Posted by Chuck on February 7, 2018
Checking Accounts

Published on February 7th, 2018 | by Chuck

275

[Expired] Wells Fargo $200 Checking Bonus; Direct Deposit Required

This deal has expired, click here for the best current checking bonuses.

Update 02/06/18: This stopped working after we first posted it, it’s now working again. Keep in mind there is another offer with no direct deposit requirement but only available in select areas. Hat tip to reader Gadget.

Update 01/24/18: Deal is back and valid until March 22nd, 2018. Hat tip to reader YAR

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Nationwide, apart from the following states: AA, AE, AP, AS, GU, HI, KY, LA, MA, ME, MI, MP, NH, OK, PR, RI, VI, VT, and WV
  • Direct deposit required: Yes
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: Mixed reports, likely doesn’t pull
  • Credit card funding: Can fund up to $50 online
  • Monthly fees: $10, waivable 
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: December 7, 2017 March 22nd, 2018

The Offer

Direct link to offer

  • Receive a sign up bonus of $200 when you open a new Everyday checking account with Wells Fago and have $500 direct deposited into the account for three consecutive months within 150 days of account opening

 

Eligibility

Enter your zip code to check eligibility. I checked around the country and it seems to be working everywhere.

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)
  • Online only
  • Initial deposit of $25 required during account opening
  • A qualifying direct deposit: Your salary, pension, Social Security, or other regular monthly income, electronically deposited (by an employer, the government or an outside agency) to the account opened for this offer. A non-qualifying deposit: Transfers from one account to another, deposits made at a branch or ATM, and deposits from payments for the sale of goods or services.
  • 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
  • Offer available on wellsfargo.com only and not available in AA, AE, AP, AS, GU, HI, KY, LA, MA, ME, MI, MP, NH, OK, PR, RI, VI, VT, and WV.
  • 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

I suspect most people will be ineligible for this deal due to doing other bonuses last year (none of these are valid anymore):

 

  • The one discussed in this post; $200 bonus with 3 x $500 direct deposit requirement
  • There’s a $300 offer in select areas; that one is similar to the one outlined in this post, though the direct deposit requirement is $1,500 instead of $500
  • There’s a $200 offer in select areas; that one doesn’t have a direct deposit requirement, just an easy debit card usage requirement

This deal isn’t as good as those as it has the direct deposit requirement and it isn’t for $300, but it’s still a pretty good deal. We’ll add this to our list of Best Bank Bonuses.

Hat tip to reader James



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bmanamex
bmanamex

Does anyone remember that DP from someone who got 2 bonuses within a year of each other?

TWoK
TWoK

I have thus far been able to get 2 bonuses this calendar year.

Avi
Avi

Same here. $250 bonus and then a $500 bonus a few months later.

MoreSun
MoreSun

I tried for a second bonus from them this year in a qualifying zip code and did not receive the bonus.

kirk
kirk

hopefully you still remember but did the bonus language appeared on the last page of your approved online app and if you also received an email stating that you were eligible for the bonus?

just trying to gather some dps for wf bonuses. thanks in advance.

MoreSun
MoreSun

Yep, had the confirm on the last page and the email confirmation.

kirk
kirk

thanks for the reply. mixed dp then with the 12 month language. seemed like it was enforced in your case. tsk.

Justin
Justin

I got 2 of the older $250 bonuses earlier this year. 2 for me and 2 for the wife. It was defiantly not enforced then. I think it was about 15 days in between the account opening dates.

Guy Bucktastik
Guy Bucktastik

Ya, me and my so. May 2016 and then jan2017. We both got both bonuses.

I’m going to try again here. I’ll let ya know how it goes.

azpv
azpv

@Guy Bucktastik how did it go, did you get the bonus even though it hadn’t been 1 year?

JT
JT

About damn time! Thanks DoC.

Darv
Darv

The 12 month restriction was not enforced last time. I went ahead and applied for a new account, approved. Will report back results. Thanks for the notice.

Eric
Eric

Any updates? I also opened one <12 months ago and looking to apply again.

Darv
Darv

I opened mine but requirements are three months of $500 DD. No bonus posted yet for me. Wife did a different offer and she just completed her requirements. Turns out she had to do two mobile wallet payments, those are still pending, hopefully bonus posts right after that. She also got bonus from Wells earlier in the year, so if hers posts, mine (and yours) should too.

Darv
Darv

My wife’s bonus did not post within three weeks so she shuttered hers and I shuttered mine. Mine involved three months of stuff and I wasn’t going to keep doing that for a low chance of success. Hers required one $500 DD and two mobile wallet transactions and her DD was genuine, so it looks like Wells got wise with the repeat bonus customers.

I’ve done Wells checking bonuses the past couple years, 4-5 accounts for me and 3-4 for my wife. Usually the bonuses posted within a few days or maybe a week.

Jim
Jim

Hmm, are you referring to a previous offer?

The present ongoing one started in mid October, so with 3 months of DD, soonest the bonus would hit is ~January

Darv
Darv

I don’t know which one I did–either the 3x $500 direct deposit over three months or the 3x 10x debit card transactions (I forgot which one I did so I was doing both). Hers was a targeted offer, she got it in the mail. I didn’t meet the requirements obviously but she did, and she waited for her latest statement to cut in case that mattered. Nothing, so she shuttered it.

Eric
Eric

Thanks for the update! I guess I’ll wait until my 12 months are up.

RP
RP

did you close the previous account?

Joe
Joe

Will Opening a Fargo account effect 5/24 with Chase ?

Dave_B
Dave_B

5/24 refers to the number of credit cards accounts opened within the last 24 months. (also being added as an AU to a credit card)
It does not refer to hard pulls, bank accounts, or any other activity.

MarcoPolo
MarcoPolo

Household limit: None ?

Vince Wang
Vince Wang

I got the bonus in 2016, and still have the checking account. If I close my account now and apply for a new one, it seems that I still qualify for the bonus, right?

Josh
Josh

Same question here. I opened the checking account 3 years ago and wonder if I cancel the account and reopen it after several days, then can I get the bonus?

Ken
Ken

Curious too.

MarcoPolo
MarcoPolo

Unless someone tried you’ll never know.
As the saying goes ” be the data point you want to see” 🙂

Jamesheine
Jamesheine

I was denied the signature card because of to many acvounts a few months back. I heard WF values existing relationships so could this help my chances if I aplly again

EmergDoc87
EmergDoc87

i was denied the signature card and called in and the decision was reversed

P
P

I was denied the signature card even though email approval said that it was the signature card and I applied for the signature card. They sent me the regular card. After many emails and complaints including escalating it to a Manager to review what I applied for and what I got approved versus what card they opened and sent to me, they finally went back and credited me 5x on grocery purchases.

Daimon jacobs
Daimon jacobs

Anyone getting the “We are unable to process your request at this time call for assistance “?

Frank
Frank

Me too. Same message.

jamesheine
jamesheine

Yep

Freak
Freak

I get an error message with my zip code. How do I apply. Change zip code to working location?

jamesheine
jamesheine

I googled closest wells fargo atm and entered zip code on main screen. I was able to go through and get approved

Charlie
Charlie

After approval, were you able to get confirmation from Wells that the offer is attached to your account? Would be kind of annoying to get rejected for the bonus because of the zipcode workaround.

jamesheine
jamesheine

I got verbal confirmation on the phone, no way to get anything in writing. I am going to call back after my first DD goes through

jamesheine
jamesheine

Just got my bonus…it worked

Shane
Shane

◾Receive a sign up bonus of $200 when you open a new Everyday checking account with Wells Fago and have $500 direct deposited into the account for three consecutive months within 150 days of account opening

So, does this mean it needs to be $500 each month for 3 months totaling $1500? I am confused.

Shane
Shane

Nevermind, please delete this! I see now.

kirk
kirk

i plan on closing the one i have right now ($150 bonus that already posted) and open this $200 nationwide deal before the dec. 7 deadline. *the other two deals, my zip is not eligible.

btw are you guys using the same login when you guys sign up for a new one?

Jon
Jon

Am I allowed to direct deposity 250$ every 2 weeks instead of $500 a month? My company had bi-weekly payout.

kirk
kirk

see below. *sorry mod

kirk
kirk

yes

“Within 150 days of your account open date, your account must receive TOTAL qualifying direct deposits of AT LEAST $500 PER month for three consecutive months.” as per the terms from the site.

jamesheine
jamesheine

Wondering where you found that exact language. I called them to verify and they said a deposit of $500 each month

kirk
kirk

oh c’mon man! but here yah go ~

go to ~ ‘Direct link to offer’ (above) and do find/search of that exact quote and it should show up. *it’s the second bullet under ‘Everyday Checking Bonus Qualifications:’

Brian Williams
Brian Williams

Yeah I read that as $500 per month for each of the 3 months.

EmergDoc87
EmergDoc87

Wells Fargo is possibly America’s least ethical bank. I am excited to be using them for the $400 bonus for the CC and the $200 for this account and then dumping them

KP
KP

Right on. I want to sign up for Wells accounts and get the bonus and ditch them as well. It’s called Poetic Justice.

Lisa
Lisa

Do the waive first months fee while setting up direct deposit?

MarcoPolo
MarcoPolo

Yes @Lisa (based on previous promotion)

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