I started my checking account back when I was banking with Wachovia, and my checking at that tine was truly free--no minimum balances required to keep from paying monthly fees, lower overdraft charges, etc. When Wells Fargo bought Wachovia, my account was converted, and I haven't been all that happy with it since. They instituted the monthly fee for clients who don't have direct deposit or maintain a (somewhat ridiculous) minimum monthly balance. They raised the fees for overdrafts significantly. They seem determined to take more of my money every month while claiming to be "free" than their predecessor did. But the part I find most irritating is that the completely user-friendly and transparent online account that I like so much when I banked with Wachovia was replaced with a system that makes it really difficult to keep track of your actual balance. Their balance alert system, which I am signed up for via text, is also sometimes delayed nearly twenty-four hours before I receive an alert after my balance changes; someone who had stolen my debit card could have had a field day in that amount of time before I ever received notification. All in all, not recommended and the only reason I haven't sought out a new bank is that moving accounts is a hassle I simply don't have time for at the moment.
Wells Fargo Everyday Checking
- MONTHLY FEE None
- MIN BALANCE TO AVOID MONTHLY FEE N/A
- OTHER WAYS TO AVOID MONTHLY FEE N/A
- OVERDRAFT FEE $35
- NEGATIVE ACCOUNT BALANCE FEE $0
- IN-NETWORK ATM TRANSACTION FEE None
- ATM NETWORK SIZE 13000 ATMs
- OUT-OF-NETWORK ATM TRANSACTION FEE $2.50
- REBATE OF ATM OWNER SURCHARGE Not Offered
- FOREIGN ATM FEE 3% (and $5)
- DEBIT CARD VISA
- DEBIT CARD FOREIGN TRANSACTION FEE 3%
Wells Fargo Everyday Checking Additional Info
- REWARDS No
- ONLINE BILL PAY FEE $0 per month
- ADDITIONAL REQUIREMENTS The primary account owner must be 17 to 24 years old
- $0 Monthly service fee for college-age students – when the primary owner of the account is 17-24 years old
- Budgeting, cash flow, and spending tools, plus the convenience of direct deposit
- Free access to more than 13,000 Wells Fargo ATMs
The graph above is based on WalletHub data. Actual rates may vary. For time periods with multiple applicable rates in our database, based on different criteria, the above graph reflects the lowest interest rate recorded. Before submitting an application, always verify the rates, fees, and all terms and conditions with the respective financial institution.
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Can I get an overdraft protection plan on an Everyday Checking account? Say I go to a store and I need an extra $50.00 but I don't have the funds in my account. Will the bank offer me that overdraft? Reply 31
What is the daily spending limit with an ATM card? Does that include withdrawn money from the ATM? Reply 1
Wachovia gave each of us $1,000 Freelife and disability insurance with our checking account. Does Wells Fargo offer that? Reply 1
Wells Fargo Everyday Checking Reviews
I have had Wells Fargo accounts in the past. I really enjoyed the customer service at my local branch. Unfortunately, the monthly fees to me are ridiculous. I live paycheck to paycheck and couldn't keep a certain amount maintained in my account to avoid to the service charges, so in the end it made me search for another branch. I do have to say the customer service is on point at every Wells Fargo I ever visited though!
I've been a customer of Wells Fargo since I was 8 years old. It was called "Central Fidelity" back then, switched to Wachovia and then Wells Fargo. Overall, their business practices are pretty standard within the industry. They are a for-profit company and it shows. One of their most frustrating practices though, is that each morning, they put through debits to the account before they put through deposits. This means that if you've setup a transaction to debit knowing you have a deposit to back it up, you could potentially overdraft. I find this to be shady and deceptive. They act like they care about the consumer but their practices say otherwise.
This account is pretty good overall. However, I have had some issues with meeting the requirements for it to be free. I have to have an automatic transfer of $25 from this checking account to my savings account every month, which to be honest is really annoying. I forgot about this automatic transfer one month and made some purchases with my debit card, which resulted in my account being overdrawn. Thankfully, Wells Fargo was very understanding about the situation and reversed my overdraft fees for me. I wouldn't recommend this account unless you don't mind having an auto transfer happen every month.
Wells Fargo is the biggest nickel and dime you to death bank I have ever had the misfortune of dealing with. And then, when they "mistakenly" deposited my pay check into someone else's account, that was the last straw. I left and never turned back. Well I should say I left and never turned back after almost 2 weeks of haggling to get MY money put into MY account. Just avoid at all costs.
I used to be with wells fargo because my parents had an account there and they liked it. The main issue I had was that unless you keep thousands in your account at all times, you may run into problems. Occasionally I would notice that I would be charged a $10.00 monthly fee to my checking account, for no good reason other than because I didn't have a lot of money in there. I mean how does that even make sense? Charge me more money because I don't have a lot in there? I left wells fargo and went with a credit union that doesn't try to nickle and dime me.
I have had the same checking account since 1985 - it has bounced around between Central Fidelity, Jefferson Bank, Wachovia, and has now landed at Wells Fargo. Overall, the experience with Wells Fargo has been pretty good- they have great customer service and also worked with me one on one when I had an identity theft issue. I would prefer a checking account with a better interest rate, but otherwise I am content where I am.