Wells Fargo Everyday Checking
Our take
- Worth doing: the $1,000 in direct deposits needed for the bonus also clears the $500 electronic-deposit threshold that waives the $15 monthly fee, so the bonus requirement and the fee waiver take care of themselves together.
- It's a soft pull with no early termination fee, but ChexSystems behavior on this one is inconsistent — some applicants get pulled and some don't, so don't count on this being Chex-safe if you're protecting a thin file.
- No credit card funding here — plan on an ACH push from an outside bank, credit union, or brokerage instead of trying to fund with a card.
- Your 12-month re-eligibility clock starts when the bonus posts, not when you close the account. Watch the asymmetry too: a recent Premier Checking bonus blocks you from this one, but doing this one won't block a future Premier Checking bonus.
Requirements
Receive a cumulative total of $1,000 or more in qualifying direct deposits within 90 calendar days of opening the account. The total can be met across one or more deposits. Qualifying deposits are electronic ACH deposits of income (salary, pension, Social Security, or similar); account-to-account transfers, mobile deposits, Zelle, and branch or ATM deposits do not count. In practice, user reports indicate that standard ACH pushes from a wide range of outside banks and brokerages post as qualifying direct deposits, so a manual push of $1,000+ typically satisfies this rather than requiring true employer payroll.
Direct deposit methods
Confirmed10
American Express Checking
A push from American Express Checking posts as a qualifying direct deposit.
Current
A push from Current posts as a qualifying direct deposit; users report it categorized as 'Direct Deposits.'
BMO Checking
A push from BMO checking posts as a qualifying direct deposit.
Fidelity CMA
A standard ACH push from a Fidelity CMA posts as a qualifying direct deposit. Can be split across two pushes to reach the $1,000 total.
Chase Checking
A standard ACH/instant push from a Chase personal checking account posts as a qualifying direct deposit.
Chase Business Checking
Works from Chase Business Checking. The paid ACH payroll option (~$2.50) codes as a true direct deposit; users also report the account's free standard ACH transfers triggering the bonus.
SoFi Checking
A standard ACH push from SoFi checking posts as a qualifying direct deposit.
Capital One 360 Checking
A standard ACH push from Capital One 360 Checking posts as a qualifying direct deposit.
Capital One Savings
A standard ACH push from Capital One savings posts as a qualifying direct deposit.
Robinhood
A push from Robinhood posts as a qualifying direct deposit.
Terms & account details
Fee waiver — any one of:
- Keep a $1,500 minimum daily balance during the fee period.
- Hold $5,000 or more in combined qualifying deposit balances, investment balances, or both across eligible Wells Fargo accounts, totaled on the last business day of the fee period.
- Receive $500 or more in total qualifying electronic deposits during the fee period.
- Primary account owner is 17 to 24 years old. This no longer applies once the primary owner turns 25.
- Maintain a qualifying monthly non-civilian military direct deposit through the Wells Fargo Worldwide Military Banking program.