Wells Fargo Bank Online – Wells Fargo, established in 1852 during the California gold rush, has played a key role in American banking for 170 years and is one of the country’s best banks. After being plagued by multiple high-profile scandals in the mid-2010s, the bank has been attempting to repair its image and rebuild its reputation by providing high-quality service and technology advancements.
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Wells Fargo Bank Online Review
Customers who desire a well-established traditional bank with a big coverage area will like Wells Fargo. Everyone can avoid fees by maintaining a minimum balance in their checking and savings accounts. You can manage your accounting and financial affairs with Mint, QuickBooks Online, or TurboTax Online.
Smart and Secure Data Sharing Apps
Wells Fargo teamed with Intuit1 in 2017 to give customers using Mint, QuickBooks Online, and TurboTax Online a seamless and entirely secure connection. This ground-breaking action allows Wells Fargo clients to seamlessly share data with these Intuit tools, allowing them to manage their finances without jeopardizing the security of their accounts.
Wells Fargo is one of the most widely accessible big banks in the United States, with 5,400 branches and 13,000 ATMs spread over 36 states and the District of Columbia.
Regular Monthly Fees Waivers
While a majority of Wells Fargo’s deposit accounts are subject to maintenance fees, the bank offers a number of ways to avoid them. The majority of clients will easily qualify for one of the various waivers available.
Wells Fargo Bank Online Highlights
Customers of Wells Fargo can choose from a wide range of financial products and services. These are some of them:
- Savings accounts
The Wells Fargo Way2Save Savings Account includes a low minimum deposit of $25 and a $5 monthly service fee that can be eliminated with a $300 minimum daily balance or by setting up a recurring, automated savings option. Furthermore, for account holders under the age of 18, Wells Fargo waives the monthly fee automatically.
The Save As You Go Transfer, which moves $1 from your Wells Fargo checking account to your Way2Save account with each qualified transaction, is another savings incentive. Any non-recurring debit card purchases, as well as any bill payments made using the Wells Fargo online bill pay service, are included in these transactions.
Customers with checking accounts can now utilize their Way2Save account as overdraft protection, according to Wells Fargo. Wells Fargo will move money from your Way2Save account into your checking account to cover an overdraft if you sign up for this optional service.
Nevertheless, you will still be charged $35 each overdraft, up to a maximum of three overdrafts every business day, if you use this service. The current APY on Way2Save accounts is 0.01 percent, and no minimum deposit is expected to benefit.
- Checking accounts
Wells Fargo’s basic checking account choice, which will appeal to the bulk of clients, is Everyday Checking. You can start an account with just $25, but you’ll have to pay a $10 monthly charge until you satisfy one of the waiver criteria:
- Make at least 10 debit card purchases per month with your posted card.
- Have a minimum of $500 in monthly eligible direct deposits.
- Maintain a minimum daily balance of $1,500.
- You must be between the ages of 17 and 24 years old.
- If you are a college student with a Wells Fargo Campus ATM or Campus Debit Card linked to your account.
Although it is kind of simple to avoid the monthly fee, be mindful of the other fees that may apply, such as a $2.50 out-of-network ATM fee and a $35 overdraft fee if your account is overdrawn. You can avoid 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 charge when the money transfers to checking from savings.
- Certificates of deposit
Wells Fargo provides a selection of CD products, as well as various APY bonuses for Portfolio by Wells Fargo customers.
There are numerous options available for the Fixed Rate CD, including a Special CD with a five-month term and a $5,000 minimum initial deposit.
- Credit cards
From cash-back cards to rewards cards to cards that are well-suited for balance transfers, Wells Fargo has a credit card to fulfill practically any banking or financial need. Here are a few of Wells Fargo’s credit cards:
- Wells Fargo Visa Signature Card
- Wells Fargo Propel American Express Card
- Wells Fargo Rewards Card
Cards for Balance Transfers
- Wells Fargo Cash Wise Visa Card
- Wells Fargo Platinum Card
Cash-back Credit Cards
- Wells Fargo Cash Back College Card
Wells Fargo’s Other Financial Products
Wells Fargo provides the following products and services to its clients in addition to bank accounts and credit cards:
- Business loans
- Financial advisors
- Managed investment portfolios
- Home equity loans
- Student loans
- Car loans
- Purchase mortgages
- Refinance mortgages
- Home equity lines of credit (HELOCs)
- Self-directed trading
- Private banking
- Business loans
- Personal loans
Wells Fargo Customer Service
Customers can reach Wells Fargo customer service agents in a variety of ways, including:
- Twitter online chat, available 7 days a week
- Facebook, available 7 days a week
- Wells Fargo Bank Online Phone number, open 24/7 (1-800-869-3557)
- On the Wells Fargo website, there is a detailed Help section.
Wells Fargo Bank Online is also made easy by a popular mobile app that lets you manage your finances while on the move. On Apple and Android smartphones and tablets, the Wells Fargo mobile app provides fast and safe access to your account.