Wells Fargo Checking Account

Wells Fargo Checking

Wells Fargo Checking Account

For Wells Fargo customers, Wells Fargo provides them several options for business checking online accounts. So far as I know, they are Simple Business Checking, Business Checking, Business Checking with Interest, Expanded Business Checking, and the Business Dividend Checking Account. 

If you want to have free ATM access, free overdraft protection, and free Business Online Services and other banking services from Wells Fargo, all of them can help you.

Simple Business checking
 
If you have small business transactions, or if you are running a restaurant and have your own company, Simple Business checking is good for you to choose. Its monthly fee is just $10, which can be waived, if your average balance surpass $1,000 per month.

Business Checking
 
If you are considering to store $100 going to have $3,000 minimum daily balance, then Business Checking is fit for you. Every month, you’d better have 150 deposits, otherwise, you will be charged.


Business Checking with Interest
If you have moderate business activity, Business Checking with Interest may be suitable for you. With $100, you can open your Business Checking with Interest Accounts, your interest is earned daily and paid on a monthly basis. But the service of the Business Checking with Interest is free with a $3,000 daily balance, a $6,000 average ledger balance, OR a Wells Fargo Business Payroll transaction is paid from Business Checking with Interest account.

Expanded Business Checking

If you have up to 300 transactions per month and deposits of less than $5,000, Expanded Business Checking might be your option. The monthly fee is waived.
 
If you have an $8,000 minimum daily balance, an average ledger balance of at least $16,000, OR a $32,000 combined average ledger balance, the monthly fee of the Expanded Business Checking can be waived.

The Business Dividend Checking Account
 
If you have business deals which surpass to $50,000 every month, you may consider to apply for the Business Dividend Checking Account. With the help of the Business Dividend Checking Account, your funds can automatically transfer from your Business Dividend Checking Account to a Wells Fargo Advantage Money Market Fund. But I should warn you, the monthly fee of the Business Dividend Checking Account is $15. It is cheap, you may consider to apply for it.