Wells Fargo Checking Account Review: Variety of Options for Customers

Learn about the Wells Fargo Everyday Checking account and more.

Wells Fargo’s Everyday Checking account comes with the bank’s most popular features, including compatibility with the Wells Fargo mobile app, a platinum debit card and customizable alerts.

With a small opening deposit and low monthly fee, the account is suited for anyone who wants a convenient checking account without having to meet a balance minimum.

Wells Fargo Everyday Checking at a Glance 
Wells Fargo Checking Account Minimum Opening Deposit$25
Wells Fargo Monthly Service Fee$10; waived if you have 10 or more posted debit card purchases/payments each fee period, qualifying direct deposits totaling $500 or more, a $1,500 minimum daily balance, or a linked Wells Fargo Campus ATM or Campus Debit Card (for college students); also waived if the primary account owner is 17 to 24 years old
Other Wells Fargo Checking Account Fees 
  • $2.50 fee for cash withdrawal at U.S. non-Wells Fargo ATMs
  • $35 overdraft and returned item fees
  • $10 per cashier’s check
Wells Fargo Checking Account Offers/RewardsN/A
  • Low minimum opening deposit
  • Low monthly fee, which can be waived
  • No intro offers or rewards
  • Balances don’t earn interest

In This Review:

What You Need to Know About Wells Fargo Everyday Checking

The Wells Fargo Everyday Checking account is the bank’s most popular checking account, likely because it requires a very small opening deposit. The account comes with mobile app management capabilities, zero liability protection, easy ways to make payments as well as 24/7 access to your account and customer support.

Best For: 

  • Anyone seeking convenience
  • College students
  • Customers with lower account balances

How to Open a Checking Account: All the Documents You Need

Best Features of the Wells Fargo Everyday Checking Account

The Everyday Checking account from Wells Fargo comes with a number of standard features that make it easy and safe to use:

  • Online bill pay
  • Online transfers
  • Mobile deposit
  • Platinum debit card with chip technology
  • 24/7 access to customer service
  • Free withdrawals and deposits at more than 13,000 Wells Fargo ATMs
  • Tools to help you budget and monitor your cash flow and spending
  • Text banking

The Everyday Checking account can be linked to a Wells Fargo savings account to provide you with overdraft protection. The account can also be linked to the Wells Fargo Daily Change app, which can help you meet savings goals by providing an easy way to transfer funds from your checking account to a Wells Fargo savings account.

In addition to the Everyday Checking account, there are four other Wells Fargo checking options that might better suit your banking needs.

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Wells Fargo Preferred Checking

The Preferred Checking account is geared toward customers who have higher account balances and want to earn interest on their funds. It’s also a good option for customers who have a Wells Fargo Home Mortgage. Here are some of the account’s key features:

  • Earn interest on balances of $500 or more
  • No-fee cashier’s checks
  • $10 discount on personal style checks
  • $25 minimum opening deposit
  • $15 monthly service fee; waived if you have $10,000 in combined minimum deposit balances each fee period, qualifying direct deposits totaling $1,000 or more, or a linked Wells Fargo Home Mortgage

Portfolio by Wells Fargo

Portfolio by Wells Fargo comes with the bank’s premium level of benefits and services. This program allows customers to earn rewards, receive loan discounts and get bonus savings rates across linked accounts. Although an interest-earning checking account is at the base of this program, it offers other financial management tools as well. These are the key features of this account:

  • Bonus interest rates and fee waivers
  • 24/7 phone support from the Wells Fargo Premier Banking Team
  • $25 minimum opening deposit
  • $30 monthly service fee; waived if you have $25,000 or more in qualifying linked bank deposits each fee period, or $50,000 or more in qualifying linked bank, brokerage and credit balances

Wells Fargo Teen Checking

This checking account is designed specifically for teens who want to start building good money habits early. Accounts can be opened by those between ages 13 to 17 — or 18 in Alabama. The accounts can easily be monitored by parents, so you can keep track of your teen’s activity. Perks of this account include:

  • Debit card
  • Parents can set limits on purchases and withdrawals
  • Activity can be checked via mobile phone or online
  • $25 minimum opening deposit
  • $0 monthly service fee

Wells Fargo Opportunity Checking

If you’ve been unable to open a standard checking account due to poor credit or your past banking history, you can get back into checking with the Opportunity Checking account from Wells Fargo. This account offers the same standard conveniences as traditional accounts, and is suitable for customers with lower account balances. This account comes with:

  • Mobile banking access
  • Standard banking features, including checks, debit card and online bill pay
  • $25 minimum opening deposit
  • $10 monthly service fee; waived for the fee period if you have 10 or more posted debit card purchases/payments, qualifying direct deposits totaling $500 or more, or a $1,500 minimum daily balance

Related: How to Avoid Wells Fargo Checking Account Fees

Wells Fargo Checking Accounts: Something for Everyone

With five different personal checking accounts available, Wells Fargo bank offers different accounts to suit different customers and their needs. For people with low balances or who wouldn’t otherwise qualify for a traditional checking account, there are the Everyday Checking and Opportunity Checking accounts. For those who can maintain a higher account balance and want to earn interest on their funds, there’s Preferred Checking and Portfolio by Wells Fargo. And, for those just starting to get into checking, there’s the Teen Checking account.

Keep reading to find the best checking account bonuses and promotions available today.

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

About the Author

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert.