Wells Fargo Iniate Checking, BLOC

[Gideon2024]

Started a new LLC for Electrical Construction, time to get on paper!! Online checking account verified by phone, account approved and funded in about 24 hours. Met with local branch finance manager, supplied information, information release signed and faxed to bank, stated I would hear back in about 24 hours. DP Recieved email notification EX hard pull upon leaving bank as well as update and verify Email. EX 660 no latest, score drop from utilization at 39 percent, and 7 inquires, due to new credit and SUB offers, but now time to be hopefull of personal separation amd positive relationship growth. Updates to follow.

[MissLiz]

Congratulations!

[Focus281]

looking foward to updates and good news!!

[Gideon2024]

Update!! Day two since application and signed and submitted paperwork with bank manager. No status updates as of yet. Hopeful and praying no new is good news. More to follow.

[Focus281]

excited i feel like its gonna be good news!

im excited for updates myself.

[Gideon2024]

Update. Ok, so I called local bank to speak woth banker I originally met on 07/30, he is on vacation. 8/2 I was inquiring for merchant services for convience and advertising to customers. Followed up on bloc app, banker said it was in review, then stated it was denied but did not state a reqson. Upon speaking and registering with merchant services turns out I had a brain fart and registered LLC when in fact I am a corporation filing S. Re did some documentation, he stated hopefully it would also update to the banking side as well. Fingers crossed and praying that that was the delay in approval or information pertaining to bloc. More updates to follow.

[cashorcharge]

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@Gideon2024 wrote:

Update. Ok, so I called local bank to speak woth banker I originally met on 07/30, he is on vacation. 8/2 I was inquiring for merchant services for convience and advertising to customers. Followed up on bloc app, banker said it was in review, then stated it was denied but did not state a reqson. Upon speaking and registering with merchant services turns out I had a brain fart and registered LLC when in fact I am a corporation filing S. Re did some documentation, he stated hopefully it would also update to the banking side as well. Fingers crossed and praying that that was the delay in approval or information pertaining to bloc. More updates to follow.

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Wells Fargo BLOC's aren't usually as fast to approve as a business card.  Also, while too late now...had you done everything in front of a banker versus starting online, they would done a personal EX SP on you to open the checking account and at that time, if you were eligible...offered you a BLOC or credit card on the spot.  WF is good about that when you're doing it all in front of a banker.  Good Luck!

[Gideon2024]

Thank you for you wise advice and direction. Looking forward to hopefully be able to post good news shortly.