Wells Fargo Premier Checking $2,500 Bonus - Ends 4/1/23

Wells Fargo Premier Checking $2,500 Bonus – Ends 4/1/23

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Wells Fargo is currently offering a bonus of $2,500 for opening or upgrading to a Wells Fargo Premier relationship. To qualify for the bonus, customers must open a new Premier Checking account at a Wells Fargo branch with a minimum opening deposit of $25 and provide the bonus offer code to the banker at the time of account opening.

See Posts History below for more offers from Wells Fargo.

Wells Fargo Premier Checking $2,500 Offer Details

Bonus amount: $2,500
Account type: Premier Checking account
Minimum opening deposit: $25
Deposit requirement: $250,000 or more in new deposits to qualifying linked accounts by Day 45 and a minimum balance of $250,000 through Day 90 after the account upgrade or opening
Offer deadline: April 1, 2023

>>OFFER LINK FOR NEW ACCOUNTS

>>OFFER LINK FOR UPGRADING

Pros & Cons

Pros:

Wells Fargo is offering a significant bonus of $2,500.
Customers can choose between two options to meet the deposit requirement.
Customers can avoid the monthly service fee by maintaining a minimum balance of $250,000 or more.

Cons:

Customers must bring in $250,000 or more in new deposits to qualify for the bonus, which may not be feasible for everyone.

Waive The Monthly Fee

The Premier Checking account has a monthly service fee of $35. However, customers can avoid this fee each period by maintaining a minimum balance of $250,000 or more in statement-ending qualifying linked (a) bank deposit account balances (checking, savings, time accounts (CDs), FDIC-insured IRAs) and (b) investment account balances.

Fine Print

Eligibility Requirements:

Offer available to customers 1) upgrading an existing Wells Fargo consumer checking account to a Wells Fargo Premier Checking account, or 2) opening a new Premier Checking account.
You must use your bonus offer code at the time of account upgrade or new Premier Checking account opening.
Only one $2,500 bonus may be applied per upgraded account or new Premier Checking account. Limit one bonus per customer.
You are not eligible for this offer if:
- You have received a bonus for opening a Wells Fargo Premier Checking account within the past 12 months
- You are a Wells Fargo employee

Bonus Requirements:

To receive the $2,500 bonus, you must:

Upgrade to a Premier Checking account or open a new Premier Checking account by April 1, 2023 AND
Bring $250,000 or more in new deposits to qualifying linked accounts by Day 45 and maintain at least a $250,000 balance through Day 90 after account upgrade or opening.
- Qualifying linked accounts include (a) bank deposit account balances (checking, savings, time accounts (CDs), FDIC-insured IRAs) and (b) investment account balances (brokerage available through our brokerage affiliate Wells Fargo Advisors, and eligible foreign exchange transactions). Excludes applicable bank fiduciary and custody accounts, and annuities.

Minimum opening deposit to open the Premier Checking account is $25. All account applications are subject to approval.

Bonus Payment:

We will deposit your bonus into your Premier Checking account within 30 days after you have met all offer requirements.
The Premier Checking 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:

Interest on the Premier Checking account is compounded daily and paid monthly. The amount of interest earned is based on the daily collected balances in the account. The following Annual Percentage Yields (APYs) are accurate as of November 25, 2022. The account pays an APY of 0.25% if the balance is $0–$99,999.99 and 0.50% if the balance is $100,000 or more. Rates are variable and subject to change without notice. Fees could reduce earnings on this account.
Offer expires April 1, 2023. However, this offer may be discontinued or changed at any time prior to the expiration date without notice.
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 deposit offer (limit one bonus per customer). If your existing Wells Fargo checking account is enrolled with a bonus offer pending, this bonus will be forfeited once upgrading to a Premier Checking account for purposes of this upgrade bonus offer.
- Reproduced, purchased, sold, transferred, or traded.
The actions required to earn this bonus are separate and distinct from the options available to you to avoid any applicable monthly service fee for the checking account you upgraded to.

Bottom Line

Customers can choose between two options to meet the deposit requirement for the bonus offer. The first option is to deposit $250,000 in cash. The second option is to move over ETF investments and earn the $2,500 bonus.

It is worth noting that customers might face some fees during the process, such as the $35 monthly fee during the first month or two before transferring in the $250,000 balance and the $35 fee for the final month after transferring out their balances and before closing the account. However, it is still possible to complete the entire process without incurring any fees, and customers can earn approximately $800 more than they would from a bank account that earns 4.50% APY.

Other offers from Wells Fargo:

READ MORE: See The Best Bank Promotions Here And The Best Investing Promotions Here