Wells Fargo Business Checking Monthly Fees To Increase [Now Live]

These changes are now live. 

Wells Fargo has announced that the monthly fees are increasing on the Wells Fargo Initiate Business Checking. This is significant as many readers have accounts from the $400/$825 checking bonuses.

The monthly service fee for the Initiate Business Checking account is $10. The monthly service fee will increase to $15 for fee periods that begin on or after March 1, 2026. The minimum opening deposit is $25.
Avoid the monthly service fee with one of the following each fee period:

• $500 minimum daily balance. The minimum daily balance will increase to $2,000 for fee periods that begin on or after March 1, 2026.
• $1,000 average ledger balance. This will no longer be a way to waive your monthly service fee effective March 1, 2026.
• Own a Premier Checking, Private Bank Checking, or Private Bank Interest Checking account.
• Effective for fee periods that begin on or after March 1, 2026, the monthly service fee can also be avoided by the following account activity:
  • $5,000 combined account balance.

Hat tip to reader Jeff