I went to go visit Wells Fargo Bank on Saturday September 17, 2016. I talked to Natalie and she helped me get information regarding about the savings account and the checking accounts. I also go a little bit of information on the investment, she told me that Wells Fargo is not license for investment. In Wells Fargo they have five types of savings account. The first one is Way2save account in this account is design to make savings on a regular basis. It offers automatic transfer and an option to save more. The minimum deposit to open the account is $25 dollars. To avoid a monthly service fee, the minimum daily balance is $300 or you choose to a monthly automatic transfer of $25 or more from the checking account. You can also choose the Save
…show more content…
The second option is the Opportunity Savings account. In this account it is a basic savings for customers not meeting regular Wells Fargo opening standards. The minimum to open the account is with $25 dollars and has a monthly fee as $5 dollars. To avoid the monthly service fee, the minimum daily balance of $300 dollars or have a monthly automatic transfer of $25 dollars or more to the Opportunity Checking account. In the Opportunity saving account it has an overdraft protection, but it does not include a limited checking writing. The third option is the Platinum savings account. The Platinum Savings Account is variable rate saving offering interest rates, available exclusively to Wells Fargo Checking Customs. The minimum to open the account is $50 and a monthly fee of $10 or avoided when requirements are met. To avoid the monthly service fee, you have to have a minimum daily balance of $3,500. It includes an overdraft protection and a checking writing. The Time Accounts (CDs) Saving Account is a guaranteed fixed interest rate with tiered rates. To open the account is a minimum of $2,500 or $1,000 for IRA. It does not include a monthly fee nor a monthly service fee. It also does not include the protection draft and the checking …show more content…
The first option is the PMA package. In this package it offers a competitive rate, discount, a meaningful benefit. The monthly fee is $30 and a minimum to open the account is $50. To avoid monthly fees is to have $25,000 or more in qualifying linked FDIC-insured accounts. It can also be avoided by having $50,000 or more in qualifying linked bank, credit balances, and a brokerage. The credit need to include a 10% of mortgage balances. There is no monthly service fee discount, but has a free access to online banking with bill pay, interest-earning checking account, free or discount checks, bonus interest rate on select savings, and a waived Wells Fargo ATM access fee at no Wells Fargo ATMs that has a limit 2 per free period combined in U.s or international or unlimited if you have 250,000 qualifying premiere checking balance. The second option to a checking account is the Preferred Checking. In this account is designed for customers with higher balances or Wells Fargo mortgage. The minimum to open the account in $50 and has a service fee of $15. To avoid monthly fee, you will have to have a minimum of $10,000 or more in combine deposits of can qualifying direct deposit totaling of $1,000 or more, or a linked Wells Fargo Home Mortgage. It includes a free access to online banking with bill pay, free or discount checks, interest-earning checking account, and a waived wells Fargo ATM access fees at non-Wells Fargo ATMs with one limit
The second option is the Opportunity Savings account. In this account it is a basic savings for customers not meeting regular Wells Fargo opening standards. The minimum to open the account is with $25 dollars and has a monthly fee as $5 dollars. To avoid the monthly service fee, the minimum daily balance of $300 dollars or have a monthly automatic transfer of $25 dollars or more to the Opportunity Checking account. In the Opportunity saving account it has an overdraft protection, but it does not include a limited checking writing. The third option is the Platinum savings account. The Platinum Savings Account is variable rate saving offering interest rates, available exclusively to Wells Fargo Checking Customs. The minimum to open the account is $50 and a monthly fee of $10 or avoided when requirements are met. To avoid the monthly service fee, you have to have a minimum daily balance of $3,500. It includes an overdraft protection and a checking writing. The Time Accounts (CDs) Saving Account is a guaranteed fixed interest rate with tiered rates. To open the account is a minimum of $2,500 or $1,000 for IRA. It does not include a monthly fee nor a monthly service fee. It also does not include the protection draft and the checking …show more content…
The first option is the PMA package. In this package it offers a competitive rate, discount, a meaningful benefit. The monthly fee is $30 and a minimum to open the account is $50. To avoid monthly fees is to have $25,000 or more in qualifying linked FDIC-insured accounts. It can also be avoided by having $50,000 or more in qualifying linked bank, credit balances, and a brokerage. The credit need to include a 10% of mortgage balances. There is no monthly service fee discount, but has a free access to online banking with bill pay, interest-earning checking account, free or discount checks, bonus interest rate on select savings, and a waived Wells Fargo ATM access fee at no Wells Fargo ATMs that has a limit 2 per free period combined in U.s or international or unlimited if you have 250,000 qualifying premiere checking balance. The second option to a checking account is the Preferred Checking. In this account is designed for customers with higher balances or Wells Fargo mortgage. The minimum to open the account in $50 and has a service fee of $15. To avoid monthly fee, you will have to have a minimum of $10,000 or more in combine deposits of can qualifying direct deposit totaling of $1,000 or more, or a linked Wells Fargo Home Mortgage. It includes a free access to online banking with bill pay, free or discount checks, interest-earning checking account, and a waived wells Fargo ATM access fees at non-Wells Fargo ATMs with one limit