If you are a small business or even someone looking to setup a personal account with a bank, stay clear of this California based bank unless you like being inundated with crazy bank fees, inexperienced banking managers who have a hard time understanding simple business principles and English and policies that do not accommodate efficient banking practices. I have several small businesses at different banks. More than once, I've found where Wells Fargo doesn't work well transmitting funds between my Wells Fargo accounts and other bank accounts. I am always getting complaints from my clients when they try to electronically pay their bills to my accounts at Wells Fargo. I never get complaints from clients paying their bills electronically to my Bank of America accounts. My clients claim that they must "wire" payments and thus get charged substantial wiring fees. What's worst, WF charges me, the recipient, a substantial wire fee too! If you want efficient banking, stay clear of the money-grabbing Wells Fargo Bank, NA. The latest dilemma with Wells Fargo is that they fail to recognize me as the "Owner" of the account even though I setup the account under my single member LLC structure where I am the sole member, employee and owner of the business & account. Because they fail to recognize me as the Owner, they restrict my Online profile permissions to features. I'm sure for an extra $50 per month in bank account fees, this could be avoided.
Signed,
Moving business accounts AWAY from Wells Fargo read more