Wells Fargo Salaries, Bonuses and Benefits.

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What are the average starting salaries, bonuses, benefits and travel requirements like at Wells Fargo?

What do you like best about working at Wells Fargo? Are there any great perks or special treats for employees?

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BW in Burlington, New Jersey

90 months ago

I have several friends out of college who went to work for Wells Fargo in Phoenix. Starting pay was around 35k for business grads.

Not that impressive.

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danne in Dallas, Texas

89 months ago

I worked for wellsfargo and left. I made over 65k before going to wells and only 28k the first year at wells the training is terrible and they are going through alot of changes right now. they do not value you especially if you are a person of color. do your research ask people who work for the company. give me your email address and I will put you in contact with people who still work there so you can get their opinion.

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Robert in Minneapolis, Minnesota

89 months ago

Bob, I used to work for wells and am interested to see what type of employment you can offer/typically fill. You can reach me at robert_wiper@yahoo.com

Bob F - recruiter said: Danne,
Actually, I'm not interested in working for Wells Fargo. I'm very happy as a recruiter and trainer at World Financial Group. If you kow someone who still works at Wells Fargo, but is unhappy, I'd be happy to talk to them about my firm.

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Diane in Medina, Ohio

89 months ago

I currently work for a national lender and have been a mortgage loan processor for 17 years. I am looking to for a job as a loan processor in the west/south suburbs of Cleveland, Ohio. Any leads will be very appreciated. Thank you.

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Bob F - recruiter in Oak Creek, Wisconsin

89 months ago

Are you open to expanding your horizons in financial services, like working directly with clients? I'm looking for people to help market a broad range of financial products and services to middle-America, and others. We do have an affiliated mortgage opperation, but it's a relatively small part of the broad range of products and services we provide.

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Steve Blanchard in Eau Claire, Wisconsin

89 months ago

Bob F - recruiter in Oak Creek, Wisconsin said: Are you open to expanding your horizons in financial services, like working directly with clients? I'm looking for people to help market a broad range of financial products and services to middle-America, and others. We do have an affiliated mortgage opperation, but it's a relatively small part of the broad range of products and services we provide.

Bob, you could send me some information. I'm going through an interview process with Wells Fargo this week as a personal banker.

If there is something that pays better, I'm interested. email me: blanchard007@gmail.com I live in Chippewa falls, WI.

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Diane in Medina, Ohio

89 months ago

Thank you for responding. I am looking to stay in my area both geographically & in what I am doing. It would depend on what the opportunity was for me to decide on venturing into another position of working in the lending field.

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Bob F - recruiter in Oak Creek, Wisconsin

89 months ago

Moneybags in Crosslake, Minnesota said: Bob, I am in Minnesota. I used to work for Merrill Lynch in the poa program I failed my 7 by 4 questions and got the boot what would you have to offer?

Email me at rford00ssn@hotmail.com with your phone number so we can talk. I think you'll like what we have to offer.

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Vickie M in Preston, Idaho

89 months ago

Bob F - recruiter in Milwaukee in Oak Creek, Wisconsin said: There are much better financial services opportunities out there, especially if you're up for the challenge of being paid exactly what you're worth. I'm a recruiter for such a company.

I am interested in what you are recruiting for. vickiemunson1@hotmail.com I have been involved for 20 years in real estate (real estate broker) and 12 years in the mortgage lending industry (principal lending manager in Utah) simultaneously. I have been working for a very small mortgage company and am thinking about joining a larger firm for the health insurance benefits. If you have any opportunities in the Utah area let me know.

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Experienced

87 months ago

Bob,

Are you still looking for qualified candidates from the financial industry? I am also interested in opportunities. I have been with Wells (Indiana) for 19 years and it looks like I will be unemployed by the end of the week. Is it okay for me to email you?

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Ken in Scottsdale, Arizona

85 months ago

Going back on topic a bit, Wells Fargo is not a bad company to work for. I am a former employee and enjoyed working there for the most part. I am starting at Chase here soon after being out of banking for a bit. Everyone complains about "sales," but I don't care who you are or where you work, unless it is your OWN company, or you are working for a non-profit organization, EVERY COMPANY is in it for the money. They treat you pretty fairly, but want lots of revenue in return. In my opinion, most banks are pretty much the same. There could be a dollar an hour or less difference between companies, but in the long run, that's really not a huge difference, and they all (at least the big guys) offer decent benefits for you to take advantage of.

Anyway, if you go into it with a positive attitude, and try not to let the bitter employees corrupt you, you will do fine! It IS a sales position, and they tell you that when you take the job, but you're not supposed to "sell" products to customers that they don't need, that is called "gaming" and you WILL be fired for it. They want you to produce, but not to be immoral. It can get difficult and competitive, but if you are competitive, it can actually be fun. There are people who go in as a Personal banker and stay that way for years because they love it and make great money and they are good at it. Other people use it as a foot in the door and then venture into other parts of the company that is not so cutthroat. So if you want to move up in the company, get in there with a positive attitude and kick some ass. It is a big company and you are just a number to the CEO and regional managers, so make your number a good one, because Wells Fargo will recognize you and let you shine as a manager, or Business Banker, or Private Banker, or Investment Banker, or whatever you wanna do!

THINK POSITIVE! Don't listen to all the bitter ex-employees on here you talk bad about the company. It really isn't bad.

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Jeff in Oak Lawn, Illinois

84 months ago

I think Bob's Deal is you become a Mortgage Rep.Then get a life insurance license, then get your 6-63 security license to do 401k's and savings stuff IRA etc.
Everything you do , Bob gets a cut . Everyone you bring in ,you get a cut. Then Bob too. So if you have 10 people writing loans , You get 10 cuts. Some people call it a pyramid. others say that's life. Basically you tell people like you all have been told already that you're hiring.
And then get them to join. It can be very successful, it takes alot of recruiting and baby sitting newbies.
CitiBank has it too. It's called "Primerica"

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outsidergirl in Albia, Iowa

84 months ago

Bob F - recruiter in Oak Creek, Wisconsin said: Danne,

Actually, I'm not interested in working for Wells Fargo. I'm very happy as a recruiter and trainer at World Financial Group. If you kow someone who still works at Wells Fargo, but is unhappy, I'd be happy to talk to them about my firm.

Hi Bob, I too am interested in what kind of work you can supply. Do you have any positions in the central IA area?
kcynthia6@gmail.com is my email address.

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steve

83 months ago

I worked at Wells Fargo for over 10 years
the pay was not good
but the retirement was pretty good. they are get everything out of you
business and of course pay u the lowest
in the business.

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Sarahsmile in Santa Barbara, California

78 months ago

Hi Ken,
I agree with your comment about sales. All sales positions are challenging and cutthroat. That is the nature of sales and it is not meant for every personality. I have a question for you. I have to give a presentation on Saturday to Wells Fargo managers comparing Wells Fargo and Bank of America. Do you have any ideas on what to focus on in the presentation and any other pointers?

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mccormicad26 in Milwaukee, Wisconsin

78 months ago

Hey Bob, I saw your response. I am currently looking at a going in for an interview next week at Wells Fargo for a Credit Manager Position. I am interested in what sets your company apart from others in the Industry?

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rita 4 in Redondo Beach, California

78 months ago

Hi
How was your presentation. I have mine on friday. Can you please help me out?

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LanderX in Seattle, Washington

78 months ago

The question was: What are the average starting salaries, bonuses, benefits and travel requirements like at Wells Fargo? Well I worked at Wells Fargo for over 4 years as a Service Manager. Compared to other companies the benefits are excellent, with plenty of PTO time and generous 401K matching. You usually don't travel very much at all and the bonuses are good.

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Sarahsmile in Santa Barbara, California

78 months ago

rita 4 in Redondo Beach, California said: Hi
How was your presentation. I have mine on friday. Can you please help me out?

Hi! I got the position and the presentation went well. I took a different approach than every other person at the interview. I really focused on the importance of personal attention and customer service as opposed to the difference in checking and savings accounts. That's what really sets Wells apart from any other banking institution.

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rita 4 in Redondo Beach, California

78 months ago

Sarahsmile in Santa Barbara, California said: Hi! I got the position and the presentation went well. I took a different approach than every other person at the interview. I really focused on the importance of personal attention and customer service as opposed to the difference in checking and savings accounts. That's what really sets Wells apart from any other banking institution.

congratulation!! :)
thanks a lot.

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Road Kill in North Hollywood, California

78 months ago

This is the WORST company to work for!!! They are truly the Anti-Christ. I worked there for a short time before I was plotted against and up-rooted by my former manager aka Satan!! She used my work to benefit herself and her little kiss-a$$ slave so they could get all the glory and praise from my hard work. She tried to get me to quite by writing me up on bogus charges and then when that failed she trumped up fake sexual harassment charges and get this FROM A NON-WELLS FARGO EMPLOYEE>> The car-wash guy in the building...HOW LOW!!! She conducted her Salem Witch Hunt on me without any proof of her alleged allegations and then fired me without just cause. She is a HORRIBLE person and she has left a very very bad taste in my mouth about Wells Fargo. They talk diversity but fail to back it up!! She made several racist comments about other races joining the company. She is NOT to be trusted and is a wicked person!! She convinced the weak-minded managers to follow suit with her and they soon joined in on the Town Square lynching!!!!

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gabriellec in San Diego, California

77 months ago

Hi,
I just got called back for a personal banker position. I am one of those employees that management loves to have because no one needs to hover over me to do my work. Knowing from what you've said, I probably will not be recognized or compensated for my extra efforts. Maybe you could inform me about positions at your firm?

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Presley Elvis in New Hill, North Carolina

76 months ago

I love reading these blogs. Most "sales" jobs i.e..FS reps or Mortgage Originators or Bankers that deal with the major Banking Institutions are filled with these types of whining bloggers. For the most part, I bet most of you are under 35 years old. You have very little life experience and have been handed an entitlement mentality since your days in college. No one forced you to work for Wells Fargo. Your inexperience and immaturity are large factors in explaining why you get paid very little and always end on a sour note. The larger Banks have had a higher young and train them mentality for the past 20 years. This has only watered down the market with inexperienced cry babies. Most of you are a victim of your own egos. Pay your dues, learn the business, conduct yourself in a professional manner, and maybe after 10-20 years of actually "working", you may build a good database and make a decent living. My advice is for most of you to get out of the business, find a job that you enjoy (no one said you have to have "fun" at your job...after all its called WORK) Watch MTV, smoke weed, and complain about how you are the smartest and funniest person on your job and life is not fair. You whiners are the main reason loan officers, financial advisors, and bankers have lost their reputations as professionals. Anyone can become a banker these days. Sorry that your "bosses" don't get you. Lazy whiners stay home and leave the business to the adults. :)

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Pete in Indianapolis, Indiana

76 months ago

EXCUSE ME! I started out young and they trained me... for 19 years!!!!! Only to be terminated at the drop of a hat. I worked hard, got great reviews (level 4 and higher) worked my way up the corporate ladder...only to find myself unemployed at age 51! Wells Fargo DOES NOT care about the employee. They want the young and dumb... because they certainly do not want the experienced who can contribute and actually know what to do and who is good at their job. They want people that will be a robot for 2-3 years and then move on. I had some great bosses that also lost their jobs...and guess what....they had as much time, if not more time than me. They want the old out and the new in.WAKE UP!

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dwan_09@yahoo.com in Rocklin, California

76 months ago

danne in Dallas, Texas said: I worked for wellsfargo and left. I made over 65k before going to wells and only 28k the first year at wells the training is terrible and they are going through alot of changes right now. they do not value you especially if you are a person of color. do your research ask people who work for the company. give me your email address and I will put you in contact with people who still work there so you can get their opinion.

I have been offered a job as a phone banker in Sacramento Ca - do you know anyone who has this job that I can contact. I'd like to know a little bit more about it

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dwan_09@yahoo.com in Rocklin, California

76 months ago

JR in San Jose, California said: I have worked at Wells Fargo for over two years now. This is a horrible job. They ride us every day for more and more sales no matter how many you get they want more. 80% of the people there go to JR. College and don't care about their jobs even though they're Psychology majors and won't be able to find another job any way. The pay is horrible and they pay really low commission, on a million dollar loan you'll only get $100 if you're lucky.

Stay far far away

What did you do there? I just got a job as a phone banker - do you know anything about that job?

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peterson in Beaverton, Oregon

75 months ago

I worked for Wells for 2 1/2 years, always did well with the sales and made between $900 - $1100 in bonus' monthly. Others didn't do so well, most between $200 - $500 .... a mentor for sales and customer service and with only missing 1 1/4 days of work in that time, no disciple issues at all in that time period, I was fired for something that was not written in the policy handbook, covered in a team meeting, no warning verbal or written, and I was escorted out the door. They even challenged my unemployment ... I WON!!!! The manager that was on the phone with the Judge and me agreed with all I said . Needless to say he was baffled as to why I was terminated and called it a 'good faith error' This of course didn't get me my job back and as a matter of fact, I had several jobs offered to me and when they contacted Wells to verify employment, the offer was taken back. I even found out there was a couple of the supervisors telling employees that I was a 'bad girl'
BE CAREFUL, EVEN THOUGH THEY TREAT EMPLOYEES WELL WHILE WORKING THERE, BE CAREFUL AND PROTECT YOUR BACK, YOU WON'T SEE IT COMING!!!!

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deadpresidents in Berwyn, Pennsylvania

74 months ago

What kind of medical benefits do they offer? what is average cost for med benefits for a family of three? thanx for any assistance that's offered.

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DeedyByrd in Baton Rouge, Louisiana

73 months ago

well i just had an phone interview for Financial CSR.. can anyone tell me what is the main criteria for the job??

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crystalface in San Francisco, California

73 months ago

Has anyone even offered answer to the original question??
I got lost amongst all the stuff above.

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mar bel in phoenix, Arizona

72 months ago

what is start pay for a full time teller at wells fargo?

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BeckyF in Houston, Texas

72 months ago

MH in Saint Cloud, Minnesota said: Yes, I persued this company, pay is low. $30,000 for a Personal Banker, once you've made it throught their Personal Banker Trainee position. Many jobs sales and customer service related pay alot better!

$30,000 is low...I started at 36,000 and I'm in area with a low cost of living. I did okay with quarterly bonuses too.

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BeckyF in Houston, Texas

72 months ago

mar bel in phoenix, Arizona said: what is start pay for a full time teller at wells fargo?

The WF tellers I've known start around $11 an hour.

(I think they are highly underpaid!)

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Alton YUan in Toronto

72 months ago

danne in Dallas, Texas said: I worked for wellsfargo and left. I made over 65k before going to wells and only 28k the first year at wells the training is terrible and they are going through alot of changes right now. they do not value you especially if you are a person of color. do your research ask people who work for the company. give me your email address and I will put you in contact with people who still work there so you can get their opinion.

Hey there, my email address is fenderhss@hotmail.com I am a Canadian who really wants to work in Las Vegas since my girl friend is there. Wells Fargo is offering me a tellers position. Just want to know if you can tell me if the work environment and pay is good there. Since I need to know if it is worth moving to Vegas for that job Thanks.

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SQUARE Lady in Aurora, Colorado

71 months ago

I worked for Wells about a year, and like any other Bank it is filled with politics - i.e. everyone has an opinion, everyone is sleeping with everyone, good people get passed up for promotions and losers who are the managers pet or friends get higher and higher paid positions. You have to take it with a grain of salt and let it go. I also found out that each district had it's own rules, like dress code, sales expectations ( even though they do harp on you no matter what). Pay is often terrible for what is expected of you, especially for tellers. often $10 starting or $11 if you are bi-lingual or financially experianced. However as long as you meet sales expectations and don't complain or cross the wrong people, it's pretty good to work for, often times you will do nothing for hours but sit in your office on the internet. If you'rea real rile book person though when it comes to treating people fair ( like with fraternizations, dress code, attendance) this IS NOT the place for you, because unless you are on the bosses good side chances are you will be treated unfairly while another person get away with murder.

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SQUARE Lady in Aurora/Boulder, Colorado

71 months ago

I forgot to say that I left on my own terms and am now HAPPILY working for an Insurance firm, where I also get more time with my children.

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nwad in Rocklin, California

71 months ago

SQUARE Lady in Aurora, Colorado said: I worked for Wells about a year, and like any other Bank it is filled with politics - i.e. everyone has an opinion, everyone is sleeping with everyone, good people get passed up for promotions and losers who are the managers pet or friends get higher and higher paid positions. You have to take it with a grain of salt and let it go. I also found out that each district had it's own rules, like dress code, sales expectations ( even though they do harp on you no matter what). Pay is often terrible for what is expected of you, especially for tellers. often $10 starting or $11 if you are bi-lingual or financially experianced. However as long as you meet sales expectations and don't complain or cross the wrong people, it's pretty good to work for, often times you will do nothing for hours but sit in your office on the internet. If you'rea real rile book person though when it comes to treating people fair ( like with fraternizations, dress code, attendance) this IS NOT the place for you, because unless you are on the bosses good side chances are you will be treated unfairly while another person get away with murder.

I quit WF working as a Phone Banker. The absolutely WORST EXPERIENCE I ever had. Sales are everything - you bring big numbers, they absolutely love you. I've never come in contact with a group of people that seemed so miserable.

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jendel in Lynnwood, Washington

67 months ago

LanderX in Seattle, Washington said: The question was: What are the average starting salaries, bonuses, benefits and travel requirements like at Wells Fargo? Well I worked at Wells Fargo for over 4 years as a Service Manager. Compared to other companies the benefits are excellent, with plenty of PTO time and generous 401K matching. You usually don't travel very much at all and the bonuses are good.

I am in your area and I would like to know what pay I should accept for a teller position. Washington is now the highest paid minimum wage state so I am assuming we should also get paid higher than some states even for $$ above min wage. So as a teller should I accept anything under $10 an hour?

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nancy in Plano, Texas

61 months ago

danne in Dallas, Texas said: I worked for wellsfargo and left. I made over 65k before going to wells and only 28k the first year at wells the training is terrible and they are going through alot of changes right now. they do not value you especially if you are a person of color. do your research ask people who work for the company. give me your email address and I will put you in contact with people who still work there so you can get their opinion.

Hello, Danne, I am in Dallas, TX. I will have a group interview in Preston and Park, Plano, TX next week. Do you know someone who is working there? Please give me a reply via yaozheng.zhang@gmail.com. Thank You.

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nancy in Plano, Texas

61 months ago

danne in Dallas, Texas said: I worked for wellsfargo and left. I made over 65k before going to wells and only 28k the first year at wells the training is terrible and they are going through alot of changes right now. they do not value you especially if you are a person of color. do your research ask people who work for the company. give me your email address and I will put you in contact with people who still work there so you can get their opinion.

Hello, Danne, I am in Dallas, TX. I will have a group interview in Preston and Park, Plano, TX next week. Do you know someone who is working there? Please give me a reply via nancyzhang79@yahoo.com. Thank You.

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Robert Boselli in Long Beach, California

59 months ago

Sarahsmile in Santa Barbara, California said: Hi Ken,
I agree with your comment about sales. All sales positions are challenging and cutthroat. That is the nature of sales and it is not meant for every personality. I have a question for you. I have to give a presentation on Saturday to Wells Fargo managers comparing Wells Fargo and Bank of America. Do you have any ideas on what to focus on in the presentation and any other pointers?

Hello Sarah, I was wondering if you can give me more info on the presentation.Mine is for personal Banker. If yours was the same can you please tell me what are the do's and dont's. And what was it that you did that made you stand out from the other candidates?

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mandyy in San Francisco, California

54 months ago

dwan_09@yahoo.com in Rocklin, California said: I have been offered a job as a phone banker in Sacramento Ca - do you know anyone who has this job that I can contact. I'd like to know a little bit more about it

do you still work there? I am almost done interviewing and would like feedback on the position?

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ppmd in Antelope, California

54 months ago

No I don't work there anymore. I absolutely hated it!

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mandyy in San Francisco, California

54 months ago

ppmd in Antelope, California said: No I don't work there anymore. I absolutely hated it!

so the decent hourly wage is not worth it at all? lol how long did u last? Are u paid the high hourly wage during training as well? Or is it a lower training wage?

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Ozgur Ozanguc in Weatherford, Texas

54 months ago

Hello,
I worked as a PB for WF and hated it for the most part. In training they told us to report any gaming and when you do, you ARE in trouble. I've been slowly shoved out of the door, just because i reported and incident. Even the DM was involved in the case. And yes, WF likes to nickel and dime their own employees. Stay away at all costs. Go work as a cashier at wall mart.

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B_M_W in High Point, North Carolina

53 months ago

Is the salary for a teller negotiable? I have almost 3 years of customer service and cash handling experience. When I did the phone interview she said it was $11.54/hr. I'm trying to go for 12 or 12.50/hr. Any suggestions or success with getting a higher starting salary.

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Kristi84 in Los Angeles, California

49 months ago

Jeez! the topic was "what do youl like BEST at Wells fargo" not why u don't like it. I guess, only complaining ppl come here :((( too sad.

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mojica in Springfield, Massachusetts

45 months ago

I would like to know how much is the salary as a mortgage collector. at well fargo in San Antonio,TX a recluter told they can get up to $5000 or more in bounuses in one month. Is this true? I nee your words I live far away and I would like to make sure I'm taking the correct desicion.

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mojica in Springfield, Massachusetts

45 months ago

Kristi84 in Los Angeles, California said: Jeez! the topic was "what do youl like BEST at Wells fargo" not why u don't like it. I guess, only complaining ppl come here :((( too sad.

This really confusing I had read everything and nothing good yet.

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