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$50 Wachovia Free Checking Account Bonus


Wachovia Bank
Wachovia is once again offering a $50 bonus for opening its free checking account. Here's the promotion page link. Unlike the last one in July, this one doesn't have a direct deposit requirement.

Here are some of the important details: To qualify for the $50.00 bonus, you must be a new customer and open your new Checking account by 1/31/2008 with a minimum of $100.00 in new funds to Wachovia. Your bonus will be directly deposited into your new Checking account within 120 days of account opening. Limit one bonus offer per household. If you need to contact us regarding this offer, please reference pricing code ATM2. The value of this bonus will be reported to the IRS.

Wachovia's free checking account has the basic components of free checking: no minimum balance requirements, no monthly fees, etc. A reader in the previous post mentioned that Wachovia does a hard credit pull (via Experian). Checks are not free, but they are optional. Prices vary by state. A reader just mentioned that Wachovia offered 50 duplicate checks for $8. There is a $25 fee if the account is closed before 6 months. In addition to the hard pull, Wachovia also does a ChexSystem verification.

Thanks to Hustler who mentioned this new bonus in the finding deals post.

Wachovia is also offering a 5.41% APY 8-month CD in some states (see post).

  Tags: Wachovia Bank, checking account

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Comment #1 by rate freak (anonymous) posted on
rate freak
For me, it was a hard pull in TransUnion.

Comment #2 by Adam (anonymous) posted on
wachovia charges a dormant account fee

Comment #3 by Anonymous posted on
The problem is that I have already had an accouny with them once.

Comment #4 by Anonymous posted on
in the past i opened 3 accounts altogether and all with bonuses. this is the first time they are specifically mentioning NEW CUSTOMER. when i opened mine, only NEW ACCOUNT was required.

Comment #5 by Anonymous posted on
It's a slap in the face to those of us who are existing customers merely because Wachovia took over our bank.

Comment #6 by Anonymous posted on
Don't use this bank!

I had a CD matured on 11/10. And they just sent out my check today 11/27 after calling them 4-5 times in the last two weeks. And they don't allow wire transfer from CDs to other banks at maturity.

I'm loosing money using this bank. I have three more CDs with them. Will withdraw all my balances and never use this bank again.

Comment #7 by Anonymous posted on
Just checked the promotion page you mentioned. Apparently there is no longer an online application option. One seems to need to go to a Wachovia "financial center" to get the bonus... This is pretty lousy practice, in my opinion...

Comment #8 by Anonymous posted on
Extremely bad bank with horrible customer service when trying to get my withdraw when my cd matured, extremely slow and **** up in every way they could, will never use this stupid bank!