[DEAD] [Nationwide] Wells Fargo $400 Checking Bonus – Available Online

Update 7/16/20: Dea now, links no longer work.

Update 1/14/20: This bonus is actually available nationwide at this link. Updated the post below. (ht CobblerSalad)

Update 1/14/20: Apparently, some areas of Virginia work as well. (ht YAR)

Update 1/13/20: Dallas, TX and Washington D.C. have now been added to the list of eligible areas.

Offer at a glance

• Maximum bonus amount: $400
• Availability: Nationwide Denver, CO; Houston, TX; Miami, FL; Orlando, FL; Phoenix, AZ; Seattle, WA and their suburbs & Dallas, TX and Washington D.C.
• Direct deposit required: Yes, $4,000
• Additional requirements:
• 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, don’t close account straight away please
• Household limit: None
• Expiration date: July 31, 2020

The Offer

Direct Link to offer – Nationwide | (Another link which only works in select areas)

• Wells Fargo is offering a bonus of $400 when you open a new checking account and complete the following requirements:
  • Set up a direct deposit and receive a cumulative total of $4,000 in qualifying direct deposits over the course of the first 3 months.

The Fine Print

• Eligibility Requirements:
  • Everyday Checking is the only eligible account for the $400 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.
  • This offer is intended for new checking customers only. 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

Bonus requirements:

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

Similar offer was available last year; the direct deposit requirement is a bit easier on this one since it’s $4k total versus $3k three times. Overall a terrific bonus if you can meet the direct deposit requirement.

Hat tip to Mdam0re

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