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How to get a Wells Fargo cash advance

Access cash with your credit card, but at a high cost.

Updated

Wells Fargo cardmembers can tap into their revolving line of credit and make cash withdrawals. Unfortunately, this type of transaction comes with one of the highest fees and will accrue interest the day you make the transaction. But if you have no cheaper options, a cash advance from your Wells Fargo credit card could be useful.

How to get a Wells Fargo cash advance

To get a Wells Fargo cash advance, you must have a Wells Fargo card. Once you have a card in hand, all you have to do is:

  1. Call the number on the back of your card and request a PIN for your card if you don’t have one.
  2. Go to an ATM and use your card.
  3. Enter the amount you want to withdraw up to $500 daily, up to your credit limit.

Compare Wells Fargo credit cards

Name Product Filter values Rewards Purchase APR Annual fee
Wells Fargo Propel American Express® Card
3x points on dining, gas, transit, travel and streaming and 1x points on all other purchases
0% intro for the first 12 months (then 14.49% to 24.99% variable)
$0
Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months.
Wells Fargo Cash Wise Visa® Card
1.5% cash back on all purchases
0% intro for the first 15 months (then 13.99% to 25.99% variable)
$0
$150 cash rewards bonus when you spend $500 in purchases in the first 3 months.
Wells Fargo Rewards® Card
5x points on gas, groceries, and drugstores for the first 6 months on up to $12,500, then 1x points after that and on all other purchases
0% intro for the first 15 months (then 12.49% to 25.49% variable)
$0
Earn 5x points on gas, grocery, and drugstore purchases for the first 6 months on up to $12,500 and 1x points on all other purchases.
Wells Fargo Platinum Card
N/A
0% intro for the first 18 months (then 15.49% to 24.99% variable)
$0
Enjoy a 18 months intro APR period on purchases and balance transfers.
Wells Fargo Visa Signature® Card
5x points up to $12,500 on gas, groceries, and drugstores for the first 6 months, then 1x points after that and on all other purchases
0% intro for the first 15 months (then 12.49% to 25.49% variable)
$0
Earn 5x points on gas, grocery, and drugstore purchases for the first 6 months on up to $12,500 and 1x points on all other purchases.
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Compare up to 4 providers

What purchases does Wells Fargo consider to be cash advances?

Wells Fargo considers the following credit card transactions to be cash advances:

  • ATM transactions
  • Traveler’s checks
  • Money orders
  • Pre-paid gift cards
  • SUPERCHECKSTM
  • Wire transfers

Wells Fargo cash advance fee

Wells Fargo is one of the card providers with the highest cash advance fees and APR. Because of that, it’s best to avoid cash advances altogether, or at least use them if there’s no better financial option for you.

To make a Wells Fargo cash advance, you’ll pay:

  • A 5% fee of the amount with a $10 minimum.
  • The average cash advance APR is between 25.49% and 27.49% but it could vary between cards.

This makes a $500 ATM cash withdrawal cost $25 in fees as soon as you make the transaction. Some ATMs may charge an additional $3.

If you decide to pay off your cash advance in 30 days, you would accrue around $11 interest depending on your APR. That means your $500 costs $539.

Bottom line

Wells Fargo has one of the most expensive cash advances due to its high fees and interest. Unless there’s no cheaper alternative for you, a cash advance could only be useful in emergencies.

If you’re looking for a credit card with low cash advance fees, make sure you compare other credit cards.

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