Wells Fargo has more branches than any other bank in the U.S.
With around 5,437 branches and 13,000 ATMs, Wells Fargo has the largest physical presence of any bank in the U.S.
Fees on checking accounts can easily be avoided.
Industry leader in helping customers share their bank data with money management apps, like Mint, in a safer way.
Consumer-friendly overdraft policies, including a product intended to improve the flow of credits and debits, especially near payday.
Yields on certificates of deposit and savings accounts are low, like most large financial institutions.
There is an out-of-network ATM fee of $2.50 for checking account users.
Steeper monthly fee for the money market account unless you can maintain a certain balance.
On one hand, Wells Fargo continues to suffer from customer scandals. On the other hand, the San Francisco bank continues to make a splash with its progressive digital banking features.
Not only does the bank’s mobile app earn solid praise from reviewers, but the big bank continues to push ahead on rolling out features faster than its peers. For example, many banks let you turn your debit card on and off from a mobile app. But the Wells Fargo app goes further by also letting you track where you’ve shared your payment information to get services like Amazon Prime.
In getting progressive digital banking features, you won’t have to trade off access to branches either. There are also plenty of ATM locations. The megabank has 13,000 ATMs to choose from and they include a personal touch, such as wishing customers happy birthday, on their birthdays.
About Wells Fargo
Founded in 1852 as a bank and express delivery company, Wells Fargo offers a full range of banking services, including checking accounts, savings accounts, CDs, money market accounts, mortgages and other loans.
In 2016, the Consumer Financial Protection Bureau fined Wells Fargo $100 million for the widespread illegal practice of secretly opening unauthorized accounts, which has forced the bank to revisit how it approaches sales.
If it's important to be able to visit a branch or use your bank's ATM nearly everywhere you go, Wells Fargo is a good fit for you. If you want to take advantage of higher rates on deposits, this bank isn’t your best choice.
Wells Fargo has the most branches in Alaska, California, Colorado, Minnesota, Nevada, New Jersey, New Mexico, South Dakota, Texas and Washington, D.C.