I did this offer starting in late June. It was easy-peasy, easy $2,500.
I transferred an IRA which stayed an IRA and transferred back out later.
$25 was required to open the checking account and that's where it stayed for a couple months.
I don't disagree about the bad opinion of WF. That was in part why I don't feel bad about doing this bonus with leaving ASAP. A relative still has large savings accounts with WF that are paying 0.25% interest. That's just crazy now.
I'm glad to hear you had a good experience. I did a CC sign up bonus with them and am counting down the days when I can close this account. I won't ever do business with them again.
If anyone is interested in the details here is what bothered me about them:
1. I still don't know if I got the spend bonus. I'm assuming I did but it is nowhere on the transactions and when I called them they couldn't tell me where it was on the list of transactions. I got the runaround from the person over the phone. Then someone called me back about a month later. I missed the call and decided it wasn't worth the hassle. It's a simple question that should have a simple answer.
2. It is a cash back CC. I used the cash back towards my balance. Then I paid the bill a few days later. They bounced back my payment and said my payment was going to be late. Why? Because I over paid (the amount I paid was the correct balance but in the meantime the cash back went into my balance and apparently their system cannot deal with this.). I did not incur a late fee because I was quick on the trigger.
3. Next time I paid the balance I knew to use the cash back a week or so in advance so I did that. Still it messed with my payment and I had to go in and adjust my payment by mere pennies so they would accept it. At that point I figured this was not a bug but a tactic to make more money on late fees.
I have not used the card since and as I already mentioned, I cannot wait to close this account in a couple of months.