10, 2021. 2. Receive a total of $1,000 or more in qualifying direct deposits to the new checking account within 90 calendars days from account opening (the "qualification period"). Once the 90-day qualification period has elapsed, we will determine if you have met the offer requirements, and will deposit any earned bonus into your new checking account within 30 days. Your new checking account must remain open throughout the qualification period and at the time we attempt to deposit any earned bonus payment.

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10/21/18 - Platinum Savings/Fixed Cds. Not Bad For A B&M National Bank
10/11/18 - Wells Fargo 2-Yr. Brokered CD: 3.00%
4/26/18 - 2.75% 2 Year CD
2/12/18 - 2- And 3-Year Brokered Cds
5/19/17 - $150 Wells Fargo Checking Bonus - Select Cities
5/10/17 - Wells Fargo Long Term 3.00% Callable Step-Up CD Via TD Ameritrade
3/8/17 - Wells Fargo Offers Easy $250 Checking Bonus
12/15/16 - $100 Checking Account Bonus At Wells Fargo (Online Only)
8/4/16 - Wells Fargo Everyday Checking $100 Offer
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 (351)

Highly Recommended Credit Specialist!

I strongly recommend Rootkit Credit Specialist . They helped me out so much after already paying a self-acclaim credit expert who basically just took my money and did nothing for almost a year, I found them on a credit forum and they immediately showed results and even guided me on what my best solution for my trade in for a new vehicle would be with a lower approximate % and not to mention how well they inform you and explain to you everything that's going on with your credit. My score has been raised to 780s in less than 9days and all derogatory items are gone. They're currently working on my wife's report. You can reach out to them via rootkitscreditspecialist at gmail dot com. You can thank me later.

Awesome Bank!

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!!!

LIE, LIE, LIE & DENY BANK

Posted by: |

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.

Great Service, Nice App

Posted by: |

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.

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Health

Health Grade Components

Overall
FDIC Certificate #3511
Year Established1870
Employees218271
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD10.25%
Annual Interest Income$37.07B
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1,779.5B$1,767.8B
LoansQ4 2021vs Q4 2020$858.8B$872B
DepositsQ4 2021vs Q4 2020$1,524.5B$1,479.5B
Equity CapitalQ4 2021vs Q4 2020$171.1B$170.9B
Loan Loss AllowanceQ4 2021vs Q4 2020$12.32B$18.22B
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$7.44B$9.11B
Real Estate OwnedQ4 2021vs Q4 2020$130.0MM$173.0MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Platinum Savings - Standard Interest Rate Bonus
0.01%--Wells Fargo Retirement Way2Save Savings
0.01%--Wells Fargo Retirement High Yield Savings
0.01%--Wells Fargo Way2Save Savings
0.01%--Business Platinum Savings - Standard Interest Rate
0.01%--Platinum Savings - Standard Interest Rate

Wells Fargo Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Business Market Rate Savings

Wells Fargo Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Wells Fargo Prime Checking
0.01%--Wells Fargo Premier Checking

Wells Fargo Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%$2.5k-3 Month CD - Bonus
0.02%$2.5k-6 Month CD - Bonus
0.02%$2.5k-1 Year CD - Bonus
0.01%$2.5k-3 Month CD
0.01%$2.5k-6 Month CD
0.01%$2.5k-1 Year CD
0.01%$2.5k-Business 3 - 5 Month CD
0.01%$2.5k-Business 6 - 11 Month CD
0.01%$2.5k-Business 12 - 23 Month CD
0.01%$2.5k-Business 24 - 35 Month CD
0.01%$2.5k-Business 36 - 47 Month CD
0.01%$2.5k-Business 48 - 59 Month CD
0.01%$2.5k-Business 60 - 71 Month CD
0.01%$2.5k-Business 72 - 144 Month CD
0.01%$2.5k-Business 1 - 2 Month CD

Wells Fargo Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%$1k-3 - 5 Month IRA - Bonus
0.02%$1k-6 - 11 Month IRA - Bonus
0.02%$1k-12 - 23 Month IRA - Bonus
0.02%$1k-24 - 35 Month IRA - Bonus
0.02%$1k-36 - 47 Month IRA - Bonus
0.02%$1k-48 - 59 Month IRA - Bonus
0.02%$1k-60 - 71 Month IRA - Bonus
0.02%$1k-72 - 144 Month IRA - Bonus
0.02%$1k-1 - 2 Month IRA - Bonus
0.01%$1k-3 - 5 Month IRA
0.01%$1k-6 - 11 Month IRA
0.01%$1k-12 - 23 Month IRA
0.01%$1k-24 - 35 Month IRA
0.01%$1k-36 - 47 Month IRA
0.01%$1k-48 - 59 Month IRA
0.01%$1k-60 - 71 Month IRA
0.01%$1k-72 - 144 Month IRA
0.01%$1k-1 - 2 Month IRA
Locations

Availability

San Francisco Bay Area

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.