![]() ![]() Certification Regarding Beneficial Owners of Legal Entity Customers form: Certifies that the beneficial owners for business customers are operating as a legal entity.Authorization for Information and Certificate of Authority form: Includes business and individual information and authorizes the bank to check your credit.You’re also required to complete and sign two forms: If you choose to apply online or over the phone, instructions are provided on how to submit the business documents. Two forms of personal identification one must be a government-issued ID.Taxpayer identification number (TIN) for both the business and the individuals opening the account―employer identification number (EIN) for businesses and Social Security number for individuals.Original or certified copies of your business documents.If you visit a Wells Fargo branch to open a business checking account, all owners, partners, and key executives of your business are required to appear, provide personal and business information, and present the following documents: You can open a Wells Fargo bank account online, through the phone, or in person. Wells Fargo Business Checking Requirements Lending, credit cards, and merchant services ![]() See more providers in our roundup of the best small business checking accounts. Our Mercury business checking review can help you determine whether it’s right for you. A more affordable alternative would be Mercury, which charges zero fees for wire transfers. You use wire transfers regularly: Wells Fargo Initiate Business Checking charges high fees for incoming and outgoing wire transfers.See if the provider’s a good fit by reading our Bank of America business checking review. It features 200 free transactions and fee-free cash deposits of up to $7,500 at a lower waivable monthly fee. You need more free transactions and higher cash deposit limits: Even if Wells Fargo has higher-tier accounts, allowing more free transactions and higher fee-free cash deposits, you might want to consider Bank of America.Read our Bluevine business checking review for more details. ![]() Bluevine offers a 2.0% APY without a minimum balance requirement, provided you meet the account’s activity requirements.
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