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How to Close Your Wells Fargo Savings or Checking Account

This article was written by in Banking. 10 comments.

Two years ago, Wells Fargo changed its customer agreement, taking away the rights of customers to resolve disputes with the bank through the typical legal process afforded citizens of the United States. Current Wells Fargo customers tacitly or knowingly agreed to sign away these rights in favor of an arbitration system that favors wealthy corporations.

Although I wrote about the change on Consumerism Commentary, changes like these go largely unnoticed and don’t get a lot of attention in the media, even from consumer-focused outlets.

To be honest, I still have personal and business accounts at Wells Fargo. I’m continuing to look for a credit union that is convenient enough for me to move my primary banking. I’ve opened and closed dozens of bank accounts to review the companies for Consumerism Commentary readers, and one of these days, I will close my account at Wells Fargo.

The process of closing a checking or savings account is thankfully straightforward, and Wells Fargo will not make you jump through hoops in order to complete the process. Before you close your account at Wells Fargo, though, be sure to download the latest version of the Bank Switch Kit and Checklist.

The Bank Switch Kit has specific tips and forms for making sure your account is ready to close. First, you’ll have to make sure you have no automatic deposits or withdrawals. That might involve changing your direct deposit instructions at your job or changing your bill payment accounts. A standard form included in the Kit takes care of the first issue.

After ensuring you have no future deposits or withdrawals, you have to move your balance to zero. If your balance is less than zero, Wells Fargo will not let you close the account before paying what you owe. If you don’t pay what you owe, even if you don’t believe it’s your fault the account is negative, the account will go into collections and it will be more difficult for you to open a bank account anywhere else.

Most likely, your balance is above zero, and you have to clear the balance out before closing the account. With Wells Fargo, you can either transfer the balance to an external bank account linked to your Wells Fargo account. If you don’t have an external bank account linked to your Wells Fargo account, you can add the external account by logging into your account online, selecting “Transfers & Payments” from the menu, then selecting the “Transfers” page.

There are several links on this page to add your non-Wells Fargo account for transfers. It will take a few days to confirm that you own the external account.

If you already have a linked account you can use this page to transfer your full balance out of Wells Fargo into a different financial institution.

Another option for moving your balance to zero is to request an official bank check (a cashier’s check). You can do this in any Wells Fargo branch or you can request a check through the mail. Unfortunately, Wells Fargo charges a fee for cashier’s checks, whether you request them at a branch or through the mail. To request a check through the mail, send a notarized letter requesting the check and the closure of the accounts, and a confirmation of the address on the account, to the following address:

Wells Fargo
350 SW Jefferson Street DP5
Portland, Oregon, 97201

Once the above is complete — you will have no future automatic deposits or withdrawals and your balance is zero — you can officially close the account. If you do not do this step, you will continue to have an account at Wells Fargo with a zero balance. If that’s the case, you could run afoul of minimum balance requirements. You will be charged a monthly fee for your low balance, and your account will have a negative balance. You will owe the bank money.

Make sure you continue the process to close the account. You have three options for doing so.

Option #1: The internet. Log onto your Wells Fargo account online. Select “Contact Us,” a link at the top of every page on wellsfargo.com. On the right side of the Contact page, under “Other Ways to Contact Us,” select “Email Us.” You can choose the account you’d like to close, and choose “Account questions or requests” as the subject of your email.

Leave the next three fields blank (Transaction Date, Transaction Amount, and Account Number), and state in the Questions or Comments box that your account has a zero balance and you would like the bank to close it. Click the Submit button at the bottom of the form and wait for confirmation from Wells Fargo.

Option #2: The phone. Call the bank at 1-800-869-3557. You will be asked to enter your account number right away, and then you’ll be given the options. Choose to speak to a customer service representative to close your account over the phone.

Option #3: In person. Walk into any Wells Fargo branch and a manager can complete the process for you.

Thankfully, the process for closing a Wells Fargo bank account is easier than it is for other banks. Do you plan to close your Wells Fargo checking or savings account? If so, why? If you’ve already closed your account, were you pleased with the process?

Updated September 23, 2015 and originally published February 28, 2014. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 10 comments… read them below or add one }

avatar Donna Freedman

Since moving back up to Anchorage I’ve been using a credit union and I like it a lot. Hope you find a match for your own money.

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avatar qixx

i closed a wells fargo checking account a few years ago. At the time they would not close it for me online and i was told i had to close it in person at a branch. It was easy to close in the branch. I had very little cash in the account (under $50) and it was given to me in cash. Total time in the branch was about 15 minutes. 10 waiting to speak to the manager, 5 to complete the process.

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avatar Jim

Recently moved to the USA from Canada, I find the banking choices overwhelming. My wife was with USAA and we love it. I especially like the ability to bank by phone including photographing my check for depositing. I haven’t stepped into a bank branch since I moved here.

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avatar Grayson Bell

I closed my Wells Fargo account when they bought out Wachovia. I had a bad experience with them in the past and didn’t want to deal with them again. I walked into the branch and had a cashiers check of all my money in about 20 minutes.

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avatar michael McWilliiams

u r the worst thieves Ivee ever come across I will sure nobody I know ever does bus with u thieves

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avatar K. Hotom

Their customer service is TERRIBLE and only recently have they responded promptly to complaints. But they just respond with lip service, no resolution to my problem was done. I am in the process of closing my account now. They have too many “other” offices and neither knows what the other is doing and even if you give the name of the bank staff and branch who spoke to you, it does not help.

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avatar david maguire

I am british and have been trying to close down my dead sisters account in Utah for two and a half years and it is still not resolved. Now they tell me they have lost some of the paperwork and I have to go through this all again, its a nightmare dealing with them, they take two months to answer your mail and your passed on to different offices who do not know what your talking about. British banks have told me that US banks are a nightmare to deal with.

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avatar Michael Delunay

I recently had a professional hacker gain access to my checking and credit card information with Wells Fargo. They presented as a online support service I had a contract with and gained access to my computer by stating the company was going out of business and was issuing refunds. Once they had remote control of my computer they extorted almost $9,000.00 out of my banking and credit card account. I immediately reported these claims while the account were still in the processing stage. I had this credit card since 2013 and never used it once. The bank states that it will contact you if any suspicious activity shows up on your account Even though it took a day to get back control of my computer I was amazed that Wells Fargo didn’t acknowledge that someone maxing out my credit card which previously had no action on it for 3 years. Now wells Fargo is not only denying my claim of fraud with my checking account by denying the claim that any fraudulent activity is covered by their guarantee. Right now I am seeking legal resources to help resolve the matter, but if anyone has had a similar experience and found a solution I’d appreciate your response. Meanwhile they made out with $2,900.00 dollars from my checking account and wells Fargo refuses to back up my claim and so far have added $70.00 to my credit card charges for what they termed cash advances

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avatar Matthew fanning

TERRIBLE SERVICE ! Absolute worst experience with a bank . Anyone have an alternate bank they trust and have had any good experience with ? Looking
To cancel my account asap !

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avatar Maria

I have been banking with Wells Fargo for quite sometime now and have experienced a complete lack of customer service and lack customer satisfaction. This has been by far the worst banking experience I ever received in my years of trusting a third party to hold my hard earned cash. The display of unrealistic exceptions they put on their customers are inexcusable to say the least. It saddens me to see, an American bank , using- what I like to call- a display of communism. Locking hard working American in a threshold of imperative methods to ensure their is no growth in their pockets nor accounts. Closing account today :)

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