Wells Fargo has a $250 bonus offer for new checking account customers. You can open any consumer checking account except for Teen Checking. The prepaid Wells Fargo EasyPay® Card is not eligible. You must open the account from the special bonus page with a minimum opening deposit of $25 by February 17, 2017. (You can charge the opening deposit on a credit card.) Within 60 days of account opening, you must also do one of the following:
- Make 10 debit card purchases/payments.
- Set up a qualifying Direct Deposit of $500 to your new checking account.
Note that doing any one of these activities every month also waives the $10 monthly service fee on the Wells Fargo Everyday Checking account. Other ways to waive the monthly service fee are to maintain a $1,500 minimum daily balance or link the account to a Wells Fargo Campus ATM or Campus Debit Card.
In addition, to get the bonus 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)
Thanks to Lee and Adam for the tip. The annoying part? The page is contradictory in regards to who is actually eligible. Right above the “Important things to know about the $250 offer:” it says:
This is an exclusive, nontransferable offer.
But then right below that it says:
Offer available in all Wells Fargo branches or online at wellsfargo.com/250offer.
If I had to bet, I would say that Wells Fargo will give the bonus to anyone who applies through this special link and they approve your application. However, I can’t guarantee it so proceed at your own risk. This is a pretty nice offer if you were looking for a checking account at a “Mega Bank”.