Existing Way2Save Savings account customers can earn $525 when you deposit $25,000 or more in new money to earn a $525 cash bonus from Wells Fargo Bank.
- Update 1/11/2024: The offer has been extended through April 1, 2024. While this is a great offer, here’s another one to consider: get up to $400 checking bonus from BMO Bank.
- Update 11/29/2023: The offer is still active.
- Update 10/2/2023: The offer is back and extended through January 9, 2024.
You can find the offer for new customers here.
See Posts History below for more offers from Wells Fargo.
Wells Fargo $525 Savings Account Offer (In-Branch)
- What you’ll get: $525 bonus
- Where it’s available: Nationwide
- How to earn it:
- Enter your email address at the offer link to get your offer code by email.
- Sign up your existing Way2Save Savings account at a Wells Fargo branch by January 9, 2024.
- You must provide the bonus offer code to the banker at the time of account signup.
- Deposit $25,000 or more in new money to your Way2Save Savings account by Day 30 and maintain at least a $25,000 balance for 90 days after account signup.
- They will deposit your bonus into your Way2Save Savings account within 30 days after you have met all offer requirements.
- When it expires: 4/1/2024
Waive The Monthly Fee
The Wells Fargo Way2Save Savings account monthly service fee is $5. Minimum opening deposit is $25. The monthly service fee can be avoided with one of the following each fee period:
- $300 minimum daily balance
- Automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account
- Automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account
- or more Save As You Go® transfers from a linked Wells Fargo checking account. A qualifying Save As You Go transfer is an automatic transfer of $1 from your linked Wells Fargo checking account to your Way2Save Savings account each time you (or any authorized signer or joint owner) use your debit card for a one-time purchase or complete a Bill Pay transaction through online banking, and the one-time debit card purchase or Bill Pay transaction posts to the account. We reserve the right to determine through our sole discretion if a particular transaction is a qualifying transaction.
- Primary account owner is 24 years old or under. (When the primary account owner reaches the age of 25, age can no longer be used to avoid the monthly service fee.) Customers 12 and under must have an adult co-owner.
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA AND BMO.
Fine Print
Eligibility Requirements:
- This offer is for existing Way2Save Savings customers only. Way2Save Savings is the only account eligible for this offer.
- You must provide your bonus offer code to a banker at a Wells Fargo branch to sign up your existing Way2Save Savings account for this offer.
- You are not eligible for this offer if:
- You are not a current owner of a Way2Save Savings account
- You have received any other consumer savings offer bonus or promotional rate that required a bonus offer code within the past 12 months.
- You are a Wells Fargo employee
Bonus Requirements:
To receive the bonus, you must:
- Sign up your existing Way2Save Savings account for this offer by going to a branch and having a banker apply your bonus offer code to the account.
- Deposit $25,000 or more in new money to your Way2Save Savings account by Day 30 from the account signup, and maintain at least a $25,000 balance through Day 90 after account signup.
- New money is money that is new to the customer or new to Wells Fargo (deposited into the customer’s existing savings account directly from outside of Wells Fargo and Company and all affiliates, or from a Wells Fargo account not owned by the customer).
Bonus Payment:
- They will deposit your bonus into your Way2Save Savings account within 30 days after you have met all offer requirements.
- The savings account must be open at the time we attempt to deposit any earned bonus payment. Please note that an account with a zero balance may be closed by us without prior notice, as further described in the Deposit Account Agreement.
- You are responsible for any federal, state, or local taxes due on the bonus and we will report as income to the tax authorities if required by applicable law. Consult your tax advisor.
Additional Terms and Conditions:
- The Way2Save Savings account eligible for this offer is an interest-bearing account which pays an Annual Percentage Yield (APY) of 0.15% on all balances. The APY is accurate as of April 5, 2023 and may change at any time without notice. Interest is compounded daily and paid monthly. The amount of interest earned is based on the daily collected balances in the account. Fees may reduce earnings.
- Offer expires January 9, 2024. However, this offer may be discontinued or changed at any time prior to the expiration date without notice.
- This offer cannot be:
- Paid without a valid U.S. Taxpayer Identification Number (Form W-9 for U.S. persons including a resident alien). Non-resident aliens, signing Form W-8 are not eligible for the offer.
- Combined with any other consumer savings offer that requires a bonus offer code (limit one offer per customer/account).
- Reproduced, purchased, sold, transferred, or traded.
READ MORE: GET THIS $200 BONUS FROM CHASE BEFORE IT EXPIRES
Bottom Line
There’s also an offer for a $2,500 bonus with Wells Fargo Premier Checking, but you need to transfer $250,000 in assets. The good news is that the $25,000 in the savings account SHOULD count towards that amount. You can combine both offers and open both accounts at the same time to make the most of the bonus.
More from Wells Fargo:
- Best Wells Fargo Bank Bonuses, Promotions of September 2024
- Wells Fargo Bank Bonus: $325 Offer for the Everyday Checking Account – Ends 8/20/24
- Wells Fargo $525 Bonus for the Way2Save Savings Account – Ends 8/20/24
- Wells Fargo $300 Everyday Checking Account Bonus – Ends 9/25/2024
- Wells Fargo Premier Checking $2,500 Upgrade Bonus – Ends 8/20/24
- Wells Fargo $225 Bonus for the Way2Save Savings Account – Ended
- Wells Fargo $1,500 Bonus Offer for Business Checking Account – Ended
- Wells Fargo $200 Bonus Offer for Everyday Checking Account (Nationwide) – Ended
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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