Checking and Savings Monthly Service Fee Questions

How we track and report your account activity, including what’s provided in your account statements, doesn’t always match a calendar month. Instead, we use a fee period to determine the monthly service fee and other monthly fees. A fee period can have 25 to 35 days. Analyzed accounts fee period terms are different, please refer to the Business Account Fee and Information Schedule (PDF).

We calculate and post your monthly service fee, if any, on the last business day of your fee period (excluding Prime Checking and Premier Checking accounts).

The fee period details are provided on the monthly service fee summary located on your account statement and in the monthly service fee summary section through Wells Fargo Online^® or Wells Fargo Mobile^® app.

If your fee period ends on the last calendar day of the month, only transactions posted through the last business day of the month (excluding weekends and federal holidays) will count towards the fee period.

If you see a dollar amount in the “You Paid” column, it is the monthly service fee amount your account was already charged for the fee period. The monthly service fee will be reflected in the Transaction History section of your account statement. You do not need to take any action.

We provide the list of options that can help you avoid the monthly service fee on your account. The check mark appears next to each of the ways to avoid the monthly service fee you met during the fee period.

When there is more than one owner of an account, we identify a primary owner. The primary account owner is the owner whose Taxpayer Identification Number, such as a Social Security Number, is assigned to the account and who, therefore, has tax responsibility for the account. For select checking and savings accounts, when an individual primary account owner reaches the age of 25, age can no longer be used to avoid the monthly service fee.

A qualifying electronic deposit is a deposit of funds, such as your salary, government benefit payment, or other income, that has posted to your account and is (1) a direct deposit made through the Automated Clearing House (ACH) network, (2) an instant payment processed through the RTP^® network (real-time payment system) or FedNow^SM Service, or (3) an electronic credit from a third party service that facilitates payments to your debit card using the Visa^® or Mastercard^® network (e.g. an Original Credit Transaction). Transfers from one account to another, mobile deposits, Zelle^®, or deposits made at a branch or ATM are not considered a qualifying electronic deposit. Click here to learn about setting up direct deposit

Your monthly service fee summary lists what accounts are eligible to be linked for combined balance purposes, such as checking accounts, or credit cards. The monthly service fee summary also lists the type of account balance such as minimum daily balance, average ledger balance, or most recent statement balance, that can contribute to the combined balance. The combined balance is determined one business day prior to the last business day of your fee period.

Eligible accounts that can be linked are determined by the type of checking account you have. Your monthly service fee summary lists the account types that are eligible to be linked to the checking account to create the combined balance. Accounts linked to a Wells Fargo Checking account cannot simultaneously be linked to any other Wells Fargo Checking account to meet the combined balance option to avoid the fee. For consumer accounts, only qualified accounts with the same account owner as the checking account will be linked automatically.

The Prime Checking and Premier Checking statements do not have a monthly service fee summary at this time. The Prime Checking account has a $25 monthly service fee. The fee can be avoided each fee period with $20,000 or more in statement-ending qualifying balances. The Premier Checking account has a $35 monthly service fee. The fee can be avoided each fee period with $250,000 or more in statement-ending qualifying balances. The statement-ending qualifying balance includes linked (a) consumer bank deposit account balances (checking, savings, time accounts (CDs), FDIC-insured IRAs) and (b) investment account balances (investments available through our affiliate Wells Fargo Advisors^, and applicable bank fiduciary and custody accounts). If you think your combined balance may fall below the statement-ending qualifying balance needed to avoid the monthly service fee, please call us at 1-800-869-3557 to discuss other account options that may meet your needs.

Your checking and savings accounts are subject to a monthly service fee even if a fee was not assessed in the past. You can avoid this fee by meeting the requirements found in the monthly service fee summary included on your statement. Or, you can convert to a different type of account that allows for other ways to avoid the monthly service fee.

For consumer checking accounts, please review our Consumer Checking Comparison Chart to see some of your options. Then call us at 1-800-869-3557, 24 hours a day, 7 days a week, to ask us to convert your account. You can also make an appointment with a banker and request a personal financial review. Visit wellsfargo.com/locator to locate a branch near you and schedule an appointment.

For Business accounts, please review the Business Checking Comparison Chart. Then call us at 1-800-225-5935, to ask us to convert your account. You can also make an appointment with a banker and request a financial review. Visit wellsfargo.com/locator to locate a branch near you and schedule an appointment.

The monthly service fee summary provided is based on the fee period of your previous account. The monthly service fee summary for your new account will appear on your next statement.

The fee information included in the monthly service fee summary on your statement is accurate as of the date of the fee period provided.

From time to time, information on your account may change. Wells Fargo will communicate these changes on your account with a statement message, statement insert or letter in advance of the change to your account. Please refer to the effective date provided in the communication for when these changes will take place.

If applicable, the check image option fee is calculated and posted to your account on the last business day of the monthly fee period. Please refer to the Deposit Account Agreement and Consumer Fee and Information Schedule for more information.

Some other fees that are calculated and posted to your business account on the last business day of the fee period include check image option, transactions, deposited items, cash deposit processing, coin order, currency order and money services business fees. This is not a complete list of fees, and if applicable on your account, these monthly fees are in addition to your monthly service fee. Please refer to the Business Account Fee and Information Schedule (PDF) for additional business account information.