Posted by Chuck on May 19, 2017
Bank Account Bonuses

Published on May 19th, 2017 | by Chuck


Wells Fargo $150 Checking Bonus [Select Areas Only]

Offer at a glance

The Offer

Direct link to offer

  • Receive a sign up bonus of $150 when you open a new checking account with Wells Fago and within 60 days complete both of the following two requirements:
    • Make 10 debit card purchases/payments.
    • Make two purchases that total at least $10 using the Wells Fargo Debit Card loaded to your mobile wallet.


Geographic Eligibility

Enter your zip code to check eligibility. The following areas are eligible:

Atlanta, GA; Austin, TX; Boise, ID; Charlotte, NC; Colorado Springs, CO; Columbus, GA; Denver, CO; Fresno-Visalia, CA; Ft. Wayne, IN; Greensboro, NC; Greenville, NC; Greenville, SC-NC; Harrisburg, PA; Hartford & New Haven, CT; Jacksonville, FL; Las Vegas, NV; Minneapolis-St. Paul, MN; Monterey-Salinas, CA; Norfolk, VA; Omaha, NE; Philadelphia, PA; Phoenix, AZ; Reno, NV; Richmond-Petersburg, VA; Roanoke-Lynchburg, VA; Sacramento, CA; Salt Lake City, UT; Seattle-Tacoma, WA; Spokane, WA; W. Palm Beach, FL.

The Fine Print

  • Not eligible for bonus if you are: 1) a current owner on a Wells Fargo consumer checking account; 2) a Wells Fargo team member; 3) a recipient of a consumer checking bonus in the past 12 months (limit 1 bonus per customer)
  • Bonus available in-branch or online
  • Initial deposit of $25 required during account opening
  • Transactions at an ATM or purchases/payments made using your checking account number and routing transit number through the Automated Clearing House (ACH) do not count as a debit card purchase/payment
  • The mobile wallet purchases can be made with Wells Fargo Wallet for Android, Android Pay, Apple Pay or Samsung Pay
  • Offer cannot be  paid without providing a valid (W-9) and U.S. taxpayer ID number
  • Offer can not be combined with any other consumer deposit offer
  • Bonus will post to your new checking account within 45 days after eligibility and qualifications have been met
  • You are responsible for any federal, state, or local taxes due on your bonus and we will report as income to the tax authorities as required

Avoiding Fees

Monthly Fee

The Everyday Checking account comes with a $10 monthly fee. Get the fee waived with one of the following:

  • 10 debit card purchases and/or payments each statement cycle from this checking account, OR
  • Direct deposits totaling $500 or more each statement cycle, OR
  • Maintain a $1,500 minimum daily balance, OR
  • Link checking account to a Wells Fargo Campus ATM or Campus Debit Card

If you have a Wells mortgage, you might be able to get a higher-level account with no fees.

Early Account Termination Fee

There is no early account termination fee.

Our Verdict

Hopefully, most readers got in on the $250 Wells bonus earlier this year which disqualifies them from this bonus, as per the terms. If not, this is an easy $150 bonus.

I’m skeptical if we’ll see the $250 back, but who knows or maybe it’ll be back as a more targeted thing. Maybe the best plan is to keep an eye on this one until September (when it expires) and then pull the trigger if nothing better surfaces by then.

We’ll add this to our list of Best State-Specific Bank Bonuses.

Hat tip to r/churning


Useful posts regarding bank bonuses:

29 Responses to Wells Fargo $150 Checking Bonus [Select Areas Only]

  1. trevor says:

    Anyone know how strict are they on the 12 months? Got a bonus in June 2016… is it 12 months? 365 days?

    • MontyFC says:

      Can’t say about this particular offer, but my SO received $250 promo in Feb and $500 promo in May. She closed the first account and opened the new one after 3-4 weeks.

      • Anna says:

        Damn, how did I miss the $500 promo?

        • Gadget says:

          It wasn’t on most people’s radar because it clearly said it was targeted, and came out when everyone was sucking up the $250’s. That, I think it required gobs of cash, and wasn’t known for sure if you could deposit/withdraw to rinse/repeat enough times to get the bonus.

  2. Dave says:

    There doesn’t seem (?) to be a residency restriction, i.e. I happen to visit one of the specified towns, and could open an application in-branch with the confirmation code that was emailed to me?

  3. James says:

    Anyone get a bonus while having a currently open account?

  4. Nick says:

    So I don’t live in a eligible area, but if I put in a valid zip code, it lets me through to the next page where you are asked to put in your zip code again. On that page, I put in my actual, ineligible zip code and I am able to move forward and apply for a checking account with the promo code ‘LOOK17’ attached. I am wondering if I will still get the bonus if I open up the account this way… any thoughts?

    • Nick says:

      I went ahead and opened an account, pending verification. Will have DP soon if opening is successful.

      • trevor says:

        Just curious – where do you see the promo code was attached? I got to the point of putting funding info, but didnt see any code to backed out for now.

        • Nick says:

          As long as you see it before you start application, you are fine. It shows on the 2nd page that says ‘Enter offer details ‘ where you have to enter your zip code again. It also confirms it in the confirmation email and lists out the requirements to receive the bonus. Hope this helps!

      • Josh says:

        Mine opened sucessfully in an invalid zip code. Now to get the bonus

  5. Darv says:

    I can confirm that I received multiple Wells Fargo $250 bonuses despite the restrictions in the terms and conditions. The 12-month language was not enforced in my situation.

    • James says:

      Did you close your previous accounts?

      • Darv says:

        I did and in light of DoC’s above suggestion, I will say that we–my wife and I–had a quite bad experience with these checking accounts so we decided to close them after a short period. They put a hold on one of hers and made her come into a branch to sort it out, and it ended up being ridiculous. So we closed our accounts. The hold was a fraud related concern, which likely stemmed from ACH transfers they thought were suspicious. All legit, but Wells was a pain for her. It sounds like they can be sensitive, not just my DP but from others I saw on Reddit.

        • Ann says:

          Can you say more about what kind of transfers set them off?

        • kt says:

          this I can related. wells fargo is very conservative. for a newly opened account they usually have a 2 weeks hold for each check you deposit. and they normally don’t approve credit card unless you have a quite amount of fund in your deposit accounts.

        • Eric says:

          You wrote “one of hers”. Are you saying that your wife had multiple checking accounts open at the same time and each received the $250 bonus?

  6. Jim says:

    I also did the $250 offer earlier this year, and decided to test my luck with this one. I was approved, and under my application info on the approval page appears the following:

    “Offer status: Your bonus offer code has been linked to this application.”

    Fingers crossed.

  7. Gadget says:

    Here is the DP I am interested in…

    Anyone else not able to use a mobile wallet? Will two “regular” store purchase swipes on the debit card work to trigger bonus?

    Background: My phone is not NFC capable – it does not have that chip, so mobile pay “tap” is not available to me. (Moto G4) And, before someone says I can still install the pay app and just buy two things online, the android pay app won’t install on my phone. Being a gadget geek, I rooted my phone when I bought it, and now because the bootloader is unlocked, the pay app won’t even install. Error says my phone cannot be trusted… I am sure there is a good joke there somewhere.

    • AM says:

      In the same boat as you. I asked a friend to use her iPhone for this purpose. I said I’d buy her a sandwich for free if she did. She said yes.

    • M. Smith says:

      I, too, don’t have a phone that will work with their mobile app. What’s the cheapest phone I can get that works with Android Pay?

  8. Jake says:

    Here’s the thing:

    All my Wells Fargo Debit Cards say “Valued member since 1998”. My parents opened a savings account for me the year I was born, and since I’ve used them as my primary bank. For the past year I’ve been going after bonuses, and actually like the banks I’ve signed up for. Wells Fargo is trash i comparison IMO. The only thing I like is since they are such a large bank, brokerage login/deposits and such can be done very quick. However, I now have a Chase account for that. On to my question….

    Is being a “Member” for that long even worth it? I’ve seen no added benefits to it. Should I close my account and in a few weeks go after this bonus? I don’t see a time restraint on accounts.

    • Gadget says:

      IMO, Having history with a bank can sometimes help with getting a loan or credit card when you are not a stellar credit risk – ie lack employment history or a missed payment/bounced checks very infrequently. However, if your credit is clean & you have an established FICO score, and you have good income, banks aren’t usually going to turn you away for whatever you want, within reason.

      Given that you are only about 19… your a higher risk. It might be better to chase bonuses elsewhere and keep your “clean record” with WF for now, unless you are “well-off” (know that you can get financing elsewhere or parents have good credit and can co-sign for the immediate future). Banks can be your best friend when you need them, or a real jerk if they desire. Personally, I keep my brick and mortar bank record clean, and churn everyone else that I can live without.

      But then again, no risk – no reward…. . Looking for DP’s at your age are going to be hard to come by. My current experience says banks are not keeping a good track of bonus chasers, but it’s anyone guess when that might change.

      • Jake says:


        Thank you for the reply and insight! That is good advice to keep in mind. You’re right as to why it may not be worth it, but that EASY $150 is realllly tempting me lol.

  9. Cole says:

    Anyone ever use one spouses (1) paycheck to deposit into another spouses (2) account, without spouse (1) being on the account? to manage to do DD? My wife doesn’t work outside the home.

    • Cole says:

      or can spouse 1 almost always be added as a joint without it breaking the terms of conditions for spouse 2? and managing to get double bonuses.

    • MarcoPolo says:

      Your wife have to open a separate account under her name in order to get the bonus.
      Joint account will NOT give you two bonuses.
      This account does not have a Direct deposit requirement but you can fund the money from your account or send them a check.

  10. Bhanna says:

    I live in an eligile area… applied online. CC funding is indeed limited to $50.

    Typically application proceses… maybe slightly shorter than most… After funding page was asked three personal verification questions that were pretty easy. After that, got to a page that says “Thank you for submitting your application, Bishoy. Application Reference Number: ______________________ Status: Once we verify your information for this account, we’ll email you the status of your application and send a follow-up letter by mail within 2 to 5 business days of our decision.”

    Also received an email saying more or less the same thing… Should hopefully be a pretty straight forward $150 in the bank…

    Have not had a WF account within the past 6 month.

    Have around 13-15 (?) recent inquires?? plus or minus

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