Best Wells Fargo Promotions and Offers: December 2019

It's time to cash in on those Wells Fargo promotions.

If you aren’t a current Wells Fargo customer, consider grabbing some bonus cash this December with the bank’s promotions and offers. Now’s a great time to explore Wells Fargo’s promotions and offers. A GOBankingRates survey found that over half of surveyed Americans didn’t know if their banks or credit unions offer sign-up bonuses, which means that many Americans are missing out on free money. Obtaining these bonuses are simple, too: All you have to do is open a qualifying account with Wells Fargo and meet the specific account requirements.

Check out other Wells Fargo account specifics to better understand the banking product as well as the offer:

Wells Fargo Promotions at a Glance

Wells Fargo is an extremely successful financial institution, however, that does not mean it aligns with your banking habits and financial goals. Peruse the table of Wells Fargo options below and find what’s best for you:

Best Wells Fargo Promotions: December 2019
AccountCash Value of BonusExpiration Date
Everyday Checking Account$400Dec. 31
Way2Save and Platinum Savings Account$250Dec. 31
Combine Everyday Checking with a Savings Account$650Dec. 31

Find Out: How Much Is Wells Fargo Worth?

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Current Wells Fargo Promotions

Wells Fargo’s Savings Account and Everyday Checking Account might have great bonus offers, but there are more details worth considering before opening a new account. 

Everyday Checking Account: $400 Bonus

The Everyday Checking Account offer gives customers access to the Wells Fargo Mobile app, digital alerts and debit cards. College students can link their Wells Fargo Campus ATM Cards or Campus Affinity Debit Cards to this account as well.

  • Minimum deposit to qualify: $25
  • Expiration date: Dec. 31, 2019
  • How to get it: This bonus is only offered if you open your Everyday Checking Account online.
  • When you’ll get it: 45 days after meeting all the qualifying requirements
  • Terms and conditions: Open your Everyday Checking account with a minimum balance of $25 and then deposit a cumulative monthly total of $3,000 in qualifying direct deposits within the first 150 days (either have a government payment such as your Social Security payment or other regular monthly income electronically deposited into your account by your employer).
  • Monthly fee: $10 per statement cycle, but this can be avoided if you maintain a $1,500 minimum daily balance, $500 minimum direct deposits or 10 debit card payments.
  • Promotion page: Wells Fargo Everyday Checking Account $400 bonus offer

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Savings Account: $200 Bonus

Both Wells Fargo Savings Accounts  (Way2Save and Platinum Savings) offer great ways to save money and build up your balances with features like overdraft protection and the option to make automatic monthly transfers into your savings account.

  • Minimum deposit to qualify: $25
  • Expiration date: Dec. 31, 2019
  • How to get it: This bonus is only offered if you open this account at a physical Wells Fargo branch because of the “new money” requirement. You can complete the form online and bring it to your branch to receive your $200 bonus.
  • When you’ll get it: 45 days after meeting all the qualifying requirements.
  • Terms and conditions: You must deposit $15,000 of new money. New money is money from an account outside Wells Fargo and its affiliates such as an international bank transfer, which requires a SWIFT code (not to be confused with a routing number). Once deposited, you must maintain that $15,000 minimum daily balance for the first 90 days.
  • Monthly fees: For the Way2Save Savings account, the fee is $5 per statement cycle unless you keep a daily minimum balance of $300, have an account owner under the age of 18 or set up an automatic savings payment. For the Platinum Savings account, the fee is $12 unless you maintain a daily minimum balance of $3,500.
  • Promotion page: Savings Account $200 bonus offer

Full Range of Products and Low Fees: Wells Fargo Personal Banking Review

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How To Open a Wells Fargo Account

There are three simple ways to open a Wells Fargo account:

  • Apply online for a credit card, checking account, savings account, loan or line of credit.
  • Call Wells Fargo’s customer service line at 800-869-3557.
  • Visit any Wells Fargo branch. You can use the Wells Fargo online branch locator to find the branch nearest you.

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Are Wells Fargo Promotions Right for You?

Wells Fargo is the perfect financial institution for a traditional brick-and-mortar bank customer. If you still like visiting physical branch locations and also like the other Wells Fargo features, perhaps it’s time to open a new account and take advantage of these December 2019 promotions and offers. It’s a great way to make your money work for you. If you have the funds to meet the minimum daily account balances, all you have to do is set up a direct deposit or complete a few transactions, depending on the specific account.

It should be noted that every account with a bonus offer comes with a monthly service fee, and over time, accumulating fees can counteract the benefit of earning a bonus. However, if you meet certain qualifications, Wells Fargo’s monthly service fees can be avoidedConsider the rewards worth the effort and become a new customer with this extremely successful financial institution.

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Offers and requirements are subject to change. This content is not provided by Wells Fargo. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Wells Fargo.

About the Author

Jared Nigro is from Pittsburgh, which is obvious by the way he gravitates toward cheese at parties. He is a comedy writer from The Groundlings Sunday Company, Upright Citizens Brigade and has his own digital show on Comedy Central called “Broken People.” When he isn’t being funny, he’s reading books on debt and finance and listening to his favorite finance podcast, ChooseFI.