Wells Fargo Bank is a publicly traded bank that operates as a subsidiary of Wells Fargo & Company, one of the largest financial holding companies in the world. The bank is one of the largest in the United States as measured by assets as well as deposits. With tens of millions of customers, thousands of retail branches and tens of thousands of ATMs, the bank’s presence is recognized in every state. It offers personal, small business, and commercial banking products and services, in addition to wealth management and investing advising.
On its personal banking side, Wells Fargo offers checking, savings, Money Market, Certificate of Deposit (CD) and IRA accounts, in addition to mortgage and consumer loans. One of its most popular checking account options comes with a debit card, as well as a monthly service fee unless minimum balance requirements are met. The bank pushes its student checking account in a combo package with its savings account to encourage saving, and Wells Fargo partners with colleges to provide students the ability to use its debit card for both on and off campus transactions. Savings account options come with minimal interest rates on basic savings, retirement savings, and even retirement savings accounts. Money Market accounts offered by the bank have a minimum daily balance requirement and come with very low interest rates. CDs are available in term lengths ranging from 3 to 58 months and a step up CD provides a way to increase the rate on a 24-month CD every 6 months for the life of the product.
A private bank is also available to provide customers wealth planning and trust solutions that are tailored to specific investor needs and goals. On its small business side, Wells Fargo offers loans and credit, business insurance, and merchant services like payment processing and tax help.
Wells Fargo Bank online banking is a secure banking platform on which customers can open and manage their accounts. The web-based system provides the ability to complete tasks like Bill Pay, money transfers, online brokerage, account activity viewing, direct deposit, and check image viewing. A mobile website (wf.com) provides an optimized Internet solution for customers to access their accounts from a web browser on any capable device. Mobile banking apps are also available and provide a more sophisticated way to bank on the run from various smartphone and tablet devices.
Wells Fargo Bank was originally established as the Crocker-Citizens National Bank in 1870, before transitioning to its current name in 1986. Since that time, the bank has rapidly acquired many financial institutions and divisions to become one of the largest companies in the world. Wells Fargo corporate headquarters are located in San Francisco, California, while Wells Fargo Bank is headquartered in Sioux Falls, South Dakota. The bank operates through thousands of branches located through the United States.
I love my online banking! They have brick and mortar locations as well but I rarely go because I can do everything on the website and they also have an app as well that makes banking on the go easy. On the website and app I can deposit checks into my accounts, move money between accounts, pay bills, and so much more. I check my account everyday so it is nice to be able to do that on the website and on the app when on the go. I get checks every month for a job I do and it is nice to be able to do that at home from my phone and deposit into my bank account with out having to leave my couch. They also let you view all your statements from you phone or website and I do that so I can go paperless and not get paper copies because it makes me feel better.
I signed up for a Wells Fargo online checking account around fifth teen months ago and I have loved this account. First off they gave me a two hundred and fifty dollar sign up bonus. There is no fees if you meet easy monthly minimums. Overall this account fits my needs plus there are plenty of atms that a free to get money at. I would highly recommend this bank to anyone.
I was in a branch of this bank to open a checking account and the experience I had was very rewarding I was quickly attended and the attention was very personalized, they explained to me in detail the requirements I needed to open the account. I left very enthusiastic about the intitucion and recommended them to my friends and family
I am a long time wells fargo banking user and am pleased to note that they are on the cutting edge of online banking. Usually I notice that they offer updates and improvements well before other banks have launched similar features. The online experience is always seamless and with out issue. They offer many features such as mobile check cashing, online bill pay, as well as being able to check your balance report at any time. Their customer service is always exemplary. Any time I have an issue or question the agent is always kind and helpful. They will always attempt to resolve issues immediately or within a short time frame. They also demonstrate excellent knowledge of the typical problems that a customer might contact them and as them for. I have never had trouble with my checking account, I typically do not use many of their other services, but they do regularly offer their services as I log onto my account so if there was ever a question or a need that arises I would know what direction to follow.
I will say that over time my account has lost some of the features that it used to have. But because they handle everything so effortlessly and It would require great effort on my part to change, I do not see me changing my banking method in the future.
|FDIC Certificate #||3511|
|Return on Assets - YTD||1.3%|
|Return on Equity - YTD||13.44%|
|Annual Interest Income||$43.99B|
|Assets and Liabilities|
|Assets||Q3 2018vs Q3 2017||$1,665.1B$1,738B|
|Loans||Q3 2018vs Q3 2017||$915.8B$922.5B|
|Deposits||Q3 2018vs Q3 2017||$1,320.7B$1,360.5B|
|Equity Capital||Q3 2018vs Q3 2017||$163.8B$163.2B|
|Loan Loss Allowance||Q3 2018vs Q3 2017||$9.70B$10.29B|
|Unbacked Noncurrent Loans||Q3 2018vs Q3 2017||$7.25B$9.48B|
|Real Estate Owned||Q3 2018vs Q3 2017||$514.0MM$691.0MM|
Rates for Wells Fargo Bank are currently being reviewed.