In the US, Wells Fargo was named the bank that people don’t like because they don’t do well.
It’s not the kind of bank you’d usually recommend to a friend or relative. Somehow, though, Wells Fargo has a lot of people who use them. A lot of people open bank accounts because they find it convenient, as well as for many other reasons.
Users of Wells Fargo can’t just figure out how much each of their many penalties costs, because there are so many. Also, you don’t know how much money you can get from ATMs and cashiers.
We’ll take care of that for you. In this article, you’ll learn about all of the fees and limits that Wells Fargo has for you. We’ll also tell you how to avoid these penalties and fees.
It costs Wells Fargo Penalty Fees if you pay late.
People who use their Wells Fargo account for certain things will have to pay a few fees. They are also called “penalty fees,” and they are shown in the table below.
As with any bank in the US, Wells Fargo charges a fee when you do certain things at an ATM.
Getting money from a Wells Fargo ATM doesn’t cost you anything, but if you want a statement, you’ll have to pay $1 for it.
If you’re at a bank that isn’t Wells Fargo, on the other hand, fees can build up quickly. The cost of withdrawals can be $2.50, and the cost of looking at your account balance will be $2.00, too.
In the event that you find an ATM that works with your Wells Fargo card outside of the US, be prepared to pay up to $5.00 for a single cash out.
Use a non-Wells Fargo ATM and keep in mind that any fees the ATM operator charges will be added to the fee when you use one. There will be a little more charge.
For free, Wells Fargo will send you a new card if yours is lost, and there are no fees. There is a way to report that your debit card has been lost or stolen. You should get a new card in five to seven calendar days. You can also call your bank.
It’s also possible to pay for faster delivery and get your card back in three business days.
Is this something you would like to do? It’s because it is. Another thing: The delivery service costs only $16, which is very cheap and worth the extra time.
In order to write checks, you should use a cashier’s check. With a normal personal check, there is no way to be sure that the person who gets the money will get it.
In other words, if you have a cashier’s check, however, Wells Fargo is there for you. No matter how little money you have in your bank account, the check will not bounce.
To get a cashier’s check from Wells Fargo, you’ll have to pay $10. In the United States, this charge isn’t very different from what other banks charge. The Bank of America and Citibank both charge the same amount.
Money orders are a type of payment service that asks the person who is paying for the money to pay for it all at once.
They can’t go bad like checks because they’ve already been paid for. Most banks, such as Wells Fargo, let you send money orders, and most of them let you do that.
To send money orders on Wells Fargo, you’ll have to pay $5 unless you have the Preferred Checking account or the Portfolio by Wells Fargo account.
The fees for money orders from Wells Fargo aren’t too high when compared to the rest of the industry. They’re also a good alternative to checks.
Wells Fargo charges a $10 service fee every month for people who use the bank a lot. Wells Fargo isn’t the only bank in the United States that charges this fee. Many other banks in the country charge the same amount.
If you have a Wells Fargo Campus Debit card, you can avoid this service fee. If you have an account, you won’t have to pay this service fee if you’re younger than 24 but older than 17.
A monthly service fee isn’t charged if you get a salary or other payment from Wells Fargo that is more than $500.
Withdrawal Limits for Wells Fargo
As well as the many fees you’ll have to pay to run a Wells Fargo account, there are also some restrictions on withdrawals that you should know as a Wells Fargo customer.
This part of the article talks about the most important rules.
Wells Fargo is one of the few banks in the United States that has ATMs that you can use to cash out money. Most other banks in the country don’t have ATMs like this. It’s not possible to get more than $710 from an ATM on any given day.
This number will be much lower if you don’t use Wells Fargo as your main bank.
Contact Wells Fargo if you need to take out more money from the ATM. They’ll need to raise the withdrawal limit for a short time.
Restrictions on over-the-counter withdrawals
There are usually no hard limits on how much money you can take out of a bank, but there are some practical limits.
A branch can’t give you a million dollars at once because they don’t even have that much money in the bank.
Also, if you try to get more than $10,000 out of your bank account, the bank has to tell the government about it. So, you can expect your bank to be a little more careful when it comes to transactions that involve a lot of money.