Deal has ended, view more bank account bonuses by clicking here.
Update 9/24/20: Terms now state ‘You will need to enter the Promo Code reflected in your mailing.’ whereas before it showed the promo code. Might be targeted now.
Update 9/19/29: Originally we said in branch only, but looks like it can be opened online as well.
Offer at a glance
- Maximum bonus amount: $350
- Availability: WV, PA, OH, IN, KY
- Direct deposit required: Two direct deposits totaling $2,000+
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Up to $500
- Monthly fees: $6, avoidable
- Early account termination fee: $25, 90 days
- Household limit: None listed
- Expiration date: November 17, 2020
Contents
The Offer
- Wesbanco is offering bonuses of up to $350, must use promo code $350 New Checking 2020. Bonuses are broken down as follows:
- Get a $250 bonus when you open a Basic Checking or Interest Checking account and make direct deposits totaling $2,000 or more within 90 days
- Get an extra $100 when you enroll in online banking within 90 days of account opening
The Fine Print
- Customers with a current checking account, or who transfer funds from an existing WesBanco deposit account, are not eligible for the bonuses.
- All qualifying activity must occur and post to the account within 90 days of the date of account opening.
- Please allow up to seven business days after 90-day period for bonus credit.
- Direct deposit bonus: Make direct deospits totaling at least $2,000
- Online banking bonus: Enroll in online banking at wesbanco.com
- Bonuses may not be used in combination with other offers, are subject to change without notice and limited to one per account.
- Customers that have received an online banking enrollment bonus on any previous Wesbanco checking account are not eligible for the online banking enrollment portion of this offer
- Customers that have received a direct deposit bonus on any previous WesBanco checking account are not eligible for the direct deposit portion of this offer
- You must complete the direct deposit portion to be eligible for the bonus for online banking
- No bonus will be paid if the account is in overdraft at the time the bonus is to be credit
- Businesses and employees are not eligible for bonuses
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Their basic checking account has a $6 monthly service charge, this is waived if you receive eStatements or maintain a monthly balance of $500.
Early Account Termination Fee
There is a $25 fee if the account is closed within 90 days.
Our Verdict
Previous best bonus was $250, this is an extra $100 and the requirements are basically the same. This can be opened online this time as well making it even better. We will add this to our best bank bonus page.
Hat tip to reader Evan
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
I opened account on 9/14/23, I got a postcard. I’m 100% sure I applied code and now they claim it’s not on my account and refuse to credit the $350 bonus. Did this happen to anyone else?
Anyone do this recently?
Has anybody received an 1099-INT from WesBanco?
WesBanco responded to me that the new account bonus is not considered interest and no 1099-INT is being issued.
Account is a bit of a pain to close. Can not close through secure message or through calling the corporate contact us number (they require you to send in a signed letter stating your intent to close the account). You must call a branch and speak with a teller. Even the teller was resistant to closing the account until I told them I am no longer in the area due to the ongoing public health emergency.
See https://www.doctorofcredit.com/wv-pa-oh-in-ky-in-branch-only-wesbanco-350-checking-promotion/#comment-1122457
Let’s hope that automatic closing if the balance is 0 for 30 days works. That’s what I am going to try, too. The account is free, so I am not in a hurry to close. If it’s still open after two month or so I might send a letter …
Nothing yet. But I just took a look, last statement I received was the one showing the bonus.
So it has not yet been a full statement period at 0. We’ll see once I have a statement at 0 with no transactions at all …
Do you have any information if and when they would charge dormant account fees?
I found some documents online that say it’s dormant after 180 days of no deposits/withdrawals, but no idea how old/relevant it is nowadays.
Also just realized the last statement that cut (back in September) has a “CLOSED” banner at the top which in previous statements said “CYCLE-001”. It may have closed automagically after 60 days of 0 balance.
I also see that CLOSED banner.
But the account seems to be open. No idea in what state the account is … I do not have linked accounts, can’t try if I can still transfer.
I think sending a letter honestly is the easiest way for banks like this. I have a standard one I use a lot. Change the bank name/address, date, pop it in an envelope and done. Takes less time than you wait on hold to even talk to someone, haha!
After calling a branch, I got the bonus today. I do not know what was the problem, they never told me, just said they were going to credit my account with $350. Briefly, I opened account online on 9/20. Three DDs from employer totalling $2500 were made on 11/13, 11/30 and 12/15. I was sure I applied the promo code. Then, I saw that people were getting the bonus on December 23. Started thinking that I did not put the promo code for some reason. I messaged the bank asking if I was eligible for the bonus and was advised to call a branch. Today a banker called me back and said that the bonus would be credited. This happened indeed couple of hours later.
DP (no mailer):
9/20: Opened
9/28: $1,001 ACH from KeyBank appears as “ONLINE-BK” and the Category is “Transfer”
10/5: $1,001 ACH from KeyBank
12/23: $100 + $250 bonus posts
I SM’d them today to request closing my account, and got a reply asking to visit or contact my local bank. I called and they said that they are unable to close without my signature (I need to visit branch), but since my account has a balance of $0, it will be closed in 30 days ¯\_(ツ)_/¯
Did they close your account since it was at zero? My account has been sitting at $0 since 1/7/21 and nothing yet.
Yes, they did! My January statement showed CLOSED. Maybe give it another month.
Any luck closing the account easily? Was told and on website need to send signed letter with account number. https://www.wesbanco.com/questions-answers/
I received the bonuses, not quite a week after the 90 days ran. I wasn’t targeted with a mailer, and signed up after the terms were changed.
No mailer for P1 or P2, 350 bonus received for both
Hopefully, a don’t call the bank lesson learned for some
DP (I did NOT receive a mailer)
09/21/20: Applied online
09/22/20: Approved and opened
10/15/20: Completed $2000+ DD (5 total deposits from Astra Finance and Ohio PUA)
12/23/20: $100 + $250 bonuses posted
Again, I did not receive a mailer for this promotion.
Similar results. Did not receive a mailer, but opened the account on 9/21 when the bonus code was publicly available on the Wesbanco site.
9/21/2020: Applied online, opened and approved. Signed up for online banking.
9/25/2020: Initial funding posted.
10/01/2020: First real DD posted.
10/05/2020: Second real DD posted, DD total at this point exceeds $2k cumulative.
12/23/2020: $100 and $250 bonuses posted.
Similar results for me as well. I did not use any mailer. I applied when the code was publicly available.
09/2020 : Applied online
10/2020 : Did 2 transfers from Ally and Schwab checking ($2100 each)
12/23/2020 : $250 + $100 bonus posted