The Money Mustache Community

General Discussion => Forum Information & FAQs => Topic started by: billybob on May 19, 2017, 11:32:33 AM

Title: Wells Fargo promotion
Post by: billybob on May 19, 2017, 11:32:33 AM

I was wondering if yall had any thoughts about the wells fargo promotion going on right now for the $150 sign-up bonus. Is this a good account or just like all the others?

Title: Re: Wells Fargo promotion
Post by: MDM on May 19, 2017, 11:47:46 AM

Wells Fargo Opened a Couple Million Fake Accounts - Bloomberg (https://www.bloomberg.com/view/articles/2016-09-09/wells-fargo-opened-a-couple-million-fake-accounts)

Here’s Another Way Wells Fargo Took Advantage Of Customers - ProPublica (https://www.propublica.org/article/heres-another-way-wells-fargo-took-advantage-of-customers)

Pick any of Fidelity, Schwab, or Vanguard instead.

Title: Re: Wells Fargo promotion
Post by: Optimiser on May 19, 2017, 11:50:53 AM

If you just want to get the sign up bonus and move on like people are discussing in this thread: Bank account churning: how to make $1600 in a year by being organized (https://forum.mrmoneymustache.com/share-your-badassity/bank-account-churning-how-to-make-$1600-in-a-year-by-being-organized/) it's probably fine. Personally I wouldn't do my regular day-to-day banking with a big bank like Wells Fargo, but that's just me.