Gen Z Guide to FI

Wassup Fire Babies! I wanted to share this bonus once the $300 was deposited in my account. This checking bonus ends January 9th, 2024, so take advantage if you don’t have a Wells Fargo account. I put that money away to travel next year since I want to travel heavily before starting school.

You can access the promotion directly on the Wells Fargo website here.

Here’s what I did to get it without paying monthly maintenance fees:

I put my new checking account as my direct deposit account for my day job. For the promotion, you have to contribute $1000 (within 90 days) in qualifying direct deposits to get the $300 bonus.

Based on my research, I realized that qualified direct deposits did not mean transferring from one of your existing accounts to another. But of course, please let me know if I’m wrong. I just didn’t want to take any chances.

After the initial direct deposit of $25 and one of my paychecks, I moved almost all my money out and back into my regular Fierce app checking account. I left exactly $500 in the Wells Fargo account so I don’t get charged a $10 service fee. I also changed my work direct deposit account to the regular checking account I used before.

Now, 90 days later, I have the $300 bonus sitting in my Wells Fargo, which I will move to my high-yield savings account (HYSA). For more information on HYSAs – read my post on The Power of HYSAs.

I don’t know if I value having another checking account, considering I earn money by having the money sit in my Fierce checking account. If you’re interested in Fierce, they offer a 5.25% APY interest rate for their checking account, which is wild.

I wrote a whole post on why I love them called Why You Should Make a Fierce Account. I am an affiliate and use them to store my side hustle money. If it appeals to you, you can use my affiliate link to sign up. Thanks for supporting the blog.

Let me know if you get the $300 bonus! Message me on Instagram @genzfirebaby if you have questions about any details.

xoxo Gen Z Fire Baby