Wells Fargo $200 Bonus For Checking Accounts, Direct Deposit Optional

February 8, 2019

Wells Fargo has a $200 bonus for new checking accounts. The offer was listed as available in Dallas, TX, Orlando, FL and Phoenix, AZ only originally, but it’s working in more areas. You can check eligibility at the beginning of your application.

Offer Requirements

Open a new, eligible consumer checking account in a branch or an Everyday Checking account online, with a minimum opening deposit of $25, by February 28, 2019. Then complete ONE of the following requirements:

Within 150 days of account opening, set up and receive at least three consecutive monthly direct deposits of at least $500 each month OR
Within 105 days of account opening, make a minimum of 10 posted purchases/payments per month, of at least $1 each, with your new Wells Fargo Debit Card for three consecutive months.
- 10 posted debit card purchases/payments within first 45 days.
- 10 additional posted debit card purchases/payments within the next 30 days.
- 10 additional posted debit card purchases/payments within the last 30 days.

Your $200 bonus will be deposited into your new Everyday Checking account within 45 days after eligibility and qualifications have been met.

Eligibility

Everyday Checking is the only eligible account for the $200 bonus. You cannot be:

A current owner on a Wells Fargo consumer checking account
A Wells Fargo team member
A recipient of a consumer checking bonus in the past 12 months (limit one bonus per customer)

Offer is listed as available in Dallas, TX, Orlando, FL and Phoenix, AZ only, but it’s working in other places as well. Check your eligibility by entering zip code at the beginning of the application.

Fees

The Wells Fargo Everyday Checking account monthly service fee is $10. The monthly service fee can be avoided with any one of the following each fee period:

Maintain a $1,500 minimum daily balance $500 or more in total qualifying direct deposits
10 or more posted debit card purchases/payments from this checking account
A linked Wells Fargo Campus ATM or Campus Debit Card.

There is a $5 monthly service fee discount when the primary account owner is 17 – 24 years old.

Guru’s Wrap-Up

We have seen this Wells Fargo $200 bonus in the past. It is a nice bonus for a checking account, but very limited, just three cities. Yo get the bonus you can just do 10 purchases/payments per month for 3 months. The account also comes with a $10 monthly fee that can be waived with a $1,500 minimum daily balance or 10 or more posted debit card purchases/payments.

Also check out our full list of available bank bonuses.