How to open a new checking account Wells Fargo?

Established in 1852 and with its headquarters in San Francisco, Wells Fargo provides banking products including certificates of deposit (CDs), loans to individuals, small businesses, and corporations in 36 states and Washington, D.C., checking accounts, savings accounts, With almost 4,000 branches around the country and over 11,000 automated teller machines, Wells Fargo boasts a highly regarded mobile app.We will cover all topics related to How to open a new checking account Wells Fargo in this article

What do I need to open up a checking account at Wells Fargo Bank?

You need the following details to open a checking account at Wells Fargo Bank

• Your Social Security number.
• Valid ID (driver’s license, state ID, Consular ID)
• Current residential address.
• $25 opening deposit.
• IDs required to open (plus co-applicant’s information if applicable).

Can I have two checking accounts in Wells Fargo?

Wells Fargo offers several banking services and account options, including multiple checking and savings accounts and CDs ranging from three to 120 months to help you earn more on set-aside funds, wealth management, and loan opportunities.

What is the minimum balance to avoid fees at Wells Fargo?

Designed for your daily financial needs, daily checking gives you quick access to your money, handy banking choices, and One of the following each price period can let you avoid the monthly service fee: $500 Minimal daily balance: $500 or more in total qualified electronic transfers.

Can I use my Wells Fargo ATM card internationally?

Wells Fargo offers a wide range of credit and debit cards, with most issued on the Visa network. While you typically face a 3% foreign transaction fee and ATM withdrawal fees abroad, you can use all Wells Fargo cards internationally wherever the network is accepted.

Wells Fargo rates and products

Wells Fargo helps you earn more on set-aside cash by offering a wide range of banking services and account options, including various checking and savings accounts, as well as CDs ranging from three to 120 months. They also provide asset management and lending opportunities.

Product	APY
Checking accounts	0%–0.01%
Savings accounts	0.01%–2.50%
CDs	1.50%–5.01%

Checking accounts

Wells Fargo provides four personal checking accounts with a minimum opening deposit of $25. These are not free checking accounts—you’ll need to pay a $5–$35 monthly fee, depending on your account type and eligibility for waivers.

Wells Fargo checking account features
Minimum opening deposit	$25
Monthly fees	$5–$35
Top APY	0.01%
Minimum daily balance requirement	$0
Account research, balance inquiry, and statement copy fees	None
Stop payment fee	None
Debit cards	Available

Clear Access Banking℠ 

This checking account enables physical and mobile banking:

• Monthly service fee: $5
• Standard interest: None
• APY: None
• Overdraft services: None
• Cashier’s checks: $10
• Use of non-Wells Fargo ATM: $2.50
• Money order fee: $5
• International purchase fee: 3%
• Waiver: $0 monthly service fee for 13- to 24-year-olds, account holders with Wells Fargo Campus ATM card or Campus Debit card, and eligible military direct deposit accounts

Everyday Checking

Wells Fargo’s everyday checking account enables overdraft protection:

• Monthly service fee: $10
• Standard interest: None
• APY: None
• Overdraft services: Up to three times per day
• Overdraft fee: $35
• Cashier’s checks: $10
• Use of non-Wells Fargo ATM: $2.50
• Money order fee: $5
• International purchase fee: 3%
• Waiver: No $10 monthly service fee for account holders below age 24, with a $500 daily minimum balance, $500 in total qualifying direct deposits, accounts linked to a campus debit card or ATM card, or eligible monthly non civilian military direct deposit with the Wells Fargo Worldwide Military Banking program

When you open a new Wells Fargo Everyday checking account, you’ll get a $300 checking account bonus if you receive $1,000 in direct deposits within the first 90 days.

Prime Checking 

Wells Fargo’s prime checking account holders enjoy more benefits, including APY and discounted rates on some loans:

• Monthly service fee: $25
• Standard interest rate: 0.01%
• APY: 0.01%
• Cashier’s check: Available for free
• Personal wallet checks: $0
• Overdraft services: Up to three times per day
• Overdraft fee: $35
• Use of non-Wells Fargo ATM: $0
• Money order fee: None
• International purchase fee: 3%
• Safe deposit box rental: Discounted
• Foreign currency cash purchases: 1% discount
• Waiver: No $25 monthly service fee for $20,000-plus balance in linked accounts

Premier Checking

Recommended for those with higher balances, the Wells Fargo Premier checking account offers all Prime checking benefits and more, but you’ll need to visit a Wells Fargo branch to open one.

Some premier checking account features:

• Monthly service fee: $35
• Standard interest rate: 0.01%
• APY: 0.01%
• Cashier’s check: Available for free
• Personal wallet checks: $0
• Overdraft services: Up to three times per day
• Overdraft fee: $35
• Money order fee: None
• Use of non-Wells Fargo ATMs: $0
• Customer service: 24/7; Priority
• Investment advisory fee: 0.10% discount
• International purchase fee: None
• Foreign currency cash purchases: 2% discount on exchange rate
• Waiver: No monthly service fee for accounts with $250,000 balance at each statement period

Savings accounts

Wells Fargo offers customers two saving account options, Way2Save and Platinum savings, which are both FDIC-insured, so your savings are safe.

Wells Fargo savings account features
Minimum opening deposit	$25
Monthly fees	$5–$12
Top APY	2.50%
ATM card	Available
Age requirement	18 years
Joint savings accounts	Available

Way2Save

While the Wells Fargo Way2Save account is not a high-yield savings account, it offers built-in savings features like the Save As You Go® transfer, which transfers $1 from your linked checking account whenever you make an online bill payment or a purchase with your debit card. You can also set daily or monthly automated transfers from a linked checking account to your savings account. Customers also receive debit cards to withdraw cash:

• Monthly service fee: $5
• Standard interest rate: 0.01%
• APY: 0.01%
• Relationship interest: None
• Relationship APY: None
• Overdraft protection: Optional
• Waiver: No monthly service fee for under age 24 account holders and those with a $300 minimum daily balance, an automated transfer, or a linked Wells Fargo checking account

Platinum Savings

Platinum Savings account holders earn interest on their savings and can access their funds through checks and ATM withdrawals:

• Monthly service fee: $12
• Standard interest rate: $0.25% to $2.47 (compounded daily)
• APY: 0.25% to 2.50%
• Relationship interest: 0.26%–2.48%
• Relationship APY: 0.26%–2.51%
• Checks: Available
• Overdraft protection: Optional
• Withdrawals: Unlimited
• Waiver: No monthly service fee for account holders with a $3,500 minimum daily balance

Certificates of deposit from Wells Fargo

Wells Fargo offers one special and three standard CDs, but you can visit a branch to start other CD terms for up to 120 months. Wells Fargo’s CD interests are compounded daily, with multiple payment period options made available to customers. At maturity, you can modify your chosen term, add funds, withdraw deposits and interests, or close your Wells Fargo CD account.

However, note that Wells Fargo doesn’t offer the best CD rates. Some banks offer better CD rates alongside multiple terms and lower minimum deposits.

Wells Fargo CD features
Available term lengths	3 months, 6 months, 7 months, and 1 year
APY range	1.50%–4.75%
Relationship APY	1.59%–5.01%
Relationship interest rate	1.50%–4.89%
Early withdrawal penalty	1–12 months’ interest

Standard Fixed Rate CDs

• Term length: 3 months, 6 months, or 1 year
• Minimum opening deposit: $2,500
• Standard interest rate: 1.49%–4.40%
• APY: 1.50%–4.50%
• Relationship interest rate: 1.50%–4.41%
• Relationship APY: 1.51%–4.51%

Special Fixed Rate CD

• Term length: 7 months
• Minimum opening deposit: $5,000
• Special interest rate: 4.64%
• APY: 4.75%
• Relationship interest rate: 4.89%
• Relationship APY: 5.01%

Wells Fargo CD rates

Wells Fargo offers various standard interest rates, APY, relationship interest rates, and relationship APYs on CDs. The rates range from 1.49% to 5.01%, depending on the term, balance, and type of interest.

3-month CD	4.40%–4.51%
6-month CD	2.47%–2.51%
7-month CD (special)	4.64%–5.01%
1-year CD	1.49%–2.01%

Additional Services Provided by Wells Fargo

• Credit Cards: In addition to its various checking, savings, and CD accounts, Wells Fargo offers a range of other products and services to its clients.
• Wells Fargo provides numerous credit card options, such as the Wells Fargo Active Card and Wells Fargo Reflect Card. These cards come with zero liability protection, no annual fees, and bonuses on approved purchases. Wells Fargo is also developing business credit cards.
• Personal Loan: You can take out personal loans from Wells Fargo and repay them over 12 to 84 months, whether for home improvements, major purchases, or other personal needs.
• Education Loan: Wells Fargo helps cover educational expenses, including college tuition.
• Auto Loan:For auto loans, Wells Fargo offers terms between 36 and 72 months and partners with 11,000 automotive dealers across the U.S. Longer loan terms typically come with higher costs.
• Home Loan:For home purchases, Wells Fargo provides a variety of mortgage options, including Veterans Affairs (VA) loans and Federal Housing Administration (FHA) loans.
• Mortgage refinancing: Wells Fargo lets you refinance your home loans, allowing you to adjust terms and pricing.
• Investment and wealth management:In wealth management and investments, Wells Fargo offers options such as online trading for stocks and exchange-traded funds (ETFs). For team-based management, you can also take advantage of their investment advisory and private banking services.

Online Banking

Wells Fargo helps you to perform financial transactions online and manage your accounts, so saving the need to visit a branch. From your computer, you can make one-time or repeating payments, turn on overdraft protection, and disable your card should it be lost or stolen.

Through Wells Fargo’s online banking, you may track your money, obtain your account statements, and move funds either domestically or abroad. Check deposits, though, have to be done via their mobile app.

Customer Service and Wells Fargo’s Mobile App

Wells Fargo lets you handle your accounts from anywhere with highly rated iOS and Android mobile apps in addition to online banking. The software lets you track credit card rewards, check payments, monitor investments, deposit checks, and move money. Pay bills The smartphone app allows you to send and get money using Zelle as well.

Wells Fargo’s customer service is available around-the-clock should you require it. Call (800) 869-3557; visit the bank’s assistance center; reach out via Facebook or Twitter.