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Miki
Miki

Stumbled in based on researching what all qualifies as direct deposit now that WF took away debit card usage to avoid monthly fee. Just thought I’d share that my Venmo cash outs are being counted as direct deposits EXCEPT when I did the “instant” transfer. That one did not count.

717DRVR
717DRVR

DP
P1+P2
– Signed up on 5/28
– Push $3000 per month from USAA (for suntrust checking bonus push from WF)
– Bonus posted 8/26

veeRob
bluelizard5555
bluelizard5555

How likely is it that a push from Regions bank (my local bank) will meet the DD requirement? Do I just push thru bill pay? And do I just click on deposit to see if it says “DD”?

bluelizard5555
bluelizard5555

New to bank bonuses. Already have online banking with WF with Cash Wise card. Opened yesterday and $25 deposit still not showing on online banking. Is this normal?

wilfra
wilfra

Update after escalating this:

They denied me the bonus based on the DD’s not being direct deposits. I find this hilarious as I’ve never paid a monthly fee on the account, which you need DD’s to avoid and those were my only deposits those months. The deposits came from my employers business checking account.

Escalated three times and told the same thing. Now off to the CFPB.

Betelgeuse ㊙️

If you didn’t use real dd it’s not a good idea to complain to CFPB or calling the bank. That just brings attention to WF that people are using fake dd to get the bonus. If you used real dd then go ahead.
Whether they counted the transactions as dd to waive the monthly is irrelevant.

wilfra
wilfra

I didn’t use fake DD’s but either way, they already denied me the bonus. What difference does it make?

The CFPB is an under-used way to get these banks to pay up. I’ve gotten the bonus every time I’ve reported someone and I would bet a lot I’m going to get it here.

arizonapv
arizonapv

wilfra Could you post an update and let us know if got the bonus?

wilfra
wilfra

“Whether they counted the transactions as dd to waive the monthly is irrelevant.”

I’m not sure how that’s irrelevant? They called the transactions direct deposits by not making me pay the fee. So it follows from simple logic that they are direct deposits.

Betelgeuse ㊙️

What I meant was if the dds are real you should win the CFPB complaint case. But if the dds are fake complaining to CFPB won’t help regardless if they counted them as dd to waive the monthly fee. When they do manual review of dd they will only grant the bonus if it’s real dd. They wouldn’t care if the computer counted them as dd for fee waiver or not.

SamL
SamL

DD for bonus is often stricter (at many banks) than DD for fee-waiver.

Tory
Tory

Does anyone know when the bonus switched from 3,000 to 4,000 requirement? I could swear I signed up with the 3,000 requirement, but I’m super nervous that I have it wrong and it looks like the bonus takes some time to kick in. Obviously, the easy answer is just to push over the extra 1,000, but I’d rather not if I don’t have to.

AS
AS

There are 2 posts regarding Wells Fargo checking bonus, old $3000 one expired at the end of last year, new $4000 one showed up in January and still valid as of today.

wilfra
wilfra

DP: they have denied me based on my DD’s not qualifying. They were from a Chase Business Checking account which is my actual, legal employer. The business name happens to be my name but still, wow…

Jim John
Jim John

This offer is not strict on the three “consecutive” months.
February Statement: $3000 Employer DD
March Statement: $3000 Employer DD
April Statement: $0
May Statement: $3000 Wealthfront Cash Account Push
$400 Bonus recieved 7 days later

Danny J
Danny J

Just so everyone knows, they fucked up my code to get the bonus. I told them, they went through a whole ordeal to figure out if i can still get the bonus and then denied me because i wouldn’t keep $3k in the account. I was following the rules of this site in which you deposit the amount and take it back out.
I guess the moral of the story is you should be fine unless some bullshit like my situation happens where they screwed up your bonus code

Danny J
Danny J

Ok so I’m confused cause I just checked and i got the promotion…but i had a whole account person tell me they declined it…hmmmmmm yeah idk guys i guess ignore for now