Wells Fargo has 8,300 retail financial centers and 15,900 automated teller machines nationwide. Their business offerings include business savings and checking, loans and credits, merchant and payroll services, and more. They have a mix of positive and negative reviews online.
Wells Fargo Business Checking Rates & Fees
| Monthly Fee | $14 per month, to avoid fee: Maintain $7,500 average balance OR $10,000 in combined balances OR 10 or more posted business debit card purchases/payments OR A linked Direct Pay service OR Qualifying transactions from a linked Wells Fargo Merchant Services account OR Qualifying transactions from a linked Wells Fargo Business Payroll Services account |
| Minimum Balance Requirement | $7,500 average balance OR $10,000 in combined balances |
| Transaction Fee | Free for first 200, $0 .50 each thereafter |
| Wire Transfer Fee | Incoming (domestic): $15 Incoming (international): $16 Outgoing (domestic): $30 Outgoing - Repetitive (domestic): $25 Outgoing (international): $45 Outgoing - Repetitive (international): $40 |
| Cash Deposit Fee | Free for first $7,500 per month, $0.30 per $100 deposited thereafter |
| Overdraft Fee | $35 per item, maximum of 8 items per day |
| ATM Fee | Non-Wells Fargo ATM balance inquiry: $2 per inquiry Non-Wells Fargo ATM transaction (U.S): $2.50 each Non-Wells Fargo ATM transaction (International): $5 each |
Wells Fargo Network
Wells Fargo offers over 15,000 ATMs and more than 8,000 retail banking branches coast to coast. You can use their branch locator to see what locations are closest to you.
Wells Fargo Additional Business Banking Services
Wells Fargo also offers the following business services: online & mobile banking, different types of loans, business line of credit, and wealth management services. They currently do not offer business money market accounts. Find out more about their small business offerings on their website.
| Online & Mobile Banking | ✓ |
| Business Savings | ✓ |
| Money Market Accounts | x |
| Business Line of Credit | ✓ |
| Business Loans | ✓ |
| Business Credit Cards | ✓ |
| SBA Loans | ✓ |
| Commercial Real Estate Loans | ✓ |
| Wealth Management | ✓ |
Best Small Business Business Checking Account
Want to know which bank we name the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top 6 options.
