Wells Fargo Bank: Open Checking Account w/ Direct Deposit Totaling $1000 and Get
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$325 Bonus
+31Deal Score
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Wells Fargo is offering a $325 Bonus (deposited to your checking account) when you open an Eligible Checking account and Make Direct Deposits Totaling $1000 or More Within 90 Days of Account Opening.
Thanks to Community Member sdiscool for finding this deal.
Open a new checking account by February 27, 2023.
Make qualifying direct deposits totaling $1000 or more within 90 days of account opening.
The $325 bonus will be added to your new account within 30 days.
Account Opening and Enrollment Instructions:
To open and enroll your new account in the promotion, visit the offer landing page and start the application. When you apply online from the page, your bonus offer code will automatically be applied. If you choose to apply in-person at a Wells Fargo branch, ensure to generate your offer code and bring it to the Wells Fargo representative.
Enjoy all the great features that come with a new Wells Fargo checking account and qualify for a $325 bonus.* This offer is for new checking customers only.
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.
My girlfriend just tried to open this in person after the "need more information" thing on the online application and they told her that it was for existing customers only. We read through every single line of the fine print and didn't see it and the bank manager agreed there wasn't any of that in the wording but their instructions said that with that bonus code she was given it had to be for an existing customer.
I don't like WF with all illegal crap they have pulled recently.
That said they are the 3rd or 4th biggest bank the USA & in the top 20 in the world. They are not going out of biz soon.
Wells Fargo is definitely one of the "Too Big to Fail" banks that will get a bailout (or a bail-in like they did in Cyprus) if it collapses.
That said, even if WF doesn't go completely out of business if it collapses, if they do actually execute a bail-in, then my money would be trapped in there, and that's almost as bad as losing the money entirely.
A YouTuber named Dunagan Kaiser mentioned in one of his Reluctant Prepper videos how it took him nearly 10 years to get back 90% of his money from the Washington Mutual failure. That's a hassle I would not like to go through.
That said, I am a current Wells Fargo customer. I keep my balance there pretty low, though, preferring credit unions.
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from hazee
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what a dumb ignorant comment. A bank with market cap of $184B & net income of $12B is risky how?
Check out the big banks' derivatives exposure.
This infographics website claims Wells Fargo has over $3 trillion dollars in derivatives exposure.
I don't know how true that $3.332 trillion is, but I think it's a safe bet to say that Wells Fargo will be significantly harmed in a major market crash such that its customers will feel some pain.
Remember: the Titanic taught us that even the biggest ships can still sink. The financial markets are always orders of magnitude larger than any single financial institution.
My girlfriend just tried to open this in person after the "need more information" thing on the online application and they told her that it was for existing customers only. We read through every single line of the fine print and didn't see it and the bank manager agreed there wasn't any of that in the wording but their instructions said that with that bonus code she was given it had to be for an existing customer.
Now they have her information, so it works out for them.
Opening this account is a no brainer. For $325 bonus, keeping 500 and setting up DD is worth the time. This is the first time I opened an online account without having to talk to customer service, I always get need more info type issues. But surprisingly didn't get this time. Thanks for sharing.
what a dumb ignorant comment. A bank with market cap of $184B & net income of $12B is risky how?
Your comment is rather rude don't you think? It's not dumb or ignorant. There have been a LOT less of the branches around hence it's understandable to be surprised. And with all their shady practices I very much agree, not worth the risk. My dad was a long time customer until we started noticing that they were stealing from customers as much as possible. If you had a problem they would not back you.
My girlfriend just tried to open this in person after the "need more information" thing on the online application and they told her that it was for existing customers only. We read through every single line of the fine print and didn't see it and the bank manager agreed there wasn't any of that in the wording but their instructions said that with that bonus code she was given it had to be for an existing customer.
WF sucks big time. Closed my account with them a long time ago for various reasons. They probably could have kept as a customer but refused to take back several charges on my account (They had transitioned me out of a free student checking without my being aware, I was still in school and told them that).
I'll take the $325 and then close a few months later. Not that they care, but it's vengeance in my eyes hahaha (yes, I know $325 to them is like .0000001, it's the thought that counts)
You can close the account right after you get the bonus.
I usually will transfer ALL money out to another bank via an ACH transfer.
Once all the money is out of the account - call them and ask to close the account.
It's very simple - don't think of it personally for closing the account - it's JUST BUSINESS!
For me, I can set up multiple direct deposits for myself and family members through my work.
There are data points of other types of bank transfers that usually count as a Direct Deposit.
An earlier poster linked to Doctor Of Credit's Wells Fargo transfer datapoint page.
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That said they are the 3rd or 4th biggest bank the USA & in the top 20 in the world. They are not going out of biz soon.
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That said they are the 3rd or 4th biggest bank the USA & in the top 20 in the world. They are not going out of biz soon.
That said, even if WF doesn't go completely out of business if it collapses, if they do actually execute a bail-in, then my money would be trapped in there, and that's almost as bad as losing the money entirely.
A YouTuber named Dunagan Kaiser mentioned in one of his Reluctant Prepper videos how it took him nearly 10 years to get back 90% of his money from the Washington Mutual failure. That's a hassle I would not like to go through.
That said, I am a current Wells Fargo customer. I keep my balance there pretty low, though, preferring credit unions.
This infographics website claims Wells Fargo has over $3 trillion dollars in derivatives exposure.
https://demonocracy.inf
I don't know how true that $3.332 trillion is, but I think it's a safe bet to say that Wells Fargo will be significantly harmed in a major market crash such that its customers will feel some pain.
Remember: the Titanic taught us that even the biggest ships can still sink. The financial markets are always orders of magnitude larger than any single financial institution.
No hard pull
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Your comment is rather rude don't you think? It's not dumb or ignorant. There have been a LOT less of the branches around hence it's understandable to be surprised. And with all their shady practices I very much agree, not worth the risk. My dad was a long time customer until we started noticing that they were stealing from customers as much as possible. If you had a problem they would not back you.
This could be why some people are having issues
Definitely not worth the risk regardless how much bonus they offer
I'll take the $325 and then close a few months later. Not that they care, but it's vengeance in my eyes hahaha (yes, I know $325 to them is like .0000001, it's the thought that counts)
I usually will transfer ALL money out to another bank via an ACH transfer.
Once all the money is out of the account - call them and ask to close the account.
It's very simple - don't think of it personally for closing the account - it's JUST BUSINESS!
For me, I can set up multiple direct deposits for myself and family members through my work.
There are data points of other types of bank transfers that usually count as a Direct Deposit.
An earlier poster linked to Doctor Of Credit's Wells Fargo transfer datapoint page.
Wells Fargo Direct Deposit Triggers ---> https://www.doctorofcre
EDIT'd to add - there is no 1 per household, address, or family language in the fine print.
It never occurred to me to use direct deposits into family members accounts. That's a neat trick that I might take advantage of.
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