Does Wells Fargo Pay Weekly or Biweekly?
You are paid biweekly on Fridays, except if a holiday falls on payday. You would be paid soon before the holiday in this situation.
Employees paid on an hourly basis and classified as non-exempt must complete timesheets accurately to get the correct salary.
You will get paid via direct deposit or check. It is recommended that you use a free Wells Fargo checking account if you prefer to receive your salary via direct deposit.
How Much Does Wells Fargo Pay?
Wells Fargo & Co. is a diversified financial services corporation with a strong community focus. Its services include banking, insurance, investments, mortgages, and consumer and commercial finance. Henry Wells and William G. Fargo founded the corporation on March 18, 1852, based in San Francisco, California.
Wells Fargo Bank pays an average annual salary of $77,214 to its workers. Salary ranges from $45,770 to $133,147 a year at Wells Fargo Bank. Senior Software Engineers at Wells Fargo Bank make the most, with an average yearly income of $124,363. Employees with the title of personal banker earn the least, earning an annual average wage of $43,654.
Every year in March, Wells Fargo employees report receiving a 1% to 3% rise. Some of these increases are automatic, based on available funds provided by each department and management approval. Other promotions are merit-based.
The company also gives bonuses. Salaried employees earning less than $100,000 per year, for example, should expect to earn between 6% and 10% more. Rewards range from 25% to 35 percent for people earning more than $150,000 per year.
Depending on the area, Wells Fargo’s current minimum pay ranges from $15 to $20 per hour. Starting salary is $20 per hour in locations where the cost of living is higher than average, like San Francisco, CA, and New York, NY.
Highest Paying Jobs at Wells Fargo
To apply for a job with Wells Fargo, you must be 18 years old, like with almost every other banking employment in the country. This company would prefer someone with a high school diploma and is currently pursuing further education.
For a college student, this is an excellent part-time entry-level employment. Many high school grads work part-time for Wells Fargo while continuing their education.
Wells Fargo Bank’s Popular Locations
- Charlotte, North Carolina
- San Francisco, California
- Minneapolis, Minnesota
- Phoenix, Arizona
- Denver, Colorado
- Chandler, Arizona
- Atlanta, Georgia
- Houston, Texas
- Philadelphia, Pennsylvania
- Salt Lake City, Utah