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Wells Fargo Bank: Open Checking Account w/ Direct Deposit Totaling $1000 and Get Expired

$325 Bonus
+31 Deal Score
96,942 Views
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.

Original Post

Written by
Edited February 14, 2023 at 12:58 AM by
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.

https://bonusoffer.wf.com/welcomebonus
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Deal
Score
+31
96,942 Views
$325 Bonus
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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not here. haven;t had an acct w these dirtbags in 10+ yrs. opening it online I got a "more info is needed, go to a branch" so.. get f'ed WF
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.
how long before we can close this account after receiving bonus

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Joined Oct 2020
New User
> bubble2 3 Posts
10 Reputation
pagingjimmypage
02-23-2023 at 12:34 PM.
02-23-2023 at 12:34 PM.
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.
1
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Joined Aug 2008
L4: Apprentice
> bubble2 402 Posts
76 Reputation
qprhooligan
02-23-2023 at 01:49 PM.
02-23-2023 at 01:49 PM.
Need more information it says after I fill out the application. Screw that.
Reply
Joined Sep 2003
Worlds Most Modest Man
> bubble2 19,434 Posts
3,117 Reputation
beowulf7
02-23-2023 at 04:49 PM.
02-23-2023 at 04:49 PM.
I'll have to see if I'm eligible for this.
Reply
Joined Jun 2019
L6: Expert
> bubble2 1,087 Posts
182 Reputation
dchang0
02-23-2023 at 06:51 PM.
02-23-2023 at 06:51 PM.
Quote from ROOSKIE :
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.
Quote from hazee :
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.

https://demonocracy.info/infograp...osure.html

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.
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Joined Nov 2011
L3: Novice
> bubble2 145 Posts
22 Reputation
CoolAndy2000
02-23-2023 at 07:06 PM.
02-23-2023 at 07:06 PM.
Is there a hard credit pull on this? The SSN box says it needs ssn for credit history ?
Reply
Joined May 2022
L99: Jack of All Trades
> bubble2 1,031 Posts
133 Reputation
Venom213
02-23-2023 at 09:39 PM.
02-23-2023 at 09:39 PM.
Quote from CoolAndy2000 :
Is there a hard credit pull on this? The SSN box says it needs ssn for credit history ?

No hard pull
Reply
Joined Dec 2011
Two Minds Became One
> bubble2 13,978 Posts
Peerless_Warrior
02-23-2023 at 09:51 PM.
02-23-2023 at 09:51 PM.
Quote from pagingjimmypage :
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.
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Joined Nov 2017
L5: Journeyman
> bubble2 789 Posts
301 Reputation
djangi
02-24-2023 at 01:11 AM.
02-24-2023 at 01:11 AM.
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.
Reply
Joined Oct 2021
L3: Novice
> bubble2 201 Posts
37 Reputation
SociableGame9181
02-24-2023 at 03:48 AM.
02-24-2023 at 03:48 AM.
Quote from hazee :
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.
Reply
Joined Oct 2021
L3: Novice
> bubble2 201 Posts
37 Reputation
SociableGame9181
02-24-2023 at 03:49 AM.
02-24-2023 at 03:49 AM.
Quote from pagingjimmypage :
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.

This could be why some people are having issues
Reply
Joined Jul 2021
L3: Novice
> bubble2 243 Posts
26 Reputation
Freesub1
02-24-2023 at 05:14 AM.
02-24-2023 at 05:14 AM.
Quote from TruongKy :
i'm surprised this bank is still in business. All of their branches in my area have been closed and replaced by Chase or Citi.

Definitely not worth the risk regardless how much bonus they offer
What's the risk?
Reply
Joined May 2006
L10: Grand Master
> bubble2 12,221 Posts
955 Reputation
buddy72192
02-24-2023 at 07:08 AM.
02-24-2023 at 07:08 AM.
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)
Reply
Joined Sep 2007
L7: Teacher
> bubble2 2,118 Posts
1,206 Reputation
SlickForLife
02-24-2023 at 09:22 AM.
02-24-2023 at 09:22 AM.
If someone isn't working, what are valid direct deposit avenues?
Reply
Joined Mar 2015
L3: Novice
> bubble2 255 Posts
guguforyou
02-24-2023 at 09:39 AM.
02-24-2023 at 09:39 AM.
Quote from JL5 :
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.

Wells Fargo Direct Deposit Triggers ---> https://www.doctorofcredit.com/kn...ells_Fargo

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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Joined Jan 2005
L8: Grand Teacher
> bubble2 3,689 Posts
224 Reputation
homers
02-24-2023 at 09:42 AM.
02-24-2023 at 09:42 AM.
IMHO, stay far, far away from WF.
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