Offer at a glance
- Maximum bonus amount: $150
- Availability: Nationwide, must be selected and iOS only
- Direct deposit required: No
- Additional requirements: Five qualifying transactions
- Hard/soft pull: Unknown (most likely soft)
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None found
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Greenhouse by Wells Fargo is a mobile banking platform (similar to Finn by Chase). They are offering a bonus of $150 to selected participants. You must register your interest and then if chosen you receive a bonus of $150 if you complete the following requirements:
- Download and apply. Download the app and apply for the two Greenhouse accounts with a minimum opening deposit of $25. Accounts are subject to approval.
- Complete these tasks. Within 60 days of account opening, complete a total of 5 qualified transactions and complete a survey. Qualified transactions are:
- Greenhouse debit card transaction of at least $5
- Zelle® transaction from the Greenhouse app of at least $5
- Bill Pay transaction from the Greenhouse app of at least $25
- Enjoy your bonus. Your bonus will be deposited into your new Set Aside Account within 45 days after all requirements are met.
The Fine Print
- The GreenhouseSM app is available only for Apple iPhone 6 or higher, running iOS 10.3 or higher. Your mobile carrier’s message and data rates may apply.
- Offer cannot be:
- Paid without providing a W-9 and valid U.S. Taxpayer Identification Number
- Reproduced, purchased, sold, transferred, or traded
- We will deposit the $150 bonus into your Set Aside Account within 45 days after eligibility and qualifications have been met.
- You are responsible for any federal, state, or local taxes due on this bonus payment. We will report the payment as income to the tax authorities if required by applicable law. If you have questions, please consult a tax advisor.
Avoiding Fees
Monthly Fees
These accounts have no monthly fees during the beta period
Early Account Termination Fee
I didn’t see mention of an early account termination fee in the fee schedule.
Our Verdict
Basically they give you two accounts, one is a ‘set aside’ (savings account) and another is a ‘spending account’ (checking account). I love how these banks think they are reinventing the wheel whenever they try and market something towards millennials. That being said this bonus seems to be ridiculously easy to meet the requirements for. I don’t see anything in the fine print that prevents you from getting the bonus if you’ve received a Wells Fargo checking bonus before, but I guess they could just not select you. I think it’s worth trying if you have an iOS eligible device.
Big thanks to reader, Ken who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
