What you need to open a Wells Fargo account

Wells Fargo requires a government-issued photo ID, your Social Security number, and an initial deposit to open most checking or savings accounts. You can start the process online, by phone, or in person at a branch. The whole thing usually takes 10 to 15 minutes if you have your documents ready.

The initial deposit amount depends on the account type. Some accounts require $25, others $100 or more. Wells Fargo will tell you the minimum when you choose which account to open. You can fund the account with a debit card, transfer from another bank, or cash at a branch.

If you do not have a Social Security number, Wells Fargo can open an account using an Individual Taxpayer Identification Number (ITIN) instead, though you will need to visit a branch in person and bring additional documentation like a passport.

Key Takeaways

  • You need a photo ID, Social Security number, and an initial deposit; the minimum deposit varies by account type but starts as low as $25.
  • Online account opening takes about 10 to 15 minutes and you can fund the account immediately with a debit card or transfer from another bank.
  • If you open in person at a branch, bring your ID and Social Security card or number, and ask which account type fits your banking habits.
  • Wells Fargo checks ChexSystems, a banking history database, so a history of overdrafts or fraud at other banks may block your account.
  • You can add a second person to the account during opening, or request online banking and a debit card to arrive by mail within 7 to 10 business days.

Opening an account online

Go to wellsfargo.com and select "Open an Account" from the homepage. You will choose between checking, savings, or money market accounts. Wells Fargo will ask you to enter your name, address, date of birth, Social Security number, and phone number. Have your ID ready to verify your information matches.

Next, you decide on the initial deposit method. If you use a debit card from another bank, enter the card number and the amount you want to deposit. If you transfer from another bank account, provide the routing number and account number. Wells Fargo will debit the amount immediately or within one business day, depending on the method.

At the end of the process, Wells Fargo will show you your new account number and routing number. You can set up online banking and a PIN right away. Your debit card will arrive by mail in 7 to 10 business days; you can use your account number to make transfers or set up direct deposit before the card arrives.

Opening an account at a branch

Bring your photo ID and Social Security card (or write down your number) to any Wells Fargo branch. A banker will walk you through the account options and help you choose based on whether you want checking, savings, or both. They will ask the same questions as the online form: name, address, date of birth, and Social Security number.

Tell the banker how you want to fund the account. You can hand over cash, use a debit card, or arrange a transfer from another bank. If you transfer, the banker will need the routing and account number from your other bank. The deposit usually posts the same day for cash or debit card, or within one business day for transfers.

Before you leave, ask for your account number and routing number in writing. The banker can also order a debit card to be mailed to you, or you can request a temporary card to use immediately. If you want online banking, the banker will set up a username and password on the spot.

What happens if Wells Fargo denies your account

Wells Fargo uses ChexSystems, a database that tracks banking history at other institutions. If you have unpaid overdrafts, a history of fraud, or too many accounts opened and closed in a short time, Wells Fargo may deny your account. You will receive a letter explaining the reason.

If ChexSystems is the issue, you can request your ChexSystems report for free at chexsystems.com. Review it for errors and dispute anything that is wrong. If the denial is due to your banking history, you may be able to reapply after 12 months, or look into a second-chance checking account at another bank while you rebuild your history.

If Wells Fargo denies you for a reason other than ChexSystems — such as an issue with your ID or Social Security number — ask the banker or customer service representative what specifically caused the denial. Sometimes a simple correction, like updating your address, is all that is needed to reapply.

Account types and monthly fees

Wells Fargo offers several checking accounts: Everyday Checking (lowest cost), Premier Checking, and Platinum Checking. Everyday Checking has no monthly fee if you maintain a $500 minimum balance or set up direct deposit. If your balance drops below $500 and you have no direct deposit, the fee is $10 per month.

Savings accounts include Wells Fargo Savings and Money Market accounts. Savings accounts have no monthly fee if you maintain a $300 minimum balance. Money Market accounts require a higher minimum, usually $2,500, but pay a higher interest rate. Interest rates change based on the Federal Reserve, so check wellsfargo.com for current rates.

You can avoid most monthly fees by setting up direct deposit of your paycheck or government benefits. Even a small recurring deposit counts. If you are unsure which account fits your situation, ask a banker at the branch — they can show you the fee structure for each type and help you pick one that matches your expected balance and activity.

Adding a second person to your account

You can add a joint owner during the account opening process, either online or at a branch. The second person must be present in person at a branch, or you can add them later online if they already have a Wells Fargo account. Both owners have full access to the account and can withdraw money, make transfers, or close the account.

If you open online and want to add a joint owner, you will need to visit a branch after your account is set up. Bring the second person's photo ID and Social Security number. The banker will update your account to include them as a joint owner.

If you are opening a joint account at a branch, both people should be present with their IDs and Social Security numbers. Wells Fargo will ask both of you to sign the account agreement. The initial deposit can come from either person's debit card or bank account.

Setting up direct deposit and online banking

Direct deposit is the easiest way to avoid monthly fees and keep your account active. You can set it up during account opening or anytime after. Ask your employer or benefits administrator for Wells Fargo's routing number (121000248 for most accounts) and provide your new account number. Direct deposit usually takes one to two pay periods to start.

Online banking is set up automatically when you open your account online. If you opened at a branch, the banker will create a username and password for you on the spot. You can log in at wellsfargo.com or use the Wells Fargo mobile app to check your balance, transfer money, pay bills, and deposit checks by phone camera.

If you forget your online banking password, go to wellsfargo.com and select "Forgot Username or Password." Wells Fargo will send a reset link to your email or phone number on file. You can also call customer service at 1-800-869-3557 to reset it over the phone.

Frequently Asked Questions

How long does it take to open a Wells Fargo account?

Online account opening takes 10 to 15 minutes if you have your ID and Social Security number ready. In-person opening at a branch also takes about 15 minutes. Your account is active immediately, though your debit card arrives by mail in 7 to 10 business days.

Can I open a Wells Fargo account without a Social Security number?

Yes, if you have an Individual Taxpayer Identification Number (ITIN). You must open the account in person at a branch and bring your ITIN documentation, such as a passport or visa, along with your photo ID. Wells Fargo will verify your ITIN with the IRS.

What if I do not have a photo ID?

You must have a government-issued photo ID to open an account. Acceptable forms include a driver's license, passport, or state ID card. If you do not have one, you will need to obtain one before Wells Fargo can open your account.

Can I open an account for someone else?

No. The person whose name is on the account must be present in person at a branch or complete the online process themselves. A parent or guardian can open a custodial account for a minor, but they will need the child's Social Security number and birth certificate.

What is the minimum initial deposit?

The minimum varies by account type. Everyday Checking requires $25, while some savings accounts require $300 and money market accounts require $2,500. Wells Fargo will tell you the minimum when you choose your account type during opening.