Offer at a glance
- Maximum bonus amount: $25
- Availability: Nationwide, must open online
- Direct deposit required: No
- Additional requirements: 10 debit card transactions
- Hard/soft pull: Soft
- Credit card funding: Can fund up to $50 online for checking account, unsure on savings
- Monthly fees: $10, waivable
- Early account termination fee: None
- Expiration Date: August 31st, 2016
The Offer
- Open a new Way2Save Savings account with Wells Fargo and receive a $25 sign up bonus when you do the following:
- Make an opening deposit of at least $25 from your Wells Fargo checking account
- Set up a monthly automatic transfer of at least $25 from your Wells Fargo checking account to your new savings account opened for this bonus offer.
- Make deposits to your new savings account totaling at least $300
The Fine Print
- This is an exclusive, nontransferable offer
- You cannot be:
- An owner on a current Wells Fargo savings account
- A Wells Fargo team member
- A recipient of a consumer bonus in the past 12 months (limit 1 bonus per customer)
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There is a $5 monthly service fee, this is waived if you do any of the following:
- Maintain a $300 minimum daily balance, OR
- set up and maintain one or more automatic, recurring savings options, OR
- are under the age of 18 (19 in AL) and are the primary owner of this account
Our Verdict
This is a targeted offer, you should see it when you log into your Wells Fargo account if you’r eligible. Probably only worth doing if there is no ChexSystems inquiry, otherwise there are a lot of other bank account bonuses that offer a much bigger reward. Keep in mind you can also currently get a $150 or $100 bonus on the Wells Fargo checking accounts (a requirement for this bonus) and this bonus is targeted and you can’t have received a consumer bonus in the past twelve months from Wells Fargo.
Big thanks to reader, Nicole S who let us know. Please consider sharing bank bonuses with this site so we can make it even better.
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