$525
Open a new Way2Save® Savings account**, or other eligible consumer savings account, meet and maintain the $25,000 balance requirement, and complete the steps outlined below to receive your $525 bonus. This offer is for new consumer savings customers only.
How to avoid the $5 monthly service fee for Way2Save SavingsOpens Dialog
Open a new Way2Save® Savings account**, or other eligible consumer savings account, meet and maintain the $25,000 balance requirement, and complete the steps outlined below to receive your $525 bonus. This offer is for new consumer savings customers only.
How to avoid the $5 monthly service fee for Way2Save SavingsOpens Dialog
Ready to grow your savings?
Enter your email for a bonus code and bring it to a branch to get started.
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Offer ends April 8, 2025
Get your $525 bonus in just two steps:
Open
Open a new Way2Save Savings account at a Wells Fargo branch with a minimum opening deposit of $25 by April 8, 2025.Deposit
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.
Enjoy $525
We will deposit your bonus into your new savings account within 30 days after you have met all offer requirements.
Explore the benefits of Way2Save® Savings
Speak and send with Fargo
Moving your money can be simple with Fargo®3, your virtual assistant in the Wells Fargo Mobile® app.
Optional Overdraft Protection
Enroll in optional Overdraft Protection4to use your Way2Save Savings account to help protect your linked Wells Fargo checking account from overdrafts.
*How to qualify for this offer
To be eligible:
Offer is for new consumer savings customers only and is available only to the primary owner of the new savings account. The primary account owner is the owner whose Taxpayer Identification Number, such as a Social Security Number, is assigned to the account and has tax responsibility. Offer is not available to customers that received any other consumer savings offer bonus or promotional rate that required a bonus offer code within the past 12 months, are Wells Fargo employees, or are non-resident aliens or foreign entities signing any version of IRS Form W-8. Time Accounts (CDs) and savings accounts offered to qualifying clients of the Wells Fargo Private Bank experience are not eligible for this offer.
To receive the $525 bonus:
You must use your bonus offer code when opening a new Wells Fargo consumer savings account in a Wells Fargo branch, which is subject to approval by April 8, 2025 and deposit $25,000 or more in new money to your new savings account within 30 calendar days. The account must maintain at least a $25,000 balance for 90 calendar days after account opening. New money is money that is new to the customer or new to Wells Fargo (deposited into the customer's new savings account from outside of Wells Fargo and Company and all affiliates, or from a Wells Fargo account not owned by the customer). New money deposited up to 7 calendar days before the bonus offer code is applied to the account will count towards the offer requirements.
When you have met all requirements, we will deposit the bonus into your new account within 30 calendar days. Your new account must stay open through the time we attempt to deposit the bonus. We may close accounts with a zero balance without prior notice. You are responsible for any taxes due on the bonus. We will report the bonus as income to tax authorities, as required by applicable law. If you are subject to backup withholding at the time of payment, we may withhold the required amount and remit to tax authorities.
Other Terms:
The consumer savings accounts eligible for this offer are variable-rate accounts. For example, Wells Fargo Way2Save® Savings has an Annual Percentage Yield (APY) of 0.01% on all balances. The APY is accurate as of January 27, 2025 and may change. Fees may reduce earnings. Offer may be discontinued or changed without notice and cannot be combined with any other consumer savings offer (limit one bonus per customer/account). Offer cannot be reproduced, purchased, sold, transferred, or traded.
Talk with a banker or see the “Consumer Account Fee and Information Schedule” and “Deposit Account Agreement”(opens new window) available at wellsfargo.com/depositdisclosures for complete savings account details, including the applicable monthly service fee and options to avoid it. The actions required for this bonus are separate from the actions available to avoid the monthly service fee.
Private Bank savings accounts and CDs are offered by Wells Fargo Bank, N.A., Member FDIC to those clients qualifying for the Private Bank Experience.
**The Wells Fargo Way2Save® Savings account monthly service fee is $5. Minimum opening deposit is $25. 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.
1. Terms and conditions apply. Mobile carrier’s message and data rates may apply. See Wells Fargo’s Online Access Agreement(opens new window) for more information.
2. When you have the Save As You Go transfer option, 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’ll automatically transfer $1 from your linked Wells Fargo checking account to your Way2Save Savings account. We may determine through our sole discretion if a particular transaction is a qualifying transaction. At the end of each business day, we count your qualifying transactions and multiply them by $1. Then we process that amount as a single transfer on the next business day. If your checking account does not have available funds, is overdrawn, or Overdraft Protection was initiated, the transfer won’t occur.
3. Availability may be affected by your mobile carrier’s coverage area. Your mobile carrier’s message and data rates may apply. Fargo is only available on the smartphone versions of the Wells Fargo Mobile® app.
4. Overdraft Protection is not available for Clear Access Banking accounts.