Received $250 For Opening Wells Fargo Everyday Checking Account

Our experience with opening a new Wells Fargo checking account with $250 signing bonus wasn’t much different than opening a Chase Total Checking account. The main difference? Everything was done online. It made the process less personal.

 

So, what did we have to do to get our $250 signing bonus?

 

It was promoted as an exclusive, nontransferable offer available only to those who received their direct mail offer. Even though we didn’t receive said offer we were still able to open this checking account. All it took was a visit to their web site to apply for it. The $250 bonus was already linked to the account.

 

The whole process was took less than a month – start to finish. We are, currently, planning on keeping the account open and using it for a few transactions. It could be a good one to use for light manufactured spending in order to meet minimum spending on credit cards. We will see what we do with this account. Detailed information and data points are below:

 

1/29/17: Applied, Approved and deposited $50 for the checking account online.  Received “Bonus is linked” info and it is shown in the 2nd picture below.

 

Wells Fargo application

 

Wells Fargo application

 

2/13/17: Received the Wells Fargo Platinum Debit Card

 

Wells Fargo platinum card

 

2/16/17: Received the PIN Number for the Debit Card. But didn’t used it yet.

2/17/17: Received the congratulations letter. 

 

Wells Fargo letter

 

2/22/17: Chase deposited small amounts in order to verify the account.

2/24/17: Transferred $510 from Chase checking to Wells Fargo checking. It counted as direct deposit and that meant we didn’t have to make 10 debit transactions.

2/27/17: $250 is deposited to the account.

Wells Fargo account deposit transfer Chase

 

And just like that, in less than a month, we received our $250. This account was Mrs. DailyGrindFree’s name. I will probably get one on my name too. Stay tuned.

 

Additional info on the offer:

1. Important things to know about this offer:
Eligibility:
  • All consumer checking accounts, including non-interest-earning checking accounts (except Teen CheckingSM) are eligible for the bonus of $250 when opened in a retail banking location. The prepaid Wells Fargo EasyPay® Card is not eligible.
  • Wells Fargo Everyday Checking is the account eligible for this offer when opened online.
  • 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 1 bonus per customer)
Bonus Qualifications:
  • Open a new, eligible consumer checking account with a minimum opening deposit of $25 (not including the bonus) by March 3, 2017.
  • Within 60 days of account opening, either make 10 purchases/payments with your Wells Fargo Debit Card or establish a qualifying direct deposit to the consumer checking account opened for this bonus offer.
    • The 10 debit card purchases/payments must be from the primary linked consumer checking account opened for this offer. Transactions at an ATM are not counted as a debit card purchase/payment.
    • A qualifying direct deposit is your salary, pension, Social Security, or other regular recurring monthly income of an accumulated $500 or more, electronically deposited to your consumer checking account by your employer or an outside agency. Transfers from one account to another or deposits made at a banking location or ATM do not qualify as a direct deposit.
  • Offer available in all Wells Fargo branch locations, online at wellsfargo.com/welcome250, or by phone at 1-800-932-6736.
  • Offer cannot be:
    • Paid without providing a valid (W-9) and U.S. taxpayer ID
    • Combined with any other consumer deposit offer
    • Reproduced, purchased, sold, transferred, or traded
Bonus Payment:
  • We will deposit the bonus into your new checking account within 45 days after eligibility and qualifications have been met.
  • You are responsible for any federal, state, or local taxes due on your bonus and we will report as income to the tax authorities as required. Consult your tax advisor.
2. 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 (this includes posted debit card purchases or posted debit card payments of bills from this checking account, but does not include transactions at the ATM); or 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.
3. Your mobile carrier’s message and data rates may apply.

 

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