Nationwide Availability – $250 Wells Fargo Checking Bonus
**This offer expires January 25th, 2020**
Wells Fargo is providing new checking account customers with a great opportunity to earn $250 when opening a new account. Accounts can only be created online to be eligible for this offer. The bonus is very straightforward and can be completed very easily and at low cost. Furthermore, The Wells Fargo Checking Account is a great overall account with options to provide free checking (more on this below).
Requirements For The $250 Checking Account Bonus
As mentioned above, this account is only available when creating your checking account online. There is not an equivalent bonus available for in branch account creation at this time. Customers can find the main offer page here. The application process is very quick and does not require a hard pull for customer credit history.
Customers will be required to provide their personal information to begin the account creation process. This will include standard financial information required when setting up any bank account. New account applicants will need to provide the following during account set up:
- Social security number for ID verification
- A valid drivers license number or state ID number
- A source for depositing your initial account funding
Once you have verified yourself you will choose your account options and customize your banking account. Finally, customers will need to provide their initial deposit for their new account.
What Customers Will Need To Do To Receive Their Bonus
- Account must be opened by January 25th, 2020
- Fund your new account with a minimum deposit of $25
- Set up direct deposit of at least $500 (deposited at least monthly)
- Bonus funds will be met in two steps – $150 plus an additional $100
After you set up your account with qualifying direct deposits you are all set. Customers will need to set up direct deposit for the first 60 days. Deposits will need to total at least $500. After the first 60 days customers will be eligible for the $150 bonus. Furthermore, customers who maintain the direct deposit requirements for an additional 150 days will receive an additional $100 bonus. If both requirements are met, customers will receive a total bonus of $250.
How To Avoid Wells Fargo Checking Account Fees
Many checking accounts come with a monthly fee to keep your account active. Wells Fargo provides several simple ways for customers to save money by waiving the fee. Customers should make sure they try their best to avoid paying this fee. To avoid your monthly servicing fee you can do any of the following:
- 10 debit card purchases per month (not including ATM transactions)
- Qualifying direct deposits totaling $500 each month
- A minimum average balance for $1,500 during the month
- Maintain a linked Campus Card to your checking account
- Account holders under 25 years of age pay no monthly servicing fee
The best thing about this Wells Fargo Checking Account offer is that the requirements for the bonus automatically waive the fee. Your account will not be charged a fee if you maintain the $500 in direct deposits you set up during the bonus requirements.
Final Thoughts On This Bonus Offer
The Wells Fargo Checking Account Bonus offer is a great opportunity for consumers looking for a new account. One nice thing about Wells Fargo is that they have locations all over the country. This account can be set up online but it is nice to know you will have access to branch locations all over the place. Overall, the requirements for this bonus are very low and easily obtainable.