How do i open a savings account wells fargo

Q: Is a savings account free at Wells Fargo?

Wells Fargo Way2Save® Savings Avoid the $5 monthly service fee with one of the following each fee period: $300 minimum daily balance. 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account.

Table of Contents Show

Wells Fargo Business Online
What you'll need:
What are the requirements to open a savings account Wells Fargo?
Is a savings account free at Wells Fargo?
How do I open a savings account online?
Does Wells Fargo have a savings account?

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Use our business savings accounts comparison to determine the right fit for your business

	Business Market Rate Savings Learn more	Business Platinum Savings Learn more	Business Time Account (CD) Learn more
Best for:	Businesses with lower balances just starting to save or saving for unexpected expenses	Businesses with higher balances typically looking to save for future expansion	Businesses looking to plan for the future by earning a fixed interest rate for a specific length of time
Monthly service fee	$5 or avoid the fee when one of the requirements is met	$15 or avoid the fee when one of the requirements is met	No monthly service fee
Minimum opening deposit	$25	$25	$2,500
Apply	Apply Now	Apply Now	Apply in person
Access to Wells Fargo Business Online®	Yes	Yes	Yes
Wells Fargo Mobile®	Yes	Yes	Yes
FDIC insured up to applicable limits	Yes	Yes	Yes
Source for Overdraft Protection	Yes	Yes
Check writing ability	Yes	Yes
More resources	Compare interest rates across business savings options Learn more about what you’ll need to open a business account Take advantage of 24-hour account access with Wells Fargo Business Online banking to manage your accounts. Have questions? Speak with a banker. Call 1-800-416-8658. Monday through Friday, from 8 am until 8 pm CST.

Avoid the $5 monthly service fee with one of the following each fee period:

$300 minimum daily balance*
A total amount of $25 or more of automatic transfers from a Wells Fargo business checking account into this savings account

* The lowest ending daily balance recorded during the fee period after all transactions have gone through nightly processing.

Avoid the $15 monthly service fee with one of the following each fee period:

Linked to Navigate Business Checking®
Linked to Optimize Business Checking®
$10,000 minimum daily balance*

* The lowest ending daily balance recorded during the fee period after all transactions have gone through nightly processing.

Wells Fargo Business Online

Manage your business and personal accounts online. View balances, pay bills, sign up for alerts, transfer money, and more.

Manage your business and personal accounts from your mobile device. View balances, pay bills, transfer money, and more.

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A Wells Fargo savings account is a good way to start your children on the road to financial success.

Help your kids achieve their financial goals with a Wells Fargo savings account.

Account Options
Benefits
How to Apply

A Wells Fargo Way2Save® Savings account requires a $25 minimum opening deposit and has no monthly service fee when the primary account owner is 24 years old or under.

There are several options when setting up savings accounts for kids:

Joint ownership. This option gives your child the ability to use the savings account while you monitor account activity. Both you and your child can make deposits and withdrawals. An optional ATM card is available for your child. The account may be linked to a Wells Fargo Debit Card. Wells Fargo Online® access is available when your child reaches age 13.
Uniform Transfers/Gifts to Minors Act (UTMA/UGMA). This option is for adults making an irrevocable gift to a child under your state's Uniform Transfers/Gifts to Minors Act. One adult custodian has sole control and access to the funds until the child reaches an age defined by your state's Uniform Transfers/Gifts to Minors Act (typically age 18).
Minor by. This option allows one or more adults to open an account in the name of a minor. The minor owns the funds but the adult has exclusive control of the account until the minor reaches the applicable age of majority (typically age 18). Before that, only you can make deposits and withdrawals, as well as link the account to a Wells Fargo Debit Card. In the future, if you wish to allow your child to make withdrawals or have an optional ATM card prior to age of majority, request to change your child to a joint owner.

Benefits for children:

Their own savings account where they can watch their savings grow

Benefits for parents:

Online transfers between Wells Fargo accounts, so you can transfer your child's allowance, create a savings matching program, and much more
Convenient online statements to help teach money management

What you'll need:

Visit a Wells Fargo location to open an account.

Child must either present a driver's license, if they have one, or be accompanied by a Wells Fargo customer who is an adult and has an account that has been open for more than 60 days.
In addition, you must present one of the following:
- Child's Social Security card
- Child's birth certificate
- Child's immunization record
- Child's school photo ID
- Child's passport/alien ID

Visit a Wells Fargo location to open a savings account for your child today. Find a Branch

What are the requirements to open a savings account Wells Fargo?

Yes, many banks require a minimum deposit to open an account. Wells Fargo requires a minimum deposit of $25 to open an account. Be sure to bring cash or a check with you so you'll be able to deposit money into your new account.

Is a savings account free at Wells Fargo?

Wells Fargo Way2Save^® Savings Avoid the $5 monthly service fee with one of the following each fee period: $300 minimum daily balance. 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account.