SunTrust Bank vs Wells Fargo
SunTrust Bank is a southeastern regional bank known for good customer service. How does it compare to Wells Fargo? Read our comparison chart below.
SunTrust Bank has 1,400 branches in the Southeast region. Checking accounts require $100 to open and offers different ways to waive fees. Select Savings account offers an annual 1% bonus up to $25. Promotional CD offers a high APY with a $2,000 minimum opening deposit.
While Wells Fargo is one of America's largest banks with over 4,500 locations and approximately 11,000 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 SunTrust Bank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
SunTrust Bank | Wells Fargo | |
---|---|---|
Personal Checking Account - $2,500 Bonus - | ||
Benefits and Features | ||
Savings | 0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates. | 0.15% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under. |
CD | 0.05% APY. Terms ranging from 6 months - 24 months. $2,500 minimum opening deposit. Terms ranging from 7 days - 31 days. OR $1000 minimum opening deposit. Terms ranging from 32 days - 60 days. | Standard Fixed Term CD available online: 1.50% to 4.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 4.51% APY if you maintain a linked Portfolio by Wells Fargo relationship. More CD terms are available in branch. |
Checking | Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo | |
Money Market | Minimum opening deposit $100. Monthly maintenance fee $12 unless 1) one (1) automated transfer ($100 minimum) occurs, OR 2) a minimum daily collected balance of $10,000 is maintained. | Also known as the Platinum Savings Account. 0.25% - 2.50% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.51% requires account linked to Portfolio by Wells Fargo relationship. |
ATMs | More than 2160 ATMs across 11 southeastern states and Washington DC. | approximately 11,000 ATMs across the country |
Customer Service | 24/7 Telephone and Automated Customer Service | Available 24 hours a day, 7 days a week. |
IRA CD | Terms ranging from 1 - 10 years. | Standard Term CD: 0.01% to 4.50% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 4.51% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. |
IRA Money Market | Also known as Retirement High Yield Savings. 0.25% - 2.50% APY. $100 minimum opening deposit. | |
Locations | 1400 bank branches across 11 southeastern states and Washington D.C. | Approximately 4,500+ retail banking branches coast to coast. |
CreditDonkey® Reviews | ||
Savings | ||
CD | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Pros & Cons | Pros:
| Pros:
|
Bottom Line | Southeastern regional bank known for good customer service... | A "big 4" bank with a good range of checking accounts and full services... |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. SunTrust Bank: Pricing information from published website as of 04/12/2022 based on 91107 zip code. Wells Fargo: Pricing information from the published website as of 03/15/2024 is based on the 91107 zip code. |
Which is Better: SunTrust Bank or Wells Fargo?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing SunTrust Bank or Chase.
In short: SunTrust Bank's savings and cd are notable. Wells Fargo's checking and mobile app are worth mentioning. In particular, the mobile app is impressive.