WELLS FARGO Everyday Checking Changes / Updates

[Wavester64]

Didn't see this posted so I thought I would mention it.

Seems like WF is making some changes to this account (which is going to cause me to close it)

We're updating our Everyday Checking account, offering customers an option to use relationship balances to avoid the monthly
service fee.

What's happening?

You'll avoid the $10 monthly service fee when you meet any one of the following conditions for fee periods* that begin on or after
October 25, 2025:
- Most used: $500 or more in total qualifying** electronic deposits (such as direct deposits of payroll or Social Security benefits)
- New: $5,000 or more in qualifying deposit balances, investment balances, or both***
- Updated: $1,500 minimum daily balance (increased from $500)
- A primary account owner who is 17 to 24 years old****
- A qualifying monthly non-civilian military direct deposit with the Wells Fargo Worldwide Military Banking program*****
The $10 fee will continue to be waived if your Everyday Checking account is linked to a Prime Checking or Premier Checking
account.
For more information about the changes to Everyday Checking, visit wellsfargo.com/everydaycheckingchanges.

It's the RED change that is going to force me to close the checking account. I don't use it much, except to pay the WF CC (which I don't use much either except for a recent balance transfer to which the Checking account could have finally come in handy ) And I don't plan on keeping $1500 dead in there to keep it open.

Just a PSA in case you Wells peeps didn't know about it 

[GZG]

if their checking SUBs are anything to go off of, most ach transfers should qualify for the DD requirement, no way to know for sure though unless you care enough to try it yourself

but ofc first US bank does it, so now the rest will have fun adding on to making their checking accounts worse with increased fees as well

[CreditCuriosity]

Only thing WF is good for is churning bonuses even with higher cap think bonus is 400 checking and about to tap that again then close account after it posts.  No secret my despite for them free 300-400 each year or every other.  Appears this change is likely to stop churners although much easier ways of doing it or just be more greedy and want to charge more fees to those that can't keep the min balance in their.  likely the latter of the two knowing WF.

[AndySoCal]

I do not see why you should bank with WF.  Their savings accounts pay 0.01% interest with a minimum balance fee of $5.00 and $12.00. The CD rates you can do better elsewhere.  My credit unions can do better on the savings and no minimum balance fee. The checking account no minimum balance fee and most of the other fees. With my credit union CO-OP network I have access to  over 30,000 fee free ATM's across the U.S.

[Jeffster1]

That's it for me with WF, then.

My accounts there date back to when I was a mere kid and opened them with First Interstate Bank which merged with WF in 1996. I've kept checking and savings open with a month's worth of expenses as a backup if my primary accounts at Bank of America are hacked. This actually happened to me in 2014 when I only had WF. My WF accounts were hacked and waited ten days to get my money back so I could pay expenses. 

I didn't have relationships back then with American Express, Navy Federal, Bank of America and BMO as I do today. I think it's time for me to close the door on that chapter of my life and say goodbye to WF. 

[crystal626]

I'm so glad I didn't get suckered into switching to one of the big banks from my regional bank. It seems they're all trying to suck more money out of our pockets now that the regime is friendly to the banks. Waiting for US Bank to kill my free Gold checking too.

[Jeffster1]

On my way to close my WF accounts right now.

[Realist]

Your banking hub should be local to you, imo.  Whether it's a bank, or a credit union, I use many of both, I want to be able to drive to their institution, if I ever need to do business with them.  I bank online, I only want the option.

Wells Fargo is fine for banking welcome bonuses.  They're fine if you want to chase down some of their credit card welcome bonuses.  They're fine if you want to use their services to check your FICO 9 score.  I don't find them fine to use as a checking and savings bank solution.

Wells Fargo is definately on the SUB rotation circuit, but nothing else otherwise.

[crystal626]

---

@Realist wrote:

Your banking hub should be local to you, imo.  Whether it's a bank, or a credit union, I use many of both, I want to be able to drive to their institution, if I ever need to do business with them.  I bank online, I only want the option.

Wells Fargo is fine for banking welcome bonuses.  They're fine if you want to chase down some of their credit card welcome bonuses.  They're fine if you want to use their services to check your FICO 9 score.  I don't find them fine to use as a checking and savings bank solution.

Wells Fargo is definately on the SUB rotation circuit, but nothing else otherwise.

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Funny enough, Wells Fargo is extremely close to our house. My bank is a bit further away but Wells Fargo would never be my primary. I can't remember the last time I had to go in though.

[DaveInAZ]

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@Wavester64 wrote:

Didn't see this posted so I thought I would mention it.

Seems like WF is making some changes to this account (which is going to cause me to close it)

You'll avoid the $10 monthly service fee when you meet any one of the following conditions for fee periods* that begin on or after
October 25, 2025:
- Most used: $500 or more in total qualifying** electronic deposits (such as direct deposits of payroll or Social Security benefits)
- New: $5,000 or more in qualifying deposit balances, investment balances, or both***
- Updated: $1,500 minimum daily balance (increased from $500)
- A primary account owner who is 17 to 24 years old****
- A qualifying monthly non-civilian military direct deposit with the Wells Fargo Worldwide Military Banking program*****
The $10 fee will continue to be waived if your Everyday Checking account is linked to a Prime Checking or Premier Checking
account.
For more information about the changes to Everyday Checking, visit wellsfargo.com/everydaycheckingchanges.

It's the RED change that is going to force me to close the checking account. I don't use it much, except to pay the WF CC (which I don't use much either except for a recent balance transfer to which the Checking account could have finally come in handy ) And I don't plan on keeping $1500 dead in there to keep it open.

Just a PSA in case you Wells peeps didn't know about it 

---

Thanks, I do have a Wells Fargo Everyday checking. That notice was buried at the bottom of the August statement, good old Wells Fargo.  But the notice also said "For more information about the changes to Everyday Checking, visit wellsfargo .com/everydaycheckingchanges". And that says:

For fee periods that begin on or after October 25, 2025

Avoid the monthly service fee when you meet any one of the following each fee period:

$500 or more in total qualifying electronic deposits Footnote2
Updated: $1,500 minimum daily balance

- That footnote2 is the standard verbage that "qualifying electronic deposits" includes any ACH deposits. I've been avoiding fees by with just an $500+ ACH deposit from my credit union, which I use to pay bills in my WF checking.  So I printed that out as a PDF and if they try to charge me a fee well, I followed your instructions and here is what it says. I do think that "$5,000" in DDs on the statement is a typo, get serious: You expect $60,000 in annual DDS to avoid a $10/mo. fee on your most basic checking account? Get real. 

https://update.wf.com/conversion/everydaycheckingchanges/