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As reported by Doctor of Credit, Wells Fargo is offering a $250 sign up bonus for new Everyday checking account customers through March 24th, 2017. This account needs to be opened online. Requirements are very simple!
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:
- Deposit at least $25 to fund your account.
- Make 10 debit card purchases/payments within 60 days of opening your account.
- Qualify to receive a $250 bonus in your account.
As you can see, the minimum deposit is only $25 and there is no direct deposit required. You just have to make 10 debit card purchases or payments within 60 days of opening your account.
Avoiding a Monthly Fee
Note that the Everyday Checking account is subject to a $10 monthly fee, but that fee can be waived with one of the following:
- 10 debit card purchases and/or payments each statement cycle from this checking account, OR
- Direct deposits totaling $500 or more each statement cycle, OR
- Maintain a $1,500 minimum daily balance, OR
- Link checking account to a Wells Fargo Campus ATM or Campus Debit Card
According to Doctor of Credit, opening this account should only be a soft pull of your credit and the initial account funding can be done by credit card, though only up to $50.
There is no early account termination fee.
Other Fine Print
Important things to know about the offer:
- 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)
- 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.
- 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
- We 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.