Wells Fargo Review 2026
Wells Fargo is a diversified financial services company providing banking, investment, mortgage, and consumer and commercial finance products. It operates one of the largest branch networks in the country.
Founded
1852
Headquarters
San Francisco, CA
Total Assets
$1.9 trillion
Branches
4,500+
BankingDeal Rating
Based on rates, fees, features, and customer satisfaction
3.8
out of 5.0
Rates & Fees
| Product | Rate / Fee |
|---|---|
| Savings APY | 0.01% |
| 12-Month CD APY | 4.50% |
| Checking Monthly Fee | $10 |
Rates shown are for illustration. Verify current rates directly with Wells Fargo.
Products Offered
Pros & Cons
Pros
- +Large branch and ATM network
- +Strong mortgage lending options
- +Good mobile banking features
- +Variety of checking account options
- +Business banking solutions
Cons
- -History of regulatory issues
- -Low savings account interest rates
- -Monthly fees on most accounts
- -Limited high-yield savings options
Our Verdict
Wells Fargo is a decent option for those who value 4,500+ branch locations and a full suite of banking products. Large branch and ATM network, making it worth considering in the traditional banking space. While savings rates at 0.01% are lower than online competitors, the convenience of branch access and comprehensive product offerings may offset this for many customers.
Related Resources
Frequently Asked Questions
Is Wells Fargo a good bank?
Wells Fargo has a rating of 3.8/5 on our scale. Large branch and ATM network. However, history of regulatory issues. Whether it is right for you depends on your specific banking needs and priorities.
What is the savings account APY at Wells Fargo?
Wells Fargo currently offers a savings APY of 0.01%. Online banks may offer higher rates, though Wells Fargo provides other benefits like branch access. Rates are subject to change. Verify current rates directly with Wells Fargo.
Does Wells Fargo charge monthly fees?
Wells Fargo charges a $10 monthly maintenance fee on its standard checking account, though this can often be waived by meeting certain requirements such as maintaining a minimum balance or setting up direct deposit.
What products does Wells Fargo offer?
Wells Fargo offers Checking Accounts, Savings Accounts, CDs, Credit Cards, Mortgages, Personal Loans, Investment Services. Services are available online, through the mobile app, and at 4,500+ branches nationwide.
Where is Wells Fargo headquartered?
Wells Fargo is headquartered in San Francisco, CA. Founded in 1852, Wells Fargo & Company has grown to manage $1.9 trillion in total assets. It operates 4,500+ branches.