Wells Fargo Checking Account Bonus and Promotions:

This is how your Money Can Make You More Money

Wells Fargo

The concept behind bonuses and promotions is very simple; – You need money, and banks need accounts. Take advantage of all promotions and bonuses offered at your local bank to make money that you didn’t work for. This is probably the sweetest deal in banking.

I always say that; since you must keep money in the bank, why not make more money with it if you can?

So, Wells Fargo is one of the banks I am going to review in this blog and give you some insight into all the currently available bonuses and promo codes you can use to make some easy money.

Ranked number one in the country for its availability, Wells Fargo has been in the banking business for more than 160 years. They currently have over 13,000 ATMs and more than 5,000 branches countrywide.

They have many cash bonuses that range from $100 – $1,000. These are available on their checking, savings, and business accounts. There are also plenty of credit card bonuses that you can earn by using their credit cards.

How do bonuses work?

Each bonus has requirements that must be fulfilled:

Not everyone is eligible for bonuses. Some accounts cannot earn you any bonus, and you will have to investigate with the bank which account shall enable you to make some money simply by opening it. In addition, the accounts that qualify for bonuses also require you to fulfill some requirements before the bonus money can be deposited in your account.

Some of these requirements include;

  • Having a specific daily running balance.
  • Ensuring you deposit a certain amount of money when you open the account.
  • Keeping the account open for at least six months.
  • Ensuring that you have operated the account as per the requirements.
  • Ensuring that you have a debit card.

If you do not fulfill the requirements, the chances are that you may not earn the bonus associated with the account.

Each bank is different:

Just because you earned a certain amount in one bank doesn’t mean you shall earn the same in another bank. It is therefore not advisable to keep moving from bank to bank as this will not necessarily ensure that you earn bonuses.

In most cases, you shall be required to deposit a specific amount of money to earn a certain amount of bonus.

Type of account:

Again, not all accounts qualify you for a bonus. Most of the banks offer bonuses in their checking and savings accounts only. This means that any other account is not eligible for a cash bonus, and opening it with the sole purpose of earning the bonus could be futile.

These two accounts are synonymous with bonuses and promo codes. This means that if you have opened either a checking or a saving account, you might be eligible for a bonus on your account. Some people with both can earn double on both accounts.

Taxes:

Do not be surprised if you receive a 1099-MISC tax form in the mail after a bonus has been deposited in your account. This is because, bank bonuses, unlike credit card bonuses, are eligible for taxation and a bonus is, in fact, a taxable income and must be declared.

Wells Fargo Promotions:

In – Branch $400 Bonus

In – Branch $400 Bonus

This is strictly an in-branch bonus, which means that you must appear physically in the branch with the offer code to participate in the bonus.

Requirements:

  • Open an everyday checking account from the above linked online page, and then bring the offer code physically to a participating Wells Fargo Brach and open a consumer eligibility checking account.
  • An everyday checking account comes with many incredible features to make banking convenient for you, which includes a monthly service fee of $10.
  • The bonus shall then be deposited into your new checking account within 45 days of meeting all of the offer requirements.

Other eligibility criteria:

  • This offer is only for certain checking accounts, which includes non-interest earning checking accounts. The teen checking, greenhouse, and Wells Fargo Easy pay accounts are not eligible for this offer.
  • To receive the bonus, deposit $25 when you open the account before December 31st, 2019.
  • Ensure to deposit a total of $3,000 of new qualifying money in the account within the first 150 days. Direct deposits to the checking account are accepted.
  • A qualifying deposit is direct from your salary, social security, or pension. Any other regular monthly include should be electronically deposited through the ACH – Automated Clearing House network by your employer or any outside agent you may be using.
  • Direct deposits that are termed as non-qualifying include deposits from one Wells Fargo Account to another one, or deposits you make in any Wells Fargo branch or on an ATM.
  • This offer is for new checking account holders only, and you must have a valid bonus offer code to receive the offer.

You are not eligible for the offer if;

  • You are currently a Wells Fargo Checking account customer.
  • You are a Wells Fargo Team member.
  • You have already received a bonus for opening a Wells Fargo Consumer Checking account in the last 12 months.

The Bonus Payment:

  • You shall receive the bonus payment in your new checking account within 45 days after you have met all of the requirements.
  • The new account must be kept open by the account owner so that it can receive the bonus earned.
  • You are responsible for the state, local and federal taxes that shall be due as a result of the bonus, and the bank shall report the income to the tax authorities if it is required by law.

Waiving the monthly fee:

$10 fee:

This fee can be waive by doing either of the following;

  • Ensure to maintain a $1,500 minimum balance.
  • Ensure to have qualifying direct deposits of $500 or more.
  • A qualifying deposit is a direct deposit that has been made from your salary, social security, or pension. It can also be any other regular monthly income that is electronically deposited into the checking account by either an outside agency or your employer.
  • Transfers from one account to another or any deposits made at a local branch location or your ATM, do not qualify as direct deposits.
  • Making ten or more debit card purchases or payments and posting them in the account.
  • This should include posted debit card purchases or debit card payments of bills, from your checking account. This does not include transactions done at the ATM.
  • Debit card purchases should also include PIN, Online, signature, and phone purchases that are posted during the fee period.
  • You should not include any Wells Fargo ATM transactions.
  • Link a Wells Fargo Campus Debit card or Campus ATM.
  • The primary account holder must be between 17-24 years old. When the account holder turns 25, the account is automatically eligible for monthly charges, unless you meet the other requirements to waive the monthly charge.

$15 checking fee:

This fee can be avoided by doing either of the following;

  • Maintaining a $10,000 or more in combined deposit balances.
  • This should include any linked consumer saving and checking accounts, Time accounts or CDs, or any FDIC- insured retirement account.
  • Ensuring a $1,000 deposit of qualifying direct deposit.
  • A qualifying deposit is a direct deposit that has been made from your salary, social security, or pension. It can also be any other regular monthly income that is electronically deposited into the checking account by either an outside agency or your employer.
  • Transfers from one account to another or any deposits made at a local branch location or your ATM, do not qualify as direct deposits.
  • Linking a Wells Fargo Home mortgage loan.

Savings account:

This account does not have any monthly fees.

$650 Wells Fargo Checking account bonus

$650 Wells Fargo Checking account bonus

Earning this bonus will involve a combination of accounts. You shall receive the bonus amount of $650 when you meet all of the qualifying requirements which include opening a checking and savings account at Wells Fargo.

This offer is, however, only available in-branch.

How do you earn the bonus?

This bonus is earned in 2 stages;

$400 checking account bonus:

With this account, you shall be required to set up a checking account and receive a total cumulative amount of $3,000. This should be in qualifying deposits for three consecutive months.

Earning the $250 bonus.

Open an eligible saving account IN BRANCH, and you shall then receive the $250 bonus amount when you deposit $10,000 within ten days of opening the account. Maintain this balance for the next 90 days.

Waiving the monthly fee:

$10 fee:

  • Ensure to maintain a $1,500 minimum balance.
  • Ensure to have qualifying direct deposits of $500 or more.
  • A qualifying deposit is a direct deposit that has been made from your salary, social security, or pension. It can also be any other regular monthly income that is electronically deposited into the checking account by either an outside agency or your employer.
  • Transfers from one account to another or any deposits made at a local branch location or your ATM, do not qualify as direct deposits.
  • Making ten or more debit card purchases or payments and posting them in the account.
  • This should include posted debit card purchases or debit card payments of bills, from your checking account. This does not include transactions done at the ATM.
  • Debit card purchases should also include PIN, Online, signature, and phone purchases that are posted during the fee period.
  • You should not include any Wells Fargo ATM transactions.
  • Link a Wells Fargo Campus Debit card or Campus ATM.
  • The primary account holder must be between 17-24 years old. When the account holder turns 25, the account is automatically eligible for monthly charges, unless you meet the other requirements to waive the monthly charge.

$15 checking fee:

This fee can be avoided by doing either of the following;

  • Maintaining a $10,000 or more in combined deposit balances.
  • This should include any linked consumer saving and checking accounts, Time accounts or CDs, or any FDIC- insured retirement account.
  • Ensuring a $1,000 deposit of qualifying direct deposit.
  • A qualifying deposit is a direct deposit that has been made from your salary, social security, or pension. It can also be any other regular monthly income that is electronically deposited into the checking account by either an outside agency or your employer.
  • Transfers from one account to another or any deposits made at a local branch location or your ATM, do not qualify as direct deposits.
  • Linking a Wells Fargo Home mortgage loan.

Savings account:

This account does not have any monthly fees.

Wells Fargo $1,000 Business Checking Bonus 

Wells Fargo $1,000 Business Checking Bonus

This offer doesn’t have a direct online link, and it is available at Wells Fargo branches only. The bank is offering a bonus of $1,000 when you open a new platinum business or an analyzed business checking account.

Other details;

Account type: This is a simple business checking platinum account.

Where can you find it: It is available countrywide; Here is your branch locator;

Offer expiry: This offer expires on December 31st, 2019.

Direct deposit requirements: none

Opening balance: $25

Household limits: One each.

Monthly fee: From $10 – $40

How can you earn the $1,000 bonus?

  • Visit the branch near you and open a new Platinum Business account or an Analyzed Business Checking Account before December 31st, 2019.
  • Fund the new account with a minimum deposit of $25.
  • Deposit $25,000 or more in the account within the first ten days of opening the account.
  • Maintain the balance of $25,000 minimum in the account on the 180th day after opening the account.
  • Make more than ten qualifying transactions on the 180 days. These transactions include;
  • Any debit card payments/purchases.
  • ACH debits and credits.
  • Checks payments from a new account.
  • Mobile deposits.
  • Wire transfers – either debits or credits.
  • A Wells Fargo Business Bill Pay or Direct pay.

The bank shall deposit the bonus into your business checking account in 30 days after you have met all of the required requirements.

Account features:

Business choice checking:

This is for new and growing businesses that have a steady banking activity and a basic cash management need. This includes 200 transactions and $7,500 in cash deposits monthly.

Simple Business Checking account:

This is for home-based, non-profit, or for small businesses that have a limited banking activity and low account balances. It also includes 50 transactions and over $3,000 deposits monthly.

Platinum business Checking:

This is only for established businesses and very large organizations that have high balances and great financial activities. It includes over 500 transactions and more than $20,000 in deposits monthly.

Avoiding the monthly fee:

Business choice checking account – $14 service fee:

To waive this fee, you can do either of the following;

  • Maintaining an average of $7,500 as the ledger balance, or.
  • $10,000 combined balances – this is for the business checking, savings, credit, and CDs. Or
  • Posting more than ten direct debit card/payments. This includes any posted debit card purchases/payments of bills from the checking account. You should not include any transactions from the ATM. OR
  • Linking the account to a direct payment service through the Wells Fargo Business Online Banking Or.
  • Ensuring that qualifying transactions from the Linked Wells Fargo Merchant account are recorded in the account. OR
  • You have qualifying transactions from the linked Wells Fargo Business account for payroll services.

Simple checking account – $10 monthly service fee.

To waive the $10 service fee in this account:

  • Maintain an average of $500 in the account for each fee period.

Platinum Business Checking – $40 monthly fee;

This can be waived by doing either of the following;

  • Ensuring a $25,000 average in the account. OR
  • $40,000 balance in combined Checking, Business, CDs, or checking accounts.

Bonus fine print:

  • You must limit the bonus to each new customer checking account.
  • The offer is subject to change and can also be discontinued at any time without any notice from the bank to its customers.
  • The bonus shall be deposited into your account within 30 days after you meet all the eligibility and offer requirements.
  • The business checking account must remain open to receive the bonus amount.
  • You must ensure to pay the local federal or state taxes that are due to the bonus you receive.

$50 Bonus for the Greenhouse by Wells Fargo Checking Account

$50 Bonus for the Greenhouse by Wells Fargo Checking Account

This is a mobile banking account that enables you to earn a bonus of $50.

How to earn the bonus:

  • Download and sign-up for the spending account before December 31st, 2019.
  • Deposit a minimum of $25 that is required for the account.
  • Make a minimum of 7 bank transactions in a cycle.
  • Maintain the above requirements for at least 45 days, and Wells Fargo will deposit $50 in your set up account.

Waiving the monthly fee:

$10 fee:

  • Ensure to maintain a $1,500 minimum balance.
  • Ensure to have qualifying direct deposits of $500 or more.
  • A qualifying deposit is a direct deposit that has been made from your salary, social security, or pension. It can also be any other regular monthly income that is electronically deposited into the checking account by either an outside agency or your employer.
  • Transfers from one account to another or any deposits made at a local branch location or your ATM, do not qualify as direct deposits.
  • Making ten or more debit card purchases or payments and posting them in the account.
  • This should include posted debit card purchases or debit card payments of bills, from your checking account. This does not include transactions done at the ATM.
  • Debit card purchases should also include PIN, Online, signature, and phone purchases that are posted during the fee period.
  • You should not include any Wells Fargo ATM transactions.
  • Link a Wells Fargo Campus Debit card or Campus ATM.
  • The primary account holder must be between 17-24 years old. When the account holder turns 25, the account is automatically eligible for monthly charges, unless you meet the other requirements to waive the monthly charge.

$15 checking fee:

This fee can be avoided by doing either of the following;

  • Maintaining a $10,000 or more in combined deposit balances.
  • This should include any linked consumer saving and checking accounts, Time accounts or CDs, or any FDIC- insured retirement account.
  • Ensuring a $1,000 deposit of qualifying direct deposit.
  • A qualifying deposit is a direct deposit that has been made from your salary, social security, or pension. It can also be any other regular monthly income that is electronically deposited into the checking account by either an outside agency or your employer.
  • Transfers from one account to another or any deposits made at a local branch location or your ATM, do not qualify as direct deposits.
  • Linking a Wells Fargo Home mortgage loan.

ATM bonus – Up to $150 – $200:

Non-Wells Fargo customers can earn the bonus.

This offer is not available with any online link, but you can be able to receive the above bonus of $150 – $200 if you do the following;

Procedure of earning the bonus:

  • Use a Wells Fargo ATM to withdraw cash using a non-Wells Fargo debit card. Keep in mind the ATM fee which depends on the bank you are using.
  • A screen pop-up will show up that asks you what you would do with $150 or $200.
  • Select the option that says gas and groceries on the screen.
  • You shall then see a $150 or a $200 coupon offer printed out once you are done with the ATM transaction.

Why should everyone sign up for a Wells Fargo Bank Account?

Forgetting about the Bonuses, Wells Fargo Bank offers its customers a slew of perks if you are looking for top-notch banking and everything “extra” they have in store for you. There is a reason why this bank has such an excellent reputation within the banking industry.

They are good at what they do, and they pay you bonuses, solely for opening an account with them. Here are a few more reasons why you should consider joining this bank;

Excellent service:

Their customer service is what we would call world-class.

If you have ever called a bank with an issue and had to suffer a customer rep who could care less about your troubles, then, you will appreciate what Wells Fargo has to offer. They will listen to you carefully and help solve your problems the best way they can.

They have well-trained customer care staff who are always willing and ready to lend a helping hand.

When you call Wells Fargo, you’re connected to a professional banker who can help with your issue.

You shall also not be re-routed to someone in India or any other country, and in fact, you will always receive help from someone who is in the same geographical location as you are, as the bank has very many branches.

Their customer service is open 24hrs each day, and you will always be connected immediately — no need to wait.

Bill payment:

This is great. In case you have been wondering how to keep track of your bills, then you shall love this because it enables you to do so online.

All you need to do is sign up, and connect your Wells Fargo Checking account to the system; you shall then be able to monitor your bills and keep track of when you need to pay them. This also helps in monitoring your monthly spending.

If you happen to have Wells Fargo cards, you can pay for them online using a direct transfer from your Wells Fargo checking or savings accounts as well. In addition, you can also log into your Wells Fargo online account to see how much you have spent on your credit card at any given time.

Easy deposits:

It doesn’t matter whether you live near a branch or not if you do not have time to visit the branch you are covered because Wells Fargo offers you a QuickDeposit feature that allows you to deposit a check by only taking a picture of it using your mobile device and downloading it on their app.

The deposit process is similar to what happens if you had physically visited the bank. You can access the money the next day.

Branch convenience:

Well, this will definitely make a new customer happy. You do not need to travel miles and miles looking for the nearest Wells Fargo branch chances are that; there is one right around the corner from you.

There are times when you would rather visit the physical bank, and Wells Fargo makes this especially easy for you. It is perfect, regardless of where you live.

They have more than 5,000 branches nationwide, and they have more than 13,000 ATM’s, for when you need to access quick cash.

Alerts and notifications:

If you are a customer with Wells Fargo Bank, you can attest to this. If you want to always stay on top of your spending habits, Wells Fargo has the best alerts and notifications system that can seriously help you when trying to stick to a budget.

With this incredible feature, you can always keep track of your bank balance and be on the lookout in case the balance drops to a certain amount, or in case the account is overdrawn for whatever reason.

You will also be notified of any significant transactions that come through your account, or better still, set up all parameters of notifications so they can be tailored to your specific requirements.

Conclusion:

One of the most important features that everyone looks for in a bank is convenience and flexibility. You will certainly get that with the Wells Fargo bank. Not only do they ensure that you can reach them at any time, but they have also made most of their services available online, and ensured that their staff is always there whenever you need them.

The bonuses and promotions they offer are enough to encourage almost anyone to join this bank so that you can have access to easy money.

Anyone can qualify for the bonuses, and all you need to do is simply meet their requirements, and in a few days, you shall have the money in your account.

Wells Fargo Bank is one of the best banks when it comes to bonus promotions, and I think it should be on your list of best banks. They have already won numerous awards on Customer service, and so, you can never go wrong when you decide to start banking with them.

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