Glep vs. Wells Fargo

Initiate Business Checking is $10 per month, waived with a $500 minimum daily balance or $1,000 average ledger balance, with 100 free transactions then $0.50 each; Navigate is $25, waived at $10,000 minimum daily or $15,000 combined, with 250 free transactions, free incoming wires and two outgoing wires per period; Optimize is $75 for up to five accounts, offset by an earnings allowance, as published on wellsfargo.com on September 24, 2026. Glep is $0 with no monthly fee, no per-user fee, no transaction cap, $0 same-day ACH, wires, RTP and FedNow, and a 3% FX fee on international card transactions.

At Wells Fargo, each entity opens its own account with its own fee to waive, with additional Navigate accounts fee-free and five accounts included on Optimize. On Glep, every LLC lives under one login with its own account, cards and records, each team member sees only the entities you give them, and every property gets a sub-account with its own account number, all free.

Yes. The project budget is the card's limit, the card declines when it is used up, and the purchases are already filed against the project by the time you look. Wells Fargo's debit and credit cards are subject to approval, and its business pages list neither a project cap nor entity-scoped team access, so the oversight is yours to assemble.

Keep the ledger you have; Glep feeds it transactions that already name their property and entity. Wells Fargo lists no property-level tracking, no categorization and no entity-scoped team access, so the per-property picture is assembled from statements once the month is over.

Yes, which matters most on the days nobody is at a desk: a receipt at the supply counter, a card frozen from the site, an approval given between visits. Wells Fargo Mobile covers the account, and with no entity-scoped team access and no expense policies listed, there is little for a crew member to hold on a phone.

No. Keep it for branch access, cash deposits and lending; Glep replaces the layer above the account, not the account. Open a Glep account online with your US business entity and EIN, add each LLC, open sub-accounts for your properties and issue cards, and start with one property or one active deal. Wells Fargo's $10, $25 or $75 monthly fee is waivable and five accounts are included on Optimize, so leaving it open can cost nothing.

If your business is a set of properties held in a set of entities, Glep is built around that structure: an account per LLC, a sub-account per property, Aida tagging every transaction to the property it belongs to, and contractor cards that stop at the budget. Contractors and developers get the same structure for projects, draws and crews, and pay subs at $0 by same-day ACH, wire, RTP or FedNow. If your business is outside real estate but runs money across several entities, projects or vendors, Glep gives you multi-entity management, entity-scoped team access, sub-accounts with unique account numbers, approval workflows and unlimited cards on the free plan, with no monthly fee to waive and no transaction cap. Start with one property or one project and move the rest on your own schedule; there is no contract and no lock-in.