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
