Wells Fargo Bank Checking Accounts

Among the best checking accounts available, Wells Fargo Bank checking accounts have to be considered simply based on the size and reach of the financial institution. Wells Fargo is the fourth largest bank ranked by total assets and operates over 9,000 branch locations and 12,000 ATMs.

Wells Fargo checking account offers may vary based on the location of the applicant for the bank account. Wells Fargo currently markets five different checking accounts and checking account packages in most states. The lineup of Wells Fargo checking accounts includes: the Wells Fargo Value Checking, Custom Management Package, Complete Advantage Package, Prime Checking Account Package and College Combo checking package.

Wells Fargo Value Checking

The Wells Fargo Value Checking account is the bank’s standard personal checking account. As with the other checking accounts offered by Wells Fargo, the Value Checking account offers free access to online banking, a Platinum checking account debit card, account alerts on checking activity, free access to Wells Fargo mobile banking and optional overdraft protection.

The optional overdraft protection for the checking account is eligible with a Wells Fargo savings account, Wells Fargo credit card, or line of credit

There is a monthly service fee with this checking account of $5.00 per month. The checking account fee can be waived when the account holder either sign up for direct deposit with the account or maintains an average daily balance of $1,500.00.

This Wells Fargo checking account has a minimum opening deposit of $100.00.

Custom Management Package

The Wells Fargo Custom Management Package is a bundled checking and savings account.
The Custom Management Package includes a checking account, savings account, Wells Fargo online banking access with free bill pay services, and a checking account debit card.

The minimum opening deposit for the Wells Fargo Custom Management Package is $125.00 with a transfer setup or $200.00 without it. $100.00 is needed for the Custom Management Checking account and $25.00 for the savings account if a recurring automatic transfer from a Wells Fargo checking account to this savings account is established or the minimum deposit for the savings account is $100.00.

There is a $10.00 monthly service fee with this checking account package. The fee can be waived if the account is opened as a package and there is a $1,000.00 minimum daily balance maintained in the account or the account holder enrolls in direct deposit or the account holder sets up a minimum $25.00 monthly automatic transfer from this account to your savings account or set up a minimum $1.00 transfer daily from the checking account to the savings account or enroll in the bank’s Save as you Go account transfer. There is a $5.00 monthly service fee with the savings account that can be waived if the account holder maintains a $300.00 minimum daily balance or establishes a $25.00 monthly automatic transfer from the checking account to the savings account.

Complete Advantage Package

The Complete Advantage Package offers a bundled checking and money market savings account package in which the checking account is an interest earning checking account. The account also includes the features of Wells Fargo Online Banking with bill pay checking account debit card, account alerts and mobile banking.

The minimum opening deposit for the Complete Advantage Package is $200.00, $100.00 for the Complete Advantage Checking account and $100.00 for the Wells Fargo Money Market Savings account.

There is a $15.00 monthly service fee with the checking account that can be waived if the account holder maintains a $5,000.00 combined minimum deposit or credit balances or establish a $75 monthly automatic transfer to the Money Market Savings account or have a linked Wells Fargo mortgage. There is a $10.00 monthly service with the Money Market Savings account that can be waived if the account holder maintains a $3,500.00 minimum daily balance or establishes a $75.00 monthly automatic transfer into the Money Market Savings account.

PMA or Prime Checking Account Package

This is the best checking account program offered by Wells Fargo. The checking account comes with a variety of options for special benefits, bonus rates, fee waivers and discounts.

PMA Prime Checking account earns interest on all balances in the account on a tiered scale. The interest earning checking account can be linked together with other Wells Fargo accounts for a single monthly statement which consolidates the account information in one place.

The Wells Fargo PMA package has a minimum opening deposit of $100.00 but there is a monthly service fee of $30.00 unless the account holders maintains a balance of $25,000.00 or more in qualifying accounts.

Some of the added bonuses with this Wells Fargo checking account includes: monthly service fees waived on select linked checking accounts and savings accounts, bonus interest rate on linked Wells Fargo CDs and IRA CDs, bonus interest rates for select linked savings accounts, interest rate discounts on select new loans and lines of credit, added benefits with investment trades at Wells Fargo Advisors and added benefits with Wells credit cards.

College Combo Checking Account Package

The Wells Fargo College Combo Package includes a checking account and savings account. The college checking account package comes with the checking account and savings account as well as a debit card, Wells Fargo online banking, online banking bill pay feature, free account alerts, mobile banking and interest rate discount on select student and automobile loans.

The College Combo accounts require a minimum deposit of $125.00 including $100.00 for the College Checking account and $25.00 for the savings account for account holders that set up a recurring automatic transfer from a Wells Fargo checking account, otherwise the minimum deposit for the savings account is $100.00.

For additional checking account questions a list of Wells Fargo Bank locations can be found at Wells Fargo locations. Wells Fargo Bank customer service can be reached at 1-866-245-3452. For information on Wells Fargo CD rates and Wells Fargo mortgages please refer to Wells Fargo Bank CD rates or Wells mortgage rates.

The best checking account data for Wells Fargo checking accounts is for informational purposes only. Please consult a bank representative for current checking account information or details on checking account offers. All information is presented without warranty.

This entry was posted on Tuesday, March 22nd, 2011 at 5:38 pm and is filed under Best Checking Accounts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.