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Wells Fargo

  Financial Services in the US

Wells Fargo overall Effort Score: 64 Wells Fargo vs 64 Wells Fargo last quarter
Sector Effort Score benchmark: 60 Wells Fargo vs 61 Wells Fargo last quarter

Three pillar scores of Wells Fargo have remained the same, but one – Style of Communication – has dropped -1 point. Despite this, its Overall Customer Effort Score of 64 and its 3rd position in the US Financial Service rankings are unchanged. 

Under its Style of Communication pillar, there has been some movement in how customers rank the bank's ability to communicate in their chosen language, other than English. Last quarter, 51% rated this strand as ‘good’, but this quarter, it’s dropped to 50%, giving an area to focus on to help increase its Overall Customer Effort Score.

The positive within this pillar, however, and something the company is doing well is the politeness of its customer service agents. More than 50% (53%) rated its politeness as ‘good’.

While no change on the other pillars, looking at Knowledge and Education, Wells Fargo are performing well across all strands that make up the pillar, but more specifically, 51% rated the expertise of the customer service agent as ‘excellent’.

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Customer Effort in detail

Style of Communication 67 vs 68 last quarter

53% say the politeness of their customer service agents is 'excellent'

50% rate the ability to communicate with them in their chosen language (other than English) as 'excellent'

Knowledge and Expertise 65 vs 65 last quarter

51% rate the expertise of the customer service agent as 'excellent'

50% say the way details were clearly explained to them was 'excellent'

51% rate how well the customer service agent understood their particular problem or question as 'excellent'

Understanding & Valuing the Customer 65 vs 65 last quarter

55% rate how they were able to speak to a customer service agent that can help them with their query as 'excellent'

49% rate how they were able to speak to a customer service agent that can help them with their query as 'excellent'

48% rate how they were able to speak to a customer service agent that can help them with their query as 'excellent'

Speed Solving the Problem 62 vs 62 last quarter

47% rate how they were not left on-hold or in a call queuing system for a long time as 'excellent'

54% rate how they were able to speak to a customer service agent that can help them with their query as 'excellent'

49% rate how they were able to speak to a customer service agent that can help them with their query as 'excellent'

ContactEngine sponsors the Customer Effort Index

ContactEngine believes that a great customer experience is an effortless one, where life is made as easy as possible for the customer. ContactEngine commissioned the Customer Effort Index to measure how real people perceive the effort it takes to be a customer of some of the leading brands in the world. By enabling a comparison of effort not only within an industry, but across industries, we can identify and learn from the brands who lead on making it easy for their customers to do business with them.