Wells Fargo Prime Checking Account review

Checking account with checkbook and debit card that offers you multiple advantages for being the owner, such as paying off your balance, increasing the interest on your savings accounts or reducing the interest on the Wells Fargo personal loans you take out.


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Commissions
Account management: $ 25 It can be avoided with a balance of $20,000 in accounts, deposits and investment.
Check deposit: Consult
Check writing: 0%
Transfers: $ 30 per outgoing transfer and $0 per incoming transfer.
Profitability
APY: 0.10%
Rate of interest: Fixed
Interest settlement: Monthly
Comment: 0.05% APY up to $100,000 and 0.10% APY over $100,000
Advantage
Checkbook: With checkbook
Comment:
  • Better interests in savings accounts.
  • Discounts on interest on personal loans.
Requirements
Minimum deposit: $ 25
Comment: No need to maintain a daily minimum balance

Additional information of Prime Checking Account

Wells Fargo Prime Checking AccountWells Fargo Prime Checking account has a maintenance fee of $25 per month, which you can avoid if you have a combined balance of at least $20,000 in your checking, savings, certificates of deposit and investment accounts at the bank.

With this account you have unlimited free checks, both cashier and standard checks, you will not pay for money orders either.

Paid account and with improvements in other products

Another advantage of this checking account is that it offers a small return on your money, which is currently only 0.05% APY for balances up to $100,000 and 0.10% APY for larger amounts.

It also improves the remuneration of deposits and savings accounts, such as Platinum Savings, and also exempts you from paying their management fees.

Likewise, Wells Fargo personal loans that you contract as a Prime Checking account holder will have a discount on the interest rates that apply.

In order to open one of these accounts, you must be of legal age, reside legally in the United States and make an initial deposit of $25.

En español: Cuenta Prime Checking