Posted by William Charles on January 13, 2016
Bank Account Bonuses

Published on January 13th, 2016 | by William Charles

83

[Expired] Wells Fargo $100 Checking Bonus – Available Publicly & Nationwide – Direct Deposit Optional

Reposting because the EATF is definitely not charged anymore.

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Nationwide (some areas may be restricted, enter your zip code to find out)
  • Direct deposit required: Optional, must be $500+ if chosen (see what counts here)
  • Additional requirements: 10 debit card transactions or direct deposit
  • Hard/soft pull: Soft
  • Credit card funding: Up to $50 (used to be $500)
  • Monthly fees: $10, waivable 
  • Early account termination fee: None
  • Expiration Date: February 22, 2016

The Offer

Direct link to offer

  • Receive a $100 sign up bonus when you open a Wells Fargo checking account and complete the following requirements:
    •  Open a new, eligible consumer checking account with a minimum opening deposit of $50 (not including the bonus) in a store (can also be opened online, looks like it’ll pre-populate the promotional code ‘PROSQ1’) by February 22, 2016
    • Complete one of the following: 10 debit card purchases or payments or establish a qualifying direct deposit of $500 or more

wells fargo $100 bonus

The Fine Print

  • Requirements must be completed within 60 days of account opening
  • We will deposit the bonus into your new checking account within 45 days after eligibility and qualifications have been met
  • Offer available in all Wells Fargo stores, online at wellsfargo.com/100offer, or by phone at 1-800-932-6736
  • All consumer checking accounts except Teen CheckingSM are eligible for the $100 bonus
  • You cannot be: An owner, or joint owner, on a Wells Fargo consumer checking account in the past 6 months, A Wells Fargo team member, A recipient of a consumer checking bonus in the past 12 months
  • A qualifying direct deposit is your salary, pension, Social Security, or other regular recurring monthly income of an accumulated $500 or more

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

Early Account Termination Fee

Update: This definitely isn’t charged anymore.

In the past, there was always an early account termination fee of $25 if you close your account within six months of opening. It’s being reported (1, 2) that they may have dropped this fee; if true, you can close right after the bonus posts.

Our Verdict

Wells Fargo has offered $100 in the past (and even offered $200 in the past) the main reason that people are interested in the Wells Fargo checking accounts is that they usually want you to have a deposit account relationship with them before approving you for one of their credit cards. They have three cards most people are interested in:

I really like this bonus because the direct deposit is optional and it’s available nationwide. Because of that we’ve added it to our list of the best bank bonuses currently available. We’ve also added it to our database of bonuses.

Hat tip to reader John



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Ted
Ted

Fidelity cash management counts as direct deposit.

See my comment in the comments here for bonus time line info too
https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/#Wells_Fargo

Sa
Sa

So, should I wait for the $200 then? Not clear what is your recommendation. Thank you for the food tips.

Miguel M
Miguel M

This must be opened at a branch? Can’t do it online? Darn. And they’re waving the ETF $25 for everyone?

Sa
Sa

There appears to be a promo code required when you open this account. The application page auto-populates that field as “PROSQ1”, but check for yourselves.

Sa
Sa

Not nationwide! At least the on-line application cannot find my zip code in MA, where they do not seem to have any branches.

P
P

Does anyone know if “nationwide” includes Hawaii or only continental US and Alaska?

Dan
Dan

Anyone ever had any issues funding a new account with money orders? I’m thinking of opening this account and funding with $3-5k in money orders. Would be weird if they accepted them, then closed down the account shortly afterwards for suspicious activity. Just trying to see if anyone have any experience with this?

Fred
Fred

whats your recc. on the fastest way to get the 10 purchases? 10x $1 amazon GC’s?

Cal
Cal

Does anyone know if Discover or PenFed work for the direct deposit requirement?

Vincent
Vincent

The fine print of “You cannot be- A recipient of a consumer checking bonus in the past 12 month” worries me!

mark o
mark o

Do Citi cards work for funding or do they charge cash advance for banks? Was thinking of using the reserve towards the 10k spending.

Ken
Ken

@mark o – You can only do $50 CC funding, so it doesn’t really matter.

Mark O
Mark O

That is true…I did a search and Citi charges cash advance anyways…barclay it is!

Ken
Ken

Applied and account conditionally approved. No account info supplied, will wait for hard approval.

Catapult
Catapult

“At this time, we are unable to complete your application and must refer you to your nearest Wells Fargo branch to open the account…..”

Resident. Not Citizen.

Dan
Dan

If you mean a Permanent Resident (green card), I was able to open an account online.

Jeremiah
Jeremiah

Anyone have any idea about how long after opening the account we can apply for one of their cards? I’d really like to pick up the Propel before the end of the month, but I’m not sure how feasible that would be.

Ken
Ken

Do I need to wait till the debit card arrives to setup online access? I don’t remember picking usernames or passwords when opening the account.

Mark O
Mark O

I think so…I got the email for online access but no details to set it up. I guess you could call to get your account number but I am just gonna wait till the card comes.

Ken
Ken

I also received the “congratulations for setting up online access” email, but there’s no username/password to use. I tried the forgot username/password and when I ented my DOB, SSN, and email I get a not found error. I’ll just wait for the card and PIN to show up.

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