Wells Fargo Bank Promotions of 2024

Wells Fargo is offering some enticing bonuses for new customers in 2024. If you're in the market for a new bank, check out the latest Wells Fargo bank promotions.

How you earn it: Open a new Wells Fargo Everyday Checking account online or any qualifying checking account at a branch with a $25 minimum deposit by June 25, 2024. Then make at least $1,000 of qualifying electronic deposit in the first 90 calendar days.

How you qualify: The offer is only available if you don't have a Wells Fargo personal checking account. You won't qualify if you're a current Wells Fargo customer or you've received a checking account bonus from the bank in the past 12 months. The offer also isn't available to Wells Fargo employees.

Where to open an account: You can open the account online or in person at one of Wells Fargo's 4,200 retail branches. If you're opening the account in person, you'll need to submit your email address on the Wells Fargo website to receive a personal offer code and provide it to your representative in order to get the Wells Fargo bank bonus.

Monthly fees: There's a $10 monthly fee, but it's waived in the following circumstances:

• You maintain a $500 minimum daily balance
• You have at least $500 in qualifying direct deposits, such as paychecks or government benefits
• You're the primary account holder and you're between the ages of 17 to 24
• You link the account to a Wells Fargo Campus ATM Card or Campus Debit Card.

Offer expires: June 25, 2024

How you earn it: The Wells Fargo Clear Access Banking account is a checkless checking account with no overdraft fees. You can earn a $125 bonus when you open a new account online or in person and make at least 10 qualifying transactions within 60 days. Qualifying posted transactions include:

• Sending and receiving money through Zelle
• Depositing checks using the Wells Fargo Mobile® app
• Paying bills with Wells Fargo Bill Pay
• Purchases with your Wells Fargo debit card or digital wallet

How you qualify: You're only eligible for the offer if you're not a current Wells Fargo customer and you haven't received a Wells Fargo checking account bonus in the last 12 months. The promotion isn't available to Wells Fargo employees.

Where to open an account: Open the account online or in person at a Wells Fargo branch with a minimum opening deposit of $25. To receive the bonus if you're applying in person, provide your email address on the bank's website to receive a personal offer code, then show the offer code to the bank employee who assists you.

Monthly fees: The account has a $5 monthly fee that's waived if:

• You're the primary account holder and you're between the ages of 13 to 24. (If you're younger than 17, you'll need an adult co-owner for the account.)
• You link the account to a Wells Fargo Campus ATM Card or a Campus Debit Card.
• You have a qualifying non-civilian military direct deposit with the Wells Fargo Worldwide Military Banking program.

Offer expires: June 25, 2024

How you earn it: You can earn a $525 bonus when you open a new Wells Fargo savings account. To qualify, you'll need to deposit at least $25,000 in the first 30 days, then maintain a $25,000 balance for 90 days. You'll also need to apply in person, but first, provide your email address on Wells Fargo's website to receive a personal offer code. To receive the bonus, you'll need to give the code to the employee who assists you.

How you qualify: You're only eligible for the offer if you don't have a Wells Fargo personal savings account and you haven't received a savings bonus or promotional rate that required an offer code in the past 12 months. You also won't qualify if you're a Wells Fargo employee.

Where to open an account: Open the savings account in person at a Wells Fargo location, and provide the personal offer code you received via email.

Monthly fees: The Wells Fargo Way2Save Savings account has a $5 monthly fee that's waived if:

• You maintain a $300 minimum daily balance
• You have one automatic transfer each month of at least $25 from a linked Wells Fargo checking account
• You have an automatic transfer of at least $1 from a linked Wells Fargo checking account each business day
• You have at least one Save As You Go® transfer from a linked Wells Fargo checking account
• You're the primary account holder and you're younger than 25

The Wells Fargo Platinum Savings account has a $12 monthly fee that's waived if you maintain a $3,500 minimum daily balance.

Offer expires: June 25, 2024

A few more things you should be aware of before taking advantage of a Wells Fargo promotion or any of the top banking bonuses:

• The offers are on par with what you get with other big banks. For example, you can earn a similar bonus if you open a Chase Total Checking® account. Another option is a checking account through Citibank.
• You can earn higher APYs elsewhere. Wells Fargo's checking and savings accounts pay APYs that are well below the national average. Consider the amount you can earn both from a bank bonus and interest if you're considering a new checking or savings account.
• There's no banking bonus for opening a new business account as of this writing. Some banks offer a bonus to small business owners when they open a new business checking account.

Wells Fargo's checking account bonuses are fairly competitive. Checking accounts generally pay minimal interest rates (or no interest), so the welcome bonus typically matters a lot more than it does for savings accounts. If you've weighed the pros and cons of banking with Wells Fargo, a checking account bonus could sweeten the deal.

But the $250 Wells Fargo savings account bonus isn't quite so generous, given that you'll need to deposit at least $25,000 to qualify and that account APYs are below the national average. Many of the best online savings accounts pay 5.00% or higher. If you deposited $25,000 in a high-yield savings account with a 5.00% APY, you'd earn $1,250 in one year -- and that's with no bonus.

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