Posted by William Charles on February 6, 2019
Bank Account Bonuses

Published on February 6th, 2019 | by William Charles

35

[YMMV] Wells Fargo $200 Checking Bonus – Direct Deposit Not Required

Reposting as it seems like it’s working in areas not in Dallas/Ft. Worth, Orlando and Phoenix. Try your zip and see if it works.

Offer at a glance

The Offer

Direct link to offer

  • Wells Fargo is offering a bonus of $200 when you open a new Wells Fargo checking account and complete either of the following requirements:
    • Direct:
      • Within 150 days of account opening receive cumulative monthly direct deposits of $500 for three consecutive months.
    • Debit card, within 105 days of account opening complete ($1 minimum per debit card transaction):
      • Any combination of 10 posted debit card purchases or posted debit card payments within the first 45 days after opening your account;
      • 10 additional posted debit card purchases or posted debit card payments (in any combination) within the following 30-day period; AND
      • 10 additional posted debit card purchases or posted debit card payments (in any combination) within the final 30-day period.

The Fine Print

  • This offer is intended for new checking customers only. You must have a valid bonus offer code. You are not eligible for this offer if:
    • You are a current owner of a Wells Fargo consumer checking account.
    • You are a Wells Fargo team member.
    • You have received a bonus for opening a Wells Fargo consumer checking account within the past 12 months.
  • Open a new, eligible consumer checking account with a minimum opening deposit of $25 by February 28, 2019. All account applications are subject to approval.
  • A qualifying direct deposit is the customer’s salary, pension, Social Security, or other regular monthly income, electronically deposited through the Automated Clearing House (ACH) network by your employer or an outside agency.
  • A non-qualifying direct deposit for purposes of this offer include transfers from one account to another (for example, transfers between your own accounts, or person-to-person transfers using a transfer service such as Zelle®), or deposits made at a branch or ATM, or through mobile deposit.
  • We will deposit the bonus into your new consumer checking account within 45 days after meeting all offer requirements.
  • The new checking account must remain open in order to receive any earned bonus payments.
  • You are responsible for any federal, state, or local taxes due on the bonus and we will report as income to the tax authorities if required by applicable law. Consult your tax advisor.
  • Offer expires February 28, 2019.
  • Offer available in Dallas/Ft. Worth, Orlando and Phoenix area Wells Fargo branches, or online at www.wellsfargo.com/bonusoffer.
  • Offer subject to change and may be discontinued at any time without notice.
  • Offer cannot be:
    • Paid without a valid U.S. Taxpayer Identification Number (W-9).
    • Combined with any other consumer deposit offer (limit one bonus per customer/account).
    • Reproduced, purchased, sold, transferred, or traded.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

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

Fine print says it’s valid in Dallas/Ft. Worth, Orlando and Phoenix area branches, or online. But if you try to open online outside of those areas it gives an error message. There are some other checking bonuses Wells Fargo offers:

Some people might prefer this $200 bonus to the $250 bonus that was offered recently as this one has no direct deposit requirement. Because of that and the fact that the $300 bonus is no longer available I will be adding this to our list of the best bank account bonuses.

Big thanks to reader, DCJoe & Aggie12 who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



35
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Sean
Sean

If I received a bonus April 2018 and I opened the account in February 2019,

It wouldn’t have been a full year since I received the bonus, but it would be a full year once I hit the requirements for this bonus.

Does anyone know how Wells does this?

Mike Advantage
Mike Advantage

Same question here. Looks like from my records, my last Wells Fargo checking bonus was from February, 2018 and closed account in March, 2018. Can we apply for this new account now and be eligible for the bonus?

Shalom
Shalom

Why are you saying this is for Dalls/Ft.Worth, Orlando and Phoenix only? I don’t see anything in the direct link to the offer that says it’s limited to specific locations. I’ll appreciate a reply cause I intend to apply online but I’m not from this locations, so I won’t give it a try if I know in-advance it’s gonna fail. Thanks much

B.S.
B.S.

The first page of the app asks for a zip code to determine eligibility. Put in your zip code you’ll be applying from and check. It’s easy. So far I’ve seen reports it works in Seattle and DC.

Reg
Reg

William Charles The geographic limits are not accurate in the title. The fine print says those cities or online at: https://www.wellsfargo.com/bonusoffer

I don’t know the exact geographic limit, but when I checked a zip code, that was way outside any of those cities, the eligibility checker said it was available.

I would suggest changing to YMMV / check eligibility.

Shalom
Shalom

This info is from their online offer:
——–
Offer expires February 28, 2019.
Offer available in Dallas/Ft. Worth, Orlando and Phoenix area Wells Fargo branches, or online at http://www.wellsfargo.com/bonusoffer.

————-

I think it means that it’s available for this locations in-branch also, but available to everyone online. You agree? Disagree?

Thanks.

Information Booth
Information Booth

It’s a no for MI… good luck to the rest of my churning family… John 3:16

AL
AL

Entered a Dallas zipcode, but then the app form allows the enter whatever address. Thoughts on bonus being honored if a different area zipcode is used?

googlre10
googlre10

Not available in MA zipcodes.

projectx
projectx

No love for CVG area

DCJoe
DCJoe

Glad to help! Was happy to avoid opening in branch- took almost an hour to open a business account in-branch. Glad to take 5 minutes doing it online.

Cady
Cady

It’s a no-go in San Diego

Cesar
Cesar

Are you sure, I open mine in San Diego. I got the code by pulling money out at a branch Atm. A few days later they mail me a code as well.

Mike$
Mike$

I live in Northern Virginia. Signed up online today and I was approved. This is an easy bonus to get. However, it looks like it wilk take five months to receive the bonus.

I will most likely do 10 amazon gift balance reloads for $1 each. After doing that three months in a row I should get the $200 bonus within 45 days.

Cesar
Cesar

That’s what I’m doing

9ballAJ
9ballAJ

Seattle zip code worked on the eligibility checker. I’m not eligible, so I did not complete the application.

Linda
Linda

Not available in Tampa Bay.

Jennifer
Jennifer

Same in Sarasota, FL.

B.S.
B.S.

Seems to be available in Seattle and DC.

Guy who buys stuff
Guy who buys stuff

Not working in San Antonio or Austin ZIPs.

Back to Top ↑