Receive a total of $4,000 or more in qualifying direct deposits to the new checking account within 90 days from account opening (the qualification period).
Offer at a glance
Maximum bonus amount: **$400
Availability: **Nationwide
Direct deposit required: **Yes, $4,000
Additional requirements:
Hard/soft pull: **Soft
Credit card funding: **Can fund up to $50 online
Monthly fees: **$10, avoidable
Early account termination fee: **None,
Household limit: **None
Expiration date: July 31, 2020
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Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
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Paypal, Venmo, Cashapp.
Cashapp would be the best
Hope it helps
Holy crap, I went to Cashapp's desktop website and about had a seizure watching their site animations...how can they be taken seriously looking like that.
Wells Fargo is shady, I called their customer service and she said she couldn't help me if I didn't give her my full social security #.
I told her I didn't want to give it to her and she said then you'd have to go to the branch.
I hung up and called again, and the next person who picked up didn't even ask for my social security #.
I like the first rep.. at least she helps to ensure you are the account owner and protect ur asset ... Just my own opinion
So if we send the 4k before 90 days, the terms say they'll check eligibility once the 90 days hit. Has anyone gotten the bonus prior to 90 days and then immediately closed the account after bonus hit?
I realized because of my direct deposit changes I wasn't going to hit the $3k a month DD requirement for January, after opening in October and hitting Nov Dec. On Jan 31 did a Venmo withdrawal via normal processing speed and it posted that day as a direct deposit, got my bonus five days after completing the bonus terms.
FYI - it counted Venmo withdrawal as DD when selecting the normal 1-3 day processing time on Venmo, but instant deposits did not classify as Direct deposits.
I like the first rep.. at least she helps to ensure you are the account owner and protect ur asset ... Just my own opinion
She wanted my full social security so she can sign me up for credit cards so she can get bonuses. Haven't you heard of the Wellsfargo often doing that? They don't need full # to verify im the account owner, they have other methods
She wanted my full social security so she can sign me up for credit cards so she can get bonuses. Haven't you heard of the Wellsfargo often doing that? They don't need full # to verify im the account owner, they have other methods
Of course I read all the news about wf scandals... U sure she was not using it for id check. instead trying to open a credit card for u without ur authorization if yes. Then complain her however you want.
Of course I read all the news about wf scandals... U sure she was not using it for id check. instead trying to open a credit card for u without ur authorization if yes. Then complain her however you want.
they normally can just ask for last 4 digits of ssn to verify, or even send a verification text to your phone etc
Reading through the comments and WF terms & conditions. Here's my plan...see if there's an issue with my logic.
0. Current bank savings account balance is >$4,000
1. Transfer $1,005 from savings to Venmo/PayPal and let the transfer settle
2. Then transfer the $1,005 to new WF Checking account from Venmo/PayPal and let sit
3. Transfer another $1,000 to Venmo/PayPal from savings and let settle
4. Then transfer another $1,000 from Venmo/PayPal to new WF checking account
5. Transfer $2,000 from WF Checking to original Savings account (leaving $5 balance)
6. Transfer $1,000 as in steps 3-4 two separate times
7. Transfer $1,000 as in step 5 two separate times
This keeps a balance of $5, over the $0 terms WF has and the Venmo/PayPal transfer is seen as a direct deposit, as long as not doing a wire transfer type of thing.
If wanting to make it look more like a DD, I would do the transfers weekly or bi-weekly.
So, they'll send out a 1099MISC? There goes a big chunk of the $400.
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.
So, they'll send out a 1099MISC? There goes a big chunk of the $400.
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.
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Gasp. some did. sit down.
Cashapp would be the best
Hope it helps
I told her I didn't want to give it to her and she said then you'd have to go to the branch.
I hung up and called again, and the next person who picked up didn't even ask for my social security #.
I like the first rep.. at least she helps to ensure you are the account owner and protect ur asset ... Just my own opinion
Chase was a stickler for this so just wondering
FYI - it counted Venmo withdrawal as DD when selecting the normal 1-3 day processing time on Venmo, but instant deposits did not classify as Direct deposits.
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Of course I read all the news about wf scandals... U sure she was not using it for id check. instead trying to open a credit card for u without ur authorization if yes. Then complain her however you want.
0. Current bank savings account balance is >$4,000
1. Transfer $1,005 from savings to Venmo/PayPal and let the transfer settle
2. Then transfer the $1,005 to new WF Checking account from Venmo/PayPal and let sit
3. Transfer another $1,000 to Venmo/PayPal from savings and let settle
4. Then transfer another $1,000 from Venmo/PayPal to new WF checking account
5. Transfer $2,000 from WF Checking to original Savings account (leaving $5 balance)
6. Transfer $1,000 as in steps 3-4 two separate times
7. Transfer $1,000 as in step 5 two separate times
This keeps a balance of $5, over the $0 terms WF has and the Venmo/PayPal transfer is seen as a direct deposit, as long as not doing a wire transfer type of thing.
If wanting to make it look more like a DD, I would do the transfers weekly or bi-weekly.
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.
Sign up for a Slickdeals account to remove this ad.
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.