[Expired] [Targeted] Wells Fargo $500 Business Checking Bonus

This bonus has expired, click here for other Wells Fargo business bank bonuses or here for the best current checking bonuses.

Offer at a glance

• Maximum bonus amount: $500
• Availability: Nationwide but targeted
• Direct deposit required: No
• Additional requirements: Deposit $500 within 60 days of account opening
• Hard/soft pull: Soft
• ChexSystems: Mixed reports
• Credit card funding: Can normally fund $50 online, not sure what in branch funding is like but I imagine it’s not available.
• Monthly fees: $14
• Early account termination fee: None
• Household limit: None listed
• Expiration date: April 2nd, 2018

The Offer

No direct link to offer

• Wells Fargo is offering a bonus of $500 when you open a new Business Choice or Platinum Business checking account when you complete the following requirements:
  • Deposit $2,000

Avoiding Fees

Business Choice Checking $14 Monthly Fee

This is the easier of the accounts to keep fee free. It has a monthly fee of $14 that is waived if you do any one of the following:

• Maintain a $7,500 average ledger balance
• $10,000 in combined balances (business checking, savings, CDs, and credit)
• 10 or more posted business debit card purchases/payments. This includes posted debit card purchases or posted debit card payments of bills from this checking account. This does not include transactions at an ATM
• Linked to a Direct Pay service through Wells Fargo Business Online Banking
• Qualifying transactions from a linked Wells Fargo Merchant Services account
• Qualifying transactions from a linked Wells Fargo Business Payroll Services account

You’re also not charged the monthly fees for the first 60 days/two statement cycles.

Early Account Termination Fee

There is no early account termination fee.

Our Verdict

This is even better than the $300 public bonus that’s currently available. Fingers crossed that Wells Fargo get desperate and make this is a public offer as well. If you do this in branch, don’t forget to add the $500 business credit card bonus as well. As it might be possible to get that card without a hard pull.

Big thanks to reader, JASON who let us know. Learn how to find bonuses and contribute to the site here.

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• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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• Banks That Allow/Don’t Allow Out Of State Checking Applications