Wells Fargo has a $300 bonus offer if you open a new Everyday Checking account from with $25+ by March 31, 2022. You are not eligible for this offer if you currently have Wells Fargo consumer checking account or if you have received a bonus for opening a Wells Fargo consumer checking account within the past 12 months.
Here are the bonus requirements:
- Open a new Wells Fargo consumer checking account with a minimum opening deposit of $25 by March 31, 2022.
- Within 90 calendar days of account opening (the “qualification period”), receive a total of $1,000 or more in qualifying direct deposits to your new checking account. “A qualifying direct deposit is an ACH (Automated Clearing House) automatic electronic deposit of your salary, pension, Social Security, or other regular income into your bank account.”
- Once the 90-day qualification period has elapsed, they will deposit any earned bonus into your new checking account within 30 days.
The Wells Fargo Everyday Checking account monthly service fee is $10, but it is waived with one of the following each fee period:
- $500 minimum daily balance
- $500 or more in total qualifying direct deposit
In the past, Wells Fargo has not done a “hard credit check” and also historically not been pretty flexible with what qualifies as a direct deposit. I usually transfer money from one of my brokerage accounts, as that comes from my dividend payments from stock holdings which I consider my “regular income”. This is a solid offer as the requirements are relatively easy.
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