Wells Fargo offers nationwide access with thousands of ATMs and branch locations. US Bank on the other hand offers a variety of personal deposit products that include checking, savings, money market, CDs, and IRAs.
Below, you can read about Wells Fargo vs US Bank and which is better for you!
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| US Bank | Wells Fargo | |
| Locations | Nearly 3,000 branches (Locator) | 6,000+ Branches (Bank Locator) |
| ATMs | More than 4,700 ATMs across the country | More than 13,000 ATMs across the country. |
| Savings | 0.01% APY. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance. | 0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or are under the age of 18. |
| CD | Standard Term CD: 0.05% – 0.60% APY. Terms ranging from 1 month – 60 months. Minimum deposit of $500. Maximum deposit $249,999. CD Special: 0.65% – 1.60% APY. Terms of 3, 7, 27 and 59 months. Minimum deposit of $1,000. Maximum deposit $249,999. | Standard Term CD: 0.05% – 0.15% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 0.30% APY. Terms of 5 months. Minimum deposit of $5,000. Bonus of up to 0.35% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. |
| Checking | 3/5 | You can choose between a Everyday Checking, Preferred Checking, Business Choice Checking, Platinum Business Checking or Analyzed Business Checking |
| Money Market | Platinum Savings Account. 0.05% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.08% requires account linked to Portfolio by Wells Fargo® relationship. | 0.05% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.10% requires account linked to Portfolio by Wells Fargo® relationship. |
| Customer Service | 3/5 | 4/5 |
| Mobile App | 4.5/5 | 4.5/5 |
| Pros | -Great customer service -Wide selection of accounts -Widespread availability |
-National availability -Extended customer service hours -Full service bank |
| Cons | -High minimums to waive fees
-Low savings APY |
-No free checking option -Low interest rates -Many misc. banking fees |
| Bottom Line | Big national bank with wide array of services and many account options | Wells Fargo offers a wide variety of accounts while allowing you widespread accessibility |
Author’s Verdict
Wells Fargo and US Bank are some of the top banking institutions within the U.S. They offer several account options and features for your banking needs.
Hopefully the above information helps you understand which bank is better for you.
Also be sure to check out our own lists of bank promotions and CD tables!
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Private Client | $3,000 Cash | Review |
| U.S. Bank Business Checking | $900 Cash | Review |
| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| KeyBank Key Smart Checking® | $300 Cash | Review |
| Truist One Checking | $400 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| Chase High School CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up to $700 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
| SoFi Checking and Savings Account | $325 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
| Fifth Third Bank Checking | $400 Cash | Review |
| Axos Basic Business Checking | $400 Cash | Review |
| Axos Business Interest Checking | $400 Cash | Review |
| Axos Bank Business Premium Savings | $375 Cash | Review |
Editor Rating
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