Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Popular Advertiser Disclosure

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

+20 Deal Score
97,738 Views
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
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+20
97,738 Views
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.

206 Comments

Your comment cannot be blank.

Sign up for a Slickdeals account to remove this ad.

Joined Aug 2014
L7: Teacher
> bubble2 2,184 Posts
447 Reputation
Cmurphy16
04-14-2022 at 06:37 PM.
04-14-2022 at 06:37 PM.
Quote from Zanthexter :
I've been banking with a credit union for almost 20 years now. My previous bank reordered my deposits and debit card transactions to create and then maximize bounced transaction fees. Hundred of dollars just gone. (I eventually got a check for like $20 from the lawsuit they settled over it)

There's a Wells Fargo literally next door to my office. The next building over. $1,500 and walking distance was enticing... Until I found out about the fees.

I only pay fees for borrowing money, cashier's checks, and the very occasional overdraft (paid, not rejected) at my credit union.

It's worth the 15 minute drive once a month to deposit checks to not have to worry about, well, anything related to my bank really.

Or worry about fees. I pay Zip. Zero. Nada for basic "business" checking. Sure, it doesn't have all the bells and whistles like multiple users and so on, but I own a small business and don't need that stuff.

I think I'll stick with paying the credit union's competitive loan rates and not much else. Too much risk for $1,500.

Shame on Slick Deals for selling out.

I've been business banking with Chase for over a decade and never once paid a fee. But I don't overdraft and just use bill pay instead of cashiers checks. If you have to worry about fees, then churning bank accounts is.not for you.
Reply
Joined Mar 2004
L10: Grand Master
> bubble2 6,660 Posts
5,517 Reputation
practicalme
04-14-2022 at 06:42 PM.
04-14-2022 at 06:42 PM.
Quote from RichSyr :
Forgot to add to my own post...to anyone else doing this, don't forget you'll pay taxes on that $1500, so deduct your marginal tax rate % from that, then the fees to setup the LLC.. Still probably net $1000 anyway for very little effort, so worth it.
What kind of tax rate you paying? (edit, missed the part about the LLC set up cost)

Quote from RichSyr :
I just got back from the bank. They require the tax id, and the certificate of formation. I walked in with both for the LLC, walked out with the new account and 30 day countdown till bonus. Banker said she's seeing people come in to do this deal, it's valid, legit, and she can pull it up in the computer when she enters the code.
It's 60-90 days for your countdown till bonus.

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.

We will deposit the bonus into your new business checking account within 30 days after meeting all offer requirements.
Reply
Last edited by practicalme April 14, 2022 at 06:45 PM.
Joined Nov 2008
L5: Pokeman
> bubble2 8,946 Posts
676 Reputation
Lanmanna
04-14-2022 at 06:54 PM.
04-14-2022 at 06:54 PM.
Quote from unlimitedx :
LLC costs $800 to set up in California. RIP deal.
You don't need an LLC
Reply
Joined Apr 2007
L3: Novice
> bubble2 156 Posts
10 Reputation
rajivgandhi
04-14-2022 at 06:57 PM.
04-14-2022 at 06:57 PM.
Quote from Lanmanna :
You don't need an LLC
Then? How can you prove/project a business ownership?
Reply
Joined Nov 2008
L5: Pokeman
> bubble2 8,946 Posts
676 Reputation
Lanmanna
04-14-2022 at 06:59 PM.
04-14-2022 at 06:59 PM.
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.
Hmm. Something with no risk or something with risk. What a tough choice!
Reply
Joined Nov 2008
L5: Pokeman
> bubble2 8,946 Posts
676 Reputation
Lanmanna
04-14-2022 at 07:15 PM.
04-14-2022 at 07:15 PM.
Quote from rajivgandhi :
Then? How can you prove/project a business ownership?
Go in as just a sole proprietorship. I brought my EIN, but they said I just needed to use my SSN.
Reply
Joined Apr 2007
L3: Novice
> bubble2 156 Posts
10 Reputation
rajivgandhi
04-14-2022 at 07:24 PM.
04-14-2022 at 07:24 PM.
Quote from Lanmanna :
Go in as just a sole proprietorship. I brought my EIN, but they said I just needed to use my SSN.
No business document? The only thing I can show as a business is an ebay account.
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Jul 2011
L4: Apprentice
> bubble2 407 Posts
106 Reputation
RichSyr
04-14-2022 at 08:26 PM.
04-14-2022 at 08:26 PM.
Quote from practicalme :
What kind of tax rate you paying? (edit, missed the part about the LLC set up cost)



It's 60-90 days for your countdown till bonus.

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.

We will deposit the bonus into your new business checking account within 30 days after meeting all offer requirements.
Good catch, still a great deal for 2-3 months of holding.
Reply
Joined Jul 2015
L9: Master
> bubble2 4,391 Posts
287 Reputation
benanfisa1
04-14-2022 at 08:43 PM.
04-14-2022 at 08:43 PM.
Does anyone have a code I could use
Email
reviewurphone at Gmail
Thank you
1
Reply
Joined Mar 2004
L10: Grand Master
> bubble2 6,660 Posts
5,517 Reputation
practicalme
04-14-2022 at 09:20 PM.
04-14-2022 at 09:20 PM.
Quote from RichSyr :
Good catch, still a great deal for 2-3 months of holding.
Absolutely, it was great deal. Too bad they pulled it already. The jury is out on whether they'll honor the codes that are still out there with those waiting for appointments.
Reply
Last edited by practicalme April 14, 2022 at 10:41 PM.
Joined Aug 2015
L9: Master
> bubble2 4,374 Posts
1,834 Reputation
Pro
SlySol
04-14-2022 at 11:42 PM.
04-14-2022 at 11:42 PM.
Quote from practicalme :
Absolutely, it was great deal. Too bad they pulled it already. The jury is out on whether they'll honor the codes that are still out there with those waiting for appointments.
The emails they sent said that you have until 5/13 to open the account, so there shouldn't be a problem with codes already received. It's just that they likely limit the codes to a certain number so they aren't completely flooded during that time (particularly since they seem to be operating largely by appointment already). There is also a possibility they got a flood of way more requests than typical and realized there were likely a lot of people looking for the bonus from deal sites rather than their ideal active business account, so cut off new requests for now. However, there would still be legitimate business customers among them that they wouldn't want to alienate. It could make them more cautious checking documents and who they approve, but no reason to assume they'd invalidate the codes already sent.
Reply
Last edited by SlySol April 14, 2022 at 11:54 PM.
Joined Mar 2004
L10: Grand Master
> bubble2 6,660 Posts
5,517 Reputation
practicalme
04-15-2022 at 04:57 AM.
04-15-2022 at 04:57 AM.
Quote from SlySol :
The emails they sent said that you have until 5/13 to open the account, so there shouldn't be a problem with codes already received. It's just that they likely limit the codes to a certain number so they aren't completely flooded during that time (particularly since they seem to be operating largely by appointment already). There is also a possibility they got a flood of way more requests than typical and realized there were likely a lot of people looking for the bonus from deal sites rather than their ideal active business account, so cut off new requests for now. However, there would still be legitimate business customers among them that they wouldn't want to alienate. It could make them more cautious checking documents and who they approve, but no reason to assume they'd invalidate the codes already sent.
I would agree that they should honor them, but who knows. I'm sure there will be data points from those with appointments already set up.

The terms in the bonus email states:
Offer valid from March 14, 2022 through May 13, 2022. However, offer may be discontinued or changed at any time prior to the expiration date without notice.
Reply
Joined Sep 2011
New User
> bubble2 3 Posts
swamimp
04-15-2022 at 08:03 AM.
04-15-2022 at 08:03 AM.
Quote from benanfisa1 :
Does anyone have a code I could use
Email
reviewurphone at Gmail
Thank you
Same here!

Anyone with a code they cannot use? Happy to pay!
homeinmason at gmail
Reply
Joined Aug 2017
New User
> bubble2 4 Posts
10 Reputation
Ezra.Jr371
04-15-2022 at 09:16 AM.
04-15-2022 at 09:16 AM.
Anyone with a code they aren't using or got an extra one? I was literally on my way to Wells Fargo and didn't realize I had to have the code pulled in advance.

ezra.jr371 at gmail.

Can pay as well!
Reply
Last edited by Ezra.Jr371 April 15, 2022 at 09:23 AM.

Sign up for a Slickdeals account to remove this ad.

Joined Jun 2012
L3: Novice
> bubble2 165 Posts
76 Reputation
sub7m19
04-15-2022 at 10:34 AM.
04-15-2022 at 10:34 AM.
Does anyone know why when I printed the offer code and details it says Have at least $15,000 ENDING DAILY BALANCE on the 30th an 60th day?

I thought it was 5k lol
Reply
Page 9 of 14
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.