Have been looking for a company for some time to establish a small business checking account. After some exhaustive online research, I decided to give Wells Fargo a try, based on the fact that they promote that a business account could be opened online provided you had an established EIN, and Dun's number.
I went through the application, completing all sections as requested, and then submitted my request to fund the account with the maximum amount - $300. A day later, I got an email, indicating that my account would not be opened. I asked why, and received a response from someone in the small business unit (2 days later) indicating that my account could not be opened because Wells Fargo doesn't have any branches in my state.
I am disappointed. I tried to open this account based on the online convenience of the process.
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