Wells Fargo Small Business Banking

This is a very good option for those customers, who need cash for their ongoing business projects, or during their business expansion projects. The Business line account allows for credit lines upto $100,000 and this much of funds can be accessed even through a phone call only.

This sort of loan facility is beneficial, if any small business needs cash on a one-time basis. This Wells Fargo small business banking loan option provide the facility to get the amount in a convenient financing manner, in fixed rates and in specified repayment terms.

Customers can get this loan amount in lower rates. They can refinance their commercial mortgage or inflated payment at a cheap rate. They also can access lines, loans, or refinance for a range between $50,000 and $500,000.

This loan facility can be a great help for those customers who like to purchase real estate, or business related equipments or those customers who decided to develop a new business or expanding their small business.

For accessing all the mentioned loan types, customers need to apply online, which is a quick, easy and a secure process. Customers will get the flexibility to access the service 24 hours a day, 7 days a week. Customers will also get the facility to save their loan application without filling the form completely. In that case customer will get the chance to fill it up later. Well Fargo can be declared as the leading financial service provider and is dedicated to support small business, whether it is in its initial position or it is in the middle of its business.

Small business credit card

Well Fargo small business banking service provides another very effective facility, which is credit card facility, by which small business owners can think to plan their business policy in a balanced way. The company may be in its initial stage or it may be in its middle stage, no matter what so ever, Wells Fargo small business banking service is always ready to provide this special facility to its customers. It can be assumed as an easy alternative to checks and cash. With this facility, customers will also be able to separate their personal and business expenses. To access their accounts, one can go through online at any time and in any day.

Multiple cards options are also there, by which business owners will be able to manage the employee use. Some of the popular cards are:

Somebody who wants to maintain their small business flexible and wants to devise with this Wells Fargo business platinum card, can get credit line limit up to $50,000 and with no annual fee.

Those small business owners who want to get credit amount to utilize for their everyday business expenses, can opt for this Wells Fargo business secured card.

Small business checking and cash flow

Cash flow in small business normally denotes to the amounts of cash being received and spent by a small business during a specified period of time. Cash flow is measured out to assess the particular state or performance of any small business or project.

Business owners can maximize the cash flow for their business with this Wells Fargo business checking and saving accounts facility. Wells Fargo business checking and saving accounts also certain the business owner about security matters. With this business savings, one can earn interest on his excess cash also. One can derive all these checking facilities by opening a new business account with Wells Fargo small business banking and will definitely be able to freely access Wells Fargo business online banking with check imaging and online statements. The customers can also access their 24/7 telephone service when they need to contact them.

Wells Fargo small business online banking

This is one of the most efficacious facilities of Wells Fargo small business banking service, by which business owners will be able to retrieve or check their accounts balance information or transfer their funds in an instantaneous and easier manner. Wells Fargo small business online banking service will also enable the business owner to check their installment loan accounts, savings accounts, credit card accounts, line of credit accounts, mortgage loan accounts, etc.

Some of the major benefits of Wells Fargo small business online banking service are as follows:

So, it can be said that Wells Fargo small business banking service facilitate the process of online banking service by eliminating the need to wait in a queue. Not only this, one can report to the banking authority, if he finds any mistakes or discrepancies in his accounts. The transaction processing cost and the paper work is also eliminated.

Online payroll service

This is a special facility by which customers can get a good payroll service for small businesses. The Wells Fargo small business online payroll processing is a simple and convenient methodology by which one can pay his taxes with no jeopardize, so that he can concentrate on more important tasks.

Bill payment service

Wells Fargo small business banking service provides a special facility by which business owners can pay their bills almost instantly. And this bill payment procedure is faster and easier than writing and mailing.

Features of bill payment service:

One can pay his bill anytime he wants and this can be done by entering just one password. Customers can receive and look at their bills online with no extra cost, and can select to receive online versions of many of his bills.

Precaution:

One should stay clear from any late fees and mail delays hazards. If the customer has enough balance in his accounts, it is definite that his payment procedure will be simple, on time and accurate. One should have the access of email reminders facility by which he will be able to confirm the payment activities.

Transfers:

Business owners can instantly transfer their money with easiness and in convenient manner between their Wells Fargo accounts, or with other Wells Fargo Customers. Customers can transfer their accounts between checking, loans, savings, lines or credit and brokerage accounts. One can also set up an automatic recurring transfer between his accounts to rapidly get hold of his savings targets. He will also be able to ascertain his line of credit or loan payment on precise time. Online transfer can be thought as the easiest way to send money to other Wells Fargo checking or savings accounts.

Small business tools:

Wells Fargo small business banking tools can be utilized to maximize the cash flow for the business. Not only this, small business tools secure the accounting process also. One can manage his income and expenses also, by going through business checking account.

Merchant processing:

Small business owners can operate their business in any of their preferred business locations, but it the Wells Fargo small business merchant processing service, by which they can deliver their payment from any location of their convenience and at anytime they want. Wells Fargo small business banking also offer their customers a choice of paying through credit, debit, gift card, or through electronic check. The payments are also accepted in the company’s website or through mail or faxes. The business may be in its initial stage or it exists in its optimum stage, Wells Fargo is having all the convenient payment options.

Some specialties of this merchant processing service are:

Small Business savings:

Wells Fargo small business banking service also provide a very effective facility, which is small business savings. Someone who likes to open a savings account for his business, this account can be an appropriate option for him. The major features of this small business savings account are:

Account benefits

Monthly service fee: $5.00 and the minimum opening deposit is $100

Monthly activity: No charge will be levied up to 20 deposited items.

Banking flexibility: One can bank through any ATM stores, online or through telephone services.

Application procedure: One can apply by three easy ways. These are applying through Online, applying by phone or he may attend the office in person.

Online statement

Online small business banking statement generally is a formal record of small business financial activities which provides the overview of small business profitability and financial condition. There are basically four types of online statements, which are balance sheet, income statement, cash flow statement and statement or retained earnings.

Wells Fargo small business online statement normally present everything, a paper statement normally shows. Not only this, the customers will also be able to view, print and save their statements online and as they are official records, that is why customer can use them as record keeping and taxes also.

Working principle of online statements: With Wells Fargo small business banking online statements, customers can access their checking and savings accounts, mortgages, credit card accounts, loans and lines of credit, lines of credit, student loans etc. Wells Fargo small business banking service normally discontinue any paper statements for the checking and savings accounts, when customers sign up for online statement. Although at any instant of time, customer can again switch over to paper statement.

Customers can get both the paper and online statements for their credit cards, lines of credit etc

One can also discontinue his paper statements, and in that case, he will get an email notification.

The other most vital thing is that customer can get this online statement in free of cost

Business rewards

This is a special facility of Wells Fargo small business banking service through which customers will be rewarded for any business purchases they made. There are two possible ways to get those rewards. Customers need to earn points on his everyday business transactions and will be deserved for travel, gift certificates or any cash rewards.

The procedures of earning rewards

One can acquire rewards if he goes through these following options:

Customers needs to pay the business expenses with their Business Platinum Check Card and eventually earn points with the rewards for Business Check Card program.

Business Platinum Credit Card also has the rewards option and it has a credit line limit up to $50,000

Customers can also earn the points on the money he expensed on small business purchases like phone bills, office supplies, or any business travel.

The fact is that if the customer already enrolled in any of the rewards programs, it will be easy to acquire his rewards points

Insurance

Wells Fargo small business banking also offer some insurance facilities, which are competitive in nature. These insurance solutions can protect the property of the customers and provide workers compensation if any. Some of the major insurance policies include:

Among all the Well Fargo life insurance policies, Term life is the most simple and low-cost pure life insurance policy.

The other special insurance policy is Agribusiness Insurance, which can protect the customer from any agricultural hazards. One similar type of insurance policy is on crop insurance policy.

Retirement benefits

Wells Fargo small business banking service also cares for the small business owners and for the self-employed. The retirement plan is applicable for the business owners and for their employees.

Retirement benefits for business solutions: Wells Fargo small business banking service has the retirement options for small and large businesses. The business owners need to analyze and select the best retirement options for his business, so that he can take the advantage of their wide range of investments, which can be a huge financial needs for his business. Some of the popular retirement benefits options are :

Resources

Wells Fargo also issues some articles and newsletters to serve the needs of the small businesses and the business owners. Wells Fargo also provides important advises for the business owners who are thinking to set up a new business. Those articles or newsletters act as a guide by advising on taxes, legal structures and business finances. They also provide information for those entrepreneurs who need information regarding wealth management or goal setting.

Starting a new business

Wells Fargo small business banking is also there to establish a relationship with small business organizations. Wells Fargo provides some financial assistance to develop a new business.

Customers should always maintain a business checking account. They should keep two separate accounts, one for their business purpose and the other for keeping personal finance. Wells Fargo also maintains a free online banking for 24 hours a day by which customers can access their invoices, employees , contractors, business taxes etc. Not only this, going through merchant card processing, one can spread out their payment options, or he can receive his credit and debit card payment with proper security. All these operations can be done through online or through phone connection also.

Personal finances for business organization

Wells Fargo small business banking also provides a personal financial service. Customers can opt for this sort of option, if they want to reduce the costs and purchase time and increase their assets. Well Fargo is maintaining an array of checking and savings account, which will definitely meet the demands of any small business organization. To make this operation smoother, Wells Fargo small business banking is offering a wide range of credit cards comprising Platinum, Cash Back, Secured, and College types. They are also providing some committed home equity specialists, who are always there to help and assist the self employed and small business owner regarding home equity loan or line of credit matters.