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

+20 Deal Score
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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 Jan 2021
L3: Novice
> bubble2 134 Posts
10 Reputation
BargainShopper101
04-11-2022 at 11:22 PM.
04-11-2022 at 11:22 PM.
I'm gonna try it via sole proprietor and only ss# ! Cross fingers
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Joined Jul 2008
L5: Journeyman
> bubble2 747 Posts
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tptiburon
04-11-2022 at 11:36 PM.
04-11-2022 at 11:36 PM.
Quote from willygee :
A bit off topic but recommendations on a good, trustworthy bank these days with good customer support?
If you're just looking for a non-business, online bank, then Ally has been great for me. They have 24/7 support with US based, English speaking reps. Even at 2am on a Saturday night, a very nice American will answer the phone. Checking accounts get .25% interest, High Yield Savings now get .5% interest, and you can buy stocks through them too. But their customer service has been the best part of working with them. But they do not have business accounts. If you do a business account through them, they'll close your account.

Which led me to Kabbage for business. The cust svc definitely isn't like Ally. Their advantage is 1.1% interest on your business checking account. Even up to $100,000. It's better than most High Yield Savings accounts. But even though AmEx just bought them, they still feel like their in the 90's. Online checking is VERY basic...but it works. No fees, no frills...and they pay that 1.1% every month. Their cust svc are US reps, but don't be surprised if your rep asks you to hold, and you overhear: "Hold on, Mama's working!"..."sorry, please continue."

Those are the 2 banks I've used, and it's been the last 3 years with Ally, and 1 year with Kabbage. Hope that helps!
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Joined Apr 2019
L5: Journeyman
> bubble2 519 Posts
76 Reputation
Min13
04-12-2022 at 02:30 AM.
04-12-2022 at 02:30 AM.
Quote from SlySol :
I did the same deal a few months ago and had no issues. There are always going to be occasial issues, but I've also seen others get it with no problem. I opened the account at a local branch and did transfers after the account was open for a while though.
I agree. I would never go by one person's experience.
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Joined Aug 2008
L3: Novice
> bubble2 210 Posts
195 Reputation
Pro
Lituanus
04-12-2022 at 03:51 AM.
04-12-2022 at 03:51 AM.
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.
Had exactly the same situation with Chase Bank several years ago. I only got my 5K deposit back after contacting Consumer Financial Protection Bureau. Wasted multiple days trying to resolve this. Submit the complaint to CFPB as soon as possible - https://www.consumerfinance.gov/complaint/
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Joined Aug 2018
L3: Novice
> bubble2 169 Posts
18 Reputation
AndrewM6821
04-12-2022 at 04:50 AM.
04-12-2022 at 04:50 AM.
Wells Fargo has been in trouble how many times for fraud and doing stuff behind customers back. Would not surprise me this promo will lead to another legal action. Im sure arbitration agree is there for customers but not congress
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Joined May 2015
L9001: Lurker
> bubble2 9,273 Posts
1,164 Reputation
texst
04-12-2022 at 05:19 AM.

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

04-12-2022 at 05:19 AM.
Quote from DEALGUY315 :
Why in branch only??
So they can cherry-pick the best customers
1
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Joined Nov 2009
L8: Grand Teacher
> bubble2 3,288 Posts
504 Reputation
GoodVibrations
04-12-2022 at 07:12 AM.
04-12-2022 at 07:12 AM.
Quote from Binar :
Lost 3k because of WF. Never again
You can't just drop that then leave. 3K is significant. Please expound
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Joined Sep 2010
L5: Journeyman
> bubble2 800 Posts
416 Reputation
Flawless700
04-12-2022 at 07:51 AM.
04-12-2022 at 07:51 AM.
Banks do 500, 750 promos for consumer accounts all the time. There is nothing strange about this except, just like everything else has gone up, the bonuses are going up too.

Business accounts are extremely valuable to banks. They are 10x higher revenue generator than a consumer checking account. This does not surprise me.

Also, banks have to deal with the craziest compliance and regulations of any industry, by far. They can EASILY decide to not do business with someone for no reason if they have even a whiff, a hint of something not seeming right. They don't want the risk. If you don't like that, blame the government, not the bank. There are tons of "prohibited industries" that can be even remotely suggested by the name of a business and the bank won't want to go near it.

You can choose not to do business with a bank, and discontinue your relationship with a bank WITHOUT explanation. Banks can do the exact same the other way around, and they should.
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Joined Jan 2020
L6: Expert
> bubble2 1,412 Posts
73 Reputation
SiennaDeer8270
04-12-2022 at 08:18 AM.
04-12-2022 at 08:18 AM.
Quote from GoodVibrations :
You can't just drop that then leave. 3K is significant. Please expound
No one cares how much this guy lost doing manufactured spending. Why do you want him to provide details of his unethical tactics? Losing 3k is chump change to these guys. Its the cost of doing business.
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Joined Jan 2014
Justice League
> bubble2 262 Posts
42 Reputation
Batmannn
04-12-2022 at 08:44 AM.
04-12-2022 at 08:44 AM.
Quote from coolraaj15 :
Requirements to open business account?
I do not own any
An ein#
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Joined Apr 2019
Special Agent
> bubble2 117 Posts
18 Reputation
stiladam
04-12-2022 at 08:53 AM.
04-12-2022 at 08:53 AM.
Tempting, but I probably trust Bernie Madoff more than Wells Fargo
1
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Joined Jul 2013
L7: Teacher
> bubble2 2,462 Posts
319 Reputation
thelegaldreamteam
04-12-2022 at 08:56 AM.
04-12-2022 at 08:56 AM.
Fraud Fargo.
1
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Joined Mar 2004
L6: Expert
> bubble2 1,634 Posts
202 Reputation
Bobloadmire
04-12-2022 at 09:00 AM.
04-12-2022 at 09:00 AM.
Quote from saluteyourshorts :
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.
lol ok, we'll I'll take $1500 from WF
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Joined Jun 2016
L5: Journeyman
> bubble2 709 Posts
308 Reputation
saluteyourshorts
04-12-2022 at 10:22 AM.
04-12-2022 at 10:22 AM.
Quote from Bobloadmire :
lol ok, we'll I'll take $1500 from WF
It's your choice, of course, but you're making a deal with the devil. And one way or another, the devil gets his due.
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Joined Dec 2004
L5: Journeyman
> bubble2 886 Posts
181 Reputation
jdixon
04-12-2022 at 10:43 AM.
04-12-2022 at 10:43 AM.
Too bad I did the $750 bonus offer back in the fall. FWIW, the WF bashing surprises me -- I do business both WF and BoA business accounts, and WF is consistently superior. Customer assistance, limits, terms, services & fees, ...you name it; so far, pretty much better across the board.
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Last edited by jdixon April 12, 2022 at 10:46 AM.
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