Wells Fargo Offering $200 Bonus for New Checking Accounts
Wells Fargo is once again offering a signup bonus for new checking account. This offer is available online and in-branch but only in select cities. There’s no direct deposit required, only debit purchases.
The Offer
Here’s how to qualify for your $200 bonus:
- Open a new, eligible consumer checking account in a branch or an Everyday Checking account online, with a minimum opening deposit of $25, by June 29, 2018.
- For 3 consecutive months, make a minimum of 10 posted purchases/payments per month, of at least $1 each, with your new Wells Fargo Debit Card.
- 10 posted debit card purchases/payments within first 45 days from account open
- 10 additional posted debit card purchases/payments within the next 30 days
- 10 additional posted debit card purchases/payments within the last 30 days
Your $200 bonus will be deposited into your new Everyday Checking account within 45 days after eligibility and qualifications have been met.
Account Fees
The Wells Fargo Everyday Checking account monthly service fee is $10. It can be avoided with:
- $1,500 minimum daily balance
- $500 or more in total qualifying direct deposits
- 10 or more posted debit card purchases/payments
- A linked Wells Fargo Campus ATM or Campus Debit Card.
Key Terms
- You cannot be:
- A current owner on a Wells Fargo consumer checking account
- A Wells Fargo team member
- A recipient of a consumer checking bonus in the past 12 months (limit one bonus per customer)
- Offer available only in the following participating locations (branch and online): Austin, TX; Charleston, SC; Charlottesville, VA; Columbia, SC; Columbus, GA; El Paso, TX-NM, Fresno-Visalia, CA; Ft. Myers-Naples, FL; Greensboro, NC; Greenville, SC-NC; Harlingen, TX; Houston, TX; Idaho Falls, ID; Las Vegas, NV; Reno, NV; Roanoke-Lynchburg, VA; Savannah, GA; Tampa, FL; Tucson (Sierra Vista), AZ; West Palm Beach, FL.
Analysis
Wells Fargo has run a similar promotion in the past, and actually they had an even better bonus of $250 earlier in the year. If you already got that bonus, you do not qualify, since you can only get one Wells Fargo consumer checking bonus per 12 months.
To get this bonus you just need to open an Everyday Checking account by June 29th with at least $25 and complete 10 purchases/payments per month for the first three months. They need to be at least $1 each. You need to keep a $1,500 minimum daily balance to avoid the $10 monthly charge.
Conclusion
This is a nice bonus that can be done from home. But it is only available in select cities. Requirements are easy to meet, so even if you not familiar with bank bonuses, this one could be a good first step.
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Well howdy do, I’ve been a loyal Wells Fargo customer since 1989 when it was first Union and I don’t get any benefits from them at all so how is this fair to people who have had their accounts for 40 or 50 years? Foul Play Wells Fargo
I signed up with wells fargo and have yet to recieve my bonus
Did you do the 10 debit transactions each month? What did they say when you reached out and asked about why the bonus hasn’t been paid? You should have received it sometime in November most likely.
[…] working for a few weeks. Keep in mind the minimum debit card amount must be at least $1. Hat tip to MtM for making us aware of the offering being […]
I’m in one of the targeted cites, but I wouldn’t touch Wells Fargo with a ten foot pole. That bank is toxic.
You may end up with multiple accounts. But only get bonus for the one you know you opened.