Wells fargo 300 bucks bonus for opening new checking...does ebay or schwab work?

does anyone know if an ACH deposit from ebay sales or charles schwab counts for the wells fargo 300 dollar bonus? here’s what wells fargo says about qualifying deposits:

  • qualifying electronic deposit includes things like salary, government benefits, or other income that posts directly to your account. it must be done through the ACH network, RTP network, or fednow service, or be an electronic credit from a third-party service that pays into your debit card using the visa or mastercard network. things like transfers between accounts, mobile deposits, zelle, or deposits made at a branch or atm don’t count as qualifying deposits.

  • an early ACH deposit (like early payday) doesn’t count for the bonus until it’s posted and no longer pending.

might be worth asking your bank to check with their deposit operations team to see what code is tagged to it. then ask wells if that code will count for the bonus. my guess is that it will, though i’m not directly in deposit ops.

@SUZZY
probably not the best idea to ask wells about ways to fake a direct deposit.

fidelity worked for me for a wells bonus of $325 (sometimes it’s even more than $300).

schwab also seems to work.

@CrypticQuokka1
once the deposit is made, how do you know if it’s valid? i don’t want to wait 90 days just to find out it doesn’t count.

Brad said:
@CrypticQuokka1
once the deposit is made, how do you know if it’s valid? i don’t want to wait 90 days just to find out it doesn’t count.

you can look up data points from people who’ve shared how long wells takes to report the bonus.

usually, they’ll also mention what wells counts as a valid deposit. (p.s. don’t ask the bank directly—sometimes that makes it harder for others).

note: the deposits don’t need to stay in the account unless the terms say so. you can use the money, pay bills, or transfer it out.

not sure, but eBay might not work. they’re mostly looking for direct deposits like a paycheck or pension. just moving money between accounts won’t count.

Clancy said:
not sure, but eBay might not work. they’re mostly looking for direct deposits like a paycheck or pension. just moving money between accounts won’t count.

i think the ebay income should work since they said ‘other income’. with bank of america, it shows as ‘direct deposit’ when i add funds from ebay.

Clancy said:
not sure, but eBay might not work. they’re mostly looking for direct deposits like a paycheck or pension. just moving money between accounts won’t count.

what’s ‘idk’ mean?

@Brad
it means ‘i don’t know’

SUZZY said:
@Brad
it means ‘i don’t know’

:smile::smile: