Wells Fargo Bank deals are fairly rare. This is a hassle-free deal too. All you have to do is open a checking account with $100 minimum deposit, and they will credit your account with $50 within 45 days.
Wells Fargo is one of the few banks that actually weathered the credit crunch quite nicely. In fact, just recently, Wells Fargo stock overtook Citi in terms of market capitalization.
This is a good deal from a great bank.