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Wells Fargo: New Checking Customers: Deposit $25, Get Expired

$250 Bonus
(Fees Apply)
+301 Deal Score
308,174 Views
Wells Fargo offers a $250 Bonus to New Customers who open an Eligible Wells Fargo Everyday Checking Account From The Webpage Linked with the Minimum Opening Deposit of $25 by March 24, 2017 and fulfill the Bonus Qualifications Listed Below. Thanks airsuper

Please Note: Per the offer: The account must be opened online from their webpage only. Some account service fees apply, see the offer page for complete details.

Eligibility:
  • Everyday Checking is eligible for the $250 bonus.
  • You cannot be:
    • An owner on a current Wells Fargo consumer checking account
    • A Wells Fargo team member
    • A recipient of a consumer checking bonus in the past 12 months (limit one bonus per customer)
Bonus Qualifications:
  • Open a new Everyday Checking account with a minimum opening deposit of $25 (not including the bonus) from the online promotional webpage by March 24, 2017.
  • Within 60 days of account opening, make 10 purchases/payments with your Wells Fargo Debit Card.
    • The 10 debit card purchases/payments must be from the primary linked consumer checking account opened for this offer. Transactions at an ATM do not count as a debit card purchase/payment.
  • Offer available only online at wellsfargo.com. Offer subject to change and may be discontinued at any time.
  • Offer cannot be:
    • Paid without a valid W-9 and U.S. taxpayer ID
    • Combined with any other consumer deposit offer
    • Reproduced, purchased, sold, transferred, or traded

Original Post

Written by
Edited March 8, 2017 at 07:14 PM by
I called Wells Fargo to confirm the deal. My wife was envious when I got a fat check from the previous deal.
I showed my sympathy by calling to confirm the deal is still around. They renewaled it.

https://www.wellsfargo.com/jump/c...ect-offer/

To receive your $250 welcome bonus, open an Everyday Checking account ONLINE FROM THIS WEBPAGE ONLY by March 24, 2017, and complete a few steps:
1. Deposit at least $25 to fund your account.
2. Make 10 debit card purchases/payments within 60 days of opening your account.
3. Qualify to receive a $250 bonus in your account.

This is an exclusive, online only offer and not valid for branch or phone account opens.
How to avoid the monthly service fee
Avoid the $10 monthly service fee on your Everyday Checking account with one of the following (during each fee period):
-10 or more posted debit card purchases/payments from this checking account. This does not include transactions at an ATM.
-Qualifying direct deposits totaling $500 or more
-$1,500 minimum daily balance
-A linked Wells Fargo Campus ATM or Campus Debit Card
Receive a $5 monthly service fee discount when the primary account owner is between the ages of 17 and 24.



Important things to know about the offer:

Eligibility:

Everyday Checking is eligible for the $250 bonus.
You cannot be:
An owner on a current Wells Fargo consumer checking account
A Wells Fargo team member
A recipient of a consumer checking bonus in the past 12 months (limit one bonus per customer)
Bonus qualifications:

Open a new Everyday Checking account with a minimum opening deposit of $25 (not including the bonus) from this online page by March 24, 2017.
Within 60 days of account opening, make 10 purchases/payments with your Wells Fargo Debit Card.
The 10 debit card purchases/payments must be from the primary linked consumer checking account opened for this offer. Transactions at an ATM do not count as a debit card purchase/payment.
Offer available only online at wellsfargo.com. Offer subject to change and may be discontinued at any time.


Wells Fargo will deposit the bonus into your new checking account within 45 days after eligibility and qualifications have been met.
You are responsible for any federal, state, or local taxes due on your bonus and we will report as income to the tax authorities if required by applicable law. Consult tax advisor.
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+301
308,174 Views
$250 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.

981 Comments

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Featured Comments

No reason to get stuck with some eco-box. Do it right at a $25000 deposit for a $250k car. Cool
Well, when the pulling starts it is usually soft, and then it gradually gets hard as the pulling continues. Then once you have "credited" all over it gets soft again and that is when the pulling stops.
Can confirm that's the deal breaker for you.

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Joined Jul 2004
L∞: WTF
> bubble2 2,565 Posts
661 Reputation
ilovetofu
03-09-2017 at 09:00 AM.
03-09-2017 at 09:00 AM.
Quote from flipper123 :
So you need a W-9 in order to do this?
Confused I just provided my social security number in the online application.
Reply
Joined Dec 2014
L3: Novice
> bubble2 289 Posts
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dothebrown99
03-09-2017 at 09:04 AM.
03-09-2017 at 09:04 AM.
Does anyone really trust Wells Fargo?
Reply
Joined Jun 2014
L6: Expert
> bubble2 1,125 Posts
784 Reputation
mamabear209
03-09-2017 at 09:05 AM.
03-09-2017 at 09:05 AM.
Quote from flipper123 :
So you need a W-9 in order to do this?
I don't think so; we didn't receive 1099-INT from all bank bonuses we got last year but we declared all of them in case of an audit. Some banks sent it via snail mail but there were some like Suntrust that didn't send one and gave the bonus in two batches, first one paid 3rd quarter of last year and the other half, paid in January this year.

I keep all documents pertaining to these bonuses with our tax records.
Reply
Joined Mar 2006
L8: Grand Teacher
> bubble2 3,243 Posts
709 Reputation
henny
03-09-2017 at 09:05 AM.
03-09-2017 at 09:05 AM.
Quote from capgeo1947 :
I didn't bother reading all the comments but I don't know why anybody would give this a thumbs down.
I gave it a TU, but realistically it's only mediocre because it'll net out to <<$250 after taxes.

However YMMV depending on your marginal tax bracket.

Thanks everyone for all the detailed info.

However with over 97,000 views maybe the SD effect will be enough for Wells Fargo to fund the wall.
Reply
Last edited by henny March 9, 2017 at 09:07 AM.
Joined Apr 2006
L10: Grand Master
> bubble2 9,649 Posts
1,049 Reputation
Tnyc
03-09-2017 at 09:10 AM.
03-09-2017 at 09:10 AM.
Quote from capgeo1947 :
I didn't bother reading all the comments but I don't know why anybody would give this a thumbs down. I did this in Jan and got easy money. You don't even have to cancel, all you have to do is make 10 debit card purchases a month and that is simple. One month I bought 10 $1 gift cards at amazon to myself and the next month I pumped gas getting $1 or so and inserting my card again and pumping more gas until I had 10 purchases. No problem or just cancel. Was a slick deal for me
How do you withdraw the $250 bonus and is it hard to cancel? I'm trying to see if it is possible to do this whole deal from opening to closing the account with just using my computer and never have to set foot into any of their branches.
Reply
Joined Jul 2004
L∞: WTF
> bubble2 2,565 Posts
661 Reputation
ilovetofu
03-09-2017 at 09:12 AM.
03-09-2017 at 09:12 AM.
Quote from Tnyc :
How do you withdraw the $250 bonus and is it hard to cancel? I'm trying to see if it is possible to do this whole deal from opening to closing the account with just using my computer and never have to set foot into any of their branches.
Please read my detailed post above, I put a lot of work into it: https://slickdeals.net/forums/showpost.php?p=97433544&postcount=323

In the Wells Fargo online banking site, you can transfer money to external bank accounts. It's the easiest thing to set up in the world. You just need your other bank's routing number and account number.
Reply
Last edited by ilovetofu March 9, 2017 at 09:24 AM.
Joined Sep 2016
L3: Novice
> bubble2 127 Posts
40 Reputation
liquidsyphon
03-09-2017 at 09:16 AM.
03-09-2017 at 09:16 AM.
I have a 2 year old, I don't see an age restriction on this. How would the tax form work on his bonus?
Reply

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Joined Jun 2014
L5: Journeyman
> bubble2 992 Posts
255 Reputation
AndrewG8296
03-09-2017 at 09:17 AM.
03-09-2017 at 09:17 AM.
Quote from liquidsyphon :
I have a 2 year old, I don't see an age restriction on this. How would the tax form work on his bonus?

I'd like to know that too...

Quote from mamabear209 :
I don't think so; we didn't receive 1099-INT from all bank bonuses we got last year but we declared all of them in case of an audit. Some banks sent it via snail mail but there were some like Suntrust that didn't send one and gave the bonus in two batches, first one paid 3rd quarter of last year and the other half, paid in January this year.

I keep all documents pertaining to these bonuses with our tax records.

Do you rotate through different bank offers, cancelling after get bonuses?
Reply
Last edited by AndrewG8296 March 9, 2017 at 09:18 AM.
Joined Dec 2010
L3: Novice
> bubble2 210 Posts
14 Reputation
Moxie_74
03-09-2017 at 09:20 AM.
03-09-2017 at 09:20 AM.
Great deal! I did it and got my 250 right after my first deposit from Postmates! Also their customer service has improved since the last time i had an account with them (17 yrs ago!!)
Reply
Joined Jul 2004
L∞: WTF
> bubble2 2,565 Posts
661 Reputation
ilovetofu
03-09-2017 at 09:20 AM.
03-09-2017 at 09:20 AM.
Quote from liquidsyphon :
I have a 2 year old, I don't see an age restriction on this. How would the tax form work on his bonus?
What you'll need to apply
  • Social Security number
  • Valid ID (driver's license, state ID, Matricula card)
  • $25 opening deposit online - it's easy to transfer from another account (new customers: have a check handy) or use your debit or credit card

Does your child have what it takes to fulfill the above? If so, give it a shot and let us know how it goes.
Reply
Joined Nov 2016
New User
> bubble2 23 Posts
10 Reputation
HarshithD
03-09-2017 at 09:32 AM.
03-09-2017 at 09:32 AM.
Are we sure of the fee being waved for 64 days? I couldn't see it in the terms and conditions of this offer.
Reply
Joined Mar 2006
L8: Grand Teacher
> bubble2 3,243 Posts
709 Reputation
henny
03-09-2017 at 09:39 AM.
03-09-2017 at 09:39 AM.
Quote from ilovetofu :
Here's my timeline from the last promo:
[LIST][*]1/27 - Applied for checking account using CC for initial funding; received conditional approval.[*]2/08 - Received welcome emails, but no charges on credit card.[*]2/13 - Received snail mail with my account number, still no charges on my credit card.[*]2/14 - Made $25 cash deposit in person at Wells Fargo branch.
Hope this helps.
Excellent post!! But why'd you have to go to the ATM to fund the account? Did they screw up your initial cc funding?
Reply
Joined Jul 2004
L∞: WTF
> bubble2 2,565 Posts
661 Reputation
ilovetofu
03-09-2017 at 09:41 AM.
03-09-2017 at 09:41 AM.
Quote from HarshithD :
Are we sure of the fee being waved for 64 days? I couldn't see it in the terms and conditions of this offer.
I didn't keep my account open long enough to find out. Others said this is what they were told by WF customer service; you can contact WF yourself to confirm. If you're truly paranoid, make sure you do the monthly 10 debit transactions, or have a sufficient direct deposit set up, or keep $1500 in the account to avoid the fee.

Quote from henny :
Excellent post!! But why'd you have to go to the ATM to fund the account? Did they screw up your initial cc funding?
I didn't go to the ATM (I couldn't even if I wanted to). I had to make my opening deposit with a teller inside a Wells Fargo brick & mortar branch. They failed to process my initial CC funding for some unknown reason, so I had to make the initial deposit another way. I couldn't use the ATM because I didn't have my debit card, and they weren't going to ship my debit card until AFTER I made my initial deposit. See the conundrum?
Reply
Last edited by ilovetofu March 9, 2017 at 09:50 AM.
Joined Apr 2014
L6: Expert
> bubble2 1,018 Posts
90 Reputation
rypajo
03-09-2017 at 09:44 AM.
03-09-2017 at 09:44 AM.
Quote from liquidsyphon :
I have a 2 year old, I don't see an age restriction on this. How would the tax form work on his bonus?
Income under x amount doesn't get taxed right? You wouldn't even have to report it I believe.
Reply

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Joined Jul 2016
L2: Beginner
> bubble2 76 Posts
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Etzer
03-09-2017 at 09:47 AM.
03-09-2017 at 09:47 AM.
Signed up and got approved instantly. I made my initial deposit with a CC and it also posted instantly. Called up customer service to help me set up online banking and my account is now active with the $25 initial deposit. I'm surprised by how easy this was. I just need to wait for the card to arrive.
Reply
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