Wells Fargo Bank, National Association

Headquarters

101 N Phillips Ave
Sioux Falls, SD 57104
See all branch locations →

ACH 121000248

Phone 800 869 3557

Notable Rates APY Vs.Others
Savings 1.01% 5.55% →
1-Year CD 2.00% 5.60% →
2-Year CD 2.00% 4.90% →
5-Year CD N.A. 4.55% →
30-Year Mortgage 7.12% 4.91% →
15-Year Mortgage 7.17% 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Wells Fargo Bank, National Association is an FDIC insured institution located in Sioux Falls, SD. It was founded in 1870 and has approximately $1733.24 billion in assets. Customers can open an account at one of its 6,371 branches.

FDIC Insured Yes
FDIC Certificate # 3511
Date Established 1870
Assets $ 1,733.24 billion
Loans $ 889.68 billion
Deposits $ 1,416.89 billion
Capital $ 163.00 billion
 

For a more detailed analysis of Wells Fargo Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 23, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
SAV
0.01% $1 - Learn More
SAV
1.01% $100,000 $499,999 Learn More
CD Rates APY MIN MAX
3 Month
4.50% $25,000 - Learn More
3 Month
4.50% $100,000 - Learn More
6 Month
2.50% $25,000 - Learn More
6 Month
2.50% $100,000 - Learn More
7 Month CD Special
4.75% $5,000 - Learn More
11 month Special
4.75% $5,000 - Learn More
12 Month
1.50% $25,000 - Learn More
12 Month
2.00% $100,000 - Learn More
24 Month CD
1.50% $25,000 $49,999 Learn More
24 Month CD
2.00% $100,000 - Learn More

Fixed IRA Rates APY MIN MAX
FIRA
2.01% $100,000 - Learn MoreShow Less
7 Month CD Special
4.75% $2,500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
VIRA
0.01% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
INTCK
0.01% $0 - Learn MoreShow Less
Checking Rates APY MIN FEE
Everyday Checking 0.00% $1,500 $10.00 Learn MoreShow Less
Preferred Checking 0.00% $10,000 $10.00 Learn MoreShow Less

Wells Fargo Bank, National Association often runs savings promotions for new accounts.
See Wells Fargo Bank, National Association current offers here
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Loan Rates - April 23, 2024

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Wells Fargo Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Wells Fargo Bank, National Association Locations



Climate Policy and Initiatives


Wells Fargo has significantly lagged other major US banks in setting goals to be carbon neutral in its energy fund and to reach zero carbon emissions.  

According to the Rainforest Action Network, between 2016 and 2021, Wells Fargo provided $272 billion in lending and underwriting to the fossil fuel industry, third among global banks. Its fossil financing increased $20 billion from 2020 to 2021, the most of any global bank. Wells Fargo was also the world's biggest banker of fracking in 2021.

Updated March 31, 2024


Climate Score: D


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Financial Details

Wells Fargo Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Wells Fargo Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Wells Fargo Bank, National Association U.S. Bank Average
6.93% 3.96%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2024, Wells Fargo Bank, National Association had $12,014,000,000 in non-current loans and $297,000,000 in owned real estate. To cover these potential losses it had $163,002,000,000 in equity and $14,607,000,000 in loans loss reserves. That gives it a Texas Ratio of 6.93%.

Return on Equity
Wells Fargo Bank, National Association U.S. Bank Average
13.56% 12.20%

Wells Fargo Bank, National Association has a Return on Equity of 13.56% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Wells Fargo Bank, National Association U.S. Bank Average
9.4% 10.76%

Wells Fargo Bank, National Association has a Capitalization of 9.4% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Wells Fargo Bank, National Association Balance Sheet Analysis

As of December 31, 2023, Wells Fargo Bank, National Association had assets of $1,733,244,000,000, loans of $889,682,000,000, and deposits of $1,416,886,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 236.34 billion
Interest-bearing balances $ 204.12 billion
Total securities $ 386.24 billion
Federal funds sold and reverse repurchase $ 51.48 billion
Net loans and leases $ 889.68 billion
Loan loss allowance $ 14.61 billion
Trading account assets $ 52.14 billion
Bank premises and fixed assets N.A.
Other real estate owned $ 297.00 million
Goodwill and other intangibles $ 30.91 billion
All other assets $ 73.19 billion
     Total Assets $ 1,570.24 billion
LIABILITIES
Total deposits $ 1,416.89 billion
      Interest-bearing deposits $ 1,013.40 billion
      Deposits held in domestic offices $ 1,392.42 billion
      % insured (estimated) 57.90%
Federal funds purchased and repurchase agreements $ 8.40 billion
Trading liabilities $ 21.60 billion
Other borrowed funds $ 22.19 billion
Subordinated debt $ 10.03 billion
All other liabilities $ 25.02 billion
      Total Liabilities $ 1,570.24 billion
      Shareholders’ Equity $ 163.00 billion

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 78.19 billion
Total Interest Expense $ 23.20 billion
Net interest income $ 54.99 billion
Provision for loan and lease losses $ 5.45 billion
Total non interest income $ 21.95 billion
Total non interest expense $ 45.39 billion
Pre-tax Net Operating Income $ 9.18 billion

Bank Loan Profile?

The top three loan types in Wells Fargo Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in South Dakota, Wells Fargo Bank, National Association has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.69
Multifamily
Mortgages
2.91
Credit Card Loans 4.63
Consumer Auto Loans 6.26
Small Business Loans 0.52
Construction and Development Loans 2.28
Commercial Real Estate 10.47
Commercial and Industrial Loans 20.12
Farm Loans 0.35

Customer Reviews for Wells Fargo Bank, National Association


  • February 6, 2023

    after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with all the great insurance that we are supposed to have to protect our money since they arent a financial services company that was denied also after the bank allowed other entities to treat me and my business as a "pass through entity" i didnt know that a first time business owner doing that kid of revenue was a pass through entity and could be disregarded. The American dream or the core of our international identity would dictate differently.

  • April 23, 2022

    Horrible! Customer service and services shrink every day!

  • August 30, 2021

    WELLS FARGO IS VERY EXPENSIVE just for a check acct,fees for EVERYTHING.I'm sick of them,WHO has cheaper checking accts,?

  • November 27, 2017

    Monsters!

  • November 20, 2017

    worst bank ever!!!!!!!!!!


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