Neil, this seems like a reflection of the challenges Wells Fargo is facing unless there are some hidden requirements in the fine print. On the surface, this is an easy way for a consumer with liquidity to make a short-term gain.
Question: are ALL account opening bonuses over $100 treated as taxable income to the recipient?
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John Tyson
CFO/SVP
Altamaha Bank & Trust Company
Vidalia GA
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Original Message:
Sent: 07-31-2019 11:57
From: Neil Stanley
Subject: Check Out This Effective APY!
Pondering the competitive nature of deposits today and in the near future? How many of you are aware of this recent Wells Fargo direct mail solicitation? The welcome bonus is for depositing $25,000 and keeping for 90 days.
------------------------------
Neil Stanley
TS Banking Group
Treynor, Iowa
------------------------------
Question: are ALL account opening bonuses over $100 treated as taxable income to the recipient?
------------------------------
John Tyson
CFO/SVP
Altamaha Bank & Trust Company
Vidalia GA
------------------------------
-------------------------------------------
Original Message:
Sent: 07-31-2019 11:57
From: Neil Stanley
Subject: Check Out This Effective APY!
Pondering the competitive nature of deposits today and in the near future? How many of you are aware of this recent Wells Fargo direct mail solicitation? The welcome bonus is for depositing $25,000 and keeping for 90 days.
------------------------------
Neil Stanley
TS Banking Group
Treynor, Iowa
------------------------------
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