Wells Fargo Offers Easy $250 Checking Bonus

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UPDATE 3/18/2017: Offer extended through April 1, 2017. The fine print on the promotion page now reads, "This is an exclusive, nontransferable offer. This is only available to Wells Fargo retail store private label credit card customers who received our direct mail for this offer."

UPDATE 3/7/2017: Offer extended through March 24, 2017. The target language noted in the 2/1/2017 Update has been removed. I have added some new information, which is italicized.

UPDATE 2/20/2017: Offer extended through March 3, 2017.

UPDATE 2/1/2017: The fine print on promotion page now reads, "This is an exclusive, nontransferable offer, available to those who received our direct mail or e-mail offer."

Deal Summary: $250 bonus when opening a new Everyday Checking account.

Availability: Nationwide

Wells Fargo Bank (Wells Fargo) is offering a $250 checking account bonus when opening a new Everyday Checking account.

According to the promotion page, the following individuals are excluded from the current $250 bonus:

  • Current Wells Fargo consumer checking account owners
  • Wells Fargo team members
  • Any recipients of a consumer checking bonus within the last 12 months
O-ho the Wells Fargo Wagon is a-comin' down the street, oh please, let it be for me!

I usually find bank bonuses through a variety of search techniques, or through notifications from DA readers. I originally found this bonus in January in the middle of the Yahoo! home page, sandwiched between inauguration news and a cat video, with a link to a Yahoo! Finance page. Perhaps Wells Fargo realizes they need to reach a large audience that has never had a Wells Fargo account, in hopes of improving their public image.

$250 Bonus Requirements

  • Open a new checking account online from the promotion page, with a minimum deposit of $25 by March 24, 2017.
  • Within 60 days of account opening, make ten debit card purchases/payments, OR,
  • Set up a Direct Deposit of at least $500 to the new checking account.
  • The $250 bonus will be deposited into the new checking account within 45 days of the requirements being met.

Everyday Checking Account

As stated above, the Everyday Checking account can be opened with a $25 minimum deposit. The account has a $10 monthly service fee that can be waived with a $1,500 minimum daily balance; OR, at least ten debit card purchases/payments; OR, at least $500 in Direct Deposit(s); OR being linked to a Wells Fargo Campus ATM or Campus Debit Card.

Availability

Headquartered in Sioux Falls, South Dakota, Wells Fargo Bank is currently the second largest bank in the U.S., with assets in excess of $1.7 trillion and more than 86.5 million customer accounts.

Applying for the $250 bonus must can be done online.

The fine print on the promotion page states, "This is an exclusive, online only offer and not valid for branch or phone account opens."

Bank Overview

Wells Fargo Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 7.72% (excellent) based on September 30, 2016 data. In the past year, Wells Fargo Bank has increased its total non-brokered deposits by $71.06 billion, an excellent annual growth rate of 5.72%. Please refer to our financial overview of Wells Fargo Bank (FDIC Certificate # 3511) for more details.

Other Bank Promotions and Bonuses

Not eligible for Wells Fargo Bank’s $250 checking bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.


Comments
Anonymous
Anonymous   |     |   Comment #1
And if they open 20 more accounts in your name without your knowledge, do those get $250 bonus each?
Anonymous
Anonymous   |     |   Comment #2
now that there is funny
Anonymous
Anonymous   |     |   Comment #3
Collect $250 and go to jail?
jimbeau
jimbeau   |     |   Comment #17
Banks are people that can't go to jail.
Anonymous
Anonymous   |     |   Comment #11
Good one #1. In the tradition of the late, great George Carlin.
topkapi56
topkapi56   |     |   Comment #25
I cannot do business with any business that has proven themselves dishonest, unethical and just plain lacking in any morals. I understand that many people have no problem doing so if it benefits themselves, but I just cannot do it. I may not be rich but I can sleep with a fairly clear conscience.
Anonymous
Anonymous   |     |   Comment #39
Lmao! Good call
RickZ
RickZ   |     |   Comment #4
Please be aware of the following language in this offer: "This is an exclusive, non-transferable offer." Another financial website is of the opinion that this language indicates that this is a targeted offer only. I'm not sure that I agree with that analysis -- if it were a targeted offer you would think that they would say that directly in the eligibility section. However, given the "exclusive" language and the history of Wells Fargo's deceptive practices, there is a definitely a risk that this offer is not publicly available. I would get confirmation (preferably in writing) from Wells Fargo before proceeding.
Anonymous
Anonymous   |     |   Comment #5
Yes, and Wells Fargo is such a great bank that history has shown you don't have to do anything with them -- just sit back and relax, and they'll open up multiple fake accounts in your name! What a convenient bank! Who could ask for more?
Anonymous
Anonymous   |     |   Comment #6
They actually refused me a credit card and I have a credit score of 850. May income was low for the year and that was their concern. They have my mortgage since they took over Wahcovia. They have very poor customer service. Hot many branches near me. I would keep away.
thatguy
thatguy   |     |   Comment #38
So you have a "perfect" credit score! Crazy!
ChasR
ChasR   |     |   Comment #7
For those of you who can't stand Wells Fargo, but can stomach brokered CDs, the bank has been offering some very attractive FDIC-insured, non-callable, new issue brokered CDs since the beginning of 2016 at online brokerages like Fidelity and Scottrade. The yields often equal or exceed the leading online bank APYs, and interest is paid monthly, not semi-annually. Plus, with brokered CDs, you remain anonymous on the bank's records, so "gottchas" are unlikely--if you trust the broker, of course. We all know there aremany downsides to brokered CDs, but I've learned to live with them.
Anonymous
Anonymous   |     |   Comment #14
Why would I do business through a broker for their CDs when they would not offer equal or better rates directly to their customers
Anonymous
Anonymous   |     |   Comment #8
Netspend has a 5% APY savings account on the 1st $1000 saved. You first need a Netspend prepaid card account. There is also a $20 bonus if you transfer $40 to the prepaid card. I got my $20, opened a savings account with $1000 then moved my $60 off f the card back into capital one 360. Good deal
Anonymous
Anonymous   |     |   Comment #9
I just opened an account online. The disclosure for the bonus is provided when you open the account. It says you may not currently have a Wells Fargo checking account, and you may not have received a bonus in the past 12 months. It does not say anything about "ever" having been a Wells customer.
Anonymous
Anonymous   |     |   Comment #10
Yay, they just signed me up! They even filled out my form, as: LAST NAME: Fargo FIRST NAME: Wells ADDRESS: Hisperia Planum, Mars (But it's the fancy part of the planet, so it's ok) DOB: 01/01/2017 SSN#: 123-45-6789 ANNUAL INCOME: $3,000,000,000.02 OVERDRAFT PROTECTION? Duh. CONTACT PHONE NUMBER: (800) 869-3557 AGREE TO ARBITRATION REQUIREMENT? Absolutely! I'm told it's already been approved...
Bozo
Bozo   |     |   Comment #12
Excoriating article in the NYT today about Wells. The article, however, misses the main point. Those of us who bank at Wells solely for the ATM "ubiquity" are generally pleased. The "no fee" limit on the savings account balance is low ($300) and with the minimum balance on savings, you can withdraw to your heart's content with your ATM.

For me, Wells Fargo is just a vehicle for ATM access.
Bozo
Bozo   |     |   Comment #13
Those of us who read DA learned long ago to keep "ready reserve" funds in a high-yield savings account (1%+), then transfer to our ATM accounts only as necessary.
Anonymous
Anonymous   |     |   Comment #15
Why do any business with crooked organizations?
Anonymous
Anonymous   |     |   Comment #20
$0 balance requirements for fee waivers can be considered "low".
Anonymous
Anonymous   |     |   Comment #21
Though I understand the need for ATMs everywhere, there's a much more convenient option: just about any CREDIT UNION. Most are members of CO-OP, and there are more CO-OP ATMs everywhere than Wells, BofA, Chase, etc. Even if your credit union only has one branch, if they're a member of CO-OP (and I'd say about 90% of credit unions are) you can use pretty much ANY Credit Union's ATMs to deposit, withdraw, etc from your account. Something you might want to look into. That's one thing most people don't realize about credit unions. You don't just have the few-branch options of the individual credit union, but pretty much ANY credit union (if they accept Co-Op, which of course, most do). For instance, Alliant Credit Union is open to all, pretty much fee-free, extremely friendly and easy online presence, 24hr customer support, and even though there's no Alliant anywhere near me, there are ATMs everywhere I can use to deposit to my Alliant account (as I just did tonight). Something to consider.
Anonymous
Anonymous   |     |   Comment #29
Near me many more Chase ATMs than credit unions. I have direct deposit so I have free checking. Also I need a bank that can provide signiture guarantees. I also go to Manhattan and I have never seen a CU there. Your situation is different from mine. I only have checking with Chase.
Anonymous
Anonymous   |     |   Comment #22
I refuse to do any business with WFC regardless what they offer in convenience of ATMs or any other perks. They have defrauded so many customers in the worst ways. One must have certain standards.
susan
susan   |     |   Comment #16
The terms and conditions stated online seem pretty clear that as long as you don't currently have an active checking account there isn't an issue. www.wellsfargo.com/250offer I see nothing that indicates you can't have had an account way back in history.
Anonymous
Anonymous   |     |   Comment #18
Wells Fargo has 3 accounting ledgers, one for IRS, one for the SEC and one for the stupid investors.
If you do not believe that, just go to SEC web site and read their monthly and quarterly filings with SEC and then go to their investor pages and compare. You will be shocked of what they are doing. They book income of non existing investments in a non existing derivative global scheme to defraud anyone trying to outsmart them. They have a list of over one trillion invested funds that not even Goldman Sachs can decipher the worth of those accounts.
Anonymous
Anonymous   |     |   Comment #19
Having books for different rules/regs is not an issue in and of itself
Anonymous
Anonymous   |     |   Comment #24
#19, Just imagine, IRS income shows as $0.00 tax owed, SEC income shows $1 billion minus $3/4 billion expenses and Investor disclosure shows $1 billion profit only for the year and the expenses are moved in a holding company that never get disclosed to the investors. Please solve the above since it is not an issue as per your findings.
Anonymous
Anonymous   |     |   Comment #26
Accounting 101...different rules for different rules/regs...Get over it and move on!
Anonymous
Anonymous   |     |   Comment #27
#26, "Accounting 101" is for kids, does not apply to Corporations and income is income no matter where you enter the numbers. According to GAAP the same accounting numbers must show up in any accounting books, unless the company is hiding or overstating the income or expenses to commit fraud. There are no DIFFERENT accounting rules. Bellow is an insert from FASB: Financial Accounting Standards Board (FASB). The Financial Accounting Standards Board (FASB) is an independent, self-regulatory board that establishes and interprets generally accepted accounting principles (GAAP). It operates under the principle that the economy and the financial services industry work smoothly when credible, concise, and clear financial information is available. FASB periodically revises its rules to make sure corporations are following its principles. The corporations are supposed to fully account for different kinds of income, avoid shifting income from one period to another, and properly categorize their income. Furthermore, all income and expenses must be same in all forms chosen to be reported to the general public and all Government agencies.
Anonymous
Anonymous   |     |   Comment #28
Anonymous 26, where did you learn that there are different rules/regs for the corps. I never heard that one before. I just wonder who is issuing these different rules and why a corp is allowed to report different income and expenses in different forums? What numbers in what forums are true and in which forum it is a fraudulent and allowed to stand and why?
Anonymous
Anonymous   |     |   Comment #31
#27 and #28, Thanks for your explanation and contribution. I can not believe that some of the readers/posters live in a wild west mentality and allow and accept anything goes when the accounting is concerned.
If that is what they learn in schools these days, our society is in big trouble.
Anonymous
Anonymous   |     |   Comment #32
I believe it was Your paranoid post that brought up the subject
Anonymous
Anonymous   |     |   Comment #33
For example...if one is a particular contractor to gov't there are gov't accounting rules. Different rules for SEC, IRS, etc
Anonymous
Anonymous   |     |   Comment #35
#33, wow, now there are different "gov't accounting rules". Wells Fargo never lends money to gov't. Isn't the other way around, Wells Fargo only received bail out money from you and me and the rest of the Americans because they did fraud and were selling worthless pieces of paper to the innocent buyers.
a
a   |     |   Comment #23
Is there any fees/penalty to close account after getting bonus in 45 days? (Or maybe not getting bonus, whatever may be the case.) How about extracting $250 from Wells maybe as a means of not-defrauding the bank, but still exacting some sort of consumers' justice?
Anonymous
Anonymous   |     |   Comment #30
Does anybody know if there is a hard credit pull ?
Anonymous
Anonymous   |     |   Comment #40
Soft pull, confirmed. Equifax.
Anonymous
Anonymous   |     |   Comment #41
Thanks ! :)
Bozo
Bozo   |     |   Comment #34
Just a bit of trivia to lighten your day. The Wells Fargo jingle (quoted by Ken above, the "Wells Fargo Wagon's Comin' Down the Street") is from the "Music Man". More trivia, the little kid who joins in towards the end of the scene (the one who has the lisp, who gets the coronet of gold off the Wells Fargo Wagon), is none other than Ron Howard. Video available on YouTube.
Bozo
Bozo   |     |   Comment #36
More trivia. The latter reprise, scroll to 1.13.00. https://www.youtube.com/watch?v=rroZXCYbqmc.

While few would accuse Matthew Broderick, in the reprise, of matching Robert Preston, it is a worthy alternative. The Wells Fargo Wagon, however, is best viewed on the original, on YouTube.
Bozo
Bozo   |     |   Comment #37
More trivia (part deux). Perhaps the best High School performance of the Music Man is here. https://www.youtube.com/watch?v=1lrF4xQiny0&t=250
gregk
gregk   |     |   Comment #42
Deleted.  Deleted.  Deleted.
topkapi56
topkapi56   |     |   Comment #43
Wells Fargo? No way. Not now. Not ever. I will not be a party to enabling unethical and/or criminal behavior. When you lie down with dirty dogs, you get fleas.
aglet
aglet   |     |   Comment #44
Wells Fargo site link for bonus has been taken down
Guest
Guest   |     |   Comment #45
Links to $250 bonus offer were dead on Friday March 10, 2017.
JayP
JayP   |     |   Comment #46
Aww man... Just when I decided to take the plunge!
Saver
Saver   |     |   Comment #48
Yes..me too. :(
Duston
Duston   |     |   Comment #47
Not working
lOK
lOK   |     |   Comment #49
THE LINK IS EXPIRED?
chandrakuanar
chandrakuanar   |     |   Comment #50
the link is not working. Is they really extended the bonus offer?
AVq21
AVq21   |     |   Comment #51
IT IS EXPIRED. NO SUCH LINK EXIST ON WELLS FARGO WEBSITE.
frustrated customer
frustrated customer   |     |   Comment #53
How funny you are offering a checking account with a bonus and you are not able to service the customers who have been with you for a long time. you have taken the good name and gound it to dust with the greed. The ex employees who have given their all and have either been fired or just left because they could not handle the sales requirements any longer should get compensation for trying to follow the rules. I am slowly leaving WF because of your tatics. There is no more trust.
Cho1
Cho1   |     |   Comment #54
I applied and was approved for the promotion .I met all of the qualifications, and 45 days later have yet to see the $250 deposited into my account. I'm getting the runaround from customer service and the branch. Any suggestion?
Nothing
Nothing   |     |   Comment #55
"Runaround from Wells? Really!
Cho1
Cho1   |     |   Comment #56
Yes , Really!! Any suggestion?
Nothing
Nothing   |     |   Comment #57
Why would anyone do business with them given their business practices!
Brent
Brent   |     |   Comment #58
Same is happening to me, telling me there were no direct deposit requirements and only debit card... what a sham
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