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How to Cancel Wells Fargo

Wells Fargo is one of the largest US banks, offering checking, savings, credit cards, and mortgage services. Account closure can be done in-branch, by phone, or in writing. Wells Fargo requires all pending transactions to be settled before closing and will issue a final statement.

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Banking

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Quick Facts

Monthly cost
£10.00/mo
£120.00/year
Cancel online?
No — phone/letter required
Pause option?
No
Refund policy
Remaining balance returned via check or transfer. $25 early closure fee within 90 days.
After cancellation
Account records retained for 7 years per federal banking regulations.

Cancellation Steps

Go directly to Wells Fargo cancellation page

  1. Move your money

    Transfer funds to your new bank and redirect direct deposits and autopayments.

  2. Clear all pending transactions

    Wait for outstanding checks and pending charges to clear.

  3. Close the account

    Visit a branch with photo ID, or call 1-800-869-3557.

  4. Settle the balance

    The remaining balance is issued as a cashier check in-branch or mailed to you.

  5. Request confirmation

    Get a written confirmation of account closure.

Tips & Things to Know

  • Wells Fargo charges a $25 early closure fee for accounts less than 90 days old.
  • In-branch closure is fastest and you receive your balance as a cashier check immediately.
  • If you have a Wells Fargo mortgage, closing your bank account does not affect it.

Your Consumer Rights

  • The CFPB oversees Wells Fargo account closure practices.
  • Federal banking laws require timely account closure upon customer request.
  • You are entitled to a final statement showing all transactions and the zero balance.

Frequently Asked Questions

Can I close my Wells Fargo account online?
No. You must visit a branch or call to close.
Is there an early closure fee?
Yes. $25 if the account is less than 90 days old.
What about my Wells Fargo credit card?
Credit cards must be closed separately by calling the number on the back of the card.
How long to get my remaining balance?
In-branch, immediately as a cashier check. By phone, 7-10 business days by mail.
Does closing affect my credit score?
Closing a bank account does not affect your credit score. Closing a credit card may.

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