Wells Fargo $325 Checking + $225 Savings Account Bonuses

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Updated with current $325 Checking + $225 Savings offers. Wells Fargo has brought back a few larger bonuses for both new checking and savings account customers. The checking bonus requires direct deposit and the savings bonus requires a $10,000 new money deposit for at least 90 days. You must live in an eligible zip code, but their footprint is pretty big. Found via DoC. Currently, the offers end on April 9th, 2024.

  • $325 bonus for a new Everyday Checking account. 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.
  • $225 bonus for a new Way2Save® Savings account. You are not eligible for this offer if you currently have Wells Fargo consumer savings account or if you have received a bonus for opening a Wells Fargo consumer savings account within the past 12 months.

$325 Everyday Checking account bonus details.

  • Open a new Everyday Checking account with a minimum opening deposit of $25 by April 9, 2024 online via the link above. If you open in-branch, you must first generate a bonus offer code via the link above.
  • 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.

In the past, Wells Fargo has not done a “hard credit check” upon a new account opening, while also being pretty flexible with what qualifies as a direct deposit.

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 “electronic” deposits

$225 Way2Save Savings account bonus details.

  • Open a new new Way2Save Savings account with a minimum opening deposit of $25 by April 9, 2024 online via the link above. If you open in-branch, you must first generate a bonus offer code via the link above.
  • Within 30 calendar days of account opening (the “qualification period”), deposit $10,000 or more in new money to your new savings account and maintain at least a $10,000 balance for 90 days after account opening. New money is money that is new to the customer or new to Wells Fargo (deposited into the customer’s new savings account from outside of Wells Fargo and Company and all affiliates, or from a Wells Fargo account not owned by the customer).
  • Bonus will be deposited into your new savings account within 30 days after you have met all offer requirements.

The Way2Save interest rate is a horrible 0.01% APY. However, receiving the $225 bonus for holding $10,000 for 90 days works out to roughly a 9% annualized rate of return over those 90 days.

The Way2Save® Savings $5 monthly service fee can be avoided with one of the following each fee period:

  • $300 minimum daily balance
  • 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account
  • 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account.
  • 1 or more Save As You Go® transfers from a linked Wells Fargo checking account.
  • Primary account owner is 24 years old or under. (When the primary account owner reaches the age of 25, age can no longer be used to avoid the monthly service fee.) Customers 12 and under must have an adult co-owner.
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Comments

  1. Jason Boxman says

    This is incredible. I have a Wells down the street. I’ll give this a shot next week, and report back.

  2. Michael Anderson says

    Yahoo Finance has an article listing 19 Wells Fargo scandals over a 2.5 year period. That’s far beyond my threshold level for trust.

    • Fred Redmon says

      Don’t trust them but take their money is my motto. With this I will be + 1,700 over the last few years.

    • Why anyone would ever consider Wells Fargo for – well, anything – is beyond me.

      They should have been shut down by the DOJ years ago.

      Come on, Jonathan … you can do better than this.

    • Jacob Blumberg says

      I completely agree stay far far away! As soon as you open an account your putting your trust in them that they won’t open fake accounts for you, which they did to hundreds of customers or more.

    • yeah, let there be some vetting. i mean, what’s next, great interest rates on russian war bonds?

  3. ” You are not eligible for this offer if you currently have Wells Fargo consumer checking account”
    Do they consider joint account holding also currently having an account ?

  4. You guys be righteous. I’m going to take their $300 (and laugh all the back to my original bank).

  5. I LOVE THIS – Thank-you for the link!

    Question…I did not see anything in the terms that said only one bonus per household or address?
    I’m opening one account in my name…has anyone done more than one per household??
    If so, I’m opening one in my wife’s name, my kids names, etc…

    I’m not worried about the ACH as I have a paycheck that I can split into multiple accounts to be paid….but in the past, an ACH transfer from one back to another bank was usually enough to trigger the ACH requirement. Has anyone seen Wells Fargo deny on a transfer of money in or out from another bank and claim it was not a valid ACH??

    As to the haters…Ok, yeah, so Wells Fargo did some shady crap in the recent past (not to me mind you) but it’s not like they did some Bernie Madoff type crap. I love the part how this started out as a newspaper story (and a legit one at that), and then years later, the Consumer Financial Protection Bureau comes in and decides to slam Wells Fargo with a $100 million dollar fine! Which guess what, goes STRAIGHT to the coffers of the Consumer Financial Protection Bureau!! Yep, not the US Treasury, not those screwed over…but the self-licking ice cream cone – called the Consumer Financial Protection Bureau! Thanks Elizabeth!

    But yeah, I’m good for $300 if they’re giving…somehow I have to offset BindenFlation!

  6. Does transferring from another bank account to Wells Fargo qualify for the bonus?

  7. Anyone successfully opened one online?
    I tried multiple times but always telling me to go to a branch with given Bonus Offer Code.

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