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Wells Fargo Business Checking - $1500 bonus with $5K balance for 60 days (must open account in branch)

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Open a new Wells Fargo Initiate Business Checking, Navigate Business Checking, Optimize Business Checking or Analyzed Business Checking account with a minimum opening deposit of $25 by May 13, 2022.
  1. Open a new, eligible business checking account at a Wells Fargo branch with a minimum opening deposit of $25 by 05/13/2022. You must provide the bonus offer code to the banker at the time of account opening.
  2. Have at least $5,000 ending daily balance in your new business checking account on the 30th calendar day and the 60th calendar day after account opening.
  3. We will deposit the bonus into your new business checking account within 30 days after meeting all offer requirements.


https://bonusoffer.wf.com/smallbi...ingoffer3a
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These responses are not provided or commissioned by the bank advertiser. 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. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Joined Dec 2016
L4: Apprentice
> bubble2 392 Posts
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k9thunderspg
04-11-2022 at 08:11 PM.
04-11-2022 at 08:11 PM.
Quote from jneset :
TIN required, good add to wiki!

+this verbiage causes me to immediately exit the thread, whatever it means/correlates to.
Business Account Addenda (PDF)
Deposit Account Control Agreement
Account maintenance per month $275 per account
Setup/Amendment $965 per agreement

Some tips for having taken advantage of targeted mail $1,250 offer in Dec 2021:
WF deposited $1,250 after a month of account opening.

1. Call soon to make an appointment with WF business branch manager. Not all WF location has a business account department. 1st available date for me was 6 weeks away.

2, WF asked for proof of business which for me was a state LLC filing that cost $300 last year. Already had TIN from years ago but used my SSN.
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Joined Nov 2016
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juanv1226
04-11-2022 at 08:14 PM.
04-11-2022 at 08:14 PM.
Quote from munkae :
be aware of my recent experience with Wells Fargo. Tried opening a wells fargo account mid march after getting a mailer from them. Mailer said I could get a $325 bonus by opening personal checking account. Opened the account at night, was approved said I qualified for the bonus, etc. The next morning I get an email from their fraud department that they closed my account. When I called them, they told me it was a "business decision" to close my account (essentially that they don't want to do business with me). There was no way to keep it open. Anyway, when I set up the account I ACH transferred $200 from my other account. This ACH transaction still went through a few days later but never showed up in Wells Fargo because the account was already closed.

Been back and forth with both banks. Wells Fargo tell me to call my bank because they have no record of the transaction. My other bank tells me to contact Wells because it's an ACH transaction. Bottom line is, money was debited from my account by Wells and they refuse to do anything about it. Tried everything. This very well could be Well Fargo's new scam.

I used to work for them. I can't say for sure why they did it but I do know that if you tend to open accounts to take advantage of bonus offers then close the account once you've received them. Banks will prevent you from opening new ones in the future. This is true for most retail banks.
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Joined Mar 2016
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Rookies1000
04-11-2022 at 08:15 PM.
04-11-2022 at 08:15 PM.
Did it many years ago. Beware it is in branch only and they will review business documentation to confirm eligibility.
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Joined Sep 2006
WE LIKE IKE!!!
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willygee
04-11-2022 at 08:16 PM.
04-11-2022 at 08:16 PM.
A bit off topic but recommendations on a good, trustworthy bank these days with good customer support?
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Joined Feb 2016
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nickyt1
04-11-2022 at 08:27 PM.

Our community has rated this post as helpful. If you agree, why not thank nickyt1

04-11-2022 at 08:27 PM.
This is pure insanity.
Quote :
Penalty total since 2000:
$21,874,892,841
https://violationtracker.goodjobs...ells-fargo
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Joined Jun 2016
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saluteyourshorts
04-11-2022 at 08:31 PM.
04-11-2022 at 08:31 PM.
Seems like a good deal, but Wells Fargo has maliciously and fraudulently screwed over too many people too many times. When I get offers from Wells Fargo in the mail, they immediately go directly into the shredder. I don't open them, as I worry that even opening the envelope will start a chain of fraudulent events that will cause them to somehow foreclose upon my house at some random point in the future.
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Joined Dec 2012
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luvmikey
04-11-2022 at 09:01 PM.
04-11-2022 at 09:01 PM.
A lot of banks took on junk loans that crashed the housing market. So many of them are bad, BUT yea if u seen Dirty Money, you should be well aware of the scamming, bad practice, negligence and big one, lack of trust, Wells Fargo has earned because of it's manipulative and deceiving practices. $1500 is nice and really hard to pass on...I'd rather not give WF my acceptance of their T&A and do business with them, but I totally get why others will rush in and out. Just have your calendar or Alexa device remind you in 60 days to close that sucker down
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Joined Jun 2010
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dartshi1
04-11-2022 at 09:12 PM.
04-11-2022 at 09:12 PM.
Quote from munkae :
be aware of my recent experience with Wells Fargo. Tried opening a wells fargo account mid march after getting a mailer from them. Mailer said I could get a $325 bonus by opening personal checking account. Opened the account at night, was approved said I qualified for the bonus, etc. The next morning I get an email from their fraud department that they closed my account. When I called them, they told me it was a "business decision" to close my account (essentially that they don't want to do business with me). There was no way to keep it open. Anyway, when I set up the account I ACH transferred $200 from my other account. This ACH transaction still went through a few days later but never showed up in Wells Fargo because the account was already closed.

Been back and forth with both banks. Wells Fargo tell me to call my bank because they have no record of the transaction. My other bank tells me to contact Wells because it's an ACH transaction. Bottom line is, money was debited from my account by Wells and they refuse to do anything about it. Tried everything. This very well could be Well Fargo's new scam.
I had similar experiences. Transferred money from a bank to wells account. The fraud department wanted to verify it. After that, the money is gone!!!

I filed a case with federal consumer agency. Finally a wells executive assistant contacted me. Even she cannot figure out. After weeks, she finally asked the fraud department to release the money. I asked for compensation for such a fraud and wasted time. They rejected and only say they will retrain their employees. What a joke. I still have accounts with them. But i donot trust them and will not do big transactions with them.
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Joined May 2008
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Phaenon
04-11-2022 at 09:13 PM.
04-11-2022 at 09:13 PM.
Quote from JSP0421 :
Contact your state Attorney General. I bet they would love to here about this.
You need to write to the office of the comptroller of the currency. It will be resolved within 48 hours.
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Joined May 2008
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Phaenon
04-11-2022 at 09:18 PM.

Our community has rated this post as helpful. If you agree, why not thank Phaenon

04-11-2022 at 09:18 PM.
Quote from munkae :
be aware of my recent experience with Wells Fargo. Tried opening a wells fargo account mid march after getting a mailer from them. Mailer said I could get a $325 bonus by opening personal checking account. Opened the account at night, was approved said I qualified for the bonus, etc. The next morning I get an email from their fraud department that they closed my account. When I called them, they told me it was a "business decision" to close my account (essentially that they don't want to do business with me). There was no way to keep it open. Anyway, when I set up the account I ACH transferred $200 from my other account. This ACH transaction still went through a few days later but never showed up in Wells Fargo because the account was already closed.

Been back and forth with both banks. Wells Fargo tell me to call my bank because they have no record of the transaction. My other bank tells me to contact Wells because it's an ACH transaction. Bottom line is, money was debited from my account by Wells and they refuse to do anything about it. Tried everything. This very well could be Well Fargo's new scam.
https://appsec.helpwithmybank.gov/olcc_form/. Fill your out. You will be overnighted a check. You are welcome
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Joined Jul 2013
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thelegaldreamteam
04-11-2022 at 09:45 PM.
04-11-2022 at 09:45 PM.
Quote from JSP0421 :
Contact your state Attorney General. I bet they would love to here about this.

AG probably in on the scam too.
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Joined Jul 2015
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SantoGold
04-11-2022 at 10:52 PM.
04-11-2022 at 10:52 PM.
Quote from willygee :
A bit off topic but recommendations on a good, trustworthy bank these days with good customer support?
If you can live without going to the actual bank to get services, get someone related to you who was or still is in the military to get you a USAA or Navy Federal membership. There are some loopholes in "Household members" but I'm sure you can figure it out.

RIP Washington Mutual, was always nice to have plenty of branches around every city. Too bad they lent out more than they could chew. They had so many ATM's around every part of the city. That was the last non-military affiliated bank I was with.
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Joined Feb 2010
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Binar
04-11-2022 at 10:56 PM.
04-11-2022 at 10:56 PM.
Lost 3k because of WF. Never again
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Joined Nov 2013
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SnowJunkie21
04-11-2022 at 11:02 PM.
04-11-2022 at 11:02 PM.
Quote from tptiburon :
Doesn't look like the requirements are that tough to open, but there are a TON of fees for everything. You need a minimum of $5000 DAILY balance, (so never drop below that) but once you deposit more than your first $5k it looks like there's a fee on those deposits too.

The main fee I saw was the $75 monthly fee. But even if it takes them 3 months until they pay you (60 day minimum then 30 more days until bonus pays out), it's $1500 - $225 = $1275 gain in the end.

Here's the link to the requirements, and then there's a pdf of 14 pages of fees...yep 14 pages listing all the fees.

https://bonusoffer.wf.com/smallbi...ingoffer3a

The bonus is good, but with all those fees I feel there's a "gotcha!" buried in there somewhere. Wells isn't known for their upstanding banking practices...

You should really edit this post to have correct information. You only need to open an Initiate Business Checking which has no fees with $500 daily balance.

Also more on topic discussion interested go over to DocOfCredit.
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