Wells Fargo is the third-largest bank in the United States, with $1.79 trillion in assets as of February. It serves one in every three US households and more than 10% of the country’s small enterprises. Its shares increased by more than 61 percent in 2021, as Well Fargo generated a huge $21.5 billion in earnings, propelled in part by a post-pandemic lending revival. However, the banking behemoth is still subject to a balance-sheet cap imposed by the Federal Reserve following its 2016 fake-accounts crisis. Other legal issues have arisen in 2022: Well Fargo was sued in California in March for allegedly discriminating against Black mortgage borrowers. (The bank has denied any discrimination in lending.)
What is Wells Fargo?
Wells Fargo & Corporation (NYSE: WFC) is a prominent financial services company with about $1.9 trillion in assets, proudly serving one in every three U.S. families and more than 10% of small companies in the United States, and is the leading middle market banking provider in the United States. Through our four reportable operational segments: Consumer Banking and Lending, Commercial Banking, Corporate, and Investing Banking, and Wealth & Investment Management, we offer a diverse range of banking, investment, and mortgage products and services, as well as consumer and commercial finance. Wells Fargo was ranked 37th among America’s largest firms by Fortune in 2021.
Brief History
Wells Fargo, founded in 1852 during the California gold rush, has been a key role in American banking for 170 years and is the country’s fourth-largest bank.
After being plagued by multiple high-profile scandals in the mid-2010s, the bank has worked to repair its image and rebuild trust by focusing on customer service and technical advancements.
Wells Fargo Sign up
Learn how to set up an account on the Wells Fargo Account Login Portal.
- Navigate to the Wells Fargo account page by visiting wellsfargo.com.
- Click “Enroll Now” just below the box seeking sign-in data on the right side of the website, i.e. Password and Username
- After clicking “Enroll Now,” a screen will open asking you to enter your Social Security number as well as the account, loan, ATM card, or debit card number, and then click “Continue.”
- A screen will appear, prompting you to enter your desired Username and Password.
- You will also be asked to read and agree to the service terms and conditions.
After you’ve read and comprehended the terms and conditions, check the “I Agree” box.
- Congratulations! Your account has been established.
How to Login to Wells Fargo Account
- Log in to your Wells Fargo account at wellsfargo.com.
- Determine what you intend to do with the account.
- Enter the username and password you used to create the account, and you will be able to utilize Wells Fargo online banking.
What is Wells Fargo Finance?
Wells Fargo Capital Finance is the brand name for WellsFargo & Company and its subsidiaries asset-based lending, senior secured lending, accounts receivable and purchase order finance, and channel finance services.
Wells Fargo Advisor
Wells Fargo Advisors is a WellsFargo subsidiary based in St Louis, Missouri.
As of June 30, 2021, it was the third largest brokerage firm in the United States, with $1.9 trillion in retail client assets under management.
Pros
- Numerous locations: WellsFargo is one of the most conveniently accessible large banks in the United States, with roughly 4,900 branches and over 12,000 ATMs spread across 37 states and the District of Columbia.
- Frequently waived monthly costs: While Wells Fargo does charge maintenance fees on several of its deposit accounts, the bank offers many ways to eliminate them. The majority of clients will easily qualify for one of the numerous waivers.
- Innovative, secure data-sharing and money-management apps: In 2017, WellsFargo joined with Intuit to enable clients who use Mint, QuickBooks Online, and TurboTax online with a seamless and entirely secure connection.
This innovative step enables WellsFargo clients to effortlessly share data with these Intuit tools, allowing them to manage their finances without jeopardizing the security of their accounts.
Cons
- Low interest rates: Account APYs at traditional brick-and-mortar banks tend to be lower than those at Internet banks.
Nonetheless, WellsFargo offers relatively low rates (now 0.01 percent -0.02 percent) on all of its savings products.
Furthermore, every savings account has a monthly fee, which means your account may earn a negative amount if you are unable to prevent the charge—for example, if your account falls below the minimum daily balance.
- Up to three daily overdraft fees: Well Fargo charges a $35 overdraft fee for its Debit Card Overdraft Service every time you overdraw your account.
Unfortunately, the bank’s policies allow for up to three overdrafts per day, which means that a single day’s blunders may cost you $105 in overdraft fees.
If you have Overdraft Protection, you will be charged one fee per business day, but the amount may vary depending on the kind of account from which the funds are pulled to cover the overdraft.
- A history of expensive scandals: In 2016, it was revealed that Wells Fargo employees had been engaging in illegal practices for years, resulting in extra charges for customers and the opening of fake accounts, as well as improperly repossessed homes and automobiles, and that the company had been forced to pay billions in fines imposed by the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, and the Securities and Exchange Commission.
Who Is Wells Fargo Best For?
Customers who desire a well-established traditional bank with a big geographic reach will be drawn to Well Fargo. It will be ideal for individuals who:
- Require a bank with a presence in the majority of the United States, including the District of Columbia
- Easily maintain a minimum level in their checking and savings accounts in order to avoid costs
- Wish to manage their accounting and financial affairs using Mint, QuickBooks Online, or TurboTax Online.
Wells Fargo Online Banking Enrollment
To enroll in Wells Fargo online, the account holder must do the following:
- Access your accounts securely online by visiting the Wells Fargo Bank online portal from your desktop or mobile device.
- Enter your Social Security or Tax ID number.
- Your ATM/debit/credit card number, as well as your WellsFargo account or loan number
- Enter your personal information again.
- Create a username and password that include upper and lower case letters, digits, and special characters (@, percent, &, #).
- Fill in the blanks with your questions and responses.
As a Well Fargo Online customer, you must keep a valid email address in order to receive critical information about your WellsFargo accounts and timely notifications when your online documents are available.
Wells Fargo Mobile Banking App
You can use the smartphone app to deposit checks, pay bills, and transfer money, among other things.
To begin, follow the instructions outlined below.
- Get the software from the Google Play or Apple App Store.
- Agree to use biometric authentication.
Customers can also quickly and simply authenticate their mobile banking app using their fingerprint or face features.
If you are having trouble signing up for or disabling Wells Fargo Online because your device has been lost or stolen, please contact your bank at 1-866-863-6762, which is available 24 hours a day, seven days a week.
What Does Wells Fargo Offer?
Wells Fargo offers its customers a comprehensive range of traditional financial products and services.
These are some examples:
- Savings accounts
- Checking accounts
- Certificates of deposit
Savings Accounts
The Wells Fargo Way2Save Savings Account, designed expressly to encourage savings, features a low initial deposit of $25 and a monthly service fee of $5, which can be eliminated with a $300 minimum daily balance or by setting up recurring transfers from connected Wells Fargo bank accounts.
Furthermore, Wells Fargo waives the monthly cost for account holders under the age of 24.
The Save As You Go® transfer, which transfers $1 from your Wells Fargo checking account to your Way2Save account with each qualifying transaction, is another savings incentive.
These transactions include any non-recurring debit card purchases as well as any bill payments made using the WellsFargo online bill pay service.
WellsFargo also promotes the usage of your Way2Save account as an overdraft protection strategy for clients with checking accounts.
WellsFargo will move money from your Way2Save account into your checking account to cover an overdraft if you sign up for this optional service.
This service, however, does not protect you from being charged a $12.50 overdraft fee once per working day.
If a covering transfer or deposit is made on the same business day, the charge is waived.
The current APY on Way2Save accounts is 0.01 percent, and there is no minimum balance required to earn it.
They also don’t limit the quantity of monthly withdrawals you can make from the account.
Platinum Savings has an APY of 0.01 percent, but there is a connection bonus APY of 0.02 percent if you additionally link a Portfolio Relationship by Wells Fargo account.
If you close the qualifying checking account, you will forfeit the bonus rate.
Customers can start a Platinum Savings account for as little as $25, and no minimum amount is required to receive interest.
There is, however, a $12 monthly fee that may only be avoided by keeping a $3,500 minimum daily balance.
The Platinum Savings account from Wells Fargo has the ability to write checks.
| Wells Fargo Savings Accounts | ||||
| Account Name | Minimum Opening Deposit | Monthly Fee | Fee Waivers | APY |
| Way2Save | $25 | $5 | $300 minimum daily balance OR automatic savings transfers | 0.01% |
| Platinum Savings | $25 | $12 | $3,500 minimum daily balance | 0.01% |
Checking Accounts
Everyday Checking is Well Fargo’s most basic checking account choice, and it may appeal to the majority of clients.
You can start an account with $25, however you will be charged a $10 monthly fee unless you meet one of the waiver requirements:
- Make at least $500 in qualifying direct deposits per month
- Keep a $500 minimum daily balance
- Have a linked Wells Fargo Campus ATM or Campus Debit Card
- Be between the ages of 17 and 24
Debit Card
While avoiding the monthly fee is very simple, be careful of the other fees you may incur, such as a $2.50 out-of-network ATM fee and a $35 overdraft fee if you overdraw your account.
You can escape the terrible $35 fee if you sign up for Overdraft Protection with a linked savings account, but you will still have to pay a $12.50 transfer fee when the money moves from savings to checking.
Overdraft Rewind
With the Overdraft Rewind, all deposit account holders can reverse overdrafts.
Here’s how it works: if you make an ACH deposit to cover the overdraft by 9:00 a.m., WellsFargo will recalculate your balance from the previous day to incorporate the ACH payment and may reverse any overdrafts or returned items that would have occurred otherwise.
Portfolio by Wells Fargo, the bank’s premier checking account, provides consumers with several significant benefits.
The Portfolio account is essentially an interest-bearing checking account, but the 0.01 percent APY is currently unimpressive.
Unless you maintain a minimum of $20,000 (combined) in your linked accounts at the end of each statement period, expect a $25 monthly maintenance fee.
Portfolio account customers are eligible for additional benefits that may compensate for the low APY.
Account holders specifically benefit from the following:
- Fee-free Wells Fargo Personal Wallet checks, cashier’s checks, and money orders
- One overdraft Protection fee eliminated per fee period from an eligible, connected savings account
- Interest rate reductions on certain new loans and lines of credit
Account holders who maintain a qualifying balance of more than $250,000 are also eligible for free incoming wire transfers, stop payments, and Overdraft Protection transfers, as well as limitless reimbursement for out-of-network ATM fees in the United States and overseas.
Finally, WellsFargo Portfolio customers have access to Well Fargo advisors for financial advice, as well as discounts on the Wells Fargo Intuitive Investor account and the WellsTrade Online and Mobile Brokerage.
Well Fargo Clear Access BankingSM is an option for young individuals who want to handle their own money.
It is offered to minors between the ages of 13 and 16, with an adult co-owner.
Clear Access Banking, like the other checking accounts on this list, comes with a debit card that may be used for spending and ATM withdrawals.
You can configure alerts to notify you of certain account activity.
The account requires a $25 minimum deposit to open, and the $5 monthly fee is waived if the primary account holder is between the ages of 13 and 24.
| Wells Fargo Checking Accounts | ||||
| Account Name | Minimum Opening Deposit | Monthly Fee | Fee Waivers | APY |
| Everyday Checking | $25 | $10 | 10 debit card transactions or $1,500 minimum daily balance or $500 in direct deposit | None |
| Portfolio by Wells Fargo | $25 | $25 | $20,000 in combined linked bank deposits or $50,000 in linked bank, brokerage, and credit balances | 0.01% |
| Clear Access BankingSM | $25 | $5 | Primary account-holder is 13-24 years old | None |
Certificates of Deposit (CDs)
Well Fargo offers a variety of CD offerings, as well as various APY bonuses for Portfolio by Wells Fargo account members.
The Fixed Rate CD is available in a variety of terms, with a minimum beginning deposit of $2,500.
| Wells Fargo Fixed Rate CDs | |||
| Term | Minimum Opening Deposit | APY | Bonus APY |
| 3 months | $2,500 | 0.01% | 0.02% |
| 6 months | $2,500 | 0.01% | 0.02% |
| 1 year | $2,500 | 0.01% | 0.02% |
Wells Fargo Credit Cards
Wells Fargo offers credit cards to fulfill almost any banking or financial need, from cash-back cards to rewards cards to debt transfer cards.
Well Fargo provides the following credit cards:
Cash-back Credit Cards
- Wells Fargo Active CashSM Card
Rewards Cards
- com® Rewards Visa® Credit Card
- (Please keep in mind that Wells Fargo no longer accepts applications for their Propel American Express Card.)
Cards for Balance Transfers
- Wells Fargo Reflect
- (Note that Wells Fargo is no longer accepting applications for its Platinum Card.)
Other Financial Products Offered by Wells Fargo
Well Fargo provides its customers with the following products and services in addition to bank accounts and credit cards:
- Car loans
- Purchase mortgages
- Refinance mortgages
- IRAs
- Self-directed trading
- Managed investment portfolios
- Private banking
- Financial advisors
- Business loans
- Personal loans
- Student loans
Wells Fargo Customer Service
Customers can contact Wells Fargo customer service representatives in a number of ways, including:
- 24 hour phone service (1-800-869-3557)
- Meta, which is open seven days a week
- Twitter, which is available seven days a week
- A comprehensive Help area on the Wells Fargo website
Wells Fargo also has a well-rated mobile app that allows you to make banking transactions while on the go.
Beginning in 2016, WellsFargo was plagued by a seemingly never-ending string of scandals, including the creation of phony accounts, the unauthorized purchase of insurance policies for clients, improper auto-loan and mortgage practices, and the alteration of customer data, all of which were only revealed after investigations by journalists and regulators.
WellsFargo has paid out billions of dollars in government fines, criminal and civil litigation settlements, and restitution to victims.
Nonetheless, it appears certain that revelations of the bank’s malfeasance will continue to degrade its reputation in the eyes of a critical public.
WellsFargo ranks below the national average in every region except the Lower Midwest, according to the 2021 J.D. Power and Associates Retail Banking and Satisfaction Study.
How do I view my Wells Fargo Home Mortgage?
Find your mortgage dashboard in three simple steps.
- Log in or register for Wells Fargo Online®.
Sign up for Enroll Now.
- Select your mortgage account from the Account Summary page.
- Click the Explore Dashboard link in the top navigation bar.
How to Bank With Wells Fargo
Customers can open a new Wells Fargo account online or in person at a bank branch.
When you apply for an account online, you will receive an instant application status response.
Once you have a Wells Fargo account, you may manage your finances online and via the mobile app.
Wells Fargo Login Account from a Computer
Logging in to your account is a piece of cake after you’ve gone through the process of creating a login. On the left side of the Wells Fargo homepage, you’ll notice a link to sign in to your account. Simply enter your username and password into the appropriate fields.
You can save your login by checking the “Save username” box, but before you do so, consider whether or not someone could find and steal your personal information.
If you’re using a public computer or public Wi-Fi, you should think twice before clicking that box.
Wells Fargo Login Account From a Mobile Phone or Tablet
Your Wells Fargo login is valid across many devices, so you’ll use the same login for your PC as well as your mobile phone or tablet. The Well Fargo app is available for both Apple and Android devices. When you launch the app, you’ll be prompted to log in. Simply enter your login and password in their appropriate entry spaces, just as you would on your desktop.
The Wells Fargo mobile app allows you to deposit checks, transfer money, pay bills, and even set up alerts. It’s an ideal tool for proactive banking.
How Do I Get to See Wells Fargo Near Me?
It’s as simple as repeating A, B, C, and D… to find WellsFargo locations around you, because WellsFargo has given an online solution that will simply check and show you every location and branch around your area.
You can also use the website’s filter to narrow down your search for a bank location near you.
You should be able to find the nearest WellsFargo location near you with the click of a button (and the selection of a few options).
So, follow the steps outlined below to find Well Fargo stores near you.
- Go to the Wells Fargo Location Check site
- Enter your location’s address, city, or zip code in the search box.
- Finally, click the ‘Search’ button to see your results.
Install the Wells Fargo Mobile App for Fast Transactions.
Both Android and iOS users can access the mobile app.
Alternatively, you can go to your app store and search for “Wells Fargo” to find the official app.
Wells Fargo Number
009 1 775-335-1115
FAQs
Is Capital One owned by Wells Fargo?
Signet Financial Corp (now part of Wells Fargo) announced the corporate spin-off of its credit card division, OakStone Financial, on July 21, 1994, designating Richard Fairbank as CEO.
In October 1994, Signet rebranded its subsidiary Capital One, and the spin-off was finalized in February 1995.
Is the Wells Fargo app any good?
Customers of Wells Fargo can conveniently manage their accounts online or using the well regarded Wells Fargo mobile app. The app has received 4.8 out of 5 ratings on the App Store and 4.8 out of 5 stars on Google Play.
How do I install the Wells Fargo app?
Text IPH to 93557 on iOS. Text AND to 93557 on Android. We’ll send you an email with a link to download the Wells Fargo app to your mobile device. You consent to receive a one-time text message from Wells Fargo with a link to download the Wells Fargo Mobile app by texting IPH or AND to 93557.
What happened to the Wells Fargo CEO?
On October 12, 2016, Stumpf resigned as chairman and CEO of Wells Fargo following a scandal involving client accounts and subsequent criticism from the public and politicians.
Timothy J. Sloan succeeded him.
Is it difficult to obtain a Wells Fargo active cash card?
Yes, the Wells Fargo Active Cash® Card is difficult to obtain because it requires at least excellent credit to be approved.
You will have a difficult time getting authorized for the Wells Fargo Active Cash unless your credit score is 700 or above and you have a lot of money.
Conclusion
Customers looking for a well-established and well-rounded financial organization may find WellsFargo to be a good choice. This bank not only has a vast geographic footprint, but it also has every form of account, product, and service you could possibly need—a genuine one-stop banking shop.
