Wells Fargo Offers Easy $250 Checking Bonus

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.

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.