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."
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 didn’t have to search for this Wells Fargo bonus: it was 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 with a minimum deposit of $25 by February 17, 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.
While the $250 bonus is available online and in-branch, according to the landing-page, only the Everyday Checking account can be opened online when applying for the bonus.
To open a different account eligible for this offer, please bring
your personalized offer code to your nearest Wells Fargo branch.
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.
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 can be done online, if a new Everyday Checking Account is being opened. If another checking account is being opened, applying for the $250 bonus must be done at any of more than 6,100 branches located in Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Minnesota, Mississippi, Montana, North Carolina, North Dakota, Nebraska, Nevada, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.
Wells Fargo Bank (FDIC Certificate # 3511) 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 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.