Chase vs Wells Fargo: Which Is The Top Pick in 2025?

One key drawback of Chase is its high fees for basic banking services, which can be a burden for small businesses. Wells Fargo, on the other hand, suffers from frequent leadership changes, causing instability and dissatisfaction among employees.

Rho offers a more efficient solution for businesses by integrating AP automation and banking products with world-class software, enhancing workflow efficiency and control.

When it comes to banking, many businesses turn to Chase and Wells Fargo for their financial needs. However, choosing the right solution can be a complex task.

In this article, we’ll review what each solution offers and how they compare, helping you make an informed decision. Additionally, we'll also explore Rho as a third option worth considering.

Chase Overview

Chase for Business provides a range of financial solutions tailored for business needs. Their main value proposition is offering flexible banking, payment acceptance, and credit card solutions, along with local support. They cater to personal, business, and commercial customers, aiming to address diverse financial requirements.

Chase Features

Some of the key features of Chase include:

Business Checking: Offers various checking solutions for businesses of different sizes and industries to meet their needs.
Payment Solutions: Provides a complete suite of merchant services to accept credit cards securely and conveniently.
Business Credit Cards: Offers business credit cards with rewards on expenses, including cash back, airline miles, or reward points.
Business Loans: Provides financing options such as SBA loans, commercial financing, and business lines of credit.

Chase Pricing

Chase offers a variety of pricing tiers for its business banking services, each designed to cater to different needs:

Business Complete Banking: Includes unlimited electronic deposits and access to Chase QuickAccept for $15/month.
Performance Business Checking: Offers 250 transactions per month and no fees for incoming wires for $30/month.
Platinum Business Checking: Provides 500 transactions per month and free outgoing wires for $95/month.

The prices for each tier are not publicly listed.

Drawbacks To Chase

General user reviews and feedback on Chase are moderately positive, with users appreciating the reliability and range of services but noting areas for improvement.

"Chase has been reliable for my banking needs, but their customer service could use some improvement." - Arthur Sammy Castello
"I love the rewards program, but the mobile app can be glitchy at times." - Dan Wang

Source: Chase Customer Reviews on Product Hunt

Wells Fargo Overview

Wells Fargo operates in several solution categories, including personal banking, small business, and corporate banking. Their main value proposition lies in offering comprehensive financial services and convenient online banking solutions. They cater to individual consumers, small businesses, commercial enterprises, and corporate clients, emphasizing customer service and community support.

Wells Fargo Features

Some of the key features of Wells Fargo include:

Checking Accounts: Offers various options including Clear Access Banking, Prime Checking, and Everyday Checking.
Savings Accounts: Includes Way2Save® Savings, Platinum Savings, and Wells Fargo CDs.
Credit Cards: Provides options for cash back, rewards, 0% intro APR, and travel benefits.
Home Loans: Services for buying a home, refinancing, and first-time homebuyer resources.

Wells Fargo Pricing

Wells Fargo's pricing structure is based on individual service fees rather than subscription tiers or packages.

ATM Cash Withdrawal (Non-Wells Fargo - U.S./U.S. Territories): $3 each.
Cashier's Checks: $10 each, with an additional $8 delivery charge for online orders.
Money Order: $5 per money order.
Overdraft Fees: $35 per item.

Drawbacks To Wells Fargo

The overall consensus on Wells Fargo is moderately positive, with a rating of 3.6 out of 5 stars, indicating that most employees have a good working experience.

"Great work culture, had a great learning experience." - Financial Analyst, Former Employee, Hyderabad
"Wells Fargo is a leading financial services company with many strengths, including a large branch network, a variety of financial services, and a strong brand." - Fraud and Claims Operations Associate, Current Employee, Chennai
"Leadership gets changed almost every quarter, bringing dissatisfaction to the overall principles." - Anonymous Employee, Current Employee, more than 5 years

Source: Wells Fargo Reviews on Glassdoor

What to Know Before Picking Chase or Wells Fargo

Looking at the reviews as a whole, businesses using Chase often face issues with customer service and occasional glitches in their mobile app. These problems can disrupt daily operations and affect overall satisfaction.

On the other hand, Wells Fargo's frequent leadership changes and internal politics can create an unstable environment for businesses. Additionally, inconsistent management practices across branches can lead to varied service quality.

Why Rho Is a Better Alternative

At Rho, we understand the challenges businesses face with Chase and Wells Fargo, such as customer service issues and inconsistent management. Our platform is designed to provide seamless, reliable financial solutions, ensuring a stable and efficient banking experience. Discover how we can better support your business needs.

Rho Features

Zero Platform Fees: Unlike Chase, we offer AP Automation with zero platform fees, helping businesses save on transaction costs.
Up to 2% Cashback: Our Rho Platinum card provides up to 2% cashback¹, offering more attractive rewards compared to Chase's credit card options.
Expense Management: We eliminate the need for manual expense reports by capturing every receipt, streamlining the process and reducing administrative burden.
24/7 Customer Support: Our around-the-clock support ensures that businesses can get help whenever they need it, addressing the customer service issues often faced with Wells Fargo.
Direct Integrations: We integrate seamlessly with accounting, HR, and T&E software, solving the integration challenges that businesses encounter with Wells Fargo.
Quick Implementation: Our platform can be set up in less than 2 hours, allowing businesses to start managing their finances efficiently without lengthy onboarding processes.
Virtual Cards: We offer the ability to create virtual cards for employees, specific dates, or particular vendors, providing flexibility and control over corporate spending.

Rho Pricing

We offer a straightforward and transparent pricing structure designed to save you money and simplify your financial management. Unlike Chase and Wells Fargo, our pricing is easy to understand, with many services available at no cost.

$0 monthly fees: No monthly subscription fees for accessing essential accounting integrations.
$0 same-day ACH fees: No fees for same-day ACH transactions.
$0 wire fees: No fees for wire transfers, with some exceptions for international wires.
$0 support fees: No fees for customer support, available from day one.
$0 subscription fees: No subscription fees for our platform.
$0 checking account minimum fees: No minimum balance fees for checking accounts.
$0 per-user fees: No fees per user, allowing unlimited team members.
$0 connected, in-platform capabilities: No fees for AP, Expense & Accounting Automation.
1% foreign currency transfer: A 1% fee on foreign currency transfers.

You can find all the details about our pricing here.

Why Users Love Rho

We’re proud of what we do, but we think our customers say it best. Take a look at why they prefer Rho over other options.

"Rho is everything a corporate card program should be - And it's free to the users and employers!" - Tyler M., Chief Financial Officer, Small-Business
"From day one, using Rho has been simple and straightforward." - Kevin K., Director of Marketing and Analytics, Mid-Market
"Modern, flexible, tech-centric user experience on traditional credit card services" - Pete S., Mid-Market

Want a firsthand look at Rho? You can request a free demo here.

Which Platform Is Right for Your Business?

Choosing between Chase, Wells Fargo, and Rho depends on your business needs. Chase offers robust banking solutions and credit card rewards, while Wells Fargo provides comprehensive financial services and a large branch network. However, both have drawbacks like customer service issues and inconsistent management.

This is where Rho comes in. We offer zero platform fees, up to 2% cashback¹, and 24/7 customer support. Our seamless integrations and quick implementation make us a reliable and efficient choice for your business.

Make the Smarter Choice with Rho Today

Curious to see what Rho can do for you? Discover how our platform can transform your business. Get started with Rho today.

Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank N.A., member FDIC. Savings account services provided by American Deposit Management Co. and its partner banks. International and foreign currency payments services are provided by Wise US Inc. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. Products and services offered through the Rho platform are subject to approval.

The Rho Corporate Cards are issued by Webster Bank N.A., member FDIC pursuant to a license from Mastercard, subject to approval.

Investment management and advisory services provided by RBB Treasury LLC dba Rho Treasury, an SEC-registered investment adviser and subsidiary of Rho. Rho Treasury investments are not deposits or other obligations of Webster Bank N.A., or American Deposit Management Co.’s partner banks, are not FDIC insured, are not guaranteed and may lose value. Investment products involve risk, including the possible loss of the principal invested, and past performance does not future results. Treasury and custodial services provided through Apex Clearing Corp. and Interactive Brokers LLC, registered broker dealers and members FINRA/SIPC.

¹Up to 2% cashback; terms and conditions apply. See eligibility and complete Rho Cashback Rewards Program terms and conditions here.

This content is for informational purposes only. It doesn’t necessarily reflect the views of Rho and should not be construed as legal, tax, benefits, financial, accounting, or other advice. If you need specific advice for your business, please consult with an expert, as rules and regulations change regularly.