Outside of credit card sign up bonuses, the next best thing is banking bonuses! This can include things like getting a bonus for opening a checking account, a savings account, or even a business account with a certain bank. Usually you’ll have to make a certain amount of purchases with a debit card and hold a certain amount of money inside of the account within a select timeframe. But what happens if you had every intention of doing so by opening up the account, and then you lost your job? Luckily, if you happened to open up a Wells Fargo checking account, they are here to help you get your bonus.
Due to coronavirus, Wells Fargo is sending out letters to people to extend the qualification period on their checking accounts. In order to qualify, you would have had to open an account sometime between December 27th 2019 and July 31st 2020.
If you do qualify, you’ll have until December 31, 2020 to complete the requirements.
The biggest benefit from this that I could see is the direct deposit requirements. Some of the checking account bonuses included direct depositing a total of $4,000 within 3 months. If you’re out of a job, you’ll definitely have more time to find another job and get that total up!
Does this extended qualification time help you get your checking account bonus? Let us know down in the comment section below!