Posted by William Charles on January 2, 2019
Bank Account Bonuses

Published on January 2nd, 2019 | by William Charles

169

[Expired] Wells Fargo $250 Nationwide Checking Bonus

Deal has expired, view more bank account bonuses by clicking here.

Offer at a glance

The Offer

Direct link to offer

  • Wells Fargo is offering a bonus of up to $250 when you open a new Everyday checking account online. Bonus is broken down as follows:
    • Receive $150 when within 60 days of account opening you receive qualifying direct deposits with a cumulative total of $500 or more
    • If you met the above requirement you can get an additional $100 when you continue to receive qualifying direct deposits or more every 30 days for an additional 150 days after the initial 60-day qualification period

The Fine Print

  • Everyday Checking is the account eligible for up to $250 bonus 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 one bonus per customer)
  • Open a new Everyday Checking account online with a minimum opening deposit of $25 by January 25, 2019.
  • To receive a $150 bonus, within 60 calendar days of account opening, receive qualifying direct deposits with a cumulative total of $500 or more into the new checking account. During this time, your new account balance must be $1 or more.
  • If you meet the requirements for the $150 bonus, you are eligible to receive an additional $100 bonus, when you continue to receive qualifying direct deposits with a cumulative total of $500 or more every 30 days for an additional 150 days after the initial 60-day qualification period. During this time, your new account balance must be $1 or more.
    • qualifying direct deposit is the customer’s salary, pension, Social Security, or other regular monthly income of an accumulated $500 or more, electronically deposited through the Automated Clearing House (ACH) network to this checking account by your employer or an outside agency.
    • non-qualifying direct deposit is transfers from one account to another, or deposits made at a branch, ATM, or from mobile deposit.
  • Offer subject to change and may be discontinued at any time.
  • Offer cannot be:
    • Paid without a valid U.S. Taxpayer Identification Number (W-9)
    • Combined with any other consumer deposit offer
    • Reproduced, purchased, sold, transferred, or traded
  • We will deposit the $150 bonus into your new Everyday Checking account within 45 days after meeting eligibility and applicable requirements.
  • We will deposit the additional $100 bonus into the same checking account within 45 days after meeting eligibility and applicable requirements. The Everyday Checking account must remain open in order to receive the bonus payment.
  • You are responsible for any federal, state, or local taxes due on your bonus, and we will report as income to the tax authorities if required by applicable law. Consult your tax advisor.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

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 OR
  • The primary account owner is 17 – 24 years old.

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

$250 is as good as when it comes to nationwide online offers. The downside is the direct deposit requirement. There is an in branch offer for $200 and that doesn’t require direct deposits but it does require visiting a branch (that offer has now expired). Some people will prefer this bonus as it’s online and they might not have a branch near them. As always you can see what has/hasn’t worked as a direct deposit previously here (always linked under ‘direct deposit required’ in offer at a glance). This will definitely be added to the best checking bonuses. I wouldn’t be surprised if this is pulled very early, so I’d recommend signing up sooner rather than later if you’re interested.

 

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

Useful posts regarding bank bonuses:



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Gadget
Gadget

Better bring your “A” game. Faking the DD or getting past time since last bonus just doesn’t fly anymore.

More Info
More Info

Can you elaborate…haven’t seen a lot of issues lately for myself.

Gadget
Gadget

If you have a winning formula, go for it. S.O. didn’t get a bonus last year – used 3 different banks and I documented the details of failure then. I think she used Chase, Cap One 360, and BMO. Seen multiple reports on here and Reddit that most ACH counts for DD to avoid monthly fee, but won’t count for the bonus. Good luck!

Anthony Marris
Anthony Marris

Damn I guess I will have to go to payroll and fill out a new DD form :/

Josh
Josh

Schwab didn’t work either.

beat2def
beat2def

Neither did PNC or Fidelity on my end.

Lisa
Lisa

What do you mean by getting past time since last bonus? It needs to be one year since last bonus posted before I can apply right? I won’t eligible then.

Gadget
Gadget

The way I read the term “You cannot be: A recipient of a consumer checking bonus in the past 12 months”, yes, you should apply for the new account, enroll in the promotion, no sooner than one year after last checking bonus posting date.

There was a time when this was not enforced, but I believe those days are gone. I am just giving people a warning if they are looking at old data points they might be in for a nasty surprise. Follow the rules and you have a good chance of getting the bonus without issue, and you will have a recourse of a CFPB complaint, worst case scenario. However, if you skirt the rules, don’t be surprised if it doesn’t work and move on.

LC
LC

apparently, brokerages dont count either. i just made a post of all the different brokerages i have used and nothing so far. of course im not calling the bank, but not very hopeful.

arch
arch

The in branch offer is only $200, right?

Sam
Sam

Too little bonus for too much work. Too bad chase is now once every 2 years

Natalia from New Orleans
Natalia from New Orleans

I just received $200 bonus for previous promo
Would they match ?

Dylan
Dylan

I opened a wells fargo everyday checking account 4 years ago. No bonus attached to it, but either way its been over 12 months. If I were to close my account, would I be able to apply for this bonus. Can’t find anything in the offers language about how long your account has to have been closed, just that you can’t be an existing customer

Lint
Lint

Did it for the prior $200 bonus and it was fine. Just make sure you close your account and receive the account was closed email. Go into branch and ask them to confirm it was closed and they’ll call corporate to confirm

Patrick Spranger
Patrick Spranger

I have a business checking account with them. I use to have a personal checking account (received a bonus two years ago and closed the account three months ago.) Do I still qualify for said Bonus?

Gadget
Gadget

Yes, you qualify. Business checking and personal checking are two different beasts. They don’t impact each other and you can hold them concurrently.

Patrick Spranger
Patrick Spranger

can confir. Got the $150 bonus so far using keybank. I will report back if I get the remaining $100 in a few months.

adam d
adam d

Yup, US bank and now WF doesn’t take cap1 or fidelity as DD anymore…imo do the $200 WF offer bcus an extra 5 months of DD for a measly $100 extra? Juice isn’t worth the squeeze.

Geng
Geng

newbie here wanting to make sure I got this right: even though the terms specify the direct deposit has to be coming from payroll, it is possible to do an ACH from another bank to WF for a bonus? (per the separate link with all the dp’s)

Brian
Brian

Geng it’s always YMMV. Many banks are tightening up restrictions now. My wife was able to ACH once with WF, but not the last time I tried. We only know what works based on detailed DP’s readers post. Read comments carefully and always check dates. Since you need multiple months of DD’s, any DP’s from this offer will only benefit future WF offers which don’t come around very often. Take a stab at it, but don’t expect much if you don’t do legit DD.

Debit
Debit

Wells fargo branch people are assholes. They interpret the fine print however they want. An owner of a checking account was interpreted as owner in the past of a now closed count. Either she was dumb as rocks or they have strict orders to not entertain churners. In any case they may have paid a fine but their culture is still the same: obfuscation

Peter
Peter

Bankers often simply don’t know and make stuff up.

Peter
Peter

IMHO none of the direct deposit methods on doc’s list are currently working. Might make more sense to go for the in-branch offer.

mct
mct

How do you know none of them are working? Did you try all off them or what?

Brian
Brian

+1. I wouldn’t rule out all ACH… it’s a huge bank and I’m positive humans aren’t looking at every promo account. You might need to become an expert reader of reddit/HMB/DoC and others, but I’m confident something has to work.

modulus16
modulus16

Do we know how recently you can have closed a WF consumer account and be eligible again for this bonus? Assuming you meet the criteria of NOT having received a bonus in the past 12 months.

Mimi
Mimi

I close acct a week after receiving bonus so I can register for another one the next round. I close it asap so I don’t have to continue meeting requirements to waive maintenance fees.

Rye
Rye

my checking account was sold to flagstar, I closed it before it was transferred.

I should still be eligible right?

AdamZ
AdamZ

Wondering the same thing.

Rye
Rye

Looks like I can still apply, I still have a WF login

Rye
Rye

Scott
Scott

I am in the same boat. I did the $200 promo from Wells Fargo in April, 2018. Since I technically got it from Wells Fargo I think I’m ineligible due to the: you cannot be a recipient of a consumer checking bonus in the past 12 months. Even though the account was since sold to Flagstar. I’m going to just wait out the last 4 months to ensure I’m eligible.

Jeff
Jeff

Yes. I just closed my WF Checking account at the end of November before Flagstar took over (knew it was going to be a mess!). Successfully reopened WF checking account this morning. Last got bonus in 2017 so should be eligible. I’m in MI btw.

Rye
Rye

I’m in MI too! 🙂

P
P

I think this is the fifth time Wells Fargo has rejected me for an account. They don’t even send a reason why by email or mail. Just that they can’t approve at this time

Shawn
Shawn

I think the in-branch offer is dead, or at least temporarily down. See the latest comments in the that post

Philip0116
Philip0116

What do they mean by “If you do not qualify for Everyday Checking but do qualify for Opportunity Checking®”. What’s the qualification for Opportunity Checking?

Gadget
Gadget
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