Citibank vs Wells Fargo

Citibank is a large national bank best for high balance customers. How does it compare to Wells Fargo? Read our comparison chart below.

Citibank has 700 branches across the U.S. Accounts must be opened as a checking & savings package. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

While Wells Fargo is one of America's largest banks with over 5,400 locations and 13,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.

Compare Citibank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings and reviews.

	Citibank	Wells Fargo
	SPECIAL OFFER Citigold Package - $1,500 Bonus - Learn More Read Citibank Review	SPECIAL OFFER Consumer Checking Account - $400 Bonus - Learn More Read Wells Fargo Review
	Benefits and Features
Savings	0.04% - 0.06% APY. No minimum deposit. $4.50 monthly fee unless you maintain an average monthly balance of $500.	0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or are under the age of 18.
CD	0.05% - 1.25% APY. Terms ranging from 3 months to 5 years. Minimum opening deposit is $1,000 in CA, and NV, $2,500 in MD, DC, VA, and FL, $500 in all other markets.	Standard Term CD: 0.05% - 0.35% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 1.15% - 1.50% APY. Terms of 9, 29, and 39 months. Minimum deposit of $5,000. Bonus of up to 1.55% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
Money Market	A.k.a 'Savings Plus' Account. 0.01% - 0.10% APY. Minimum opening deposit $100.	Also known as the Platinum Savings Account. 0.05% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.10% requires account linked to Portfolio by Wells Fargo® relationship.
Customer Service	24/7 Live Customer Service (Telephone)	Available 24 hours a day, 7 days a week.
ATMs	2400 ATMs across the country. Citibank also works at all MoneyPass ATMs, which means access to over 60,000 no-fee ATMs.	More than 13,000 ATMs across the country.
IRA CD	Can convert an IRA to a regular CD account. 0.05% - 1.75% APY. Terms ranging from 3 months to 5 years. Minimum opening deposit is $1,000 in CA, and NV, $2,500 in MD, DC, VA, and FL, $500 in all other markets.	Standard Term CD: 0.01% - 0.35% APY. Terms of 1 month to 114 months. Minimum deposit of $1,000. Special CD: 1.15% - 1.50% APY. Terms of 9, 29, and 39 months. Minimum deposit of $2,500. Bonus of up to 1.55% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market	Can convert an IRA account to a regular Money Market account. 0.01% - 0.10% APY. Minimum opening deposit $100.	0.03% - 0.05% APY. $100 minimum opening deposit.
Locations	700 Citibank branches across 13 states (mostly in California and New York)	Approximately 5,400 retail banking branches coast to coast.
	CreditDonkey® Reviews
Savings
CD
Checking
Customer Service
Mobile App
Pros & Cons	Pros: Perks for high balance customers Many fee-free ATMs Global presence Cons: No free checking option Higher balance requirements Low savings APY
Bottom Line	Large national bank best for high balance customers... Read full review	Read full review
	Citigold Package - $1,500 Bonus Citi Priority Package - $700 Bonus	Consumer Checking Account - $400 Bonus
Citibank: Pricing information from published website as of 01/22/2020. Wells Fargo: Pricing information from published website as of 01/22/2020 based on 91107 zip code.

Which is Better: Citibank or Wells Fargo?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Citibank or Chase.

Articles on Citibank

Citibank Review
Citibank offers credit cards and banking services. But service fees and balance requirements are on the high side. Is it the right bank for you? Read this review to find out.
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Citibank Routing Number
Looking to transfer money in or out of your Citibank checking or savings account? You'll need the right routing number. Find your Citibank routing number and learn about money transfers below.
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Articles on Wells Fargo

Wells Fargo Bank Review
Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.
Wells Fargo Routing Number
How do I find my Wells Fargo routing number? Here's how you can check.

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