Deal has expired, view more bank bonuses here, including a $400 Wells Fargo offer.
Offer at a glance
- Maximum bonus amount: $200
- Availability: Dallas, TX, Orlando, FL and Phoenix, AZ only. It will say if your zip is eligible on the landing page
- Direct deposit required: Optional
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Mixed reports, likely doesn’t pull
- Credit card funding: Can fund up to $50 online
- Monthly fees: $10, avoidable
- Early account termination fee: None
- Household limit: None
- Expiration date: February 28th, 2019
Contents
The Offer
- Wells Fargo is offering a $200 bonus when you open a new everyday checking account and complete one of the following requirements:
- Set up and receive at least three consecutive monthly direct deposits of $500 each within 150 days of account opening.
- Use your Wells Fargo Debit Card to make 10 posted purchases or payments each month of at least $1, for three consecutive months within 105 days of account opening.
The Fine Print
- All consumer checking accounts except Teen CheckingSM are eligible for the $200 bonus when opened in a branch. The prepaid Wells Fargo EasyPay® Card is not eligible.
- Everyday Checking is the only eligible account for the offer when opened online. If you do not qualify for Everyday Checking, but do qualify for Opportunity Checking®, this offer can still be applied to the Opportunity Checking account.
- You cannot be:
- A current owner on a Wells Fargo consumer checking account.
- A Wells Fargo team member.
- A recipient of a consumer checking bonus in the past 12 months (limit 1 bonus per customer).
- All consumer checking accounts except Teen CheckingSM are eligible for the $200 bonus when opened in a branch. The prepaid Wells Fargo EasyPay® Card is not eligible.
- Everyday Checking is the only eligible account for the offer when opened online. If you do not qualify for Everyday Checking, but do qualify for Opportunity Checking®, this offer can still be applied to the Opportunity Checking account.
- You cannot be:
- A current owner on a Wells Fargo consumer checking account.
- A Wells Fargo team member.
- A recipient of a consumer checking bonus in the past 12 months (limit 1 bonus per customer).
-
OR
- Within 105 days of account opening, make a minimum of 10 posted purchases/payments per month, of at least $1 each, with your new Wells Fargo Debit Card for three consecutive months.
- 10 posted debit card purchases/payments within first 45 days.
- 10 additional posted debit card purchases/payments within the next 30 days.
- 10 additional posted debit card purchases/payments within the last 30 days.
- The 30 posted debit card purchases/payments must be from the primary linked consumer checking account opened for this offer.Included:
- Debit card purchases made using PIN, signature, online, phone or mobile wallet.
- Debit card payments including one-time or recurring. Examples: utility bill/gym membership.
Not Included:
- Any transaction at an ATM (Wells Fargo or non-Wells Fargo). Automated Clearing House (ACH) transactions. ACH transactions are set up using your checking account number and routing number—NOT a debit card number.
- Offer subject to change and may be discontinued at any time.
- Offer available only in the following participating locations: Dallas, TX, Orlando, FL and Phoenix, AZ, and online at www.wellsfargo.com/bonusoffer
- Within 105 days of account opening, make a minimum of 10 posted purchases/payments per month, of at least $1 each, with your new Wells Fargo Debit Card for three consecutive months.
- 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
This deal is worth doing if you live in a targeted area, sometimes it’s available nationwide but it’s always pulled quickly when that’s the case. They have offered bonuses of $250 and $300 in the past though, but those are rare and usually require direct deposit. I’ll be adding this to the best state restricted checking bonuses.
Big thanks to reader, Aggie12 & newbie 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
