I love my bank bonuses. Most of the time, they are an easy way to rack up some serious profit. In the first quarter of this year, bank bonuses helped me earn almost 14K. The $1500 Wells Fargo bank bonus appears to be one of the best offers I have seen. You have to have a business in order to get it. As many business checking accounts do, I am not sure if it requires an EIN to apply. If someone tries to apply as a sole proprietor, please chime in below. Signing up in a branch will limit this for some, but they have branches in a vast majority of states. You will need to pay taxes on this bonus offer since it is interest income.
Wells Fargo Business Checking Bonus Offer Details
The details of what you need to do for your bank bonus are here.
Open a new, eligible business checking account at a Wells Fargo branch with a minimum opening deposit of $25 by 05/13/2022.
You must provide the bonus offer code to the banker at the time of account opening.
Have at least $5,000 ending daily balance in your new business checking account on the 30th calendar day and the 60th calendar day after account opening.
We will deposit the bonus into your new business checking account within 30 days after meeting all offer requirements.
The Initiate Business Checking account has a $10 monthly fee. It can be waived by you.
Having a $500 minimum daily balance, OR
Having a $1000 ledger balance
This shouldn't be a problem since the offers require a $5000 deposit. There is no early account closing fee.
Link to offer.
Photo Courtesy Of Wells Fargo: States With Branch Locations
Wells Fargo Checking Account Bonus Terms
Eligibility Requirements:
To be eligible for the bonus offer, you must open a new Initiate Business Checking, Navigate Business Checking, or Analyzed Business Checking account.
This offer is intended for new business checking customers only. You must use your bonus offer code at account opening when you apply for a new eligible Wells Fargo business checking account. For this offer, a new business checking customer is identified by the U.S. Taxpayer Identification Number for the business used to open the new business checking account.
You are not eligible for this offer if:
You are a current owner of a Wells Fargo business checking account.
You received a bonus for opening a Wells Fargo business checking account within the past 12 months.
You are a Wells Fargo employee.
Bonus offer code can only be used once.
Bonus Requirements:
Open a new Wells Fargo Initiate Business Checking, Navigate Business Checking, Optimize Business Checking or Analyzed Business Checking account with a minimum opening deposit of $25 by May 13, 2022. All account applications are subject to approval.
Have at least $5,000 ending daily balance in your new business checking account on the 30th calendar day and the 60th calendar day after account opening.
Accounts may be reflected as a daily ledger balance or closing ledger balance.
Bonus Payment:
We will deposit the bonus into your new business checking account within 30 days after meeting all offer requirements.
The new business checking account must remain open until 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 your bonus. As required by law, the bonus amount may be reported on IRS form 1099. Consult your tax advisor.
Additional Terms and Conditions:
Interest on the Navigate Business 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 Yield (APY) is accurate as of December 1, 2021. The account pays an APY of 0.01% if the balance is $0 or more. Rates are variable and subject to change without notice. Fees could reduce earnings on this account.
Offer valid from March 14, 2022 through May 13, 2022. However, 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 business deposit 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 or maintenance fee for the checking account you opened.
Link to offer.
Final Thoughts
If you are interested in this business checking bonus offer, you should be near a Wells Fargo branch. I might go to Chicago to get this done. Michigan is one of 10 states without a branch.
I would fill out the info and send the email if they pull the offer early.
Are you interested in the huge business checking account bonus from Wells Fargo? Let me know in the comments.
Doctor of Credit.
Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.
Chase Freedom unlimited has an extra cash back bonus.
Right now, Chase Freedom Unlimited has an increased offer. You can earn an additional 1.5% back in all categories if you spend up to $20K in the first year. There is no yearly fee.
There are additional card benefits.
With the extra 1.5% cash back through the welcome offer you can earn (on up to $20K spend):
6.55% cash back on travel purchased through Chase Ultimate Rewards
4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service
3% cash back on all other purchases
0% Intro APR for 15 months from account opening on purchases
You can learn more about this card.
The author's opinions, reviews, analyses, and recommendations have not been reviewed, endorsed or approved by any of these entities.
