Questions about "NEW MONEY" for a savings account bonus

  • If I transfer (for example) $25K out of my W.F. checking account to another bank’s checking account and a couple weeks later open a new WF savings account with that $25K to get a $500 bonus will they consider it “new money” or will they know what’sup???

    W.F. Description of “New Money”:
    New money is money that is new to the customer or new to Wells Fargo (deposited into the customer’s new savings account directly from outside of Wells Fargo and Company and all affiliates, or from a Wells Fargo account not owned by the customer).

  • “New Money” is transferred from an external source.
    The provenance is irrelevant.


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