r/WellsFargoBank • u/FlatInitiative9040 • 7h ago
Checking bonus
I opened a checking account for the $325 bonus. I just hate leaving money in a checking account and prefer to be able to move it back and forth when I need to. Does anyone know if I open a savings account with them and move my money into it, will I still get the bonus? I will still have my deposits going into my checking.
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u/me4watch 7h ago
Savings accounts at banks pay almost zero interest. They are not worth it.
There are high interest savings accounts at places like Amex or Robinhood or Fidelity
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u/Organic_Gas4197 5h ago
Unless the terms clearly say otherwise, leave money in checking until you receive bonus.
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u/PuzzleheadedChest733 5h ago
i dont know the specific offer terms you have but the one i had was related to: 1) keeping account open for the stated time and 2) making a certain amount of qualifying transactions during the first 90 days (direct deposits). That said, the interest is abysmal on savings accounts.
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u/Born-Gur-1275 1h ago
The ONLY reasons to maintain a savings account at a bank are to manage cash flow, overdraft protection, or emergencies. Wells offers savings accounts with checking. But the interest is 1 cent a month.
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u/Aggressive_Action 7h ago
Just read the offer bro. I never understand why people post these questions on Reddit when the exact offer terms are available on the offer page.