WaFd Bank

WaFd Bank offers four types of business checking: Free, Interest, Premier and Analyzed. The bank also provides online banking, digital ACH and wire payments, remote deposits and additional fraud prevention tools for business customers.

Accounts and fees

The account types are Free Business Checking, Business Interest Checking, Business Premier Checking and Business Analyzed Checking. The published fees are 0 dollars for Free, 15 dollars for Interest when the balance is below 5,000 dollars, 75 dollars for Premier, and a fee based on activity for Analyzed. The Analyzed account suits businesses whose fees are best set by transaction volume rather than a flat charge.

Payments and tools

The listed services are business checking, ACH, wire transfers and remote deposit. Payments are made over ACH, and remote deposit lets a company deposit cheques without visiting a branch.

Deposit protection

The bank's official page discloses FDIC membership. Coverage depends on the depositor, the ownership category and eligibility, and it is not e-money safeguarding.

What to confirm

Transaction allowances, wire charges and opening requirements are not given in the published description, and they should be compared across the four accounts before choosing.