Wells Fargo $400 Checking Account Bonus

Wells Fargo window sign in front of bank

Wells Fargo is offering a $400 bonus for opening up a checking account and set up a direct deposit for 3 months. This is one of the best bank bonuses that can be done over and over again. We recommend you do this whenever you become eligible.

Where do I enroll?

You can enroll directly at the promotion page Wells Fargo set up for this special offer:

Direct Link

Wells Fargo $400 bank account sign-up bonus banner

Who qualifies for the bonus?

You are eligible once every 12 months unless:

  • You are a current owner of a Wells Fargo consumer checking account
  • You are a current employee of Wells Fargo


What are the details?

The $400 bonus requirements are as follows:

  • Open an Account: Open an Everyday Checking account online
  • Deposit $25: Fund your account with a minimum initial deposit of at least $25
  • Receive Direct Deposits: Within 150 days of opening your account, receive three consecutive monthly direct deposits of $3,000 each month

Availability: Nationwide
Expiration: 12/31/2019 Extended until 07/31/2020
Household Limit: None (everyone in your family can get the bonus!)
Direct Deposit Required: Yes (see what counts as a direct deposit)
Early Account Termination Fee: None

You can either apply directly online, or enter your email address and Wells Fargo will send you a coupon which you bring with you to redeem at a Wells Fargo branch.

When will I receive the bonus?

Wells Fargo usually pays the bonus as soon as you complete the requirements. For this promotion, my bonus came right after I met the terms and conditions on the third month:

Avoiding Fees

The checking account has a monthly fee of $10, which can be waived if you do ONE of the following:

  • Have direct deposits totaling $500 each month
  • Keep a minimum daily balance of $1,500 or more
  • Make 10 debit card purchases and/or payments during each monthly statement cycle
  • Link your checking account to a Wells Fargo Campus ATM or Campus Debit Card

If you have a mortgage with Wells Fargo, you can also call them and possibly have them give you a higher level account with no fees.

The Bottom Line

This is the best promotion Wells Fargo has offered to the public. The monthly direct deposits of $3,000 is higher than their normal promotion, but the additional bonus is worth it if you can swing it.

For direct deposits, be sure to check out other ways that count as a direct deposit. If you’re going to do it the traditional way (paycheck deposits), remember you don’t have to deposit the $3,000 monthly requirement all at once.

One strategy if you get paid b-weekly is to transfer $1,500 per pay period. You don’t have to keep the money in your Wells Fargo account either! Once it comes into your Well Fargo checking account, you can just withdraw it back out to you regular bank account wherever it may be. It will still count for that month!

I’ve done this for 3 years now, and between 4 family members, this is an easy $1,600 in free money every year!


  1. Thank you! I love these bank bonuses! We used to open bank accounts for convenience or smaller gifts. I think Santander gave us a BBQ set one summer.

  2. How do you do it yearly if you have to have your account opened for 6 months? Do you close it right at the 6 month mark? Also, what’s the age minimum to open an account as you said all your family members do this? My kids don’t make money yet 😂

    • Where do you see that you have to keep the account open for 6 months? TMN says you’ll get the bonus in 3 months and there’s no early account closing fee. Close the account the month after you get the bonus and wait 12 months to sign up again.


Please enter your comment!
Please enter your name here