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Santander Bank vs Wells Fargo

Santander Bank is a northeastern bank with low requirements to waive fees. How does it compare to Wells Fargo? Read our comparison chart below.

Santander Bank has over 600 branches in the Northeast. Offers a range of checking and savings accounts, with simple requirements to waive service fees. High balance customers can earn higher interest. Their CDs offer high a APY with $500 minimum opening deposit.

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

 

Santander Bank

Wells Fargo

SPECIAL OFFER
Individual Retirement Account (IRA) - $1,000 Bonus - Learn More

Read Santander Bank Review

SPECIAL OFFER
Consumer Checking Account - $400 Bonus - Learn More

Read Wells Fargo Review

 

Benefits and Features

Savings0.03% APY. $25 Minimum opening deposit. $1 monthly fee, unless 1) You have a Santander Checking Account, or have 2) $100 average daily balance in your savings account.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.
CD0.60% - 2.25% APY. Terms ranging from 3 months to 5 years. Minimum deposit of $500, with Santander Checking Account.Standard Term CD: 0.05% - 0.15% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 0.25% - 0.30% APY. Terms of 9, 29, and 39 months. Minimum deposit of $5,000. Bonus of up to 0.35% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
Money Market0.10% - 0.80% APY. Must be Santander Premier Plus Checking Account holder. Minimum deposit of $25. No monthly fee.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 ServiceMon-Sun 6:00 am - 10:00 pm (ET) (excluding Christmas Day)Available 24 hours a day, 7 days a week.
ATMsOver 2000 ATMs throughout the Northeast, including in many CVS/pharmacy® locationsMore than 13,000 ATMs across the country.
IRA CD Standard Term CD: 0.01% - 0.35% APY. Terms of 1 month to 114 months. Minimum deposit of $1,000. Special CD: 0.25% - 0.30% APY. Terms of 9, 29, and 39 months. Minimum deposit of $2,500. Bonus of up to 0.40% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market 0.03% - 0.05% APY. $100 minimum opening deposit.
Locations
Over 600 branches in the US
Approximately 5,400 retail banking branches coast to coast.
 

CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • Easy to waive monthly fees
  • High APY for CDs
  • Free student checking
Cons:
  • Low interest for Premier Plus Checking
Bottom LineNortheastern bank with low requirements to waive fees... Read full review Read full review

Consumer Checking Account - $400 Bonus

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Santander Bank: Pricing information from published website as of 03/21/2020 based on 91107 zip code.

Wells Fargo: Pricing information from published website as of 03/28/2020 based on 91107 zip code.

Which is Better: Santander Bank or Wells Fargo?

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


Articles on Santander Bank


Articles on Wells Fargo


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