Wells Fargo $400/$825 Business Checking Bonus

Offer extended to 9/2

Offer at a glance

• Maximum bonus amount: $825
• Availability: Nationwide
• Direct deposit required: None
• Additional requirements: None
• Hard/soft pull: Soft
• ChexSystems: Mixed reports, likely doesn’t pull
• Credit card funding: None
• Monthly fees: $10, avoidable
• Early account termination fee: None
• Household limit: None
• Expiration date: June 30, 2025

The Offer

Direct link to offers: $825 | $400

• Wells Fargo is offering two business checking bonuses. Both bonuses require opening a Initiate Business Checking account.
  • $400 bonus when you deposit $2,500 or more to your new business checking account by day 30 and maintain a minimum daily collected balance of $2,500 through day 60 after account opening
  • $825 bonus when you deposit $25,000 or more to your new business checking account by day 30 and maintain a minimum daily collected balance of $25,000 through day 60 after account opening

The Fine Print

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The Initiate Business Checking account has $10 monthly fee which is waived if you have one of the following each fee period:

• $500 minimum daily balance, OR
• $1,000 average ledger balance

Early Account Termination Fee

There is no early account termination fee mentioned.

Our Verdict

Not as good as the previous $1,500 in branch offer, but that was back in 2022 so I’m not sure we will see that again. With this new bonus you’re basically needing to hold the funds in there for 30 days (realistically a little longer to deal with transfers). Both bonuses are worth doing given the returns, the one you prefer will depend on how much cash you have on hand. Will add this to our best business checking bonus page.

Hat tip to reader Matt F

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
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• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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