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finder.com’s rating: 2.3 / 5.0
★★★★★
Opening a Portfolio checking account makes you eligible for discounts on loans, investment accounts and other bank services — plus a personal banker to guide you along. While the budget-conscious might balk at high minimum balances, others may appreciate the customized approach.
$30 per month
Fee
0.01%
APY
$25
Minimum deposit to open
APY | 0.01% |
---|---|
Fee | $30 per month |
To waive the fee | $25,000 or more in qualifying linked bank deposits, OR $50,000 or more in qualifying linked bank, brokerage and credit balances |
Minimum deposit to open | $25 |
ATMs | Over 13,000 ATMs |
ATM transaction fee | $0 |
ATM fee rebates | Those with qualifying balances of $250,000 or more have unlimited non-Wells Fargo ATM surcharge reimbursements |
Out-of-network ATM fee | $0 |
Foreign transaction fee | 3% |
Overdraft fee | $35 |
Here’s how to sign up:
To qualify for a Portfolio checking account, you’ll need to be at least 18 years old and a US citizen.
Before applying to open a Portfolio checking account, gather:
You’ll have access to Wells Fargo’s vast infrastructure, including the Wells Fargo Mobile app, which has nearly a 5-star rating in both Apple and Android stores. Wells Fargo’s debit cards come with zero liability on debit card fraud and 24/7 monitoring for fishy activity.
The Portfolio account earns APY on balances from to and 0.01% APY on or more — a rarity for checking accounts. Other perks include:
Those with qualifying balances of $250,000 or more are bumped up into the Plus tier of Portfolio. This comes with additional perks like unlimited non-Wells Fargo ATM surcharge reimbursements, free wire transfers and free stop payment requests.
Wells Fargo customers can find over 13,000 ATMs and 5,500 branch locations across the country by using its ATM locator online or through the app.
However, the following states don’t have any Wells Fargo ATMs or branch locations:
Portfolio rewards members who want to open multiple Wells Fargo accounts, but may not be the right fit for those looking for a one-off or basic account. Other potential drawbacks include:
Options for depositing money into your Portfolio account include:
Withdrawing funds from your Wells Fargo Portfolio checking account can be done at the following spots:
You can also transfer money out of your Portfolio checking account electronically if you’re moving funds to a savings account, for example.
Wells Fargo has a wealth of options to fit different lifestyles and financial situations. All of its checking accounts require a $25 minimum deposit to open:
Wells Fargo offers full-service support with its Portfolio checking account. But if you’re looking for a more basic account or smaller minimum balance requirements, compare checking accounts to find one that suits your situation.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.