A qualifying electronic deposit is a deposit of funds, such as your salary, government benefit payment, or other income, that has posted to your account and is (1) a direct deposit made through the Automated Clearing House (ACH) network, (2) an instant payment processed through the RTP® network (real-time payment system) or FedNow℠ Service, or (3) an electronic credit from a third party service that facilitates payments to your debit card using the Visa® or Mastercard® network (e.g., an Original Credit Transaction).$500 or more in total qualifying electronic deposits.The monthly service fee can be avoided with one of the following each fee period: **The Wells Fargo Everyday Checking account monthly service fee is $10. is a bank affiliate of Wells Fargo & Company. Wells Fargo Private Bank offers products and services through Wells Fargo Bank, N.A., Member FDIC and its various affiliates and subsidiaries. Talk with a banker or see the “Consumer Account Fee and Information Schedule” and “Deposit Account Agreement” (opens new window) available at /depositdisclosures for complete checking account details, including the applicable monthly service fee and options to avoid it. 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 checking account you opened.Reproduced, purchased, sold, transferred, or traded.Paid to non-resident aliens and foreign entities signing any version of IRS Form W-8.Ĭombined with any other consumer deposit offer (limit one bonus per customer/account). However, offer may be discontinued or changed at any time prior to the expiration date without notice. If you are subject to backup withholding at the time of payment, we will withhold the required amount and remit to the tax authorities in accordance with applicable law. We will report the bonus as income to the tax authorities, as required by applicable law. You are responsible for any federal, state, or local taxes due on the bonus. 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. The new checking account must remain open throughout the 90-day qualification period and at the time we attempt to deposit any earned bonus payment. Once the 90-day qualification period has elapsed, we will determine if you have met the offer requirements, and will deposit any earned bonus into your new checking account within 30 days.
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