Wells Fargo Bank sign

Wells Fargo is Offering an Easily-Attainable $300+ Checking Bonus

As I’ve talked about in the past, banking bonuses can be easy money β€”Β at least when they’re reasonable. Well, Wells Fargo happens to have a pretty attainable offer happening right now as the bank has brought back a new account bonus that could earn new customers $300. Actually, while the Wells Fargo homepage advertises a $300 bonus, a post from Frequent Miler features a link to a similar but better offer of $325. Either way, attaining this bonus is fairly straightforward.

First, new customers will first need to deposit at least $25 when opening their account. Then, they’ll need to receive a total of $1,000 in qualifying direct deposits within their first 90 days. Note the word “total” there, as this means that customers can receive multiple smaller direct deposits if need be and still earn this bonus.

The catch here is that the Wells Fargo Everyday Checking Account does have a $10 monthly service fee. However, this fee can be waived if a few conditions are met. Specifically, customers can avoid the fee by fitting one of these requirements:

  • Maintain a daily balance of at least $500
  • Receive at least $500 in qualifying direct deposits per month
  • Be between the ages of 17 and 24

Yes, that last one is a bit interesting but Wells Fargo does waive the monthly fee for younger adults (and even older teenagers). However, once the primary accountholder turns 25, then they’ll need to meet one of the other requirements in order to keep avoiding the monthly fee.

Seeing as I’ve had a Wells Fargo account since I was 18 years old, I’m sadly unable to take advantage of this deal. But, since I’ve never actually added my wife to my account, we’re considering whether or not she should open an Everyday Checking just to claim this bonus. After all, we did just buy a house so that extra $325 would be useful.

Overall, earning a $300/$325 bonus with a requirement of just $1,000 (well, technically $1,025) seems like a pretty good deal to me. That said, the ongoing threat of that $10 monthly fee does complicate things. Luckily, the $500 balance or $500 direct deposit requirements are pretty reasonable β€” especially since you can usually have money directly deposited into your account and then just move it right away. So, while you will likely want to leave your new account open for at least a few months after claiming your bonus, it hopefully won’t be too hard to do so without incurring fees.

If you’re interested in trying for this bonus, be sure to check out Wells Fargo’s offer page.

Author
Founder ~ Moneyat30
Kyle is a freelance writer - including being the head writer for Fioney.com. He also serves as editorial director for the Disney fan site LaughingPlace.com and the founder of Money@30.com. In 2015, Kyle and his wife Bekah moved from Los Angeles to Springfield MO in pursuit of greater financial freedom. Together, the pair enjoy travel, coffee, and spending time with their dog Rigby. Additionally, as of 2023, they become first-time homeowners.
Other Articles by Kyle Burbank
person standing in front of exploding fireworks
Hey You Kids, Get Off My Lawn!
With last Friday being July 4th, I decided to take a week off from posting. However, I wanted to share a story from that night (or, really, early the next morning). Backing up, last year, we learned that our neighbors loved fireworks. So we were prepared for a few hours of noise and helping our...
Venetian rewards gems
Travel Tuesday: The Venetian Surveying Guests on Possible Rewards Credit Card
Late last year, I had a chance to cross another Las Vegas Strip property off my list with a stay at The Palazzo at The Venetian. Whether because of that or because I opened a players club card with them as well, this week The Venetian sent me a survey regarding a potential rewards credit...
Allbirds 4th of July sale logo
Allbirds is Celebrating Independence Day with a 50% Off Sale
One funny thing about summer is how a sunny day can quickly turn into a heavy downpour. This is even more prominent in certain parts of the country where you may be headed on a summer vacation (I'm looking at you, Florida!). So, given that weather reality, it makes perfect sense that Allbirds would be...
Featured Articles
Hey You Kids, Get Off My Lawn!
With last Friday being July 4th, I decided to take a week off from posting. However, I wanted to share a story from that night (or, really, early the next morning). Backing up, last year, we learned that our neighbors loved fireworks. So we were prepared for a few hours of noise and helping our...
Travel Tuesday: The Venetian Surveying Guests on Possible Rewards Credit Card
Late last year, I had a chance to cross another Las Vegas Strip property off my list with a stay at The Palazzo at The Venetian. Whether because of that or because I opened a players club card with them as well, this week The Venetian sent me a survey regarding a potential rewards credit...
Allbirds is Celebrating Independence Day with a 50% Off Sale
One funny thing about summer is how a sunny day can quickly turn into a heavy downpour. This is even more prominent in certain parts of the country where you may be headed on a summer vacation (I'm looking at you, Florida!). So, given that weather reality, it makes perfect sense that Allbirds would be...
An Amex Platinum Card Revamp is Coming β€” And I'm Worried
Earlier this week, Chase confirmed pretty much every rumor that had been swirling for the past couple of months by announcing details on a major refresh for its uber popular Sapphire Reserve card. When this refresh launches next week (or in October for current cardholders), it will bring new credits, a reimagined rewards-earning system, and...