Wells Fargo Bonus Promotions: Nationwide $200 New Checking Account Bonus (September 2021)

Banks need accounts. You need more cash.

How about getting a $200 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 $200 bonus review.

Wells Fargo $200 Checking Account Bonus Summary

  • What you get: $200 cash bonus
  • Who qualifies: Nationwide
  • Where to open: Online or in-branch
  • How to get it:
    • Open an Everyday Checking account,
    • Make a minimum opening deposit of $25 to fund your account,
    • 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”).
  • When does it expire: 9/30/2021
Discover Bank Logo

Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus to open your first Online Savings Account. Just open it with the code WH21 by 12/15/2021 and then deposit at least $15,000 to get the lowest bonus amount. Deposit $25,000 to get the higher amount.

Learn more about this offer

Table of Contents
  1. How to Earn the $200 Bonus?
  2. Does Wells Fargo Really Give You $200?
  3. Wells Fargo Targeted $300 Bonus Offer
  4. How to Get an In-Branch Sign Up Coupon Code
  5. Who Is Eligible for this Bonus?
  6. How to Avoid Checking Account Fees?
  7. Take Advantage of Account Perks
  8. How Does This Offer Compare?
  9. Other Wells Fargo Bonuses & Promotions
    1. Wells Fargo Active Cash Card – $200
    2. Wells Fargo Propel American Express: 20,000 Bonus Points
  10. Frequently asked questions

How to Earn the $200 Bonus?

This is what you need to do to earn the $200 Bonus:

  1. Open an Everyday Checking account online or in a branch by 9/30/2021.
  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 $200 bonus deposited into your account within 30 days if you met all the offer requirements.

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

Learn more about the Wells Fargo offer

You cannot be an existing Wells Fargo consumer customer and you are limited to one bonus per customer per 12 months. You also cannot be an employee of Wells Fargo. If you don’t qualify for Everyday Checking but can get an Opportunity Checking account, this offer still applies.

Does Wells Fargo Really Give You $200?

Yes, Wells Fargo will give you they’re trying to get new customers and this welcome bonus is how they’re enticing you with $200. 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 $200 offer today not because of an ad, right? 🙂

Wells Fargo Targeted $300 Bonus Offer

I recently received a mailer from Wells Fargo offering a higher $300 bonus when you open a Wells Fargo checking account with $25 by September 30th, 2021. Then, you need to receive a total of $1,000 or more in qualifying direct deposits to the new checking account within 90 days.

It notes that this is an “exclusive, non-transferable offer” and “you must be the intended recipient of the direct mail offer.” It even includes a bonus offer code.

That being said, it was mailed to “Dear Resident” so I wasn’t personally targeted for this offer, it was my address.

Here is the letter:

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:

I replaced my code with a black box.

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.

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.

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

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):

  • 10+ posted debit card purchases/payments from this checking account. This does not include transactions at an ATM.
  • Qualifying direct deposits totaling $500 or more.
  • Maintain a $1,500 minimum daily balance.
  • A linked Wells Fargo Campus ATM or Campus Debit Card.

The fee is also waived if you, as the primary account owner, are between 17 and 24 years old.

Take Advantage of 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

How Does This Offer Compare?

Wells Fargo has one of the better offers at this moment. $200 is simply much higher than any of the other banks and Wells Fargo has a huge geographic footprint so almost everyone qualifies for it.

Here are how a few other offers stack up:

Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH21 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.

Chase Total Checking® – $225

Chase Bank will give you $225 when you open a Total Checking account and set up and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

HSBC Premier Checking – $450

HSBC has an offer where you can get $450 for eligible new customers who open an HSBC Premier checking account and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months. Click here to learn more about this offer.

Huntington Bank – up to $500

If you are a resident of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia then you could get up to $500 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region. Click here to learn more about Huntington Bank offers.

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.

Other Wells Fargo Bonuses & Promotions

The banking offer is just the beginning if you don’t have any Wells Fargo accounts.

You can get a cash bonus on their credit cards too.

Wells Fargo Active Cash Card – $200

The Wells Fargo Active Cash Card is offering a very easy to accomplish bonus – get $200 after spending $1,000 on purchases in the first 3 months.

This card is also making a great case for being your everyday card too since it offers unlimited 2% cash rewards on purchases with no limit!

Best of all, $0 annual fee.

Learn more about this card (and others)

Worth a look if you want to go full Wells Fargo or just need to up your cashback credit card game.

Frequently asked questions

Does Wells Fargo really give you $200?

Yes, new Wells Fargo customers can get $200 when they open a new account 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.

How do you get your Wells Fargo bonus?

Once you open your account and satisfy the requirements, you will receive the cash deposited into your accounts within 30 days.

Does Wells Fargo have any promotions?

Yes, Wells Fargo frequently offers promotions for new customers and you can check this page for the latest available bonuses and promotions.

Wells Fargo $200 Bonus


Product Rating



  • Very high dollar amount bonus ($400)
  • Nationwide geographic footprint
  • Easy bonus requirements


  • Direct deposit required (but low amount)

Other Posts You May Enjoy:

26 Games that Pay Real Money

Mobile games are a fun activity in your free time. Unlike the very first phone games such as Snake or Tetris that were for entertainment only, many game apps pay real money today. From arcade games to trivia, you can have fun and make money in your spare time.

Pinecone Research Review: More Money for Surveys

Anyone who wants to make money online with surveys should consider Pinecone Research as each survey earns $3 with a time investment of 20 minutes. The platform can be a good option for enthusiastic survey takers looking to boost their side hustle income too.

About Jim Wang

Jim Wang is a thirty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

Reader Interactions

Leave a Comment:


About the comments on this site:

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

  1. Antwan Choice says

    Hey Jim quick question, what do you mean by “it is reported as interest so you’ll pay taxes”? Taxes on what?

    • Jim Wang says

      The money that you get in this promotion is considered interest income so you’ll owe ordinary income taxes on that amount.

  2. Jacky says

    So I received the bonus last June but I closed my account last October, do I need to wait until October to open a new account and get the bonus or I could do it now in June?

    • Jim Wang says

      I’d call the bank to find out, I’m not sure what their requirements are for a “new customer.”

As Seen In: