Wells Fargo Bonus Promotions: $2,500 Premier, $525 Savings, $325 Checking (April 2024)

Banks need accounts. You need more cash.

How about getting a $325 sign-up bonus to make a Wells Fargo Everyday Checking account your main bank account?

That’s right, Wells Fargo will give you money for opening an account. Open an account and within 90 days, receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening. It’s reported as interest, so you’ll owe taxes on it, but that’s a nice little bonus to switch banks.

This looks similar to other high dollar bank promotions. Check them out after reading through this article.

Definitely worth a look if you’re in a state where the offer qualifies (there are a few restrictions, listed below) but you can apply online so you’re not even required to change out of your jammies to visit a branch!

Read on to figure out how you sign up for the offer as well as how long it takes to see the bonus. I’ve also compiled other Wells Fargo bonuses and promotions you can take advantage of below the $325 bonus review.

💵 U.S. Bank – up to $700

Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.

Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

Learn more about this offer

• Barclays has a no direct deposit offer for $200.
• This Bank of America’s Cash Bonus Offer is very popular too!
• BMO Bank offers $400 for a new account.

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🔃 Updated March 2024: Updated with the latest expiration date and details of the $325 Checking Bonus promotion which now expires on 4/9/2024 (nothing else changed about the offer). The savings bonus has been updated and the Wells Fargo Premier $2,500 offer has been expired by the bank.

Wells Fargo Checking Bonus – $325

This is what you need to do to earn the $325 Bonus:

1. Open an Everyday Checking account online or in a branch by 4/9/2024.
2. Make a minimum opening deposit of $25 to fund your account.
3. Next, receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening (the “qualification period”).

After the 90 day qualification period, you’ll see the $325 bonus deposited into your account within 30 days if you met all the offer requirements.

If you want to open this offer in a branch, you must set up an appointment. Some branches will not take walk-ins.

Click the green Learn More button below to find out more:

👉 Learn more about this offer

Who is Eligible for this Bonus?

New checking customers are eligible and all consumer checking accounts are eligible. There does not appear to be a geographic restriction.

If you don’t qualify for Everyday Checking but can get an Opportunity Checking account, this offer still applies.

The following people are NOT eligible:

• Current consumer checking account customer (if you only have a business or mortgage account, it appears you are eligible)
• You have received a bonus for opening a Wells Fargo consumer checking account within the past 12 months
• Wells Fargo employees

Reader Experiences with the Wells Fargo offer

We’ve had generally positive reports from readers about this offer, here’s one recent accounting:

I applied for the account near the end of October 2023. I was initially denied, but after talking with customer service I was told I needed to have my credit bureau reports thawed before applying. They mentioned Equifax specifically, but I’m not sure if you can still apply with Experian and TransUnion frozen. I thawed all three reports 24 hours before applying again and was approved with no further issues.

They do require an initial deposit of $25 to open the account. At the time, I only opened a checking account. I would like to get a bonus from opening a new savings account with them as well, but I found out that to get the bonus from that, the savings account must be opened in person at a branch and there are none in my state (Michigan).

I changed my direct deposit paycheck to go to my new Wells Fargo checking account, and received my first direct deposit paycheck on November 15, 2023. This amount was also over the threshold to qualify me for the new account bonus. The bonus was deposited into my account on January 29th, 2024.

From using the account using both the webpage and mobile app versions, the only real issue I’ve come across is that their outgoing transfer limits for next business day transfers are kind of low. Only a maximum of $5,000 per day, and $6,000 within 30 days, which could be an issue when earning the bonus (like having your direct deposit paycheck go to the account to qualify for the bonus, and then transferring it out to your main account with a different bank afterwards). These limits are only for next business day transfers though, the limits for 2 business day transfers are much higher. $15,000 per day and $25,000 for 30 days.

Does Wells Fargo Really Give You $325?

Yes, Wells Fargo will give you $325 because they’re trying to get new customers and this welcome bonus is a nice little carrot. This is one of the simplest bonuses to get and you only need to open it with $25 and receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.

They can afford to do this because it’s like any other kind of marketing. They can buy ads or they can simply offer a promotion and rely on word of mouth to get people’s attention. You found this $325 offer today and they didn’t have to pay for an ad right? 🙂

How to Get an In-Branch Sign Up Coupon Code

If you want to open your account in a branch or simply don’t like opening bank accounts online, you can get a promotional code emailed to you.

Click the orange button above and on that next page, you want to click on Open In-Branch (I drew the green box to show you where it is. It won’t have a green box on the actual page and the page may look slightly and enter your name, email, and ZIP code to get a promotional code via email:

Once you click “Get My Code” you will be redirected to a page with your unique code, it looks like this:

You will also get an email with the subject “Your $200 bonus offer code is here” with the code in the body of the email. Then you just go to the nearest branch and open the account.

NOTE: You do NOT have to open the account in person. You can do it entirely online.

How to Avoid Checking Account Fees?

The account has a $10 monthly service fee. You can avoid it quite easily.

To get the fee waived, you need to do only one of the following each “fee period” (statement period):

• $500 minimum daily balance
• $500 or more in total qualifying direct deposits
• Primary account owner is 17-24 years old. (When the primary account owner reaches the age of 25, age can no longer be used to avoid the monthly service fee.)
• Linked to a Wells Fargo Campus ATM or Campus Debit Card.

Check the full details when you click through to the promotional page.

Take Advantage of These Account Perks

The account itself is pretty standard for a checking account.

They do promote three features that are quite rare:

• You can turn off your debit card in the event you lose it, so it’s not an outright closure unless you’re 100% sure you’ve lost it. If you are 100% sure, you need to report it stolen. If you’ve misplaced it (say at a bar or something) and you know where it is, you can disable it until you get it back.
• Access ATMs without your card by requesting a one-time access code via the app.
• Overdraft Rewind lets you avoid an overdraft fee if you overdraft your account but receive a direct deposit the following day that replaces the amount you overdrew by.

>> Related: Here’s how to find your Wells Fargo routing number

Wells Fargo Savings Account – $525

Wells Fargo has a savings account bonus – open a new savings account with a minimum opening deposit of $25 and complete the steps outlined below to receive your $525 bonus.

There are two steps to get the bonus:

1. Open a new eligible consumer savings account at a Wells Fargo branch with a minimum opening deposit of $25 by January 9, 2024. You must provide the bonus offer code to the banker at the time of account opening.
2. Bring $25,000 or more in new money to your new savings account by Day 30 and maintain at least a $25,000 balance through Day 90 after account opening.

Wells Fargo deposits your bonus within 30 days after meeting all requirements. You must be a new savings customer.

You must do this in branch because you have to enter your email and they email you a personalized bonus offer code. You must have this code when you go to the branch or you won’t get the bonus.

👉 Learn more about this offer

(Offer expires 4/1/2024)

Wells Fargo Premier – $2,500

If you have more than $250,000 cash, you may want to consider the Wells Fargo Premier bonus which is a massive $2,500.

To get this bonus, you need to:

• Open a new Premier Checking account at a Wells Fargo branch with a minimum opening deposit of $25 by 4/1/2024. You must provide the bonus offer code to the banker at the time of account opening.
• Bring $250,000 or more in new deposits to qualifying linked accounts by Day 45 and maintain at least a $250,000 balance through Day 90 after account upgrade or opening.
• They will deposit your bonus into your new Premier Checking account within 30 days after you have met all offer requirements.

This offer has to be completed in a branch so you need to enter your email on the promotion page to get your code and instructions.

The account has a $35 monthly service fee that can be avoided if you have $250,000 or more in account balances with them.

👉 Learn more about this promotion

How Does This Offer Compare?

Wells Fargo has one of the better offers at this moment. $325 is higher than many of the other banks and Wells Fargo has a huge geographic footprint so almost everyone qualifies for it.

This is a direct deposit style bonus, so you’ll need to change your direct deposit, but it’s a nice bonus amount for that effort. You don’t need a high amount either, just receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening. It’s totally doable.

The Premier offer, which is in-branch only but gets you $2,500 is less appealing because you have to deposit a quarter of a million dollars and the account doesn’t earn interest. That’s a lot of money to tie up without earning interest.

Here are how a few other offers stack up:

Make sure to review this guide on bank account bonuses to ensure you know what to watch for when it comes to these types of offers.

Frequently Asked Questions