Who is Eligible?
The $250 bonus program is open to almost any new Wells Fargo customer who signs up for a Everyday Checking account. So if you are already an Wells Fargo customer you are excluded from this deal. Current Wells Fargo employees are also excluded from taking part in the bonus program. You may also be excluded from the program if you are not a Wells Fargo customer but have taken advantage of a similar checking account bonus program before.
How to Receive the Bonus
There are a few requirements you will need in order to receive your $250 bonus. First, this is an online-only promotion. Meaning, you will not receive the bonus if you sign up for a new account in person at a Wells Fargo bank or over the phone. You will need to go the the Wells Fargo website to open your new account in order to receive your $250 bonus. This is the only way you can take advantage of the bonus program. You will go to the Wells Fargo website, then you will select Everyday Checking from the online promotions page to make sure you get your bonus.
Once you have signed up online for your new account, you will need to deposit at least $25 into your checking account. In addition, you are required to make at least 10 purchases or payments with your debit card within the first 60 days of opening your account. You have 60 days to make your payments, but the sooner you complete them the sooner you will receive your $250 bonus. Once you have fulfilled your requirements, Wells Fargo will send your $250 deposit within 45 days.
If you’re not sure if you can make all 10 purchases and payments, or you don’t plan to use your debit card, don’t fret. There is another way that you can receive your $250 bonus without making purchases or payments with your debit card. Simply deposit at least $500 into your new checking account and you will still receive your bonus within 45 days.
The Everyday Checking Account
The Everyday Checking account has low fees and is convenient to use, making it a very popular choice. There is a small $10 monthly maintenance fee, but there are several ways that you can get this fee waived. Wells Fargo will waive the $10 fee if you make at least 10 debit card purchases during the month. Also, if your minimum daily balance is over $1500, the fee will be waived. Another way to avoid paying the fee is to sign up for direct deposit and have at least $500 deposited into your account each month.
The Everyday Checking account offers 24/7 account access online and by phone, this includes checking your balance, depositing checks, paying bills, sending money, and transferring funds all from your phone or tablet device. You get fraud protection as well as access to more than 13,000 ATMs nationwide. The Everyday Checking account also offers free account alerts sent to your email or texted to your phone and overdraft protection.
The $250 bonus program with the Wells Fargo Everyday Checking account will only be offered for a limited time, so it’s very important that you take advantage of it while you can. If you do miss out, keep searching because most banks offer similar bonus programs that you can take part in.