The foundation of this program is a Wells Fargo Portfolio Checking account. If you are upgrading from another eligible checking account, you will continue to have the same Debit/ATM card, Overdraft Protection linkages, and account number so you won’t have to change Bill Pay, transfer, or direct deposit details.
Your benefits can add up quickly. You can avoid the $30 monthly service fee with $25,000 or more in qualifying linked bank deposits (checking, savings, time accounts (CDs), FDIC-insured IRAs), OR $50,000 or more in qualifying linked bank, brokerage (available through our brokerage affiliate Wells Fargo Advisors®) and credit balances (including 10% of mortgage balances, certain mortgages not eligible) while gaining access to more benefits.
Learn about the common account fees for the Wells Fargo Portfolio Checking account. View Account Fees (PDF)
The Portfolio by Wells Fargo program has a $30 monthly service fee, which can be avoided when you have one of the following Portfolio by Wells Fargo qualifying balances:
- $25,000 or more in qualifying linked bank deposits (checking, savings, time accounts (CDs), FDIC-insured IRAs), or
- $50,000 or more in qualifying linked bank, brokerage (available through our brokerage affiliate Wells Fargo Advisors®), and credit balances (including 10% of mortgage balances, certain mortgages not eligible).
Benefits apply only to the primary Wells Fargo Portfolio Checking account within the Portfolio by Wells Fargo.
Surcharge fees imposed by non-Wells Fargo ATM owners or operators may apply. For the Portfolio by Wells Fargo program, Wells Fargo will waive its own ATM access fee (U.S. and international) when you withdraw cash from a non-Wells Fargo ATM from your primary checking account within the Portfolio by Wells Fargo program. Where Portfolio by Wells Fargo qualifying balances are $250,000 or more, you will be reimbursed for all surcharge fees on non-Wells Fargo ATM withdrawals located in the U.S., and receive reimbursement for up to 5 surcharge fees imposed by non-Wells Fargo ATM owners or operators per monthly fee period if you use a non-Wells Fargo ATM to make a cash withdrawal at an ATM located outside of the U.S.
Benefit is not available during the first statement period that the qualifying statement-ending balance is $250,000 or more.
If you have multiple linked lines of credit, then you may request which line receives the annual fee waiver. Other fees, such as late fees, may apply in certain states. Additional requirements may apply to the loan or line of credit in order to qualify for the discount.
Home equity lines of credit secured by residential real estate located in Connecticut, New York, and Texas are not eligible to be linked for Overdraft Protection.
In addition to the transfer fee, Wells Fargo makes money if converting U.S. dollars to a foreign currency. Transfer fee is $0 from any account for Portfolio by Wells Fargo customers with qualifying balances of $250,000 or more. Talk to a banker for details.
If the Portfolio by Wells Fargo program is terminated, the bonus interest rate on all eligible savings accounts, and discounts or fee waivers on other products and services will discontinue and revert to the Bank's then-current applicable rate or fee. For bonus interest rates on time accounts, this change will occur upon renewal. If the Portfolio by Wells Fargo program is terminated, the remaining unlinked Wells Fargo Portfolio Checking or Wells Fargo Prime Checking account will be converted to another checking product or closed.
If you own a qualifying Wells Fargo consumer checking or savings account, or a Portfolio by Wells Fargo program (each a “qualifying deposit account”), you will earn a relationship bonus of 10%, 25%, or 50% on rewards points earned on net purchases (purchases minus returns/credits) made on your credit card account. You cannot earn a relationship bonus on points that are earned as either bonus points or as promotional points. Your relationship bonus percentage will be determined based on the type of qualifying deposit account you own. If you own an eligible checking or savings account, you will earn a 10% relationship bonus. If you own the primary checking account in a Portfolio by Wells Fargo program, you will earn either a 25% or 50% relationship bonus, depending on the statement-ending qualifying balances and type of Portfolio by Wells Fargo. If you own more than one qualifying deposit account, you will earn the most favorable bonus rewards points percentage you qualify for at the time your relationship bonus is calculated. The relationship bonus, which will be in the form of rewards points, will post to your account in the 13th month after your credit card account was opened and annually on this date thereafter for as long as you maintain your qualifying deposit account. Please review the Wells Fargo Rewards® Program Terms and Conditions for the Wells Fargo Propel World American Express® Card or the Wells Fargo Propel 365 American Express® Card for details.
Certain restrictions, limitations, and fees may apply. Extended Warranty Protection, Price Protection, and Travel Protection Coverage included with Wells Fargo Visa® Platinum credit card will be terminated if the credit card is no longer linked to the Portfolio by Wells Fargo program. See the Wells Fargo Visa Credit Card Purchase and Trip Protection Benefits Guide for more details.
Overdraft Protection transfers from a savings account count towards the Regulation D and Wells Fargo combined limit of 6 transfers and withdrawals per monthly fee period. If the limit is exceeded, an excess activity fee for each transfer or withdrawal over the limit will be assessed. If the limit is exceeded on more than an occasional basis, your savings account could be converted to a checking account or closed.
Brokerage products and services, including WellsTrade accounts are available through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Discounted flat rate commissions as follows: $6.95 per trade when your Wells Fargo Advisors WellsTrade account is linked to your Portfolio by Wells Fargo program. Unlimited $6.95 trades can be applied to commissions for online and automated telephone trading of stocks (excluding Penny Stocks) and exchange-traded funds. Each trade will be treated as a separate transaction, except in the case of commissions for multiple trades in the same security executed on the same side of the market on the same day, which will be aggregated. WellsTrade household annual fee is waived regardless of Portfolio by Wells Fargo balances when your WellsTrade account is linked to your Portfolio by Wells Fargo program as of June 30 of each year. If the Portfolio by Wells Fargo program is terminated, the commission discount for trades will discontinue and revert to the current applicable commission rate. Other fees and commissions apply to a WellsTrade account. For complete information on fees and commissions, refer to the WellsTrade Account Commissions and Fees Schedule. Schedule subject to change at any time.
For complete information regarding fees and commissions, refer to the Full Service Brokerage Account Fee Schedule at wellsfargo.com, or contact one of our investment professionals. Waived annual account fees on a qualifying full service brokerage account (available through our brokerage affiliate Wells Fargo Advisors, LLC) when linked to a Portfolio by Wells Fargo program with a qualifying balance of $250,000 or more as of June 30 of each year (Certain brokerage accounts are not eligible for this fee waiver.) Other fees and commissions apply to a Wells Fargo Advisors full service brokerage account. For complete information regarding fees and commissions, refer to the Full Service Brokerage Account Fee Schedule at wellsfargo.com, or contact one of our investment professionals. Schedule subject to change at any time. The Financial Advisors and Investment Professionals are registered representatives of Wells Fargo Advisors, LLC (member SIPC), a registered broker-dealer and separate non-bank affiliate of Wells Fargo & Company. Wells Fargo Advisors is the trade name used by 2 separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC.
Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.
Investment and Insurance products:
- Are Not insured by the FDIC or any other federal government agency
- Are Not deposits of or guaranteed by a Bank
- May Lose Value