![]() Wells Fargo Optimize Business Checking® Account, with a $75 per-month fee that cannot be avoided.įor military service members and veterans, Chase is the better banking option.The $25 monthly maintenance fee is waived when you keep a minimum daily balance of $10,000. Wells Fargo Navigate Business Checking® Account.Wells Fargo Initiate Business Checking℠, which has a monthly $10 monthly service fee fee that you can avoid if you maintain a $500 minimum daily balance.Wells Fargo provides commercial and corporate accounts for larger enterprises and these choices for small businesses: Chase Platinum Business Checking℠ for larger firms, an account with a $95 per-month charge that’s waived when you maintain a balance of $100,000.The $30 monthly maintenance fee can be avoided if you carry a $35,000 balance. Chase Performance Business Checking® for midsize companies.You can avoid it by maintaining a balance of $2,000. Chase Business Complete Banking® for small businesses, an account that comes with a $15 monthly service fee.Chase Private Client Checking℠ costs $35 per month, though you can avoid those charges by keeping at least $150,000 in the account.Ĭhase and Wells Fargo have similar business checking options, but the Chase business accounts are often more expensive.The monthly charge is waived if you maintain a balance of $75,000. Chase Sapphire Banking comes with a $25 maintenance fee.It can be avoided if you maintain an average balance of $15,000 or link a home loan backed by Chase. Chase Premier Plus Checking℠ has a $25 monthly service fee.One of the accounts gives you options for steering clear of fees: Wells Fargo Premier Checking pays 0.25% to 0.50% APY, depending on your balance, and comes with a monthly fee of $35 that’s waived only if you keep a hefty minimum daily balance of $250,000.Ĭhase offers three interest-bearing checking accounts, but they only pay 0.01% APY.Wells Fargo Prime Checking pays 0.05% to 0.10% APY, depending on your balance, and charges a monthly maintenance fee of $25 that you can avoid if you carry a minimum daily balance of $20,000.Wells Fargo has two interest-bearing checking accounts: ![]() Interest-Bearing Checking AccountsĬhase also has the edge if you’re looking for a checking account that earns interest. It offers free money orders and cashier’s checks, while Wells Fargo’s basic account charges $5 for money orders and $10 for cashier’s checks. ![]() Basic Accountsīoth Chase and Wells Fargo offer basic checking accounts with fixed monthly fees: $4.95 for Chase Secure Banking℠ and $5 for Wells Fargo Clear Access Banking℠.īetween the two, the Chase account is a clear standout. It’s easier with Wells Fargo Everyday Checking, which requires that you keep at least $500 in your account-compared to $1,500 at Chase. You also can avoid the monthly charges by maintaining a daily balance. Both banks waive the fees when the accounts take in direct deposits totaling $500 or more each month. Chase Total Checking comes with a $12 monthly maintenance fee, while Wells Fargo Everyday Checking customers are charged $10 a month. Popular AccountsĬhase Total Checking® and Wells Fargo Everyday Checking are similar, though the Chase account costs more. Here’s a comparison of similar accounts between the two banks. Wells Fargo: Checking Accountsīoth Chase and Wells Fargo offer multiple checking accounts to meet your needs. Chase further offers better options for kids and those who don’t qualify for free checking accounts.įor entrepreneurs, gig workers and other individuals without regular direct deposit income, Wells Fargo offers a solid option for free checking. Chase is also the clear winner for military personnel, offering waived fees on checking accounts and ATM withdrawals for active-duty service members and veterans. With 3,000 more ATM locations than Wells Fargo, reduced fees and a wider variety of welcome bonuses, Chase is a better option for most customers. Which Bank Is Better: Chase or Wells Fargo?
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