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Right now I am trying to rid my business of Wells Fargo. They are charging us $700 / month for services that would cost me around $200 from PNC. Their pricing
by travisoneill1 7y ago
Right now I am trying to rid my business of Wells Fargo. They are charging us $700 / month for services that would cost me around $200 from PNC. Their pricing is so convoluted that it is impossible to understand, and their reps take advantage of that. They quoted me an estimate of an additional $60 / month to add positive pay verification for checks, but my bill went up $300. And just to add insult to injury, they charge $1 for every time I need to run a search on our account records. Oh and I amlmost forgot to add, I was locked out of our account for a few days because of a rule change. I made the mistake of using them out of convenience because my personal account is with them. Don't make the same mistake as me. When you start a business avoid Wells Fargo like the plague.
- edoceo 7y agoTook my business almost five years to exit relationship w/WF (only a few months ago). Banks are super-sticky. But grind that process homie!! Once my account at WF closed I noticed the sun was brighter and I smile more often.
- brogrammernot 7y agoI’d take a look at SVB, Brex and others (PNC is good as well) depending on what you need the business account for. I have one with Chase and haven’t had any issues but it’s a small account anyways so might not apply for you.
- mikekij 7y agoI second this. We used Wells Fargo through our angel and seed rounds. Switched to Silicon Valley Bank after our A, and wish I could go back in time and use them from the start.
- blackearl 7y ago> they charge $1 for every time I need to run a search on our account records This alone would annoy me to the point of closing the account. Absolutely zero reason for this in this day and age