I posted just a few weeks back about an atypically large $400 bonus for opening a consumer checking account. Turns out there’s now something even better, with the standing offer of $500 for the small hassle of $1,000 in direct deposits. Easy to meet requirements, to avoid any fees, and quick to cash in. When does it pan out that I move too quick, as I opened one last month for the $400 bonus.
The Offer (link to offer here) valid through October 6, 2026
- Open an eligible checking account with the emailed bonus code
- Make $1,000 or more in direct deposits within 90 days of opening
- Enjoy $500 within 30 days of meeting offer requirements
- Notes on exclusions/limitations: (full details on the above link)
- New consumer checking customers only (cannot have current Wells Fargo checking account)
- Cannot have received a checking bonus from Wells Fargo in the past 12 months
- Minimum opening deposit is $25
- This checking account DOES have a $15 monthly fee, but it is easily waived with $500 or more in monthly direct deposits
My Take
Do it. Update Direct Deposit for one paycheck. Transfer the money out, and close the account. Under 2-months and no fees. Note the dates so you know when you can do it again in 2027. Thank the Wells Fargo corporate overlords for their generosity.
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