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Initiate Business Checking® Account

CA, 94105 Change Location

Anytime access

Online and mobile banking

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Text and email alerts to help you keep an eye on account activity

24/7 fraud monitoring and Zero Liability debit card protection

Initiate Business Checking®

Best For
  • Ambitious business owners building a foundation
  • Most common business banking needs
  • Reliable financial support
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Monthly service fee


You can avoid the $15 monthly service fee with one of the following each  fee period :

  • $2,000 minimum daily balance
  • $5,000 average combined business deposit balance
  • Own a Premier® Checking, Private Bank Checking, or Private Bank Interest Checking account

Minimum opening deposit is $25. Provide later with required business documents when you apply online.

Apply online below or make an appointment to apply in person.

Quick view of account fees (PDF)

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Support you can count on for a growing business with simple payment needs.

  • Online and mobile banking, including Business Bill Pay and mobile deposit
  • More than 11,000 ATMs across the country
  • Ability to easily transfer money, send Digital Wires, and pay business expenses
  • Support at our small business customer service phone center

We want to help make it easy for you to avoid service fees.

Monthly service

During each fee period, avoid the monthly service fee with a $2,000 minimum daily balance, $5,000 average combined business deposit balance, OR own a Premier Checking®, Private Bank Checking, or Private Bank Interest Checking account.

Cash deposit processing

No cash deposit processing fee for the first $5,000 deposited per fee period. After $5,000, it's $0.30 per $100 deposited.

Transactions

No transactions fee for the first 100 transactions  per fee period. After 100, it's $0.50 for each transaction.

Are your cash deposits or transactions higher than these monthly limits? Consider  Navigate Business Checking®.

All business checking accounts include these benefits

24/7 fraud monitoring

Keep your contact information up-to-date so we can alert you if we notice certain unusual activity on your account.
Customized cards and checks
Reinforce your brand by adding your logo to checks and your business debit card.
Tap to pay
Use your contactless debit card or add to your digital wallet for fast, secure payments and Wells Fargo ATM access.
Manage account access
Enroll in online banking to review who has access to your business accounts, update authorizations, and manage users.
Account alerts
Enroll in Online Banking and set up alerts to help monitor your account balances and track recent purchases, cash withdrawals, and more.
Zero Liability protection
Report unauthorized debit card transactions promptly and your business won't be held responsible. No extra cost.
Mobile deposits
Deposit checks directly into your account  using the Wells Fargo Mobile® app.
Convenient payment options
Pay vendors, employees, and bills using our full range of payment services.

How can we help?

The combined balance is determined on the last business day of your fee period. Combined business deposit balances include the average ledger balance in your Initiate Business Checking account plus other qualified accounts, including:

  • Business checking accounts: Initiate Business Checking, Navigate Business Checking, Optimize Business Checking, and Analyzed Business Checking
  • Business savings accounts: Business Market Rate Savings and Business Platinum Savings
  • Business time accounts (CDs): Business Time Accounts

The combined business deposit balance wavier will be applied as a refund after the statement cycle ends.

Customers who own a Premier Checking, Private Bank Checking, or Private Bank Interest Checking account and own a business with an Initiate Business Checking, Navigate Business Checking, Business Market Rate Savings, or Business Platinum Savings will have their monthly service fee waived on the business account(s). Customer must be an individual owner, joint owner, or trustee of the Premier Checking, Private Bank Checking, or Private Bank Interest Checking account and be a business owner with transaction authority on the business account. If a business has multiple owners, the benefit will apply as long as one of the owners has a Premier Checking, Private Bank Checking, or Private Bank Interest Checking account. In the event a customer no longer has a Premier Checking, Private Bank Checking, or Private Bank Interest Checking account, that customer is no longer eligible for the monthly service fee waiver benefit.

Mobile deposit is only available through the Wells Fargo Mobile® app on eligible mobile devices. Deposit limits and other restrictions apply. Some accounts are not eligible for mobile deposit. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply. See Wells Fargo’s Online Access Agreement and your applicable business account fee disclosures for other terms, conditions, and limitations.

Terms and conditions apply. Setup is required for transfers to and/or from other U.S. financial institutions, and verification may take 1–3 business days. Customers should refer to their other U.S. financial institutions for information about any potential fees charged by those institutions. Mobile carrier’s message and data rates may apply. See Wells Fargo’s Online Access Agreement for more information.

Enrollment in Digital Wires is subject to eligibility requirements, and terms and conditions apply. Applicable outgoing or incoming wire transfer service fees apply, unless waived by the terms of your account. Your mobile carrier's message and data rates may apply. For more information, see the Wells Fargo Online Access Agreement and your applicable account fee disclosures for other terms, conditions, and limitations.

Transactions means all checks deposited and all withdrawals or debits posted to your account, including paper and electronic, except debit card purchases and debit card payments.

Sign-up may be required. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply.

With Zero Liability protection, you will be reimbursed for promptly reported unauthorized card transactions, subject to certain conditions. Please see the applicable Wells Fargo account agreement or debit and ATM card terms and conditions for information on liability for unauthorized transactions.

Wells Fargo reserves the right to accept or reject any artwork, images, or logos. For example, any third-party trademarks, copyrighted materials, or name, image, and likeness of any public figures will not be approved.

Digital wallets may not be available on all devices. Your mobile carrier's message and data rates may apply.

Digital wallet access is available at Wells Fargo ATMs and participating non-Wells Fargo ATMs for Wells Fargo Debit Cards in digital wallets. Message and data rates may apply. Some ATMs within secure locations may require a physical card for entry.

See the Business Account Fee and Information Schedule and Deposit Account Agreement for additional business account information.

Wells Fargo Bank, N.A. Member FDIC.

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