The Wells Fargo Business Choice Checking account is no longer available. Currently, the best starting choice for a small business checking account from Wells Fargo is their Initiate Business Checking Account.
Wells Fargo is one of the largest banks in the United States. This account is one of the best free Business Checking accounts.
Initiate Business Checking Account Overview
- Monthly Fee: $10 can waive
- Minimum Opening Deposit: $25
- Transactions Limit:
- 100 monthly
- No fee for the first 100 total transactions each fee period
- After 100, it’s $0.50 per transaction
- Cash Deposit Limit:
- $5,000 monthly
- No fee for the first $5,000 cash deposits processed each fee period
- After $5,000, it’s $.30 per $100 deposited
- Availability: AK, AL, AK, AR, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, NY, OH, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WY
(Does Not Expire)
Waive the $10 monthly fee by doing one of the following:
- Maintain a $500 minimum daily balance
- Maintain a $1,000 average ledger balance during the fee period
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Author’s Verdict
This account is not the best due to having a variety of limitations and monthly fees you need to actively waive. However, if you need in-branch service and want several convenient locations close near your home, this may be the bank for you. Be sure to also check out our list of business bank promotions and find a bank that fits your needs!
Hopefully the above information helps you better determine if this account is right for you.
Also be sure to check out our own lists of bank promotions and CD tables!
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Huntington Bank Business Checking 100 | $100 Cash | Review |
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Axos Basic Business Checking | $400 Cash | Review |
Axos Business Interest Checking | $400 Cash | Review |
Axos Bank Business Premium Savings | $375 Cash | Review |
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