U.S. Bank vs Wells Fargo: what each publishes
As of October 17, 2026, we hold no rule from U.S. Bank or Wells Fargo on the 7 industries we track; below, side by side: where each takes companies from, its fees, its terms on closing accounts and its licence.
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 | U.S. Bank | Wells Fargo |
|---|---|---|
| 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 |
| AI and SaaS | 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
U.S. Bank
No published rule
Wells Fargo
No published rule
Rules about countries
U.S. Bank
No published rule
Wells Fargo
No published rule
Fees
U.S. Bank
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Business Essentials | Not stated | USD 0 monthly maintenance fee | · Source |
| Gold Business Checking Package | Not stated | USD 20, waivable (for example with a USD 10,000 average collected checking balance) | · Source |
| Platinum Business Checking Package | Not stated | USD 30, waivable (for example with a USD 25,000 average collected checking balance) | · Source |
| Premium Business Checking Package | Not stated | USD 34, 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
U.S. Bank
If we close your account, we will send you notice within ten days after closing and/or indicate the closure on your next account statement.
Wells Fargo
We may close your account at any time.
Licence
| Licensee | U.S. Bank | Wells Fargo |
|---|---|---|
| Licensee | U.S. Bank National Association · national bank chartered by the OCC, Member FDIC (FDIC cert 6548) | Wells Fargo Bank, National Association · national bank, Member FDIC (FDIC cert 3511) |
| Regulator | FDIC / OCC · | FDIC · |