Thank you for choosing Wells Fargo. To help you with the process of switching to Wells Fargo, we’ve developed the Business Switch resources to help you manage the transition of your accounts more easily. Once you have switched, you can begin taking advantage of Wells Fargo's extensive financial services needed to run your business, from cash management, credit, payroll, and online banking to merchant services and business insurance. As a valued customer, you can enjoy added benefits when you entrust more of your business banking to Wells Fargo. Wells Fargo has been providing small businesses with exceptional service and innovative financial services since 1852.

To switch your business banking to Wells Fargo, just follow these simple steps and use the forms we've provided:
  • Step 1 — Open your Wells Fargo business checking account and debit card, and deposit funds into your new account.
  • Step 2 — Switch your scheduled payments to your new business accounts.
  • Step 3 — Stop using your old business account.
  • Step 4 — Close your old business account after your checks have all cleared and any currently scheduled payments have been switched.
Track your progress by using our Switch Kit Organizer (PDF)1.

1. Open your new Wells Fargo business checking account and debit card and deposit funds into your new account.

Visit a local Wells Fargo store, call 1-800-359-3557 or open an account online.

Not sure which business checking account is right for your business? Compare checking accounts.

Learn more about other Wells Fargo business accounts and services.

Once you've opened your new Wells Fargo account, make sure you're enrolled for convenient, free access to Wells Fargo Business Online® to manage your business and personal accounts online anytime, anywhere you have Internet access.

2. Switch your scheduled payments to your new business accounts.

Fill out our Scheduled Payment Transfer Letter (PDF)1 and send it to providers and vendors so they can switch recurring payments, payroll funding and merchant services transactions from your old account to your new Wells Fargo account or business debit card. Depending on the payee, you may also be able to switch these transactions online or by phone. To avoid previously scheduled transactions being processed using your old account after you've closed it, make sure to contact your providers and vendors to confirm they have received the letter and are switching your accounts as instructed. For payments that you switch to the business debit card, use the card number and expiration date of the card that you receive by mail.

Scheduled Payments (e.g., utility bill payments, loan payments, etc.)
Send the Scheduled Payment Transfer Letter (PDF)1 to companies so they can begin debiting requested payments from your new Wells Fargo account and business debit card.

Payroll Funding Account
Send the Scheduled Payment Transfer Letter (PDF)1 to your payroll services provider so that they can begin funding your payroll from your new Wells Fargo account. Learn how Wells Fargo Business Payroll Services can save time and let you focus on managing your business.

Merchant Card Transactions
If your business accepts payments made by credit and debit cards, you'll also need to switch the account you deposit funds into. Send the Scheduled Payment Transfer Letter (PDF)1 to your merchant services provider so they can start crediting transactions to your new Wells Fargo account.

If you're switching your merchant services to Wells Fargo, we make it a seamless experience with minimal disruption to your day-to-day business. Learn more about switching your merchant services.

3. Stop using your old business account.

Once you've received your new Wells Fargo checks and cards, stop using and destroy the checks and cards associated with your old account.

Allow time for outstanding checks, debit card purchases and previously scheduled payments to clear — usually around 10 business days.

4. Close your old business account after your checks have all cleared and any currently scheduled payments have been switched.

When you have confirmed that all previously scheduled transactions have been switched and all outstanding transactions have cleared, send the Business Account Closing Letter (PDF)1 to your previous bank. This letter will notify your previous bank to close your account and send you a check for the remaining balance.


If you would like to speak to someone about switching to Wells Fargo, contact your local business banker, call 1-800-359-3557, or read our Frequently Asked Questions (PDF)1.
 
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All credit decisions subject to credit approval.

Insurance products are not FDIC insured.

Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.