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Wells Fargo review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Wells Fargo suits US customers who want a debit account with free ATM withdrawals and a separate cashback credit card, and it charges a checking monthly fee of $5 for it. Costs rank near the bottom of the debit card field on 378 of 422.

Key facts

Best for
US households wanting a checking account and cashback card under one bank.
Monthly fee
$5↗
Currency conversion fee
3%↗
Free ATM withdrawals
$0↗
Card type
Debit↗
Card network
Visa↗
Legal entity
Wells Fargo National Bank West↗
Headquarters
United States↗
Support channels
Phone, Help-centre↗
Features
Rewards
Official website
wellsfargo.com

Credit cards

Annual fee
$0↗
APR
18.74% to 28.74%↗
Rewards type
Cashback↗
Rewards rate
2% cash rewards↗
Balance transfer intro period
12 months↗
Cashback rate
2%↗
Card kind
Credit↗
Pricing model
No annual fee

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • The credit card carries an annual fee of $0 and pays 2% cashback
  • Balance transfers are offered for 12 months on the Active Cash terms
  • Free ATM withdrawals of $0 on Clear Access Banking
  • The credit card runs on the visa network

Cons

  • The checking account charges a monthly fee of $5
  • Currency conversion costs 3% on the Clear Access Banking account
  • Credit card APR runs 18.74% to 28.74% on the Active Cash terms
Wells Fargo

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Scored 8.4 / 10 by SumCue.

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Who it suits

  • US customers who want one bank for checking and a cashback credit card
  • People who draw cash often and value free ATM withdrawals
  • Borrowers clearing a balance on a card

Who should look elsewhere

  • Wise, where the account monthly fee is £0
  • bunq, which also has a monthly fee of €0
  • Anyone who needs low card fees in Europe

Where it sits among rivals

On the costs readers check most, Wells Fargo sits well down the field. It ranks 378 of 422 brands on monthly fee, 221 of 258 on currency conversion fee and 44 of 124 on free ATM withdrawals. The no annual fee credit card is the exception, and it pulls the overall score to 1.2 out of 1.2. Cost is the only scored part, at 1.2.

Who runs it

The account is provided by Wells Fargo National Bank West, based in the United States and regulated by the FDIC under FDIC cert 27389. Support runs through phone and help centre, so phone and a help centre are the routes in, and the bank is a US deposit taker rather than a European one.

How Wells Fargo compares

Where Wells Fargo is available

Available
United States
Licence in United States
FDIC (FDIC cert 27389), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Wells Fargo checking account cost each month?+

The Clear Access Banking account carries a monthly fee of $5. There is a separate annual fee figure for the credit card side, which is $0, so the two products carry different charges. Support runs through phone and help centre if you want to check the current terms.

Are ATM withdrawals free with this account?+

Free ATM withdrawals are set at $0 on Clear Access Banking, so the everyday cash machine is covered. Wells Fargo ranks 44 of 124 brands on that measure, which puts the allowance in the middle of the field rather than at the front.

What does it cost to convert currency?+

The currency conversion fee on Clear Access Banking is 3%. That is the figure that matters if you spend or withdraw outside the US, and it is well above a specialist provider set up for travel money. On the field of 258 brands compared, Wells Fargo sits at 221.

Does the credit card have an annual fee?+

The credit card annual fee is $0, and the model is listed as no annual fee. Rewards are cashback of 2%, the rewards type being cashback rather than points or miles. The card runs on the visa network.

What APR applies if you carry a balance?+

On the Active Cash terms the APR runs 18.74% to 28.74%. If you are clearing an existing balance, the balance transfer offer lasts 12 months. Anyone planning to hold a balance for longer needs to treat that period as the window.

Who regulates the bank?+

The account is held with Wells Fargo National Bank West, headquartered in the United States. The regulator is the FDIC, recorded as FDIC cert 27389. Deposits sit with an FDIC supervised US bank, which matters because the account is a US product.

How do you reach support?+

Support runs through phone and help centre, so you can call or use the help centre. There is no branch chat channel listed, and the account is a US checking product, so it is built for customers banking in the US.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Protection.

Wells Fargo

Wells Fargo

US households wanting a checking account and cashback card under one bank.

8.4/10See alternatives