How to Open a Wells Fargo Savings Account

What you need before you start

Wells Fargo requires a few pieces of information and documents before you can open a savings account. You'll need a valid government-issued photo ID (driver's license, passport, or state ID), your Social Security number, and an initial deposit. The minimum opening deposit varies by account type—some savings accounts require $0, while others require $25 or more. Check the specific account you're interested in to know the exact amount.

You'll also need a way to fund the account: either a debit card, another bank account you can transfer from, or cash if you're opening in person at a branch. Have your current address ready, and if you've moved recently, bring documentation that shows your name and address (a utility bill or lease works). If you're opening an account for someone under 18, you'll need to be their parent or legal guardian and bring their birth certificate or Social Security card.

Key Takeaways

You can open a Wells Fargo savings account online, by phone, or in person at a branch, and the process takes 10 to 15 minutes.
Bring a valid photo ID, your Social Security number, and proof of your current address; the minimum opening deposit depends on the account type you choose.
Online and phone openings are fastest and don't require a branch visit, but you'll need to verify your identity through a video call or by answering security questions.
After opening, your account number and routing number arrive by mail within 7 to 10 business days, though you can use your account when ready online.

Opening online through Wells Fargo's website

Go to wellsfargo.com and look for the "Open an Account" button, usually near the top of the page. Select "Savings" from the account type menu, then choose the specific savings product you want—Wells Fargo offers several, including a basic savings account and a higher-yield option. The site will walk you through entering your personal information: name, date of birth, Social Security number, address, phone number, and email.

Next, you'll verify your identity. Wells Fargo typically asks you to answer security questions based on your credit history, or they may ask you to complete a video call with a representative. This step usually takes 5 to 10 minutes. Once verified, you'll set up your initial deposit by linking a bank account or debit card. Review the account terms and disclosures, then submit. Your account opens when ready, and you can log in and start using it right away, though your physical debit card and account statements arrive by mail.

Opening by phone with Wells Fargo customer service

Call Wells Fargo at 1-800-869-3557 to open a savings account over the phone. A representative will ask for the same information as the online process: your ID details, Social Security number, address, and how you want to fund the account. The call typically takes 15 to 20 minutes. You'll need to have your ID in front of you so the representative can verify details like your driver's license number.

The representative will confirm the account type, explain the terms, and process your initial deposit. They can take payment from a debit card, another bank account, or arrange for you to deposit cash at a branch. Ask the representative for your new account number before you hang up—you can use it to set up direct deposit or transfers when ready, even though your physical debit card won't arrive for 7 to 10 business days.

Opening in person at a Wells Fargo branch

Visit any Wells Fargo branch with your photo ID, Social Security number, and proof of address. A banker will help you choose the right savings account for your needs and walk you through the paperwork. Bring your initial deposit in cash, on a debit card, or be ready to transfer from another account. The whole process takes about 20 to 30 minutes, depending on how busy the branch is.

One advantage of opening in person is that you can ask questions about the account features and get your debit card issued on the spot in some cases, though standard cards still arrive by mail. You'll leave with your account number and can start using the account when ready through Wells Fargo's mobile app or website. If you need cash back from your opening deposit, the banker can process that for you before you leave.

What happens after your account opens

Your savings account is active and usable the moment it opens, whether you opened online, by phone, or in person. You can log into your Wells Fargo account online or through the mobile app, set up transfers, and arrange direct deposit using your new account number. However, your physical debit card and welcome materials arrive by mail within 7 to 10 business days.

Your account comes with a routing number (the same for all Wells Fargo accounts: 121000248) and your unique account number. You can use these when ready to set up automatic transfers from another bank or to receive direct deposits from your employer. If you need to make deposits before your debit card arrives, you can use the Wells Fargo mobile app to deposit checks by photo, or visit a branch to deposit cash.

Choosing between Wells Fargo savings account types

Wells Fargo offers several savings options, and the one you choose affects your opening deposit requirement and the interest rate you earn. The basic savings account typically has no minimum opening deposit and a lower interest rate. The higher-yield savings account usually requires a $25 or $100 opening deposit but pays more interest on your balance. Money Market Accounts are another option if you want check-writing ability along with savings features, though they have higher minimum deposits.

Compare the current interest rates on Wells Fargo's website before you open—rates change frequently and vary by account type. If you're unsure which account fits your situation, the representatives you speak with (online, by phone, or in branch) can explain the differences. You can also open one account type now and transfer to another later if your needs change.

Frequently Asked Questions

Can I open a Wells Fargo savings account without going to a branch?

Yes. You can open online at wellsfargo.com or by calling 1-800-869-3557. Both methods take 10 to 20 minutes and don't require a branch visit. You'll verify your identity through security questions or a video call, and your account opens when ready.

What if I don't have a Social Security number?

You'll need an Individual Taxpayer Identification Number (ITIN) instead. Bring your ITIN documentation along with your photo ID and proof of address. Call a branch or visit in person to discuss your options, as the online process may not accept an ITIN.

How long does it take to use my account after opening?

Your account is usable when ready through the Wells Fargo website and mobile app. You can set up transfers and direct deposit right away using your account number. Your physical debit card arrives by mail in 7 to 10 business days.

What's the minimum opening deposit?

It depends on the account type. Some Wells Fargo savings accounts have no minimum opening deposit, while others require $25 or $100. Check the specific account details on Wells Fargo's website or ask a representative which account you're interested in.

Can I open an account for my child?

Yes, but you must be the parent or legal guardian. Bring your ID and your child's birth certificate or Social Security card. Some Wells Fargo branches offer youth savings accounts with features designed for younger savers. Call ahead to confirm your branch has this option.

This guide is for general information only and is not medical, financial, legal, or other professional advice. For decisions specific to your situation, consult a qualified professional. See our Editorial Policy.