Wells Fargo vs Relay for non residents

By Rohan Smith, 15 December, 2022

Wells Fargo review for non-residents without SSN

Bank

Wells Fargo

SSN Required?

For Residents

ITIN Required?

Can Apply Online?

With SSN

Summary

Wells Fargo offers a large network of branches, many ATMs, and a variety of financial products. Monthly fees on basic bank accounts can be easily waived, but savings rates tend to be low. If you have a high enough balance across eligible accounts, you could receive upgrades on interest rates (but they’re still lower than the national average). Wells Fargo may be a good fit if you’re looking for a large network of branches and ATM access is important to you.

Features

Account: Everyday Checking.
US residence required: Yes (though not necessarily primary residence).
SSN/ITIN required: Only for US citizens.
No minimum daily balance required - Outgoing int'l wire cost: $30 plus an additional 4%-10% (depending on the currency)

Cons

Yields on certificates of deposit and savings accounts are low, like many big banks.
There is an out-of-network ATM fee of $2.50 for checking account customers.
The money market account has a steeper monthly fee if a specified balance isn’t maintained.
Wells Fargo still charges a $35 fee for over-drafting your account on most of its checking accounts.

Link

https://www.wellsfargo.com/checking/everyday/

Relay review for non-residents without SSN

Bank

Relay