Wells Fargo offers business checking accounts for United States businesses. The entry level Initiate Business Checking account has a monthly service fee that you can avoid by keeping a qualifying balance. Wells Fargo is one of the largest United States banks with a wide branch network.
- Who it suits
- United States businesses that want a major bank with branches and a checking account whose monthly fee can be waived by keeping a qualifying balance
- Broadly available in
- United States
- Headline monthly fee
- Initiate Business Checking has a 15 United States dollar monthly service fee that can be waived. As of 11 October 2026
- Account type
- Business checking account
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Overview
Wells Fargo is one of the largest banks in the United States and offers a range of business checking accounts. The entry level Initiate Business Checking account suits smaller businesses, with online and mobile banking and access to a large branch network. Higher tier accounts offer more included transactions and cash handling. The current Initiate fee sheet sets out the monthly fee and the ways to avoid it.
Strengths
A very large United States branch and ATM network. Several account tiers as a business grows. The monthly fee on Initiate Business Checking can be waived by keeping a qualifying balance, and the minimum opening deposit is low at 25 United States dollars.
Limitations
The monthly service fee is 15 United States dollars unless a waiver is met, such as a 2,000 United States dollar minimum daily balance. Included transactions and cash handling are capped, with charges beyond the limits. This banking is for United States businesses. Verify current terms with Wells Fargo before applying.
Fees and features
| Monthly fee | Initiate Business Checking has a 15 United States dollar monthly service fee, which can be waived with a qualifying balance. As of 11 October 2026. |
|---|---|
| Transaction fees | The account includes a set number of transactions per fee period, with charges for activity above the limit. See the Wells Fargo Initiate fee sheet. As of 11 October 2026. |
| FX fees | Foreign exchange and international wire charges apply per the Wells Fargo schedule. As of 11 October 2026. Verify with Wells Fargo. |
| Minimum deposit | 25 United States dollars minimum opening deposit. As of 11 October 2026. |
| Multi currency | The core account is a United States dollar business checking account. International services are available separately. As of 11 October 2026 |
| Integrations | Online and mobile banking, payments and links to accounting tools. As of 11 October 2026 |
| Eligibility | United States businesses. The monthly fee can be waived with a 2,000 United States dollar minimum daily balance or a 5,000 United States dollar average combined business deposit balance, among other options. As of 11 October 2026. Verify with Wells Fargo. |
Open a Wells Fargo Business account
Availability and fees vary by country. Check the Wells Fargo Business by country pages below for your market, then confirm current terms with the provider. Shown as of 11 October 2026.
Visit Wells Fargo Business →Wells Fargo Business by country
Questions about Wells Fargo Business
How much is Wells Fargo Initiate Business Checking?
What is the minimum to open a Wells Fargo business account?
How do I avoid the Wells Fargo business checking fee?
Did Wells Fargo business checking fees change in 2026?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with Wells Fargo Business before applying.