Posted by William Charles on February 11, 2018
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Published on February 11th, 2018 | by William Charles

13

[Targeted] Wells Fargo $500 Business Checking Bonus

Offer at a glance

  • Maximum bonus amount: $500
  • Availability: Nationwide but targeted
  • Direct deposit required: No
  • Additional requirements: Deposit $500 within 60 days of account opening
  • Hard/soft pull: Soft
  • ChexSystems: Mixed reports
  • Credit card funding: Can normally fund $50 online, not sure what in branch funding is like but I imagine it’s not available.
  • Monthly fees: $14
  • Early account termination fee: None
  • Household limit: None listed
  • Expiration date:  April 2nd, 2018

The Offer

No direct link to offer

  • Wells Fargo is offering a bonus of $500 when you open a new Business Choice or Platinum Business checking account when you complete the following requirements:
    • Deposit $2,000

Avoiding Fees

Business Choice Checking $14 Monthly Fee

This is the easier of the accounts to keep fee free. It has a monthly fee of $14 that is waived if you do any one of the following:

  • Maintain a $7,500 average ledger balance
  • $10,000 in combined balances (business checking, savings, CDs, and credit)
  • 10 or more posted business debit card purchases/payments. This includes posted debit card purchases or posted debit card payments of bills from this checking account. This does not include transactions at an ATM
  • Linked to a Direct Pay service through Wells Fargo Business Online Banking
  • Qualifying transactions from a linked Wells Fargo Merchant Services account
  • Qualifying transactions from a linked Wells Fargo Business Payroll Services account

You’re also not charged the monthly fees for the first 60 days/two statement cycles.

Early Account Termination Fee

There is no early account termination fee.

Our Verdict

This is even better than the $300 public bonus that’s currently available. Fingers crossed that Wells Fargo get desperate and make this is a public offer as well. If you do this in branch, don’t forget to add the $500 business credit card bonus as well. As it might be possible to get that card without a hard pull.

Big thanks to reader, JASON who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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13 Comments on "[Targeted] Wells Fargo $500 Business Checking Bonus"

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ppsh
ppsh

Any word on how churnable this is, especially for those who got in on the $300 biz checking bonus recently?

SamSimon
SamSimon

I think they have language “1 bonus per 12 months”
I’m not 100% sure if they enforce it! Please if you find out the answer or will try to get it – let us know.
Thanks!

Alexander
Alexander

Link still goes to $300 offer for me.

Gary
Gary

Any suggestions on how one can get ‘targeted’?

SamSimon
SamSimon

The link is for $300 offer though…

mark
mark

$300

Jordan
Jordan

I opened it over the phone with a $300 credit card deposit. Process took 3.5 hours. I received direct mailing.

Chris Paternite

3.5 Hours!? That’s long by any standards no? I’ve spent maybe 1.5 doing a Bank Account in branch but I suppose if you don’t have to leave the house…

Gibunono
Gibunono

(deleted)

Gibunono
Gibunono

Can the targeted code be shared?

Avi
Avi

I received the same $500 offer, but mine expires April 16 instead of April 2. I’m currently a Wells Fargo business customer though, and I received the $300 bonus on that only a few months ago, so I don’t know how targeted this could actually be. Any harm in me sharing my offer code? It’s only 6 letters/digits long. I don’t plan on using it.

Easymoney
Easymoney

Help~ Can someone share their offer letter to me?
Went to branch today. The banker told me that they can not open an account with this $500 promotion. The banker told me that he cannot find my name or company on some kind the list or system. He want me to present the original offer letter and he needs the personal bonus code on it.

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