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Wells Fargo review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Wells Fargo suits US customers who want one big bank for a no annual fee credit card and a Visa debit card. The credit card pays 2% cashback with an annual fee of $0, though borrowing costs 18.74% to 28.74% and the debit card charges 3% on currency conversion.

Key facts

Best for
US customers who want cashback and a checking account from one bank
Annual fee
$0 (Source, checked September 26, 2026)
APR
18.74% to 28.74% (Source, checked September 26, 2026)
Currency conversion fee
3% (Source, checked September 26, 2026)
Rewards type
Cashback (Source, checked September 26, 2026)
Rewards rate
2% cash rewards (Source, checked September 26, 2026)
Balance transfer intro period
12 months (Source, checked September 26, 2026)
Cashback rate
2% (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Wells Fargo National Bank West (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Rewards
Official website
wellsfargo.com

Debit cards

Monthly fee
$5 (Source, checked September 26, 2026)
Currency conversion fee
3% (Source, checked September 26, 2026)
Free ATM withdrawals
$0 (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Card network
Visa (Source, checked September 26, 2026)
Legal entity
Wells Fargo National Bank West (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Features
Rewards

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Annual fee of $0 on the credit card, ranked first of 301 brands on that measure
  • Cashback rewards of 2% cash rewards on the credit card
  • The debit card runs on the Visa network with $0 in free ATM withdrawals
  • Deposits sit with a US bank held to FDIC supervision

Cons

  • Credit card APRs run 18.74% to 28.74%
  • The debit account charges a monthly fee of $5
  • Foreign currency conversion costs 3%
Wells Fargo

Ready to try Wells Fargo?

Scored 8.9 / 10 by DebitCue.

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Who it suits

  • US customers who want a credit card and a checking account from one bank
  • Spending money abroad who will use the debit card and weigh the 3% conversion charge
  • Anyone who values a bank under FDIC supervision

Who should look elsewhere

  • Varo Believe Secured Credit Card, which charges 0% on credit building
  • Wise, whose annual fee is £0 for people who mainly want multi-currency spending
  • Starling Personal Account Debit Card, whose annual fee is £0

Fees and FX

The credit card carries an annual fee of $0, and the balance transfer offer runs for 12. Credit card borrowing costs 18.74% to 28.74%. The debit side is the part to watch: the monthly fee on the checking account is $5, while $0 in ATM withdrawals are free. Currency conversion on the debit card is charged at 3%, which sits above the site median of 1% and near the upper quartile of 2.5%.

How Wells Fargo compares

Where Wells Fargo is available

Available
United States
Licence in United States
FDIC (FDIC cert 27389), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Wells Fargo credit card cost to hold?+

The annual fee is $0, so there is nothing to pay for keeping the account open. The card pays cashback rewards of 2% cash rewards on spending. Borrowing is the expensive part, with card APRs of 18.74% to 28.74%.

How long is the balance transfer offer?+

The balance transfer intro period runs for 12, giving time to clear a balance before the standard rate applies. The standard credit card APR is 18.74% to 28.74%, so the transfer is worth planning around rather than treating as a permanent rate.

Is the Wells Fargo checking account expensive?+

The debit account charges a monthly fee of $5, which is the main cost for everyday banking. $0 in ATM withdrawals are free on the account. The debit card runs on the Visa network.

What does spending abroad on the debit card cost?+

Currency conversion is charged at 3% on the debit account. That is above the site median of 1% and close to the upper quartile of 2.5%, so frequent foreign spending is where this account costs most.

How is the money protected?+

The bank is supervised in the US by the FDIC, and the listed licence is FDIC cert 27389. Deposits are held by a US bank, which matters for readers weighing how safe the balance is.

Who is the account holder?+

The legal entity is Wells Fargo National Bank West, based in the US. Because the account is a US bank account, the products are aimed at US customers rather than people opening accounts in the UK.

How do you get help?+

Support runs on phone and help centre, so you can reach the bank by phone or through its help centre. Both are useful routes for card or account questions.

Does Wells Fargo offer a debit or a credit card?+

It offers both. The card here is a credit card with a credit arrangement and cashback rewards, and the checking account gives a debit card on the Visa network with a monthly fee of $5.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Wells Fargo

Wells Fargo

US customers who want cashback and a checking account from one bank

8.9/10See alternatives