Wells Fargo’s $400 Checking Bonus: Is It Worth It?
Wells Fargo is offering a $400 bonus for new checking account customers. To qualify, you must open a new consumer checking account with a $25 minimum deposit and receive $3,000 or more in qualifying direct deposits within 90 days. Qualifying direct deposits include ACH electronic deposits of salary, pension, or Social Security; transfers, mobile deposits, or branch/ATM deposits do not qualify. The offer is potentially available nationwide but may vary by zip code. While the bonus is enticing, the Wells Fargo Everyday Checking account has a $10 monthly fee, avoidable with a $500 minimum daily balance, $500 in qualifying direct deposits, being aged 17-24, or linking to a Wells Fargo Campus ATM/Debit card. The offer is for new customers only; existing customers, those who received a bonus in the past 12 months, or Wells Fargo employees are ineligible. The promotion's expiration date has been extended multiple times, currently listed as August 19, 2025. While the bonus amount is attractive, potential customers should carefully weigh the monthly maintenance fee against the potential earnings. The article also mentions other Wells Fargo bonus offers, including a business checking account bonus, highlighting the potential for additional income through bank bonuses. The article emphasizes that this is a soft pull inquiry, meaning it won't significantly impact your credit score. Remember to confirm eligibility based on your specific location and account type before applying. Always review the terms and conditions before opening any new accounts.
(Source: https://dannydealguru.com/wells-fargo-325-checking-account-bonus/)
