California Business Account Addenda Business Account Fee And Information Schedule Addenda Simple Business Checking Pricing Change, Effective April, 206 IOLTA/RETA Pricing Change, Effective April, 206 Wire transfers, Effective January, 206 Important changes, Effective January, 206 Check Image Returned with Paper Statement Service, Effective January, 206 Monthly service fee grace period, Effective December 7, 205 Overdraft Protection Transfer/Advance, Effective July 5, 205 Business Account Agreement Addenda Deposit verification, Effective January, 206 Funds Availability Policy updates, Effective November 6, 205
Business Account Fee And Information Schedule Addenda These Addenda change the Business Account Fee and Information Schedule ( Schedule ) dated July 5, 205 and use the same terms you will find there. While these Addenda address details for specific accounts and/or related services, all other aspects of the Schedule remain the same. If there is a conflict between these Addenda and the Schedule, these Addenda will control. Simple Business Checking Pricing Change, Effective April, 206 In the section of the Schedule titled Additional business checking accounts, the Options to avoid the monthly service fee sub-section of Wells Fargo Simple Business Checking is deleted and replaced with the following: Avoid the fee when you maintain a $500 average ledger balance each fee period*. IOLTA/RETA Pricing Change, Effective April, 206 In the section of the Schedule titled Additional business checking accounts, the Monthly service fee sub-section of Basic Business Checking with Interest Interest on Lawyer s Trust Account (IOLTA), Wells Fargo Analyzed Business Checking with Interest Interest on Lawyer s Trust Account (IOLTA), and Basic Business Checking with Interest Real Estate Trust Account (RETA) is deleted and replaced with the following: Monthly service fee There is no monthly service fee for this product. All other fees are the account holder s responsibility. In the section of the Schedule titled Additional business checking accounts, the Options to avoid the monthly service fee sub-section of Basic Business Checking with Interest Interest on Lawyer s Trust Account (IOLTA), Wells Fargo Analyzed Business Checking with Interest Interest on Lawyer s Trust Account (IOLTA), and Basic Business Checking with Interest Real Estate Trust Account (RETA) is deleted. Wire transfers, Effective January, 206 In the section of the Schedule titled Analyzed account transaction categories, the bullet Book transfer debit listed under Debits posted is deleted. In the section of the Schedule titled Analyzed account transaction categories, the bullet Book transfer credit listed under Electronic credits posted is deleted. In the section of the Schedule titled Service fees, in the sub-section Wire transfers (non-analyzed accounts), the Fax advice and Repetitive outgoing book transfer fees are deleted. In the section of the Schedule titled Service fees, in the sub-section Wire transfers (non-analyzed accounts), the Outgoing book transfer fee is deleted and replaced with the following: Outgoing Book Transfer*... $5 each * Wire Transfer between two Wells Fargo business accounts that share common ownership and are linked on the Wells Fargo wire platform. Contact your Business Banker to request linking of your business accounts. In the section of the Schedule titled Service fees, in the sub-section Wire transfers (analyzed accounts), the fees for Wire in via correspondent bank U.S. /foreign currency, Outgoing international U.S. currency Auto standing, and Outgoing international foreign currency Auto standing are deleted and replaced with: Wire in via correspondent bank U.S. /foreign currency... $7 per transfer Outgoing international U.S. currency Auto standing... $30 each Outgoing international foreign currency Auto standing... $20 each In the section of the Schedule titled Service fees, in the sub-section Wire transfers (analyzed accounts), the Outgoing book transfer fee is deleted. These Wells Fargo fees may be offset by the earnings allowance on Wells Fargo Analyzed Business Checking, Wells Fargo Analyzed Business Checking Public Funds, Wells Fargo Choice IV U.S. Government Account, or Wells Fargo Analyzed Business Checking Select. 2
Important changes, Effective January, 206 In the section of the Schedule titled Business checking accounts, under the subsection Additional benefits - Platinum Business Checking, the seventh bullet is deleted and replaced with: 2 free domestic (U.S.) non-wells Fargo ATM transactions per fee period In the section of the Schedule titled Additional business checking accounts, the Monthly maintenance fee and Account transaction fees sub-sections of Wells Fargo Analyzed Business Checking, Wells Fargo Analyzed Business Checking Public Funds, and Wells Fargo Choice IV U.S. Government Account are deleted and replaced with the following: Monthly maintenance fee $20 Account transaction fees $0.20 per check paid $0.20 per debit posted $.00 per deposit $0.20 per ATM deposit $0.20 per electronic credit posted $0.20 per deposited item (in addition to deposit or electronic credit posted) $0.20 per ACH (Automated Clearing House) received item (in addition to debit posted or electronic credit posted) $0.0025 per $ of cash deposited Please refer to the analyzed account transaction categories section in the Business Account Fee and Information Schedule. In the section of the Schedule titled Additional business checking accounts, the Monthly maintenance fee and Account transaction fees sub-sections of Wells Fargo Analyzed Business Checking Plus, and Wells Fargo Analyzed Business Checking Plus Public Funds, are deleted and replaced with the following: Monthly maintenance fee $30 Account transaction fees $0.20 per check paid $0.20 per debit posted $.00 per deposit $0.20 per ATM deposit $0.20 per electronic credit posted $0.20 per deposited item (in addition to deposit or electronic credit posted) $0.20 per ACH (Automated Clearing House) received item (in addition to debit posted or electronic credit posted) $0.0025 per $ of cash deposited Please refer to the analyzed account transaction categories section in the Business Account Fee and Information Schedule. In the section of the Schedule titled Additional business checking accounts, the Account transaction fees subsection of Wells Fargo Analyzed Business Checking Select, is deleted and replaced with the following: Account transaction fees $0.20 per check paid $0.20 per debit posted $.00 per deposit $0.20 per ATM deposit $0.20 per electronic credit posted $0.20 per deposited item (in addition to deposit or electronic credit posted) $0.20 per ACH (Automated Clearing House) received item (in addition to debit posted or electronic credit posted) $0.0025 per $ of cash deposited Please refer to the analyzed account transaction categories section in the Business Account Fee and Information Schedule. In the section of the Schedule titled Additional business checking accounts, under Additional information Analyzed Business Checking, Analyzed Business Checking Public Funds, Choice IV U.S. Government Account, Analyzed Business Checking Plus, Analyzed Business Checking Plus Public Funds, Analyzed Business Checking Select, the What are your statement and check image options? sub-section is deleted and replaced with the following: What are your statement and check image options? All analyzed checking account holders receive free online statements of their checking accounts. This service includes free check safekeeping. Online statements can take two statement periods to implement. Paper statements If you elect to receive a paper statement of your analyzed checking account, the monthly fee per statement is $5. Check image options (available with online and paper statements for analyzed checking accounts). For an additional fee, you can enroll in our check image program. You have two different monthly check return/image options available to you:. Classic: 0 checks per page. Image includes the front of checks only. The monthly fee is $2 up to 75 check images, then $0.03 per image exceeding 75. 2. Premium: 5 checks per page. Image includes the front and back of checks. The monthly fee is $4 up to 75 check images, then $0.06 per image exceeding 75. 3
In the section of the Schedule titled Service fees, the sub-sections ACH origination fees, ACH reporting fees, and Commercial Electronic Offce (CEO ) are deleted in their entirety. In the section of the Schedule titled Service fees, under the sub-section Foreign and international services, the Foreign exchange online wire out fee is deleted. In the section of the Schedule titled Service fees, under the sub-section Other service fees, the InfoFax previous day monthly base fee is deleted. In the section of the Schedule titled Service fees, the sub-section Cashed/deposited item returned unpaid is deleted and replaced with: Cashed/deposited item returned unpaid Cashed/deposited item returned unpaid 2... $2 per item If you cash or deposit an item into your account, and it is returned unpaid to the Bank for any reason, your account is charged a fee. Additional charges: Returned item special instruction - Monthly base... $5 per account Re-deposited item... $8 per item Returned item fax notification - Monthly base... $50 per account Returned item phone notification - Monthly base... $50 per account In the section of the Schedule titled Service fees, the sub-section Statements is deleted and replaced with: Statements Check sequencing - Monthly base... $30 per statement - Item charges... $0.07 per item Client analysis statement (analyzed accounts) - Duplicate statement... $0 per statement - Paper statement... $5 per statement, per month DDA statement special request... $7.50 per statement Special requests include: duplicate DDA statement, frequent statement cycle, hold statement, special mailing instructions Fiscal calendar setup/change (analyzed accounts)... $35 each This fee is charged when you request customized statement period dates based on your business s fiscal calendar. These Wells Fargo fees may be offset by the earnings allowance on Wells Fargo Analyzed Business Checking, Wells Fargo Analyzed Business Checking Public Funds, Wells Fargo Choice IV U.S. Government Account, or Wells Fargo Analyzed Business Checking Select. 2 This fee is shown as Return Item Chargeback in Client Analysis Statements. In the section of the Schedule titled Additional terms, the sub-section Uncollected funds is deleted in its entirety and replaced with: Collection schedule All checks deposited to your checking accounts and received before the cutoff time posted in the store, ATM or cash vault receive collected funds in accordance with the following schedule: Wells Fargo Bank checks U.S. government checks Select financial institution checks 2 All other checks Collected funds Same day One day One day Two days Collected funds are stated in business days. Collected funds on checks drawn on banks in Federal Reserve areas closed in observance of a holiday are delayed one additional day. Uncollected funds Uncollected funds are funds the Bank treats as having not yet been collected, on the basis of the Bank s current collection schedule. Fee for the use of uncollected funds There is a fee for the use of uncollected funds if you have a Wells Fargo Choice IV U.S. Government Account. The fee is based on a monthly average. On any day you did not use uncollected funds, we assign a zero value. The fee is calculated based on the following: The Wells Fargo base rate plus 3% (adjusted to an appropriate periodic rate) is applied to your average daily negative collected balance for the monthly statement period The average daily negative collected balance is the sum of the negative collected balances at the close of business on each day of the statement period divided by the number of days in the period Excludes Wells Fargo Bank Controlled Disbursement checks. Wells Fargo Controlled Disbursement checks receive collected funds the next business day. 2 Deposited checks drawn on financial institutions located within the same time zone as the deposit location are available next business day. A business day is defined as every day except Saturday, Sunday, and federal holidays Time zones include Eastern, Central, Mountain, Pacific, and Alaska. 4
Check Image Returned with Paper Statement Service, Effective January, 206 In the Schedule, at the end of the following product sections: Wells Fargo Analyzed Business Checking Wells Fargo Analyzed Business Checking Public Funds Wells Fargo Choice IV U.S. Government Account Wells Fargo Analyzed Business Checking Plus Wells Fargo Analyzed Business Checking Plus Public Funds Add: Check image returned with paper statement service With the check image returned with paper statement service, images of your paid checks will be returned to you with the paper statement for your account. These images can be used as proof of payment. The applicable monthly fee for this service will be assessed even if no checks are paid against your account. Deposit slips are not imaged and therefore not returned. The check image returned with paper statement service is not available for all account types or for accounts with the Wells Fargo Business Online banking online statement service. If you select the check image with paper statement service, the following fees will be assessed: Account monthly maintenance fee... $60.00 per month Images of paid checks returned... $0.35 each At the end of the following product section: Wells Fargo Analyzed Business Checking Select Add: Check image returned with paper statement service With the check image returned with paper statement service, images of your paid checks will be returned to you with the paper statement for your account. These images can be used as proof of payment. The applicable monthly fee for this service will be assessed even if no checks are paid against your account. Deposit slips are not imaged and therefore not returned. The check image returned with paper statement service is not available for all account types or for accounts with the Wells Fargo Business Online banking online statement service. If you select the check image with paper statement service, the following fees will be assessed: Account monthly maintenance fee... $300.00 per month Images of paid checks returned... $0.35 each Monthly service fee grace period, Effective December 7, 205 In the section of the Schedule titled Business checking accounts, footnote on page 4 is deleted and replaced with the following: We will waive the monthly service fee for each fee period ending within the first 64 days of opening the account to allow you to meet the requirements to avoid the In the section of the Schedule titled Additional business checking accounts, in the sub-section titled Wells Fargo Simple Business Checking, the material under is deleted and replaced with: Avoid the fee partly or completely with one or both of the following each fee period*: Maintain a $500 ($,000 in California) average ledger balance, to reduce the fee by $5 a month. Enroll in Wells Fargo Business Online and choose to receive online statements only, to reduce the fee by an additional $5 a month. In the section of the Schedule titled Additional business checking accounts, in the sub-section titled Wells Fargo Additional Platinum Checking, the material under is deleted and replaced with: Linked to Platinum Business Checking $3,000 minimum daily balance $6,000 average ledger balance Qualifying transaction from a linked Wells Fargo Business Payroll Services account A qualifying transaction from a linked Wells Fargo Business Payroll Services account is a payroll transaction from a Wells Fargo Business Payroll Services product that is funded from a linked Wells Fargo business checking account at least once during the fee period. 5
In the section of the Schedule titled Additional business checking accounts, in the sub-section titled Wells Fargo Business Checking - Public Funds, the material under is deleted and replaced with: Maintain $3,000 minimum daily balance Maintain $6,000 average ledger balance Qualifying transaction from a linked Wells Fargo Business Payroll Services account A qualifying transaction from a linked Wells Fargo Business Payroll Services account is a payroll transaction from a Wells Fargo Business Payroll Services product that is funded from a linked Wells Fargo business checking account at least once during the fee period. In the section of the Schedule titled Additional business checking accounts, in the sub-section titled Wells Fargo Business Checking Plus - Public Funds, the material under is deleted and replaced with: Maintain a $5,000 minimum daily balance Maintain a $0,000 average ledger balance In the section of the Schedule titled Business Savings accounts, in the sub-section titled Wells Fargo Business Market Rate Savings, the material under is deleted and replaced with: $500 average collected balance A total amount of $25 or more of automatic transfers each month from a Wells Fargo business checking account into this savings account In the section of the Schedule titled Business Savings accounts, in the sub-section titled Wells Fargo Business Market Rate Account Public Funds, the material under is deleted and replaced with: $2,500 minimum daily balance $5,000 average collected balance In the section of the Schedule titled Business Savings accounts, in the sub-section titled Wells Fargo Business Platinum Savings the material under is deleted and replaced with: Avoid the fee when you maintain a $0,000 minimum daily balance each fee period* Overdraft Protection Transfer/Advance, Effective July 5, 205 In the section of the Schedule titled Service fees, the sub-section Overdraft Protection transfer/advance is deleted in its entirety and replaced with: Overdraft Protection transfer/advance This service will transfer money from your linked savings account or advance money from your credit account when you do not have enough money in the checking account to cover the transaction. When the service is needed, you will be charged a single transfer fee each day funds are transferred/advanced, regardless of the number of transactions that were covered, but only if the service helps you prevent at least one overdraft item. The transfer/advance fee depends on the account type you have linked to your checking account for Overdraft Protection. We will charge the transfer/advance fee to your checking account when we transfer/advance money from your savings account. If we advance money from your credit account, we will charge the fee to your credit account. From eligible savings accounts... $2.50 per transfer* From credit account... See your credit agreement * We will transfer from a savings account a minimum amount of $25 or the exact overdraft amount if it is over $25. If your savings account s available balance is less than $25 or cannot cover the overdraft, then we will transfer the available balance. 6
Business Account Agreement Addenda These Addenda change the Business Account Agreement ( Agreement ) dated July 5, 205 and use the same terms you will find there. While these Addenda address details for specific accounts and/or related services, all other aspects of the Agreement remain the same. If there is a conflict between these Addenda and the Agreement, these Addenda will control. Deposit verification, Effective January, 206 In the section of the Agreement titled Miscellaneous, the provision titled Verification of transactions; Right to reverse erroneous credits on page 34 is deleted in its entirety and replaced with the following: Are transactions subject to verification by the Bank? Yes. All transactions are subject to the Bank s verification. This includes cash, items, or other funds offered for deposit for which we have provided a receipt. We do not verify all transactions. We reserve the right to reverse or otherwise adjust, at any time without prior notice to you, any debit or credit we believe we have erroneously made to your account. Who is responsible to make sure the declared amount of funds offered for deposit is accurate? It is your responsibility, and the Bank has no obligation, to make sure the declared amount of funds offered for deposit is accurate. If we determine a discrepancy exists between the declared and the actual amount of the funds, we are permitted to adjust (debit or credit) your account. We are also permitted to use the declared amount as the correct amount to be deposited and to not adjust a discrepancy if it is less than our standard adjustment amount. We are permitted to vary our standard adjustment amount from time to time without notice to you and to use different amounts depending on account type. If you notify us of an error in the amount of a deposit shown on your account statement within 30 days of the date we mail or otherwise make the account statement available to you, we will review the deposit and make any adjustment we determine is appropriate, subject to any applicable fees. If you fail to notify us during this time frame, the deposit amount on your statement will be considered correct. This means that if the actual amount is less than the amount on the statement, the difference will become your property. If the actual amount is more than the amount shown on the statement, the difference will become the Bank s property. Can you arrange to have us adjust all discrepancies identified during any verification without regard to our standard adjustment amount? Yes. If your account is an analyzed business deposit account, you may arrange for the Bank to adjust all discrepancies identified during any verification without regard to our standard adjustment amount by contacting your local banker or calling the number on your statement. Funds Availability Policy updates, Effective November 6, 205 In the section of the Agreement titled Funds availability policy, the sub-section titled General is deleted in its entirety and replaced with the following: General The Bank s policy is to make funds from check deposits to your checking or savings account (in this policy, each an account ) available to you on the first business day after the day it receives your deposits. Incoming wire transfers, electronic direct deposits, cash deposited at a teller window and at a Wells Fargo ATM, and the first $400 of a day s check deposits will be available on the day the Bank receives the deposits. Certain electronic credit transfers, such as those through card networks or funds transfer systems, will be available on the first business day after the day we receive the transfer. Once the funds are available, you can withdraw the funds in cash and the Bank will use the funds to pay checks and other items presented for payment and applicable fees and expenses that you have incurred. The first $400 of a business day s check deposits to an analyzed account are not available to you on the day the Bank receives the deposits. Check deposits to an analyzed account are available on the first business day after the Bank receives your deposits. In the section of the Agreement titled Funds availability policy, the first 2 paragraphs in the sub-section titled Longer delays may apply are replaced with the following: In some cases, the Bank will not make the first $400 of a business day s check deposits available to you on the day it receives the deposits. Further, in some cases, the Bank will not make all the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second or third business day after the day of your deposit. The first $200 of your deposit, however, may be available on the first business day. Except as otherwise explained in this paragraph, if the Bank is not going to make all funds from your deposit available on the business day of deposit or the first business day after the day of deposit, the Bank will notify you at the time you make your deposit. The Bank will also tell you when the funds will be available. If your deposit is not made directly to an employee, or if it decides to take this action after you have left the premises, the Bank will mail you the notice by the first business day after it receives your deposit. 7
In the section of the Agreement titled Funds availability policy the sub-section Special rules for new accounts is replaced with the following: Special rules for new accounts If you are a new customer, the following special rules will apply during the first 30 days your account is open. Incoming wire transfers, electronic direct deposits, and cash deposited at a teller window and at a Wells Fargo ATM will be available on the day we receive the deposit. Funds from your check deposits will be available on the business day after the day we receive the deposits; no funds from a business day s check deposits, including those through a Wells Fargo ATM, are available on the day we receive the deposits. If we delay the availability of your deposit the following special rules may apply: The first $5,000 of a day s total deposits of cashier s, certified, teller s, traveler s, and federal, state, and local government checks and U.S. Postal Service money orders made payable to you will be available on the first business day after the day of your deposit. The excess over $5,000 and funds from all other check deposits will be available on the seventh or eighth business day after the day of your deposit. The first $200 of a day s total deposit of funds from all other check deposits, however, may be available on the first or second business day after the day of your deposit. We will notify you if we delay your ability to withdraw funds and we will tell you when the funds will be available. We may delay availability of funds by one additional business day for certain checks deposited at a Wells Fargo location in Alaska. This right applies only if the check is drawn on or payable at or through a paying bank not located in Alaska. Last page of the Business Account Addenda. These addenda govern business deposit accounts maintained at Wells Fargo Bank, N.A. locations in California. 206 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. NMLSR ID 39980. BBG5227 CA (//6) 8