Wells Fargo slaps new monthly $15 fee on ‘everyday checking’ accounts starting November 29

SELECT account holders with Wells Fargo are facing a new monthly fee.

The top bank confirmed the change this month, but it won’t go into effect immediately.

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Wells Fargo customers will spot a new monthly fee on statements soon (stock image)[/caption]

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It only applies to the Wells Fargo Everyday Checking account (stock image)[/caption]

Those consumers who have an Everyday Checking account with Wells Fargo already face a $10 monthly service cost.

Except, starting November 29, fee periods that begin on or after the date will be subject to a $15 fee instead, a $5 increase.

“For fee periods that begin on or after November 29, 2025, the monthly service fee on your Wells Fargo Everyday Checking account will be $15,” the financial institution explained on its website.

While there will be an increase, there will also be different ways for customers to waive it starting about a month earlier on October 25.

“Starting with fee periods that begin on or after October 25, 2025, your account will have new and different ways to avoid the monthly service fee which will continue to be applicable after the fee increase.”

There are currently four ways to avoid $10 monthly account maintenance costs with the Wells Fargo Everyday Checking account.

Customers could make $500 or more on total qualifying electronic deposits every month, for example.

They could also maintain a $500 minimum daily balance consistently.

A third way could be simply the primary account holder’s age range, as those between 17 and 24 who have the Everyday Checking account automatically qualify to waive the current $10 fee.

Lastly, an account holder with a non-civilian military direct deposit from the Wells Fargo Worldwide Military Banking program would be able to waive the charge.

CRITERIA BREAKDOWN

There are now five requirements to waive the $15 fee starting on or after November, with some the same and others updated or new.

The first remained the same, with an account holder being able to escape the charge with $500 or more in total qualifying electronic deposits every month.

The primary account holder being between 17 and 24 years of age also still qualifies for the fee being waived, along with the non-civilian military direct deposit as part of the Wells Fargo Worldwide Military Banking Program.

With the minimum daily balance possibility, it was bumped up to $1,500 from $500, and there’s a new way to waive the $15 fee by having $5,000 or more in deposit balances, investment balances, or both.

Wells Fargo said it determines if an account holder has met the new $5,000 balance requirement if “on the last day of each fee period, balances in eligible accounts” total that amount or more.

With the $1,500 daily balance, there must be at least that amount in a customer’s Everyday Checking account every day of the fee period.

Fee period details can be found in the Monthly Service Fee Summary section of an account statement.

MONEY MOVE

There’s also still a way for Americans to get $200 in free cash from Wells Fargo this fall.

The bank is offering the money as part of a generous sign-up bonus for the Wells Fargo Active Cash Card.

Those who qualify and obtain the credit card must spend $500 in the first three months of getting it, and then the $200 will be posted as a statement credit afterward.

This spending threshold is fairly reasonable than for other credit card sign-on offers, which can be around $3,000 or more.

Interested consumers could go about getting the bonus in a financially healthy fashion, as well.

If they already have a larger purchase planned that amounts to $500 or more with money set aside for it, they could simply put it on their Wells Fargo Active Cash Card.

Then, they’d just pay off the balance immediately with the money they already saved and budgeted.

That way, cardholders can get the $200 without going in the hole $500 just to take advantage of the promotion.

Other banks are offering some similar deals.

Chase Bank, for example, is promising $200 to specific cardholders along with 1.5% cash back on all purchases.

There’s also a little-known “enhanced” rewards card from a major competitor that slashes streaming costs by about $275 yearly.