You can open a Wells Fargo savings account online in about 10 minutes using a computer or phone

Wells Fargo lets you start a savings account entirely through their website or mobile app without visiting a branch. The process asks for your Social Security number, date of birth, address, and initial deposit information. Most accounts open the same day, though it can take up to one business day for the account to be fully active for transfers.

You will need a valid government ID (driver's license, passport, or state ID), a Social Security number, and an initial deposit method — either a debit card, bank account, or wire transfer. If you already have a Wells Fargo checking account, the process is faster because the bank already has your information on file.

Key Takeaways

  • Wells Fargo savings accounts open online through their website or mobile app and are usually active the same day.
  • You need a government ID, Social Security number, and an initial deposit of at least $0.01 to open an account.
  • If you have an existing Wells Fargo account, you can link a new savings account to it during setup.
  • The online process takes about 10 minutes and does not require a branch visit or phone call to a representative.
  • Wells Fargo charges monthly maintenance fees on most savings accounts unless you meet balance or deposit requirements.

What you need before you start

Gather these items before opening your browser: a valid government-issued ID (driver's license, passport, or state ID card), your Social Security number, and your current address. Wells Fargo will verify this information against what they have on file with the Social Security Administration and other databases.

You also need a way to make an initial deposit. This can be a debit card from another bank, a checking or savings account at another institution (for ACH transfer), or a wire transfer. Wells Fargo does not require a minimum opening deposit — you can deposit as little as one cent — but you will need to fund the account to complete the setup.

If you already bank with Wells Fargo, have your username and password ready. Existing customers can link a new savings account to their current checking account during the online process, which speeds up transfers between accounts later.

Steps to open the account on the Wells Fargo website

Go to wellsfargo.com and look for the "Open an Account" or "Savings Accounts" link on the homepage. Click it and select "Savings Account" from the account type options. Wells Fargo will ask whether you are an existing customer or new to the bank — choose the option that matches your situation.

Enter your personal information: full name, date of birth, Social Security number, and current address. Wells Fargo will verify this against government records. You will also choose a username and password for online access if you do not already have a Wells Fargo login.

Select which savings account product you want. Wells Fargo offers several types — their basic savings account, a higher-yield savings account (rates vary), and accounts with different fee structures. Read the fee schedule for each option; most charge a monthly maintenance fee unless you maintain a minimum balance or receive direct deposits.

Choose your initial deposit method. If you are using a debit card, enter the card number, expiration date, and CVV. If you are transferring from another bank account, provide the routing number and account number. Complete the deposit amount — again, this can be as small as $0.01.

Review the account agreement and disclosures. Wells Fargo will show you the terms, fee schedule, and interest rate (if applicable). Check the box to confirm you have read and understand these terms, then submit your application.

Opening an account through the Wells Fargo mobile app

Download the Wells Fargo mobile app from the Apple App Store or Google Play Store. Open the app and tap "Open an Account" or look for an account-opening option in the menu. The process is nearly identical to the website version but optimized for a phone screen.

You may need to use your phone's camera to photograph your government ID. Wells Fargo uses this image to verify your identity as part of their fraud prevention process. Make sure the photo is clear and all four corners of the ID are visible.

After you submit your application, Wells Fargo will send a confirmation email to the address you provided. Your account number and routing number will appear in the app or in that email. Most accounts are ready to use within a few hours, though some take up to one business day.

What happens after you submit your application

Wells Fargo processes most online applications instantly or within a few hours. You will receive an email confirmation with your new account number and routing number. Log into your Wells Fargo online account or app to see your new savings account listed alongside any existing accounts.

Your initial deposit will post within one to three business days, depending on the deposit method. If you used a debit card, it typically posts the fastest. If you transferred from another bank account via ACH, it may take two to three business days. Wire transfers usually post the same day.

Once the account is open, you can set up automatic transfers, link it to external accounts, or begin depositing paychecks. You can also change the account name (for example, "Emergency Fund" or "Vacation Savings") to keep track of what the money is for.

Understanding Wells Fargo savings account fees

Most Wells Fargo savings accounts charge a monthly maintenance fee, typically $5 to $10 depending on the account type. However, you can avoid this fee by maintaining a minimum balance — usually $300 to $500 — or by receiving direct deposits into the account each month.

Other fees to know about: Wells Fargo charges $3 to $5 for each withdrawal beyond a certain number per month (federal law previously limited this, but that rule changed). They also charge $25 to $35 for overdrafts if you try to withdraw more than your balance, though this is rare with a savings account since you cannot write checks on it.

If you close the account within 90 days of opening it, some Wells Fargo accounts charge an early closure fee of $25. Check the fee schedule for the specific account type you chose to see whether this applies.

Linking your new savings account to other banks

After your account opens, you can link it to accounts at other banks for transfers. Log into your Wells Fargo account online or in the app, go to "Transfer Money," and select "Link External Account." You will enter the routing number and account number of the other bank.

Wells Fargo will make two small test deposits (usually under $1 each) to the external account within one to two business days. You then confirm the amounts in your Wells Fargo account to verify you own that account. After confirmation, you can transfer money between the accounts.

Transfers from Wells Fargo to an external bank account typically take one to three business days. Transfers from an external account into Wells Fargo also take one to three business days. Wells Fargo does not charge a fee for these transfers, but your other bank may.

Frequently Asked Questions

Can I open a Wells Fargo savings account if I do not have a checking account with them?

Yes. New customers can open a savings account online without having any other Wells Fargo account. The process is the same — you provide your personal information, verify your identity, and make an initial deposit. You will receive a new account number and routing number for that savings account.

What if my application is denied?

Wells Fargo may deny an application if you have a history of overdrafts or fraud, if your identity cannot be verified, or if you appear on ChexSystems (a banking history database). If your application is denied, you will receive an email explaining the reason. You can call Wells Fargo at 1-800-869-3557 to ask about the decision or try again after addressing the issue.

How long does it take to receive my debit card for the savings account?

Wells Fargo savings accounts do not come with debit cards — they are designed for saving, not everyday spending. You can withdraw money by transferring it to a checking account, visiting a branch, or using an ATM with your Wells Fargo card if you have a checking account. If you need a card for frequent access, consider opening a checking account instead.

Can I change my mind and close the account right after opening it?

Yes, but you may face an early closure fee if you close within 90 days. The fee is typically $25. If you want to close the account, log into your Wells Fargo account online, go to "Account Services," and select "Close Account." You can also visit a branch or call 1-800-869-3557.

What interest rate will I earn on my savings?

Wells Fargo savings account interest rates change based on market conditions and the Federal Reserve's rate decisions. Rates vary by account type — their basic savings account typically earns less than their higher-yield savings account. Check the current rate on Wells Fargo's website before opening, as rates are not may provide and can change after you open the account.