There’s a new Wells Fargo bonus for $500. It requires a new checking and savings account to be opened in-branch, and it’s limited only to a few states.
Bonus Requirements
New customers can qualify for a $500 bonus by fulfilling the following requirements at a Wells Fargo branch:
- Open a new, eligible consumer checking account with a minimum deposit of $25, and within 150 days, set up and receive at least 3 consecutive monthly direct deposits of $500 or more a month, AND
- Open a new, eligible consumer savings account with a minimum deposit of $25, and within 10 days, deposit at least $25,000 in new money, and maintain a balance of at least $25,000 for 90 days.
Your $500 bonus will be deposited into your new consumer checking account within 45 days after eligibility and qualifications are met.
Eligibility
- This is an exclusive, non-transferable offer. A valid bonus offer code will be provided to each customer while meeting with a banker. You are not eligible for this offer if:
- You are a current owner of a Wells Fargo consumer checking account or savings account
- You are a Wells Fargo team member
- You have received a bonus for opening a Wells Fargo consumer checking account or savings account within the past 12 months
- Offer is only available to customers in the following states: Minnesota, Montana, North Dakota, South Dakota, Wisconsin.
Fees
The Wells Fargo Everyday Checking account has a monthly service fee of $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
- Linked to a Wells Fargo Campus ATM or Campus Debit Card
You also receive a $5 monthly service fee discount off the $10 monthly service fee when the primary account owner is 17 through 24 years of age.
Savings account doesn’t have any fees.
Guru’s Wrap-Up
A pretty good bonus if you’re in one of the eligible states and have a branch nearby. Looks like you need to open both the savings and checking account to get the $500 bonus. There’s no partial bonus available for each account through this offer. But you can get this $200 bonus for checking only.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by visiting dannydealguru.com/tag/NY-bank-bonus/. Just replace NY with your state or with “nationwide”.
And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
Offer details
- Offer Page
- Account Type: Checking and Savings
- Availability: MT, ND, SD, MN, WI
- Expiration Date: 3/22/2019
- Type of Inquiry: Soft pull
- Direct Deposit Requirement: 3x $500
- Other Requirements: $25K balance for 90 days
- Credit Card Funding: Up to $50
- Monthly Fee: $10 but can be waived
- Closing Account Fee: None
HT: DoC
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