How To Open a Wells Fargo Account in 3 Steps

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With over 7,200 branches and 13,000 ATMs, Wells Fargo banks are a common sight for Americans nationwide. And with products offering competitive fees and a wide range of accounts to choose from, it can be an attractive option despite its relatively low interest rates.

Opening a Wells Fargo bank account is simple, and you can do it yourself online or in person at a local branch. In this guide, you’ll learn how to open an account. This guide also looks at Wells Fargo’s checking and savings account fees and features and how Wells Fargo stacks up against other banks.

Steps To Open a Wells Fargo Bank Account

Despite a 2016 scandal resulting from sales practices at the time, opening a Wells Fargo bank account makes sense due to its wide availability of physical locations and ATMs. If that controversy makes you wary, rest assured that Wells Fargo has revamped its strategy to restore team members’ and customers’ trust by making a great customer experience its highest priority.

Here are a few simple steps you’ll need to follow to open an account with Wells Fargo.

Earn Perks With A New Checking Account

1. Gather Required Personal Information

Collect all the information Well Fargo needs to properly identify you and remain compliant with banking laws:

If you open your account online rather than in person, you might have to scan your ID and attach it to your application or fax it to the bank.

2. Choose a Wells Fargo Bank Account

Explore all of Wells Fargo’s checking and savings account options and decide which is best for you. Wells Fargo currently has four checking accounts and two savings accounts available, and each has its benefits and drawbacks.

Wells Fargo Checking Accounts

Earn Perks With A New Checking Account

Wells Fargo Savings Accounts

3. Fill Out the Online Application or Apply in Person

Wells Fargo makes it fast and easy to open a bank account online. Gather the required personal information and the $25 opening deposit. You’ll be asked a few questions, such as whether you are a current customer and whether you want a joint or individual account. From there, you can choose the account you’d like to apply for and complete the application.

Earn Perks With A New Checking Account

You can also talk to a banker in person by visiting any of Wells Fargo’s branch offices near you or calling a customer service representative. Representatives are available 24/7 at 866-245-3452.

Wells Fargo Checking Account Fees and Features

Wells Fargo offers checking accounts for customers at every financial stage of their lives. Although all accounts have a minimum opening deposit, you can have most of the monthly fees waived when you meet certain requirements.

The Wells Fargo Card Design Studio is an additional feature worth noting — you can insert your favorite image onto your Wells Fargo debit card and/or credit card, free of charge.

Here are the fees and features of each Wells Fargo checking account.

Wells Fargo Everyday Checking

Wells Fargo Preferred Checking

Earn Perks With A New Checking Account

Wells Fargo Clear Access Banking

Portfolio by Wells Fargo

Wells Fargo Savings Account Fees and Features

You can open a Wells Fargo savings account or CD individually or jointly through Wells Fargo Online or by calling or visiting a nearby branch office. The interest you earn on your deposits makes your money grow and helps to secure your long-term financial future.

Wells Fargo offers two popular savings accounts in addition to time accounts, each with benefits and features to meet your individual financial needs.

Way2Save Savings

Earn Perks With A New Checking Account

Platinum Savings

Wells Fargo CDs

How To Avoid Unwanted Fees

Most banks’ checking and savings accounts charge monthly fees unless the customer maintains a minimum average daily balance, and those aren’t the only fees you need to worry about. Here are some tips to help you hold on to more of your money.

Preventing Unwanted Fees

  • Avoid ATM fees: Find an in-network ATM near you to make fee-free withdrawals, or open a Portfolio by Wells Fargo account, which waives all ATM fees.
  • Set up email alerts: Set up free alerts via Wells Fargo’s website or app to be notified when your account balance dips below any amount you specify.
  • Avoid overdrafts: Open a Wells Fargo account offering overdraft protection or Overdraft Rewind to avoid costly overdraft fees. Also, use Wells Fargo’s app or phone support to keep track of your checking and savings account balances.

Earn Perks With A New Checking Account

What To Consider Before Opening a Wells Fargo Account

Wells Fargo’s financial products cover almost every area of consumer finance. But like every bank, Wells Fargo has its pros and cons.

Pros of Wells Fargo:

Cons of Wells Fargo:

Wells Fargo has some good points and some bad, so it’s important to weigh each of these pros and cons to determine if Wells Fargo is the best choice to meet your financial needs.

Actively Monitor Your Wells Fargo Accounts

Once you’ve set up your checking or savings account, you can manage it with instant alerts sent to your email or mobile device. That way, you’ll be notified right away when a transaction takes place. Wells Fargo also offers the following ways to monitor your account:

How Does Wells Fargo Stack Up Against Other Banks?

Here’s a look at how Wells Fargo compares to other large banks in terms of checking and savings account fees and interest rates.

Wells Fargo vs. Competitors: How Their Fees and Rates Compare

Wells Fargo

TD Bank

Bank of America


Capital One

U.S. Bank

Is Wells Fargo the Bank for You?

Wells Fargo has a range of products available — including four checking accounts and two savings accounts — for all types of customers. No matter which one you choose, you can open it online or in person with the required personal information and a $25 opening deposit.

Once you open your account, you’ll be subject to monthly maintenance fees, but Wells Fargo will waive those fees if you meet specific requirements.

When considering Wells Fargo, keep in mind that it has lower interest rates than some other banks. If the low interest is acceptable to you, Wells Fargo may be a great option. You can open an account by dropping by a Wells Fargo branch near you.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of April 15, 2021.

This content is not provided by Wells Fargo. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Wells Fargo.