Wells Fargo Bank Promotions of 2025
Review
Updated
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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.
Wells Fargo Everyday Checking
Wells Fargo offers convenient banking solutions with a widespread network of approximately 4,700 branches and 12,000 ATMs. You can earn a generous $300 bonus by simply opening a new checking account with a minimum deposit of $25 and receive a total of $1,000 or more in qualifying direct deposits within 90 days of opening the account. To avoid the $10 monthly fee, you will need to do one of the following: receive $500 in direct deposits per month, maintain a minimum balance of $500, link your account to a Wells Fargo Campus ATM or Campus Debit Card, or be age 17-24.
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:
Offer expires: June 25, 2024
Wells Fargo Clear Access Banking
Wells Fargo has about 5,200 branches worldwide, with over 13,000 fee-free ATM locations, and The Wells Fargo Campus Card Program offers banking services at 27 schools in 13 states. Wells Fargo also has a program where students can take advantage of CollegeSTEPS® planning resources, which includes exclusive access to over 7 million scholarships.
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:
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:
Offer expires: June 25, 2024
Wells Fargo Way2Save Savings
The Wells Fargo Way2Save Savings offers a safe, FDIC-insured place to store savings, as well as numerous ways to withdraw and deposit cash. It has an extremely low APY (no tiers earn at a higher rate), but if in-person banking is important to you, this account could offer more flexibility than online banks.
Wells Fargo Platinum Savings
The Wells Fargo Platinum Savings account can offer higher APYs than most branch-based banks, but with the convenience that comes with a national bank. To qualify for the account's highest APYs, customers will need to maintain a high account balance and qualify for a relationship rate by linking to a Premier Checking account. The account's standard APY and relationship rate for linking to Prime Checking are not competitive with other high-yield savings accounts.
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:
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:
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 4.00% or higher. If you deposited $25,000 in a high-yield savings account with a 4.00% APY, you'd earn $1,000 in one year -- and that's with no bonus.
Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
up to 3.80%²
Rate info
You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
|
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for CIT Platinum Savings
On CIT's Secure Website.
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
4.10% APY for balances of $5,000 or more
Rate info
4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn: $100 to open account, $5,000+ for max APY
|
Earn a bonus of at least $225 after a one-time deposit of $25,000+.
Transfer a one-time deposit of $25,000-$49,999.99 for a bonus of $225. Transfer a one-time deposit of $50,000+ for a bonus of $300. Account must be opened with code PS2025 while this promotion lasts, and funded within 30 days. Bonus will be fulfilled within 60 days from the funding date. There is no period of time where the customer will be required to maintain the funds. Account must be open when bonus is credited. One bonus per account and primary customer. Bonus will be credited into the Platinum Savings Account that fulfills the funding requirement. Funding can be deposited all at once or incrementally.
|
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
Open Account for American Express® High Yield Savings
On American Express's Secure Website.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
3.70%
Rate info
3.70% annual percentage yield as of April 17, 2025. Terms apply.
Min. to earn: $0
|
N/A
|
Open Account for American Express® High Yield Savings
On American Express's Secure Website. |
SoFi disclosure:
¹ New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking#1.
² SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
³ We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
⁴ SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.
Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
⁵ We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
⁶ Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
⁷ Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with direct deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the“30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.
Our methodology for scoring banks and credit unions revolves around evaluating key aspects such as annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks.
These criteria are weighted differently across various account types, ensuring a comprehensive assessment that reflects the competitive landscape and economic conditions.
We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased by advertiser influence. This robust evaluation process helps us generate balanced, reliable best-of lists that guide consumers to top financial products.
Learn more about how Motley Fool Money rates bank accounts.
Yes, Wells Fargo's $300 bonus is legit. To qualify, you'll need to open a new Wells Fargo Everyday Checking account and have at least $1,000 in qualifying direct deposits in the first 90 days.
You'll typically have a qualification period during which you'll need to make the required deposits. You'll receive the bonus about 30 days after the qualification period ends, provided that you've met all the requirements. In total, you can expect to get a Wells Fargo Everyday Checking bonus about 120 days after opening the account.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page. APYs are subject to change at any time without notice.
