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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 May 2016
L5: Journeyman
> bubble2 784 Posts
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xuyong9719
04-12-2022 at 10:50 AM.
04-12-2022 at 10:50 AM.
What if I don't have tin?
1
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Joined Dec 2013
L3: Novice
> bubble2 135 Posts
14 Reputation
TommyT5780
04-12-2022 at 10:58 AM.
04-12-2022 at 10:58 AM.
looks like too much headaches. Probably best to put that $5k on a LEAP PUT option for either AAPL, VTI, MSFT, and cash it in months later or when you are at a gain.
4
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Joined Jul 2014
L1: Learner
> bubble2 13 Posts
22 Reputation
titankiller3000
04-12-2022 at 11:18 AM.
04-12-2022 at 11:18 AM.
Quote from TommyT5780 :
looks like too much headaches. Probably best to put that $5k on a LEAP PUT option for either AAPL, VTI, MSFT, and cash it in months later or when you are at a gain.

But what if the stocks rise? Your put options would be screwed. This offer from wells seems to carry 0 risk compared to your risky venture.
1
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Joined Mar 2004
L10: Grand Master
> bubble2 6,660 Posts
5,517 Reputation
practicalme
04-12-2022 at 11:47 AM.
04-12-2022 at 11:47 AM.
Quote from xuyong9719 :
What if I don't have tin?
A TIN is taxpayer identification number, like a social security number or an EIN.

https://www.irs.gov/individuals/i...umbers-tin
Reply
Joined Mar 2004
L6: Expert
> bubble2 1,634 Posts
202 Reputation
Bobloadmire
04-12-2022 at 11:49 AM.
04-12-2022 at 11:49 AM.
Quote from saluteyourshorts :
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.

Wait so how is it going to come due exactly?
Reply
Joined Apr 2005
L10: Grand Master
> bubble2 13,081 Posts
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Pro
TidalWaveOne
04-12-2022 at 12:51 PM.
04-12-2022 at 12:51 PM.
Quote from tptiburon :
The main fee I saw was the $75 monthly fee.
Wowsers.... I opened a Chase Business account awhile back and got $500... but the monthly fee is $0 if I keep $2000 in the account. The only fees I've paid are a few $15 wire transfer fees for the (relatively rare) times I have incoming wires.
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Joined Nov 2003
L10: Grand Master
> bubble2 16,573 Posts
1,399 Reputation
deshwasi
04-12-2022 at 01:01 PM.
04-12-2022 at 01:01 PM.
Quote from Flawless700 :
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.
No. banks and every business should learn how to do business. or they wont stay in business.
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Joined Apr 2007
L3: Novice
> bubble2 156 Posts
10 Reputation
rajivgandhi
04-12-2022 at 01:11 PM.
04-12-2022 at 01:11 PM.
Quote from k9thunderspg :
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.
Does having an "individual" (non business) ebay account qualify as business? Any workaround to LLC filing?
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Joined Apr 2007
L3: Novice
> bubble2 156 Posts
10 Reputation
rajivgandhi
04-12-2022 at 01:13 PM.
04-12-2022 at 01:13 PM.
Quote from BargainShopper101 :
I'm gonna try it via sole proprietor and only ss# ! Cross fingers
Will they ask for any proof of business in this case?
Reply
Joined Aug 2015
L9: Master
> bubble2 4,374 Posts
1,834 Reputation
Pro
SlySol
04-12-2022 at 01:33 PM.
04-12-2022 at 01:33 PM.
Quote from Flawless700 :
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.
Exactly. Banks have learned the business well and their algorithms generally recognize the customers who are acceptable risks versus those who may be more likely to incur losses for them or those who repeatedly harvest promo deals rather than legitimate customers.
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Joined Sep 2010
L5: Journeyman
> bubble2 800 Posts
416 Reputation
Flawless700
04-12-2022 at 03:11 PM.
04-12-2022 at 03:11 PM.
Quote from deshwasi :
No. banks and every business should learn how to do business. or they wont stay in business.

I agree with you, but every bank closes accounts without explanation. Every single one of them. And it's for the same reason. Risk tolerance. Establishing a relationship with a financial institution is not the same as buying a load of bread.

If you have a problem with that, send a letter to the government representative of your choice and tell them to relax the KYC, AML, CIP, FINCEN, Patriot Act, Dodd frank act, Reg B, C, D, DD, E, F, Z(all real regs) etc because that's why it happens, not because the bank hates to do business 😂
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Joined Sep 2010
L5: Journeyman
> bubble2 800 Posts
416 Reputation
Flawless700
04-12-2022 at 03:18 PM.
04-12-2022 at 03:18 PM.
Quote from rajivgandhi :
Will they ask for any proof of business in this case?

From their website, if you are a sole proprietor and use your own social, you would need a fictitious name certificate from your county/state unless your FULL name is in the business name.

So Matthew George's Greens needs nothing if it is a sole prop using your social.

Matt's Mittens, would require a fictitious name certificate because the full name is not in the business name.
1
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Joined Mar 2021
L2: Beginner
> bubble2 25 Posts
43 Reputation
FaithfulBird6760
04-12-2022 at 03:19 PM.
04-12-2022 at 03:19 PM.
People always complain about Wells Fargo but all banks are the same or Worst, the issue is that they got caught because they were the biggest one and without friends from congress unlike Citi or Chase that got free tax money. Growth up and stop complaining, I normally have better service at Wells Fargo than any other big bank except my credit union of course. But that depends on the region etc.
3
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Joined Apr 2007
L3: Novice
> bubble2 156 Posts
10 Reputation
rajivgandhi
04-12-2022 at 04:12 PM.
04-12-2022 at 04:12 PM.
Quote from Flawless700 :
From their website, if you are a sole proprietor and use your own social, you would need a fictitious name certificate from your county/state unless your FULL name is in the business name.

So Matthew George's Greens needs nothing if it is a sole prop using your social.

Matt's Mittens, would require a fictitious name certificate because the full name is not in the business name.
thanks. But a personal ebay account is just your username. There is no business title to that account.
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Joined Apr 2009
L3: Novice
> bubble2 189 Posts
63 Reputation
socrpro192
04-13-2022 at 12:08 AM.
04-13-2022 at 12:08 AM.
Quote from tptiburon :
Still seems too good to be true. Correct me if I'm wrong, but isn't $1500 on $5000 a 30% return on investment?

Banks usually give .01% interest, and even "High Yield Savings" give .5% interest. I realize interest and bonuses are not the same, but 30% return on ANYTHING seems a bit suspect

Actually higher as the return isn't annualized here.
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Last edited by socrpro192 April 13, 2022 at 12:12 AM.
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