$50 for opening a wells fargo checking with $100 initial deposit. WARNING - The offer claims there are no fees/minimums but it appears it depends on what state you are in. There can be a DD requirement or $1k min balanace requirement to avoid the $5 monthly fee so YMMV with this deal.
Also could possibly be a HARD PULL to open but someone said the wells fargo CSRs claimed it was a soft pull.
Offer subject to qualification. Limit one $50 bonus per household. To qualify for your $50 bonus, you must open and fund a new personal Wells Fargo checking account with a minimum initial deposit of $100 (not including the $50 bonus) by November 30, 2007. The $50 bonus is available with all Wells Fargo checking accounts, including non interest-earning checking accounts, except for Wells Fargo College Checking®, Wells Fargo Teen CheckingSM and Wells Fargo Opportunity Checking® accounts. The $50 bonus will be deposited to your new Wells Fargo checking account within 30 to 45 days of opening. The bonus is reported as interest on your Wells Fargo checking account for IRS tax reporting purposes. Offer may not be combined with any other offer.
Are there any direct deposit requirements? On the link you sent: Free Checking That's Really Free — Enjoy no monthly service fees, no minimum balance requirements, and a Wells Fargo® Check Card with no annual card fee.
But when i look under my state (maryland), i just see a free checking account that requires dd.
calibordr17
New Member
posted: Nov. 4, 2007 @ 5:22p
propcgamer said: Are there any direct deposit requirements? On the link you sent: Free Checking That's Really Free — Enjoy no monthly service fees, no minimum balance requirements, and a Wells Fargo® Check Card with no annual card fee.
But when i look under my state (maryland), i just see a free checking account that requires dd.
Edit:
Apparently this offer requires $100 monthly DD or $1000 minimum daily balance to avoid $5 monthly fee in some states.
Your state is Good (i.e. no DD) if you see Free checking available with this deal (e.g. Texas)
Your state is BAD (i.e. DD required) if the deal only shows Basic Checking (e.g. California)
Basic: Monthly service fee $5.00 * Fee waived with $100 monthly Direct Deposit, or with * $1,000 minimum daily balance
Unless I am missing something that is hardly "No monthly service fees, no minimum balance requirements". Shame on you Wells Fargo for your deceptive advertising
inthecity
Member
posted: Nov. 4, 2007 @ 5:29p
calibordr17 said: propcgamer said: Are there any direct deposit requirements? On the link you sent: Free Checking That's Really Free — Enjoy no monthly service fees, no minimum balance requirements, and a Wells Fargo® Check Card with no annual card fee.
But when i look under my state (maryland), i just see a free checking account that requires dd.
Hmm I took it that there was no DD requirement since the offer did not mention it. But on closer inspection it appears that there is only no DD requirement for the "College Free Checking", which requires you to be a college student (you just enroll in online statement delivery to waive the monthly service fee).
The basic free checking requires $100 monthly DD or $1000 minimum daily balance. Unless I am missing something that is hardly "No monthly service fees, no minimum balance requirements". Shame on you Wells Fargo.
College: Monthly service fee $3.75 * Waived with Online Statement delivery, or * $2.00 discount off monthly service fee with Direct Deposit
Basic: Monthly service fee $5.00 * Fee waived with $100 monthly Direct Deposit, or with * $1,000 minimum daily balance
Check out the fee schedule on the checking account for your state before applying.
I have a feeling this is a regional offer--the "congratulations" page showed a Concord, CA address for my signature card, while the confirmation e-mail showed a Portland, OR address.
OP: do you know where the link came (or "jumped") from?
AugustFour
Senior Member - 1K
posted: Nov. 4, 2007 @ 9:37p
oopsz said: Texas doesn't require DD for free checking. Where does it say this for Texas? How about CA?
digital330
Ancient Member
posted: Nov. 5, 2007 @ 10:15a
Beware: Wells Fargo does a hard pull for all accounts. Not worth $50 IMO with DD hassles.
digital330
Ancient Member
posted: Nov. 5, 2007 @ 10:15a
Beware: Wells Fargo does a hard pull for all accounts. Not worth $50 IMO with DD hassles.
Celebrating diversity. Building community. These are the things that matter. At Wells Fargo, we are proud to be part of your community and invite you to open a checking account and get a $50 bonus — on us.*
Besides The $50, Here's What You'll Receive When You Open A Wells Fargo® Free Checking Account:
* Free Checking That's Really Free — Enjoy no monthly service fees, no minimum balance requirements, and a Wells Fargo® Check Card with no annual card fee. * Free Access To Wells Fargo Online® — Our top-ranked online service lets you view statements, monitor account balances, transfer funds, automatically track your spending, and more — anytime, anywhere you have internet access.
Sound no minumum balance, any one get monthly charges?
For people that want the Wells Fargo 100 free trades, they would need to open a checking account, this works great in combination of that. I did this about 4-5 months ago
digital330 said: Beware: Wells Fargo does a hard pull for all accounts. Not worth $50 IMO with DD hassles.
Only those who will be applying for mortgages care about that.
asdf9876
Happy Member
posted: Nov. 6, 2007 @ 8:52a
Tacoma99 said: digital330 said: Beware: Wells Fargo does a hard pull for all accounts. Not worth $50 IMO with DD hassles.
Only those who will be applying for mortgages care about that.
Or those who are getting $200+ per pull from other accounts.
Regardless, if someone is going the PMA/100 free trades route anyway, this could be valuable, right?
renejoseph
Senior Member
posted: Nov. 6, 2007 @ 9:55p
I got this offer in the mail, and got a no fee account by opening both a savings and a checking with a automatic transfer from checking into savings. Banker used 25 from the required 100 deposit to open the savings and started the transfer 2 months from now at 25 dollars a month. He was nice enough to waive the cost of checks (had to ask and gently press him for this by claiming the ad says free with no mention of cost of checks). Said the 50 dollars will take a few months to show. Works for me becuase it forces me to save 25 dollars a month instead of spending it. (all ready doing this with TCF, though they gave me 75 or 100 for opening two accounts....). I'll take free money and keep the accounts. Word of warning, a gold debit card came, with a one dollar fee for in network atm printed receipts, and a 2 fee for atm's not part of wells network. if you get a silver or platium debit card, there are all kinds of fees associated with the debit card. i think I'll pass on the debit card and just write checks when and if i need them.
Anyone see any requirement that checking has to be open a certain amount of time or penalty for early closeout?
JohnMcLarty
Member
posted: Nov. 8, 2007 @ 12:46p
The good part is you can fund with a credit card for up to $500 & I just confirmed it shows as a purchase not a cash advance. So you could earn some 0% APR money on the deposit.
Tacoma99 said: Anyone see any requirement that checking has to be open a certain amount of time or penalty for early closeout?
When I called they said there's no time requirement or early closeout fees....so after bonus is paid we're gone.
errickson
Senior Member
posted: Nov. 9, 2007 @ 1:20p
Thx OP! Quick, painless, & free in Texas!
lacaridad
New Member
posted: Nov. 9, 2007 @ 3:24p
I opened one of these accounts earlier this year with a direct mailer for $50, no strings attached. No time limit. I closed it already. I just opened this online version using my CREDIT CARD. I confirmed on my bill and with customer service that it is considered a Standard Purchase Transaction.
You can get REWARD points if you use your Credit Card. So for all you out there that don't pay interest on your credit cards and only use them to accumulate bonus points or rewards then LOAD UP THE CHECKING ACCOUNT W/ $500 FROM YOUR CREDIT CARD. Get your max bonus at $500 deposit (make sure you get the FREE CHECKING ACCOUNT).
Account opened and funded....bonus due about 12-20.
moniker
Member
posted: Dec. 7, 2007 @ 2:43p
Bonus credit applied in 12 days from account opening!
RonPaulin2008
New Member
posted: Dec. 7, 2007 @ 6:15p
How did you guys close out your accounts and get your money?
My acct is showing the $50 bonus plus my initial $100. But it says you can't wire the money to another bank, only in. And it says you can't close your account over the phone if you still have a balance, you have to write them and request a check, but that there is a fee for requesting the check, which i can not find anywhere on the site as to how much the fee is.
RonPaulin2008 said: How did you guys close out your accounts and get your money?
My acct is showing the $50 bonus plus my initial $100. But it says you can't wire the money to another bank, only in. And it says you can't close your account over the phone if you still have a balance, you have to write them and request a check, but that there is a fee for requesting the check, which i can not find anywhere on the site as to how much the fee is.
None of their fine print says anything about early termination fee... it should be no problem closing after opening...use billpay and have the check sent to you.
Tacoma99 said: None of their fine print says anything about early termination fee... it should be no problem closing after opening...use billpay and have the check sent to you. They wanted $10 for early closure, as stated in the fee schedule (WA). I'm just leaving a dollar in there.
james456
Member
posted: Apr. 9, 2008 @ 8:27p
I finally got my $50 today.
04/08/08 NEW ACCOUNT BONUS - WFS $50.00
I used the online contact us option. They guy said to contact the local branch for the promo. I told it was it an e-mail online promo. He then forward the case to the Marketing department and I was credited $50 the next day.
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