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 transfers of salary, pension, or Social Security; other deposit methods don't qualify. The offer is potentially nationwide but may vary by zip code. While the bonus is enticing, the Wells Fargo Everyday Checking account has a $10 monthly fee. This fee is waived if you maintain a $500 minimum daily balance, receive $500 or more in qualifying direct deposits, are aged 17-24, or link the account to a Wells Fargo Campus ATM or Debit card. The offer is for new customers only; those with existing Wells Fargo consumer checking accounts, those who received a similar bonus in the last 12 months, and Wells Fargo employees are ineligible. The promotion's end date has been extended multiple times and currently stands at July 8, 2025. While previous offers were as high as $400, requiring only $1000 in direct deposits, this current promotion requires a higher deposit threshold. The article highlights that bank account bonuses can be a great way to earn extra income, and encourages readers to explore other similar offers. Before opening the account, it's crucial to carefully consider the monthly fee and ensure you can comfortably meet the direct deposit requirement to avoid losing money on potential fees while gaining the bonus. Remember to check your eligibility and the terms and conditions before applying.

(Source: https://dannydealguru.com/wells-fargo-325-checking-account-bonus/)