Wells Fargo eChecks: Deposit, Fee & Routing Number

A while ago, Wells Fargo announced an update to their mobile app which includes a beta version of eChecks. This made it be among the first banks in the United States to offer this service and allows customers to withdraw money from checking accounts with just a scan of their check.

In this post, we will discuss Wells Fargo’s electronic check processing service and how it can benefit you. This means we will handle deposits, fees charged, and the eCheck routing number.

Wells Fargo Electronic Checks

Does Wells Fargo do eChecks? Yes, Wells Fargo provides eCheck services to enable customers to pay merchants electronically by withdrawing money from their bank accounts.

Wells Fargo eChecks
Wells Fargo eChecks

The Wells Fargo eCheck service also enables customers to set up recurring payments in addition to scheduling future payments.

How to send an eCheck at Wells Fargo

To send an eCheck to a merchant using Wells Fargo, all you need to do is provide a bank account and the specific eCheck routing number to the merchant.

The merchant will then make a request to the bank to have the money sent into their accounts. Read more about this in our other article on how to pay with an echeck.

Wells Fargo eCheck processing time

At Wells Fargo, the eCheck is processed immediately after the merchant’s request has been received, which may be anywhere between 2 to 48 hrs.

However, it should be noted that the processing time may increase in cases where the customer’s account does not have sufficient balance to cover the transaction.

Wells Fargo eCheck Fee & Limit

Wells Fargo charges normal transaction fees for eCheck transactions. However, for cases where there is an overdraft withdrawal or late payments to the merchants, the bank may charge between $15 and $30 per item depending on the type of account held by the customer.

Wells Fargo does not have a limit on the amount of money you can pay to a merchant using the eCheck service.

Wells Fargo eCheck Routing Number

eCheck transactiosn just like traditional check transactions need a routing number. However one thing you need to know is that Wells Fargo provides different routing numbers for trasanctions according to where they were opened, type of account, and the type of transaction.

Which routing number do I use for eCheck at Wells Fargo? Well, the Wells Fargo electronic check (eCheck) routing number is 121042882.

Can you check the routing number online at wells fargo? Yes, Wells Fargo customers can always look up the routing numbers online by logging onto their online banking portal.

More on Wells Fargo eChecks

Before you settle on the Wells Fargo eCheck service, you will need to know and understand the following:

If you need to make regular payments, some businesses enable you to submit your account number and bank routing information for the transaction known as an electronic check (eChecks).

eChecks are also known as automated ACH payments. An eCheck is a type of payment that is paid before the transaction is approved by the bank.

Rather than putting it through immediately, merchants hold onto transactions for one or two days, until they’re ready to forward it to their banks.

Until the bank gets a notification from the merchant about the transaction, it won’t display as a pending withdrawal, and your balance won’t drop.

If the bank does not have enough money in the account to cover the transaction when it arrives for payment, the bank will either refund the payment or go into overdraft.

The bank may charge a fee if the transaction is paid into overdraft or isn’t paid back. In addition, merchants may charge you if the money is returned and/or for being late.

READ MORE: How to use Bank of America eChecks to pay merchants.

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