Wells Fargo Promotions: Get $400 New Account Bonus (January 2020)

Banks need accounts.

You need more cash.

How about $400 to open a Wells Fargo Everyday Checking and Savings account and making it your main bank account?

That's what Wells Fargo is willing to do if you're willing to open an account and within 150 days, receive a total of $3,000 or more each month in qualifying direct deposits for three consecutive months. It's reported as interest, so you'll owe taxes on it, but that's a nice chunk of change to switch banks.

This looks a lot like other similar high dollar bank promotions.

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 (you actually must apply online) so you're not even required to change out of your jammies and visit a branch!

And there's also a great $150 bonus from their Wells Fargo Cash Wise Credit Card too!

How to Get $400 from Wells Fargo

The promotional requirements the Checking Account are:

• Open an Everyday Checking account online (from this webpage only) by the promotional deadline.
• Make a minimum opening deposit of $25 to fund your account.
• Within 150 days, set up and receive a direct deposit with a cumulative monthly total of $4,000 in qualifying direct deposits for three consecutive months.

Do those three simple steps and you'll see the $400 bonus deposited into your account within 45 days.

Click below on the orange “Learn More” button to open your account (if you don't see it below, click on this link to reload the page):

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.

In the past, Wells Fargo paired this with another offer of $250 for their savings account. For the time being, it looks like that part of the deal has been removed.

For comparison purposes, the promotional requirements for the Savings Account were:

• Open an eligible savings account online by the promotional deadline.
• Make a minimum opening deposit of $25 to fund your account.
• Within 10 days, deposit at least $15,000 in new money and maintain a minimum daily balance of at least $15,000 for 90 days from account opening.

The only other restriction was that you must go to a branch to open your savings account. You'd have to go to the promotional website, fill out the form to have Wells Fargo email you a promotional code, and visit a local branch to complete the process.

How to Get an In-Branch 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 a little different with different pictures) and enter your name, email, and ZIP code to get a promotional code via email:

Then check your email for the code and you can go to the nearest branch.

Find a Wells Fargo Near You

Don't know where the nearest Wells Fargo bank branch is?

Chances are you live near a Wells Fargo location because they have about 5,400 retail branches (and over 13,000 ATMs!). They operate in every state except New Hampshire, Indiana, Kentucky, Louisiana, Maine, Massachusetts, Missouri, Ohio, Oklahoma, Hawaii, Rhode Island, and West Virginia.

Their ATM and banking locator can help you find the closest location.

Wells Fargo Everyday 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.

Wells Fargo Everyday Checking 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.

Wells Fargo Visa: $150 Cash Bonus

Wells Fargo offers some solid cashback credit cards as well with generous new account bonuses.

Get $150 when you open a Wells Fargo Cash Wise Visa Card and spend $500 in purchases in the first 3 months. The card is an unlimited 1.5% cash back credit card on all purchases and does not have an annual fee.

$150 bonus plus 1.5% is a great start. It's 25% better than your standard cashback card – plus it is cold hard cash, not points you have to convert. There is also a 0% introductory APR for 15 months on purchases and balance transfers (there is a balance transfer fee). Regular APR after the promotion is 15.49%-27.49% Variable.

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.

Wells Fargo Propel American Express: 30,000 Bonus Points

If you're in the market for an American Express card that will give you 30,000 bonus points when you spend $3,000 in purchases in the first 3 months (worth $300 cash redemption value), then give the Wells Fargo Propel American Express Card some consideration.

It gives you 3X points for eating out and ordering in, 3X points for gas stations, rideshares, and transit, and 3X points for travel (flights, hotels, homestays, and car rentals). 1X points on everything else. It has no annual fee too.

Learn more about this card (and others)

Wells Fargo ABA Routing Numbers

If you want to get a jump on transferring funds from another back, you can use the ACH system. Here is Wells Fargo's ABA routing number, which is based on the state in which you opened your account (information is taken from their routing number lookup but doesn't make you click through the menu system):

How Does This Offer Compare?

Wells Fargo has the richest offer at this moment. $400 is simply much higher than any of the other banks and Wells Fargo has a huge geographic footprint so almost everyone qualifies for it.

By comparison, , Chase offers a pretty solid promotion right now. You can get up to $350 by opening a Chase Total Checking Account and a Chase Savings Account. The terms are similar to the Wells Fargo offer except the minimum daily balance is much higher.