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Wells Fargo Everyday Checking account review

Wells Fargo Everyday Checking
3.5
★★★★★
Finder score

Wells Fargo Everyday Checking isn't available on Finder right now.

Fee
$10 per month
APY
N/A
Minimum deposit to open
$25

Our verdict

A basic checking account with an option for no monthly fee.

The Wells Fargo Everyday Checking account is a solid choice for those who value a large branch and ATM network and those who can waive the $10 monthly fee. However, the account has drawbacks, such as a $35 overdraft fee if you opt out of overdraft protection services. It also lacks some perks available with other checking accounts, such as a competitive APY or cash back.

Best for: Those who prefer traditional banking and can waive the monthly fee.

Pros

  • Multiple ways to avoid monthly fee
  • Large ATM network
  • Over 5,600 branches
  • Convenient mobile app
  • Optional overdraft protection

Cons

  • Minimum opening deposit
  • Potential monthly service fee
  • High overdraft fees without protection service
  • No APY or cashback rewards

In this guide

  • Our verdict
  • Your reviews
  • Ask a question

What we like about Wells Fargo Everyday Checking

Wells Fargo’s Everyday Checking offers flexibility and convenience, making it a strong choice for everyday banking.

You can avoid the $10 monthly service fee if you’re a student between the ages of 17 and 24. You can also avoid the monthly fee by meeting one of several criteria:

  • Maintain a $500 minimum daily balance
  • Receive $500 or more in total qualifying electronic deposits
  • Link the account to a Wells Fargo Campus ATM Card or Campus Debit Card
  • Receive qualifying monthly non-civilian military direct deposit with the Wells Fargo Worldwide Military Banking program

This flexibility is more generous than options like Chase Total Checking, which has higher requirements for waiving fees.

Early access to direct deposits

With the Early Pay Day feature, you can access your eligible direct deposits up to two days early.

Extensive ATM network

Wells Fargo provides free access to over 11,000 ATMs nationwide, giving customers the convenience of fee-free withdrawals.

Robust digital and mobile banking

The Wells Fargo mobile app is highly rated, with 4.9 stars from over nine million reviews, and offers a suite of digital tools such as Zelle and a budget planner to make banking easier.

Overdraft service

You can choose to pay a standard overdraft fee of $35, or you can choose to decline transactions if you don’t have enough money in your account.

Where it falls short

When considering a Wells Fargo checking account, there are a few key factors to keep in mind. First, the account requires a $25 minimum deposit to open and charges a $10 monthly service fee unless you meet the criteria we mentioned previously. Additionally, Wells Fargo’s overdraft fee is $35 per transaction — higher than those at smaller institutions.

Wells Fargo does not process deposits on weekends, which may result in longer processing times. And the account doesn’t offer extra perks like cashback rewards or a competitive APY that you can find with other rewards checking accounts in the market. Before opening an account, it’s essential to weigh these factors and compare them with other options to find a checking account that best suits your needs.

For a broader overview, check out our guide to checking accounts.

Wells Fargo Everyday Checking’s fees and access

Type of feeFee details
Monthly service$10 (waivable)
Opening deposit$25 (minimum)
ATMs
  • Domestic: $0 within network, $3 out-of-network withdrawal fee
  • International: $5 withdrawal fee outside US
Debit card fees
  • Cash withdrawals: $0
  • Foreign transactions: 3% of transaction amount
Overdraft or nonsufficient funds$35 per item (no fee on items $5 or less)
Wire transfers
  • Incoming
    • Domestic: $15
    • International: $15
  • Outgoing
    • Domestic: $25
    • International: $25
Other fees
  • Cashier’s checks: $10 each
  • Money order: $5 each

Compare Wells Fargo Everyday Checking to other top checking accounts

There’s a lot to consider when choosing a checking account — tick the Compare box next to each provider to compare up to four accounts side by side.

1 - 6 of 20
Name Product USFSA-CHK Fee Minimum deposit to open Annual Percentage Yield (APY) Offer
SoFi Checking and Savings
Finder Score: 4.5 / 5: ★★★★★
Bonus
SoFi Checking and Savings
$0 per month
$0
Up to 4.20%
Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until December 31, 2024.
Upgrade Rewards Checking Plus
Finder Score: 4.3 / 5: ★★★★★
Upgrade Rewards Checking Plus
$0 per month
$0
N/A
Axos ONE
Finder Score: 4.2 / 5: ★★★★★
Axos ONE
$0 per month
$0
4.86% on balances of $0+
1.00% on balances of $0+
0.51% on balances of $0+
Step Black Card
Finder Score: 4.3 / 5: ★★★★★
Step Black Card
From $0 per month
$0
4.00% on balances of $0 to $1,000,000
Chime® Checking Account
Finder Score: 4.8 / 5: ★★★★★
Bonus
Chime® Checking Account
$0 per month
$0
N/A
Refer a friend to Chime using your referral link, and if they complete a $200 direct deposit within 45 days of opening their new account, you both get $100.
Bank of America Advantage SafeBalance Banking®
Finder Score: 4.5 / 5: ★★★★★
Bonus
Bank of America Advantage SafeBalance Banking®
$4.95 per month
(can be waived)
$25
N/A
$300 Bank of America Advantage Banking offer: See offer page for more details. Bank of America, N.A. Member FDIC.
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Customer experience

Despite its 172 years in business, Wells Fargo is not accredited by the Better Business Bureau (BBB) and has a low F rating, thanks to past troubles with regulators. With over 68 million customers, it’s not unexpected that the bank receives a lot of negative feedback, as many people use the BBB to report problems rather than commend services. Frequently reported issues with the Everyday Checking account involve difficulties in handling fraud claims and delays in getting reimbursed for unauthorized transactions.

Wells Fargo as a business also has a “bad” rating of 1.4 stars out of five on Trustpilot. Like the BBB, this is expected, given how large Wells Fargo is. Common complaints regarding their checking accounts include difficulty depositing funds and unresolved fraudulent activity.

According to Wells Fargo, they serve one in three households across the US. Despite thousands of negative reviews on BBB and Trustpilot, they’re a renowned bank trusted by millions.

BBB accreditedNo
BBB ratingF
BBB customer reviews1.07 out of 5 stars, based on 970 customer reviews
Trustpilot score1.4 out of 5 stars, based on 343 customer reviews
Apple App Store Score4.9 out of 5 stars, based on 9,300,000 customer reviews
Google Play Score4.8 out of 5 stars, based on 2,510,000 customer reviews
Customer reviews verified as of14 October 2024

Frequently asked questions

Can I open my Everyday Checking as a joint account?

Yes, Wells Fargo offers the option to open your Everyday Checking account as with another applicant. However, you can only open joint accounts at a physical branch location.

Is my money safe in a Wells Fargo Everyday Checking account?

Yes, Wells Fargo checking accounts are FDIC-insured up to $250,000.

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.
Read the full methodology of how we rate checking accounts.

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