Here are the minimum balances required to avoid being subject to the monthly checking and savings account fees: Another way to avoid paying the monthly service fee for certain Wells Fargo checking accounts is to sign up for qualifying direct deposits and meet the direct deposit minimum. 5 Ways To Avoid Discover Monthly Maintenance Fees, How To Avoid Citibank Monthly Maintenance Fees, How To Avoid US Bank's Monthly Maintenance Fees, Tips To Avoid Ally Bank's Monthly Maintenance Fees, 4 Ways To Avoid TD Bank's Monthly Maintenance Fees. These include: Find out more about treasury management services. After 250, it's $0.50 per item. Cash deposit processing fee $0.0025 per $1 of cash deposits processed per statement period. Learn more about the best places to get a money order. It’s 3% or $5, whichever is greater, up to 120 days. Optimize Business Checking customers can access advanced features through Commercial Electronic Office®. These offers do not represent all available deposit, investment, loan or credit products. This card offers a flat rewards rate of 1.5% (including gas purchases), and upon receiving, cardholders are eligible for a $150 sign-up bonus for $500 worth of spend within the first 3 months. To open an account, you will only need an initial deposit of $25 or $50. $0.0025 per $1 of cash deposits processed per statement period. The biggest hits you can take from any bank are overdraft fees and wire transfer fees. The surest way to avoid ATM fees is to make sure you visit a Wells Fargo ATM. Here’s a look at how these fees compare for Wells Fargo’s checking account options: For example, using an out-of-network ATM every other day for the next 30 years can run you $13,650 in fees, according to a GOBankingRates survey. An earnings allowance is used to offset eligible fees. Wells Fargo is one of the nation’s largest banks with 6000+ branches. Review who has access to your business accounts, update authorizations, and manage users. Checking Account Bonuses. That fee jumps up to $5 per overseas withdrawal unless you’re a Portfolio by Wells Fargo account holder. Optimize Business Checking customers may also deposit checks via CEO® Mobile by enrolling in our CEO® Desktop Deposit service. There was an unknown error. Wells Fargo Bank Money Market Account is offered by Wells Fargo Bank, a bank founded in 1852 and based in San Francisco, CA. Avoid overdraft fees at Wells Fargo by monitoring your account balance regularly. APY: 0.03%: Fee: $12: To waive the fee: Maintain a $3,500 minimum daily balance: Minimum deposit to open: $25: Intro or bonus offer: To receive the Bonus APY the account must remain linked to a Portfolio by Wells Fargo® relationship. Deactivate this feature, and the bank will decline any overdraft transactions instead of approving the transaction and charging a $35 fee. With Zero Liability protection, you will be reimbursed for any promptly reported unauthorized card transactions. Please try again later. We looked at the fees charged by 10 banks across 16 no interest checking accounts and 15 high yield checking accounts. Those with more wealth will prefer Wells Fargo’s Platinum Savings account; its APY increases to 0.02% once your account balance hits $25,000. Monthly maintenance fee The balance transfer fee heads into the upper range of 5% (with a minimum of $5) if you make the transfer after 120 days from opening your account. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Plus, each account has an overdraft protection fee if you use your linked savings account. Please enter a valid zip code to see products available for your area, Wells Fargo Business Platinum Credit Card, Treasury management services for small businesses, accept or reject any artwork, images, or logos, Sophisticated banking needs and high transaction volume, Access to treasury management services through, Earnings allowance to help reduce eligible service fees, No fees for stop payments, cashier's checks, and money orders, No fee for incoming domestic and international wire transfers in U.S. and foreign currency. See Wells Fargo’s Online Access Agreement for other terms, conditions, and limitations. Follow these 4 simple steps to get set up. Read our full review of the Wells Fargo … Payment for homeowners insurance and, if applicable, flood … These offers do not represent all available deposit, investment, loan or credit products. NMLSR ID 399801, Premium benefits to reward your relationship, Earnings allowance to offset eligible service fees. The calculation of the earnings allowance is based on the investable balances available for services, to which is applied an earnings credit rate set at the bank's discretion. Monthly maintenance fee: $25. Wells Fargo, one of the biggest banks in America, has a schedule of fees for using its products and services. In the era of online banking, competition is fierce. Streamline your complex business needs with tools that help you focus on efficiency. Plus, the Wells Fargo Cash Wise Visa is all kinds of fun with an impressive 1.8% for qualified digital wallet purchases made within the first year. ADP is solely responsible for its own content, product offerings, privacy, and security. See the common fees for this account (PDF). Wells Fargo is one of the largest banks in the U.S., making it easy for most people to open an account. You will earn a 0.01% annual percentage yield (APY) on all Way2Save Savings balances. Learn banking fees charged by Chase bank accounts. Sign up for overdraft protection, and Wells Fargo will cover your overdrawn checking account by transferring the overdrawn amount from your savings account to your checking account. Surcharges imposed by non-Wells Fargo ATM owners or operators will apply. You can also avoid overdraft fees using Overdraft Rewind, a free feature included with all Wells Fargo checking accounts. But you can make these fees disappear just by maintaining a monthly balance of $500 for the Simple Business Checking account $25,000 for the Platinum Business Checking account, while Analyzed Business Checking account holders must adhere to a variable fee waiver minimum. Wire out domestic. The monthly service fee is waived for customers aged 62 years and older. The earnings credit rate is a variable rate that the Bank can change at any time. However, because they’re designed to retain and grow money through a savings interest rate, you are limited to six penalty-free savings account withdrawals. Even if you already have a free checking account, it could be beneficial to open an account elsewhere. Availability may be affected by your mobile carrier's coverage area. In any statement period where your fees exceed your earnings allowance, your account will be debited (or you will be invoiced) for the difference. Use your contactless debit card or add to your digital wallet for fast, secure payments and Wells Fargo ATM access. Clear Access Banking has no overdraft fees. Enrollment required and additional fees may apply. Wells Fargo Bank has 5,469 branches nationally across the country. He covered military affairs both in garrison and internationally when he deployed to Afghanistan. ADP is a registered trademark of ADP, LLC. Deposit limits and other restrictions apply. These are not counted in the 250 transactions. Set up alerts to monitor your account balances and track recent purchases, cash withdrawals, and more. All include enhanced safety and security. Note: Cookies must be enabled in your browser settings. This account is the best options for anyone that opens a mortgage with Wells Fargo. Chase charges fees for some services, but some can be waived if you meet certain requirements. Availability may be affected by your mobile carrier's coverage area. Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, Or maintain a minimum daily balance of $2,500, or maintain a combined balance of $25,000 across eligible TD accounts. They’re easy to overlook because they can be relatively incremental. With direct deposit from Wells Fargo, your money will be automatically deposited and available the same day. Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Reinforce your brand by adding your logo to checks and your business debit card. Non-electronic deposits will incur a separate fee. For official contest rules, please go to: gobankingrates.com/best-banks/official-rules/. All other marks belong to their owners. Wells Fargo offers a wide range of benefits you want to take advantage of to get the most out of your account. If a direct deposit hits your checking account by 9 a.m., the bank will recalculate your balance and review overdraft transactions from the previous business day. Here’s how to avoid the monthly maintenance fee for your Wells Fargo checking or savings account. Wells Fargo reserves the right to accept or reject any artwork, images, or logos. Non-electronic deposit fee $0.20 per check deposited plus $1.50 per total deposit. For instance, if you’re not in the habit of checking your account balance, you may not even notice there’s been a deduction. An accrual of credit used to offset all or a portion of eligible account activity fees, service fees, and treasury management fees. All Right Reserved. Wells Fargo Auto Attn: Title Maintenance Team MAC S3983-01C 2501 S. Price Road, 1st Floor Chandler, AZ 85286-7896. Portfolio by Wells Fargo Fees There is a monthly service fee of $30 for the program but that can be avoided by keeping $25,000 or more in qualifying linked bank deposit accounts (these might include checking, savings certificates of deposit, or IRAs), or $50,000 or … Your average monthly balance from your checking or savings account must be greater than $1,500, which can be reached via a combination of eligible linked retirement and investment accounts. Find out how each work, how they differ, when to use one or the other, and tips to avoid check fraud. This traditional brick and mortar bank is … Selecione Cancele para permanecer en esta página o Continúe para ver nuestra página principal en español. This may result in Wells Fargo reversing overdraft fees. Additionally, these checking accounts may also charge out-of-network ATM fees and overdraft fees. For checking accounts, these benefits include: Wells Fargo checking accounts carry monthly service fees. Transactions fee There is no annual fee or prepayment penalty fee. GOBankingRates analyzed financial products from over 100 banks to find the top checking account offers. However, if you use an out-of-network ATM, the following fees apply: Domestic ATM fee: $2.50 per withdrawal, transfer or inquiry, plus fees from the ATM owner. Sean’s first foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. Non-electronic deposits are processed by a teller or mailed to the bank. You can avoid those fees, however, with a combination of direct deposits, minimum balances, debit card activity or linked accounts. © 2021 GOBankingRates. Please see your applicable Wells Fargo account agreement and card terms and conditions for information on liability for unauthorized transactions. Outgoing cross border USD wire debiting a, Wire out cross border foreign exchange. Wells Fargo Locations in Your Area. Check out the cash bonuses that are being offered now. Digital wallet access is available at Wells Fargo ATMs for Wells Fargo Debit Cards in Wells Fargo-supported digital wallets. Availability may be affected by your mobile carrier's coverage area. Wells Fargo Way2Save Savings account is best for passive savers because it automatically transfers funds from a linked Wells Fargo account into the savings account. Sign up now! We cannot address customer service questions here. Non-electronic deposit fee No fee for the first 250 transactions within a billing relationship per statement period. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here.