Wells Fargo is a financial services company that offers banking services in the US. Its headquarters are in San Francisco, California. However, its managerial offices are located throughout the United States, meaning that it is a countrywide financial company and serves millions of Americans. For your information, Wells Fargo is among the big four banks of the US. Others include Bank of America, JPMorgan Chase, and Citigroup. Later, you will know whether you can get a Wells Fargo checking account bonus.
A bonus refers to the free money you get when you open an account. Financial companies offer rewards to attract more customers. Others also reward you if you refer others into their business. However, there are always some terms and conditions to meet to get the bonus. You might be required to maintain a particular bonus for a particular time or deposit a particular amount when you open the account, among other requirements.
Wells Fargo offers a checking and savings account. You can also get payment cards such as debit and credit cards which are essential to help you make transactions online and at physical stores. The checking account also allows you to make transactions online when you log in and maybe carry a wire or ACH transfer. There are various ways you can use a checking account.
Process To Open A Wells Fargo Checking Account
You can open your checking account online using your computer or smartphone. A tablet can also do as long as you have a secure and consistent internet connection. When opening your account, it is advisable not to use public Wi-Fi to avoid losing your data to hackers. You might open an account and start losing money if your login details land in the wrong hands.
Before opening your account, you require various things such as;
- An identification document such as the driver’s license, national/state ID, or passport
- Social Security Number
- Phone number
- Email address
- Physical address
You will also need to provide your full names as they appear in your identification document, your state, ZIP code, and any other information that may be necessary for the online application. After you have submitted your details, you can then wait for the approval and start enjoying the services offered by the company. Similarly, when opening a Wells Fargo second chance checking account, you need to provide the information above to get an account that rectifies your bad past banking practices.
Remember also the bank has a banking app that you can use for your online banking services on your smartphone. You only need to make a few hits on your device, and you are good to go. Payment of bills and sending money to others has never been that easy with Wells Fargo. Alternatively, you can open your account at a branch when you visit with all the documents.
You will need photocopies of the identification document. To prove that the physical address you give is the current one, you must provide the latest utility bills for water, electricity, or internet.
Benefits Of A Wells Fargo Checking Account
We have a few reasons to consider opening a Wells Fargo account. They include the following:
i) Banking app
You do not need to queue at a physical branch anymore since you can transact and check your balance online using your smartphone. Very few people are left going to banks, and more so those older people who still value traditional banking practices.
ii) Mobile check deposit
The bank allows you to deposit checks online using your mobile banking app. You only need to sign the back of the check, then take pictures and upload them to the site for verification.
iii) Digital wallet
If you have payment cards such as debit and credit cards, you can add them to your mobile app to use them for your transactions. You, therefore, do not need to have money in your checking account as the cards can cater to any deficit.
iv) Card control
If you notice that someone in your house is misusing your card, you can quickly turn it off anytime you like to ensure that they do not misuse your money. Again, if you misplace your card, the best thing you can do is lock it so that no one can use it fraudulently, then begin the application process for a new card. All these are possible with the Wells Fargo banking app.
Wells Fargo supports Zelle, a digital money transfer service that allows you to send money across banks. With Zelle, you do not need the account and routing numbers to send funds. The phone number or email number of the recipient is enough.
Also, transferring money with Zelle is free of charge. Zelle allows instant money transfers to cater to emergency cases. You can as well send money with a checking account number instantly to another Wells Fargo branch.
vi) Biometric authentication
Biometric authentication is crucial to help you secure your account from unauthorized access. It requires the use of your fingers or face. And since no one has biometric information similar to yours, no one can access using their biometric details. Additionally, you can strengthen your access with a PIN or password.
Does Wells Fargo Offer Bonus For Opening A Checking Account
I am sure you are curious to find out whether Wells Fargo is among the banks that give money for opening accounts. Well, you can get a bonus when you open a new Everyday Checking account with Wells Fargo. You can earn $300 in bonuses when you open a new checking account. For you to earn the bonus, they have to pull a soft credit check from the relevant bureaus.
To get the bonus, you must also put a minimum opening deposit of $25 in your new checking account at a Wells Fargo branch by March 31, 2022. Also, you must complete a qualifying direct deposit before the expiration date. The offer is open nationwide, and every American has can benefit. Wells Fargo will deposit your bonus into your account within 30 days after meeting the requirements.
Wells Fargo is a financial company that operates in the United States of America. The bank offers three types of checking accounts and you can earn a bonus for opening a checking account. The institution has online banking services via the web or its mobile money wallet that allows you to manage your money conveniently.
One can deposit a check with the mobile app and add payment cards to cater for transactions. However, the account requires a minimum deposit and monthly fees.