Wells Fargo Savings $525 Bonus (Nationwide) – Ends 1/7/25

You can earn a $525 savings bonus when you open a new Wells Fargo savings account and meeting the requirements.

Direct link to offer

Wells Fargo is offering a $525 bonus when you open a new savings account and complete the following requirements:

• Open a new Way2Save Savings account at a Wells Fargo branch with a minimum opening deposit of $25 by January 7, 2025.
• Bring $25,000 or more in new money to your new savings account within 30 days and maintain at least a $25,000 balance for 90 days after account opening.
• We will deposit your bonus into your new savings account within 30 days after you have met all offer requirements.

Update 11/14/24: The $325 bonus has been extended to 1/7/25.

Wells Fargo $525 Savings Bonus 

• Direct Link to Offer
• What you’ll get: $525 bonus
• Account Type: Way2Save® Savings
  
• Availability: Nationwide
• Direct Deposit Requirement: No
• Credit Inquiry: Soft Pull
• ChexSystem: Yes
• Credit Card Funding: None
• Monthly Fees: $5, avoidable
• Early Account Termination Fee: None
• Household Limit: None

(Expires 01/07/2025)

How To Waive Monthly Fees

• Way2Save Savings: monthly service fee is $5. The monthly service fee can be avoided with one of the following each fee period:
  • $300 minimum daily balance
  • 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account
  • 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account
  • 1 or more Save As You Go® transfers from a linked Wells Fargo checking account. A qualifying Save As You Go transfer is an automatic transfer of $1 from your linked Wells Fargo checking account to your Way2Save Savings account each time you (or any authorized signer or joint owner) use your debit card for a one-time purchase or complete a Bill Pay transaction through online banking, and the one-time debit card purchase or Bill Pay transaction posts to the account. We reserve the right to determine through our sole discretion if a particular transaction is a qualifying transaction.
  • Primary account owner is 24 years old or under. (When the primary account owner reaches the age of 25, age can no longer be used to avoid the monthly service fee.) Customers 12 and under must have an adult co-owner.

Fine Print

• Eligibility Requirements:
  • This offer is for new savings customers only. All Wells Fargo consumer savings accounts are eligible for this offer with the exception of Time Accounts (CDs) and savings accounts offered by Wells Fargo Private Bank.
  • You must use your bonus offer code at account opening when you apply for a new eligible Wells Fargo savings account.
  • You are not eligible for this offer if:
  • You are a current owner of a Wells Fargo consumer savings account
  • You have received any other consumer savings offer bonus or promotional rate that required a bonus offer code within the past 12 months.
  • You are a Wells Fargo employee
• Bonus Payment:
  • We will deposit your bonus into your new savings account within 30 days after you have met all offer requirements.
  • The new savings 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:
  • The consumer savings accounts eligible for this offer are interest-bearing accounts with variable interest rates (which vary by account). For example, Wells Fargo Way2Save® Savings pays an Annual Percentage Yield (APY) of 0.15% on all balances and requires a minimum opening deposit of $25. The APY is accurate as of February 13, 2024, and may change at any time without notice. Interest is compounded daily and paid monthly. The amount of interest earned is based on the daily collected balances in the account. Fees may reduce earnings.
  • Offer expires June 25, 2024. However, this offer may be discontinued or changed at any time prior to the expiration date without notice.
  • This 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 savings offer that requires a bonus offer code (limit one bonus per customer/account).
    • 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 savings account you opened.

Bottom Line

This is a pretty decent bonus amount from Wells Fargo. If you reside near one of the participating branches, then you should definitely take advantage of this promotion and check it out. This offer is also available online.

Also please let us know about your experience with this bonus in the comment section below. We would love to hear back from you. If you don’t qualify, we have a full list of bank promotions for your banking needs.