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As promised, I’ve reviewed Wells Fargo in the same manner that I reviewed Bank of America.
Wells Fargo is a little different because it touts itself highly as being an online bank.
|
Criteria |
Results |
| Bank Name | Wells Fargo |
| Program Name | College Checking |
| Monthly Fees | $3.75 |
| Ways to avoid Fees | Online Statements$2.00 deduction with Direct Deposit |
| Other Fees | See website for details, none for program |
| Online Access | Free |
| Online Bill Pay | For balances less than $5000.00, 6.95 per month up to 25 bills |
| Additional Website comments | N/A |
| Overall Grade | C- |
Wow! For an online bank, they charge for Bill Pay, which is unheard of today. I also really didn’t like the idea that they only discount your fee if you have direct deposit. A bank that large would do well (get it? WELL), to waive a monthly fee like every other institution in the free world.
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