Live Oak Bank vs Wells Fargo: what each publishes
As of October 17, 2026, Live Oak Bank takes these industries by its own published rules: AI and SaaS, with conditions. We hold no such rule from Wells Fargo.
Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.
Where it takes companies from
Policy by industry
| Industry | Live Oak Bank | Wells Fargo |
|---|---|---|
| AI and SaaS | With conditions | No published rule |
| Crypto | No published rule | No published rule |
| iGaming | No published rule | No published rule |
| Adult | No published rule | No published rule |
| Unlicensed financial services | No published rule | No published rule |
| Forex and CFD | No published rule | No published rule |
| Marketplace | No published rule | No published rule |
Where owners must live
Live Oak Bank
No published rule
Wells Fargo
No published rule
Rules about countries
Live Oak Bank
Account holders and authorized signers must be a United States citizen or Permanent Resident with a valid Social Security number. People lawfully admitted to the United States on a temporary basis who have DHS authorization to work are not eligible to open an account.
Wells Fargo
No published rule
Fees
Live Oak Bank
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Business Essential Checking | Not stated | USD 10, waived with a USD 1,000 average daily balance | · Source |
| Business Plus Checking | Not stated | USD 25, waived with a USD 25,000 average daily balance | · Source |
| Business Plus Analysis | Not stated | USD 100, an earnings credit can offset it | · Source |
Wells Fargo
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Initiate Business Checking | Not stated; minimum opening deposit USD 25 | USD 15; waived with a USD 2,000 minimum daily balance, a USD 5,000 average combined business deposit balance, or a linked Premier Checking, Private Bank Checking or Private Bank Interest Checking account; fee waived for fee periods ending within the first 64 days | · Source |
| Navigate Business Checking | Not stated; minimum opening deposit USD 25 | USD 25; waived with a USD 10,000 minimum daily balance, USD 15,000 average combined business deposit balances, or a linked Premier Checking, Private Bank Checking or Private Bank Interest Checking account | · Source |
| Optimize Business Checking | Not stated; minimum opening deposit USD 25 | USD 75 monthly maintenance fee for the relationship, up to 5 accounts, plus USD 30 for each account above 5; an earnings allowance can offset eligible service fees | · Source |
Closing an account
Live Oak Bank
We may close an account at any time upon reasonable notice to you, and, if we close an account, tender the balance of the account to you, at our option, personally, by mail, or as otherwise requested by you.
Wells Fargo
We may close your account at any time.
Licence
| Licensee | Live Oak Bank | Wells Fargo |
|---|---|---|
| Licensee | Live Oak Banking Company · North Carolina state-chartered bank, Member FDIC (FDIC cert 58665) | Wells Fargo Bank, National Association · national bank, Member FDIC (FDIC cert 3511) |
| Regulator | FDIC · | FDIC · |