Whether you are looking for a checking account, a savings account, a combination of the two, or some other kind of personal banking product like a line of credit or certificate of deposit, your choice of bank will make a significant difference.
You need to find a bank that is right for your specific needs. Wells Fargo offers a wide range of banking products and services geared to meet the needs of different people and businesses.
Let’s explore what Wells Fargo is all about, so you can decide whether or not it is the right bank for you.
Wells Fargo Overview
Wells Fargo Bank opened its doors to clients on March 18, 1852. Headquartered in San Francisco, California, it is the third-largest bank on market capitalization in the United States.
The bank boasts total assets of about $2 trillion and is publicly traded on the New York Stock Exchange under the abbreviation WFC.
It offers retail customers checking accounts, savings accounts, and CDs, as well as investment products, individual retirement accounts (IRAs), and financial advisors.
Wells Fargo Banking Products
Wells Fargo offers a wide selection of banking products, including savings and checking accounts-but are Wells Fargo’s accounts right for you?
Wells Fargo Checking Accounts
There are several options for Wells Fargo checking accounts that you can choose from. Each of the accounts comes with a Platinum Debit card equipped with chip technology.
- Everyday Checking You need just a small deposit to set up a Wells Fargo Everyday Checking account. You’ll need to pay monthly service fees for this account. However, the fees can be waived if you meet certain conditions such as making a given number of credit/debit purchases or carrying a given monthly balance.
- Preferred Checking With a Preferred Checking account, your money can earn interest on the condition that you meet the minimum balance requirement. Moreover, if you have a mortgage with this bank, you won’t pay the monthly service fee for this account.Continue reading