Credit Cards

Juno | How to Close a Wells Fargo Account – Tips, Tricks and More

The easiest way to close your account is to log onto the Wells Fargo online banking website, head to the Contact Us section, where you can send an email 
Video How to close wells fargo account

So you’ve made the decision to close your Wells Fargo account. By this point, you’ve probably realized that their rosy promises of free checking accounts and high-yield savings accounts were just leading you into a labyrinth of hidden fees and charges. Minimum balance requirements. Monthly service fees. Overdraft penalties. Ridiculous wire transfer fees. And to add insult to injury, an interest rate that hovers between 0 and 0.01%; making you effectively zero income on your precious deposits.

close chase account

Ever heard the phrase, “your money should generate returns as you sleep”?. This is clearly not the case when you bank with America’s most illustrious financial institutions. At some point in the distant past, large banks ganged up to charge you over $329 a year just for the privilege of using your own hard earned money.

But let bygones be bygones. You’re moving on to better things. As with any break up, this may seem like an anxiety-inducing uphill battle. But as always, we’re here to help.

Things to Do before you Close your Wells Fargo Account

  1. This may seem obvious, but make sure you have a new bank account set up prior to closing your Wells Fargo account.
  2. Review your most recent monthly statement for any recurring charges like water, electricity, gas and rental bills. Make sure that you transfer over all these essential charges to your new account at least 15 days before they are due.
  3. Take note off all your online subscriptions like Netflix, Apple Music and Spotify and transfer them over to your new account.
  4. Highlight any annual or semi-annual recurring charges that may not be reflected on the monthly statement and transfer them as well.
  5. If your salary’s direct deposit is attached to this account, transfer it to your new bank at least a full working week before it is expected.
  6. Check for any recurring or overdue bank fees and resolve them. This is essential to protect your credit score (explained later).
  7. Transfer any remaining balances over to your new account and go make that evening margarita. You deserve it.

Closing a Wells Fargo Checking or Savings Account

  1. The easiest way to close your account is to log onto the Wells Fargo online banking website, head to the Contact Us section, where you can send an email requesting account closure. If you’ve maintained zero balance, you should receive a confirmation email within a few days.
  2. Visit your local Wells Fargo branch and speak to an account executive. You will need to provide identity proof, so carry along your social security number, valid ID, address details, pin numbers etc. You can find the closest branch to you on this online locator.
  3. If you don’t have access to a local branch, call the Wells Fargo support center at 1-800-869-3557and request for account closure.

    Does Closing a Bank Account Affect Credit Score?

    No, it doesn’t! Credit bureaus are not privy to your bank account information and hence cannot report your transactional activity to the credit bureau. The only case where your credit score might be affected is if you have negative overdraft balance and haven’t repaid in a long time. Banks will pass on the overdue amount to collection agencies, who can report to credit bureaus, thus affecting your credit score.

    This is why it is essential that you clear all bank dues prior to closing your account.

    Need a bank account without the fees or the anxiety? We’re here to help

    Say hello to OnJuno.

    Read more: Best First Credit Cards To Build Credit In September 2022 – Forbes Advisor

    OnJuno’s FDIC insured High Yield Checking Account can help you earn an industry-leading 1.20% on all deposits. No more anxiety of switching between checking and savings accounts. No account opening fee. No minimum balance. No monthly service fee. No ATM withdrawal fee. No excuses.

    Your money should work for you 24/7 at no added cost. We’re working tirelessly to ensure this reality. Sign up for priority access at and lock your rates for the year.

    How to Close a Bank Account in America

    How to Close a Chase Account

    How to Close a Bank of America Account

    Bank Fees and Charges

    Chase Checking and Savings Account Fees

    Read more: Cancel Petland Credit score Card with out Login | VisaVit

    Wells Fargo Checking and Savings Account Fees

    Bank of America Checking and Savings Account Fees

    Citibank Checking and Savings Account Fees

    US Bank Checking and Savings Account Fees

    Compare Interest Rates

    Chase Savings Account Interest Rates

    Bank of America Savings Account Interest Rates

    Read more: Wawa Credit score Card Login, Fee Pointers & Buyer Provider

    Wells Fargo Savings Account Interest Rates

    Track Your Savings

    Simple Savings Calculator

    Compound Interest Calculator

    Find Your Routing Number

    Wells Fargo Routing Number

    Chase Routing Number

    Bank of America Routing Number

0 ( 0 voted )

150 Charles
A remarkable site overlooking the expanse of the waterfront, 150 Charles Street is sited between the activity on the Hudson River and the history of the West Village

See more