What are Wells Fargo promotions? $150, $200, $400, $1,000 Checking Bonuses

A survey of GOBankingRates found that many are the people who, when choosing a bank, do not take into account the promotions, so they lose the opportunity to win free money. Thus, In this article we will show you how to take advantage of Wells Fargo promotions, specifically the $150, $200, $400, and $1,000 promotions.

Wells Fargo Promotions from $100 up to $200

What you will get: A bonus ranging from 100 to 200 dollars.

Where is it available: Nationwide, at any Wells Fargo ATM.

how to win it

  1. Use a Wells Fargo ATM to withdraw money with a debit card from another bank. Be aware of the fee you’ll be charged for using an ATM outside the card bank’s network.
  2. Now, once you’re using the cashier, you’ll get a pop-up asking what you would do with $150 or $200.
  3. Select “gas and groceries”.
  4. Once you complete the transaction, you will receive a printed coupon of $100 to $200.

What are Wells Fargo promotions?

Promotion conditions

  • Complete bonus requirements within 60 days of account opening.
  • Once you meet the requirements, the money will be deposited into your account within 45 days.
  • You cannot be an owner or co-owner of a Wells Fargo checking account; work in the bank; or have received a promotion in the last 12 months.
  • You must have an eligible direct deposit, such as your salary, pension, social security, or other recurring monthly income of $500 or more.

Keep reading: How to write a Wells Fargo check

Wells Fargo $400 promotion, which you can win online or in a branch

This is, without a doubt, one of the Wells Fargo promotions that stands out the most, since with it you will win a bonus of $400, and all you have to do is open one Everyday Checking account and meet the requirements, which we will explain in detail later.

This offer is only available to new customers who have not received a promotion in the last 12 months and expires on July 31, 2020; however, this date is subject to change, so we recommend that you try to get the offer as soon as possible.

To be eligible for the Everyday Checking account bonus, you must:

  1. Open an account with a minimum opening deposit of $25.
  2. Within the first 90 days of account opening, the account must receive a minimum of $4,000 in eligible direct deposits.

The eligible direct deposits include payments for your pension, social security, or any other regular monthly income that is transferred to the account by ACH. Transfers from other accounts, as well as mobile deposits and deposits made at a Wells Fargo ATM or branch, are excluded.

Although there is no specific minimum balance requirement in the account to qualify for the bonus, so the balance must be greater than zero. (Otherwise, the account will be subject to closure and will not be eligible to receive the bonus.)

Keep reading: How to open a Wells Fargo account in 3 steps

Other eligibility conditions for Wells Fargo promotions

  • You must provide a United States taxpayer identification number by completing IRS Form W-9 (usually your social security number).
  • This promotion cannot be combined with any other similar offer.
  • Offer may not be reproduced, purchased, sold, transferred or traded.
  • Wells Fargo may limit offer availability to participating locations only.

receiving the bonus

Wells Fargo will pay the promotional money based on the following:

  • After the 90-day qualification period has elapsed, the bank will determine if you have met all the requirements of the offer.
  • If you have met the requirements, the bank will deposit the money within 30 days.
  • The checking account must be in operation at the time of the bonus payment.
  • Bonus earnings will be reported to federal, state and local tax authorities, so you will be responsible for paying any applicable taxes.

Keep reading: Wells Fargo customer service number in Spanish

Wells Fargo $1,000 promotion, which you can only win at a branch

This is one of the most attractive Wells Fargo promotions, thanks to which you could win a great registration bonus. The requirements are not the easiest to meet and you have to go to a branch to open the account. To earn the $1,000 bonus you must:

  1. visit a branch to open a new Wells Fargo Platinum Business or Analyzed Business checking account before December 31, 202o. Make sure you take with you all the commercial documents required.
  2. Fund your new business account with $25 or more.
  3. Deposit $25,000 or more into the new business checking account by the 10th; Y
  4. Have a minimum balance of $25,000 in the account on day 180; Y
  5. Make 10 or more eligible transactions, such as:
    • Debit card purchases/payments
    • ACH (Credits and debits)
    • Check payments (deposited and cashed)
    • mobile deposits
    • Electronic transfers (credits and debits)
    • Wells Fargo Business Bill Pay or Direct Pay

The best account to get this bonus is probably the Wells Fargo Platinum business account. It comes with a monthly service fee of $40 that can be waived with a monthly balance of $25,000, which is also the balance required for the bonus.

Keep reading: How to add a user to a Wells Fargo account

You have to go to a branch and open this account, but We recommend that before going to your local office you check if it is available there, since apparently it is a financial product that cannot be obtained in all the bank’s branches.

You may not need to maintain the 25K balance all the time, but you’d better make sure you do. The wording of the offer makes it sound like you should be able to deposit $25K in 10 days, withdraw it, and then deposit it again to have it there on day 180. However, this is not guaranteed, plus you’ll be charged $40 per month, since that 25 thousand is the minimum balance to receive the exemption from the monthly fee.

By last, there is no charge for early closing of this account, but you have to keep it open for 7 months until you receive the bonus.

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