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APY = Annual Percentage Yield. APYs are subject to change at any time without notice.
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 Bonus: Earn $300 with a $1,000 deposit
4.00/5
Our ratings are based on a 5 star scale.
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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
Need to meet certain requirements to avoid $10 monthly fee
$25 minimum opening deposit
Does not earn interest
Fee for out-of-network ATM withdrawals
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:
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
Wells Fargo Clear Access Banking Bonus: Earn $125 with 10 qualifying transactions
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
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
Wells Fargo Campus Card for participating colleges
Low APY
High overdraft and international payments fees
High requirements to qualify for waived fees
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:
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
Wells Fargo Savings Account Bonus: Earn $525 with a $25,000 deposit
3.00/5
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
Rating image, 3.00 out of 5 stars.
3.00/5
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
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.
3.50/5
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
Rating image, 3.50 out of 5 stars.
3.50/5
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
0.05% to 2.51%
Rate info
There are four tiers of APYs: $0 - $99,999.99, $100,000 - $499,999.99, $500,000 - $999,999.99, and $1 million or more. The higher your balance, the greater your APY. The highest rates are relationship interest rates. Your Platinum Savings must be linked to a Premier Checking account to qualify for the highest rates.
Min. To Earn APY
$25 to open, then $0
Competitive APYs for high balances with relationship rate eligibility
Can avoid monthly fees
Low minimum deposit
Thousands of branches
Unlimited branch/ATM withdrawals
Check-writing privileges
Best rates are relationship rates for very high balances
Online savings accounts have higher APYs
Monthly service fee
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.
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
What else should you know about Wells Fargo bank bonuses?
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.
Are Wells Fargo bank promotions worth it?
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.
Compare savings rates
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.
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
3.80%
Rate info
3.80% annual percentage yield as of December 28, 2024. Terms apply.
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 4.00%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
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
3.80%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.
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.
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.
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