Wells Fargo $300 Bonus Promotions: New Checking Account Bonus (August 2022) (2022)

Banks need accounts. You need more cash.

How about getting a $300 sign-up bonus to make a Wells Fargo Everyday Checking account your main bank account?

That’s right, Wells Fargo will give you money for opening an account. Open an account and within 90 days, receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening. It’s reported as interest, so you’ll owe taxes on it, but that’s a nice little bonus to switch banks.

This looks similar to other high dollar bank promotions. Check them out after reading through this article.

Definitely worth a look if you’re in a state where the offer qualifies (there are a few restrictions, listed below) but you can apply online so you’re not even required to change out of your jammies to visit a branch!

Read on to figure out how you sign up for the offer as well as how long it takes to see the bonus. I’ve also compiled other Wells Fargo bonuses and promotions you can take advantage of below the $300 bonus review.

💰 Get up to $2000 from a Citi Priority Account Today!

Citi Priority is offering up to $2000 when you open a Citi Priority Accountby 1/9/2023.

Then, within 20 days of opening your account, deposit New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus is based on the amount you transfer.

This is a limited time offer so don’t wait!

Learn more about this offer

Wells Fargo $300 Checking Account Bonus Summary

  • What you get: $300 cash bonus
  • Who qualifies: Nationwide
  • Where to open: Online or in-branch
  • How to get it:
    • Open a Wells Fargo Everyday Checking account,
    • Make a minimum opening deposit of $25 to fund your account,
    • Next, receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening (the “qualification period”),
    • Collect $300 after the qualification period!
  • When does it expire: 7/15/2022
Table of Contents
  1. How to Earn the $300 Bonus?
    1. Who Is Eligible for this Bonus?
    2. Does Wells Fargo Really Give You $300?
    3. How to Get an In-Branch Sign Up Coupon Code
    4. How to Avoid Checking Account Fees?
    5. Take Advantage of These Account Perks
  2. Wells Fargo $1,000 Business Checking Offer
  3. How Does This Offer Compare?
  4. Wells Fargo Credit Card Bonuses
    1. Wells Fargo Active Cash Card – $200
  5. Frequently asked questions

How to Earn the $300 Bonus?

Wells Fargo $300 Bonus Promotions: New Checking Account Bonus (August 2022) (1)

This is what you need to do to earn the $300 Bonus:

  1. Open an Everyday Checking account online or in a branch by 7/15/2022.
  2. Make a minimum opening deposit of $25 to fund your account.
  3. Next, receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening (the “qualification period”).

After the 90 day qualification period, you’ll see the $300 bonus deposited into your account within 30 days if you met all the offer requirements.

Click the green Learn More button below to find out more:

Learn more about the Wells Fargo offer

We’ve had readers run into problems with Wells Fargo because they referenced Wallet Hacks as the source of the promotion. We are not offering this bonus, Wells Fargo is (the link above goes to their website). If you are asked, tell them you saw it on the Wells Fargo website (the link is above!) because that’s where it’s live. We are simply the messengers!

Who Is Eligible for this Bonus?

New checking customers are eligible and all consumer checking accounts are eligible. There does not appear to be a geographic restriction.

If you don’t qualify for Everyday Checking but can get an Opportunity Checking account, this offer still applies.

The following people are NOT eligible:

  • Current consumer checking account customer (if you only have a business or mortgage account, it appears you are eligible)
  • You have received a bonus for opening a Wells Fargo consumer checking account within the past 12 months
  • Wells Fargo employees

Does Wells Fargo Really Give You $300?

Yes, Wells Fargo will give you $300 because they’re trying to get new customers and this welcome bonus is a nice little carrot. This is one of the simplest bonuses to get and you only need to open it with $25 and receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.

They can afford to do this because it’s like any other kind of marketing. They can buy ads or they can simply offer a promotion and rely on word of mouth to get people’s attention. You found this $300 offer today and they didn’t have to pay for an ad right? 🙂

How to Get an In-Branch Sign Up Coupon Code

If you want to open your account in a branch or simply don’t like opening bank accounts online, you can get a promotional code emailed to you.

Click the orange button above and on that next page, you want to click on Open In-Branch (I drew the green box to show you where it is. It won’t have a green box on the actual page and the page may look slightly and enter your name, email, and ZIP code to get a promotional code via email:

Wells Fargo $300 Bonus Promotions: New Checking Account Bonus (August 2022) (2)

Once you click “Get My Code” you will be redirected to a page with your unique code, it looks like this:

Wells Fargo $300 Bonus Promotions: New Checking Account Bonus (August 2022) (3)

You will also get an email with the subject “Your $200 bonus offer code is here” with the code in the body of the email. Then you just go to the nearest branch and open the account.

NOTE: You do NOT have to open the account in person. You can do it entirely online.

Learn more about the Wells Fargo offer

How to Avoid Checking Account Fees?

The account has a $10 monthly service fee. You can avoid it quite easily.

To get the fee waived, you need to do only one of the following each “fee period” (statement period):

  • $500 minimum daily balance
  • $500 or more in total qualifying direct deposits
  • Primary account owner is 17-24 years old. (When the primary account owner reaches the age of 25, age can no longer be used to avoid the monthly service fee.)
  • Linked to a Wells Fargo Campus ATM or Campus Debit Card.

Check the full details when you click through to the promotional page.

Take Advantage of These Account Perks

The account itself is pretty standard for a checking account.

They do promote three features that are quite rare:

  • You can turn off your debit card in the event you lose it, so it’s not an outright closure unless you’re 100% sure you’ve lost it. If you are 100% sure, you need to report it stolen. If you’ve misplaced it (say at a bar or something) and you know where it is, you can disable it until you get it back.
  • Access ATMs without your card by requesting a one-time access code via the app.
  • Overdraft Rewind lets you avoid an overdraft fee if you overdraft your account but receive a direct deposit the following day that replaces the amount you overdrew by.

>> Related: Here’s how to find your Wells Fargo routing number

Wells Fargo $1,000 Business Checking Offer

I just received a mailing for a new Wells Fargo $1,000 bonus offer (delivered June 4th, 2022).

If you run a business, Wells Fargo offers a $1,000 bonus when you open a new business checking account by 7/22/2022. Then, have at least $20,000 ending daily balance in that account on the 30th calendar day and the 60th calendar day after account opening.

The mailer had an bonus offer code of MJNS32. It says you have to provide the bonus offer code but it doesn’t say bring in the mailing though.

(for what it’s worth, earlier in 2022, the bonus offer was for $1,500 when you had at least $15,000 ending daily balance)

You must visit a branch to get this offer.

Here’s the offer letter, click for full size images:

Wells Fargo $300 Bonus Promotions: New Checking Account Bonus (August 2022) (4)
Wells Fargo $300 Bonus Promotions: New Checking Account Bonus (August 2022) (5)

How Does This Offer Compare?

Wells Fargo has one of the better offers at this moment. $300 is simply much higher than any of the other banks and Wells Fargo has a huge geographic footprint so almost everyone qualifies for it.

Here are how a few other offers stack up:

⭐Citi Priority Account – up to $2000

Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2023. Then, within 20 days of opening your account, deposit at least $10,000 in New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $10,000.

Click here to learn more

Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH622 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.

Click here to learn more

Chase Total Checking® – $200

Chase Bank will give you $200 when you open a Total Checking account and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

Click here to learn more

SoFi Money – up to $300

SoFi Money will give you up to $300 if you open an account and make direct deposits of at least $1,000. The bonus will be based on the total amount of those direct deposits in a 30-day evaluation period.

Click here to learn more

Huntington Bank – up to $300

If you are a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin then you could get up to $300 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region.

Click here to learn more

Make sure to review this guide on bank account bonuses to ensure you know what to watch for when it comes to these types of offers.

Wells Fargo Credit Card Bonuses

The banking offer is just the beginning if you don’t have any Wells Fargo accounts.

You can get a cash bonus on their credit cards too, though the bonus is a bit lower than our best credit card sign up bonuses.

Wells Fargo Active Cash Card – $200

Wells Fargo $300 Bonus Promotions: New Checking Account Bonus (August 2022) (6) The Wells Fargo Active Cash Card is offering a very easy to accomplish bonus – get $200 after spending $1,000 on purchases in the first 3 months.

This card is also making a great case for being your everyday card too since it offers unlimited 2% cash rewards on purchases with no limit!

Best of all, $0 annual fee.

Learn more about this card (and others)

Worth a look if you want to go full Wells Fargo or just need to up your cashback credit card game.

Frequently asked questions

Does Wells Fargo really give you $300?

Yes, new Wells Fargo customers can get $300 when they open a new account with $25 and receive a total of $1,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.

Does Wells Fargo have any promotions?

Yes, Wells Fargo frequently offers promotions for new customers and you can check this page for the latest available bonuses and promotions.

Wells Fargo $300 Bonus

Wells Fargo $300 Bonus Promotions: New Checking Account Bonus (August 2022) (7)

9

Product Rating

9.0/10

Strengths

  • Very high dollar amount bonus ($400)
  • Nationwide geographic footprint
  • Easy bonus requirements

Weaknesses

  • Direct deposit required (but low amount)

Other Posts You May Enjoy:

Freecash Review: Is Freecash the Top Site to Make Money?

Freecash is a get-paid-to site that's putting a unique spin on the concept of GPT sites by incorporating rewards like crypto. But as a relative newcomer to the scene, can Freecash compete with the top GPT sites? In this Freecash review, we’ll show you how it works and help you decide whether or not Freecash is for you.

How Much Do YouTubers Make?

Have you ever wondered how much money YouTubers make?While there are YouTubers who make huge money, it's certainly not the case for the vast majority. This article will give you ideas about how much you can make as a YouTuber, where that income might come from, and some of the best ways to grow your YouTube audience.

Get Paid Today: 17 Ways to Make Money In Your Spare Time

There are plenty of ways to make money in your free time, but some require several months of effort scaling a business or learning a new skill before you start earning a steady income. Thankfully, there are ways to get paid today by working online and in your local community with the skills and equipment you already possess.

Alliant Credit Union Bonus Promotions: $100 for Savings

Alliant Credit Union is an online credit union (100% digital) that anyone can join. They offer a bonus on their savings account that is easy to obtain with no annoying fees.

Wells Fargo $300 Bonus Promotions: New Checking Account Bonus (August 2022) (12)

About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

You might also like

Latest Posts

Article information

Author: Kieth Sipes

Last Updated: 09/02/2022

Views: 6218

Rating: 4.7 / 5 (67 voted)

Reviews: 82% of readers found this page helpful

Author information

Name: Kieth Sipes

Birthday: 2001-04-14

Address: Suite 492 62479 Champlin Loop, South Catrice, MS 57271

Phone: +9663362133320

Job: District Sales Analyst

Hobby: Digital arts, Dance, Ghost hunting, Worldbuilding, Kayaking, Table tennis, 3D printing

Introduction: My name is Kieth Sipes, I am a zany, rich, courageous, powerful, faithful, jolly, excited person who loves writing and wants to share my knowledge and understanding with you.