Wells Fargo introduces combined personal and business bill payment facility

Wells Fargo introduces combined personal and business bill payment facility

Wells Fargo is offering small business customers a new online banking and bill payment service.

Wells Fargo Business Online banking and Bill Pay enables both business and personal bills to be paid with a single service from any Wells Fargo business or personal chequeing account.

Small business customers can also use the service to view account balances, review account activity, transfer money and make payments between accounts, download transaction histories, and access Wells Fargo Online.

Debra Rossi, executive vice president for Wells Fargo's business Internet services, says: "Rather than have separate personal and business bill pay services, Wells Fargo believes, and our customers confirm, that it makes sense to have anytime, anywhere access to a single, centralised service that fulfills all of their bill payment requirements."

Wells Fargo Business Online banking is free, and Bill Pay is free for the first two months, and remains free for customers with a minimum combined balance of $25,000 at all times in their business and personal deposit accounts. For customers who maintain a balance less than this amount, the fee is $9.95 per month. For customers exceeding 25 payments per month, each additional payment is $0.40.

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