[DEAD] [Nationwide] Wells Fargo $400 Checking Bonus – Available Online

Update 7/16/20: Dea now, links no longer work.

Update 1/14/20: This bonus is actually available nationwide at this link. Updated the post below. (ht CobblerSalad)

Update 1/14/20: Apparently, some areas of Virginia work as well. (ht YAR)

Update 1/13/20: Dallas, TX and Washington D.C. have now been added to the list of eligible areas.

Offer at a glance

The Offer

Direct Link to offer – Nationwide | (Another link which only works in select areas)

  • Wells Fargo is offering a bonus of $400 when you open a new checking account and complete the following requirements:
    • Set up a direct deposit and receive a cumulative total of $4,000 in qualifying direct deposits over the course of the first 3 months.

The Fine Print

  • Eligibility Requirements:
    • Everyday Checking is the only eligible account for the $400 bonus when opened online. If you do not qualify for Everyday Checking but do qualify for Opportunity Checking®, this offer can still be applied to the Opportunity Checking account.
    • This offer is intended for new checking customers only. You are not eligible for this offer if:
      • You are a current owner of a Wells Fargo consumer checking account
      • You are a Wells Fargo team member
      • You have received a bonus for opening a Wells Fargo consumer checking account within the past 12 months

Bonus requirements:

  • Open a new, eligible Wells Fargo consumer checking account with a minimum opening deposit of $25 by July 31, 2020. All account applications are subject to approval.
  • Within 90 days of account opening (the “qualification period”), receive a total of $4,000 or more in qualifying direct deposits to your new checking account during the qualification period.
  • A qualifying direct deposit is a direct deposit of your salary, pension, Social Security, or other regular monthly income, electronically deposited through the Automated Clearing House (ACH) network to this checking account by your employer or an outside agency.
  • Transfers from one account to another, mobile deposits, or deposits made at a banking location or ATM do not qualify.
  • After the initial 90 days of account opening, your bonus will be paid within the next 30 days if you have met all offer requirements.
  • Throughout the qualification period and until the bonus is paid, you must maintain a balance in your account greater than $0. Accounts with a zero balance may be subject to automatic closure pursuant to the terms of the Deposit Account Agreement.
  • Once the 90-day qualification period has elapsed, we will determine if you have met the offer requirements, and will deposit any earned bonus into your new checking account within 30 days.
  • The new checking account must still be open at the time we attempt to deposit any earned bonus payment.
  • You are responsible for any federal, state, or local taxes due on the bonus and we will report as income to the tax authorities if required by applicable law. Consult your tax advisor.

Avoiding Fees

Monthly Fees

The Everyday Checking account comes with a $10 monthly fee. Get the fee waived with one of the following:

  • 10 debit card purchases and/or payments each statement cycle from this checking account, OR
  • Direct deposits totaling $500 or more each statement cycle, OR
  • Maintain a $1,500 minimum daily balance, OR
  • Link checking account to a Wells Fargo Campus ATM or Campus Debit Card

If you have a Wells mortgage, you might be able to get a higher-level account with no fees.

Early Account Termination Fee

There is no early account termination fee.

Our Verdict

Similar offer was available last year; the direct deposit requirement is a bit easier on this one since it’s $4k total versus $3k three times. Overall a terrific bonus if you can meet the direct deposit requirement.

Hat tip to Mdam0re

Useful posts regarding bank bonuses:
    Chuck
  • On January 14, 2020, 22:36
Tags: big

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