What are the requirements for opening a commercial checking account?

To open a commercial checking account with Wells Fargo, several requirements must be met. Firstly, the applicant should have a valid taxpayer identification number (TIN) or Employer Identification Number (EIN) for the business. Additionally, they must provide the necessary documentation, such as legal formation documents, business license, and identification for all signers on the account. Furthermore, the business should have an eligible business type and must meet Wells Fargo's account opening standards and guidelines. The account holder may also need to maintain a minimum deposit and satisfy any other applicable conditions related to fees, transactions, or account usage. It is recommended to contact a Wells Fargo representative or visit their website for more specific information tailored to individual business needs.