Wells Fargo Personal Checking $200 Bonus

Wells Fargo Bank : Personal Checking

Bonus Amount
$200
Account Type
Personal Checking
Available In Your Area?
Yes
Offer Expires In
Bonus Requirements
  1. Open a new personal checking account using the link below.
  2. Within 90 days, receive direct deposits totaling $1,000.
  3. Bonus will be deposited into your account within 30 days of the 90-day qualification period.
Other Details
Hard Credit Pull?
Monthly Fees?
Varies By Account
Open Online?
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Wells Fargo is offering new checking account customers $200. You'll have 3 months to receive $1,000 in direct deposits in order to qualify for the promo.

This is a pretty easy bonus that's available nationally without restriction, and the deposit amount has been cut in half (from $2,000 requirement to $1,000).

Keep in mind that this is their public offer. Wells Fargo is also targeting some customers with higher amounts (up to $400). Up to you whether it makes sense to wait for a targeted offer (if it comes), or to take advantage of this one.

How To Earn The Bonus

The Wells Fargo Personal Checking promotion requires you to set up direct deposits in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new personal checking account using the link below.
  2. Within 90 days, receive direct deposits totaling $1,000.
  3. Bonus will be deposited into your account within 30 days of the 90-day qualification period.

The fine print

  • This offer is for new checking customers only.
  • All Wells Fargo consumer checking accounts are eligible for this offer.
  • You must use your bonus offer code at account opening. The offer code will be auto applied if you apply through the offer landing page. If you open an account in-branch, you need to submit your contact information first to receive a code, then use that when opening.
  • You are not eligible for this offer if you are a current owner of a Wells Fargo consumer checking account, have received a bonus for opening a Wells Fargo consumer checking account within the past 12 months, or if you are a Wells Fargo employee.
  • Limit one bonus per customer/account.

Why Wells Fargo Bank?

No matter how you look at it, Wells Fargo is huge. It's the fourth largest national bank in the United States and the 26th largest corporation of any kind.

With 13,000 ATM locations and 5,300 full-service branches, Wells Fargo has more brick and mortar locations than any other financial institution in the country. The bank also operates internationally, with a presence in 35 countries and over 70 million global customers.

Wells Fargo is based out of San Francisco, California, and offers bank accounts, credit cards, investment and retirement accounts, personal loans, wealth management services, and more.

Clear Access Banking℠

Clear Access Banking, formerly called Opportunity Checking, is a good option if you often worry about overdrawing your account. It’s a checkless account, meaning you can’t write checks, and all transactions are made digitally or with a debit card. The best part is that there there are no overdraft fees.

There’s a $25 minimum opening deposit, as well as a $5 monthly maintenance fee. The fee can only be waived for account holders that are 13 to 24 years old, making it a good teen checking option for younger people looking to open their first account.

Fees

Clear Access Banking℠ does charge a monthly fee of $5, but there are ways to get this waived:

  • Be between the ages of 13 and 24 years old.

Everyday Checking

The Wells Fargo Everyday Checking account is Wells Fargo’s most popular option for checking. You can open this account with a minimum deposit of $25, and it comes with all of the staples of a good checking account, including a debit card, checks, and access to online banking.

Fees

Everyday Checking does charge a monthly fee of $10, but there are ways to get this waived:

  • Maintain a daily balance of $500.
  • OR, receive $500 or more in total qualifying direct deposits.
  • OR, have a linked Wells Fargo Campus ATM or Campus Debit Card.
  • OR, be between the ages of 17 and 24 years old.

Preferred Checking

Preferred Checking is aimed at customers with a higher account balance and pays 0.01% APY on deposits over $500.You’ll also get access to no-fee cashier’s checks, and a discount on custom personal checks.

Preferred Checking comes with the same $25 minimum initial deposit as their Everyday Checking account, but the monthly fee is $15.

Fees

Preferred Checking does charge a monthly fee of $15, but there are ways to get this waived:

  • Have $10,000 in combined daily deposit balances (in linked consumer checking and savings accounts, CDs, and FDIC-insured retirement accounts).
  • OR, receive $1,000 or more in total qualifying direct deposits.
  • OR, have a Wells Fargo Home Mortgage linked to this account.

Portfolio by Wells Fargo®

Portfolio is Wells Fargo’s most exclusive checking account and comes with a bunch of premium benefits. You’ll earn the same 0.01% interest rate as with a Preferred Checking account, but the rates go higher if your balance hits $5,000. Fees are also easier to avoid. If you order checks, money orders, and or make withdrawals from non-Wells Fargo ATMs, those fees are waived.

Portfolio might be a good option if you’re planning to use a range of a lot of Wells Fargo’s products. You can get discounts on auto loan interest rates, as well as extra benefits and bonuses on your credit cards. You’ll also have access to online financial advisors that can help guide your decisions about brokerage accounts.

Fees

Portfolio by Wells Fargo® does charge a monthly fee of $25, but there are ways to get this waived:

  • Have $20,000 or more in statement-ending qualifying linked bank deposit account balances (checking, savings, CDs, or FDIC-insured IRAs) and investment account balances.