Bank bonuses are a great way to earn some extra money, but they usually require a direct deposit. Show
But switching your direct deposit over to a new bank can be hassle, and may not be worth it just for a bonus. So we’ve compiled a list of the 10 best bank promotions that don’t require a direct deposit. These offers range from $100 all the way up to $1,000, so there’s sure to be something here for everyone. Best Bank Promotions without Direct DepositThese bank bonuses range from $100 all the way up to $2,000, so there’s sure to be something here for everyone. Aspiration Spend & Save — $150Want to get $150 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a Spend & Save Account. There’s no direct deposit required, however you must spend $1,000 within 60 days of getting your debit card. This bank account is legit and only takes two minutes to sign up for an account. ($150 bonus for new accounts) Want free money? 5.0 Want to get spotted a $150 for free? Simply sign up for Aspiration, and the free banking app will give you cash for free, you just relax while it gives you $150 just for opening a new debit card. There’s no catch. This bank account is legit and only takes two minutes to sign up for an account.
Citi® – up to $2000 (expires 1/9/2023)Open a new checking account in an eligible account package from 7/18/22 through 1/9/23 and earn a cash bonus of up to $2,000 after completing required activities. Simply deposit qualifying funds within 20 days of account opening and maintain your balance for an additional 60 days from the 21st day to unlock your bonus. Only New-to-Citibank checking customers can take advantage of this offer. Check out all the offers here. Discover Bank Online Savings Account — $150 or $200 (expires 9/15/2022)Kick-start your savings with a $150 or $200 bonus offer. To earn your bonus, open a new Discover Online Savings Account and deposit at least $15,000 in new money within 20 business days. Your initial deposit can’t come from another Discover account. After meeting the requirements, you’ll receive your bonus within 10 business days. This bank offer is available to U.S. residents only and you can learn more here. Tips for Claiming a Banking Bonus without Direct DepositSome bank promotions require that you open a new checking account and set up direct deposit, but there are plenty of ways to get around that. Here are a few tips: If you’re looking for bank promotions that don’t require direct deposit, your best bet is to look for smaller banks and credit unions. They tend to have less strict requirements when it comes to bonuses. Look for bank promotions that only require a certain amount of money to be deposited within a certain time frame. This is usually much easier to do than setting up direct deposit. If you’re having trouble finding bank promotions that don’t require direct deposit, you can always try to negotiate with your bank. Many banks are willing to work with customers to find a promotion that meets their needs. Final Thoughts on Bank PromotionsEarning a bank bonus is a great way to pad your savings account, but it can be tough to do if you don’t have direct deposit set up. Fortunately, there are plenty of bank promotions out there that don’t require direct deposit. By taking advantage of these offers, you can earn some extra cash without having to go through the hassle of setting up direct deposit. Do you know of any other bank promotions that don’t require direct deposit? Let us know in the comments below. Advertiser Disclosure: Most products in our articles are from partners who may provide us with compensation. However, opinions expressed here are author's alone, not those of any bank, credit card issuer, airline or hotel chain. Many banks offer a cash or points-based bonus when you open a new checking or savings account. Requirements for these one-time bank promotions usually mean you’ll need to set up a direct deposit to the new account and keep it open for a few months. Opening a high-yield savings account or a money market account is a sound financial move, especially when they earn interest. But why open a personal checking account or savings account when you get nothing in return? After all, banks should be competing for your business. Right? That’s why financial institutions extend bank bonus offers to new customers who are willing to try a new account. New Bank Account Offers By Type:
Personal Checking Account Bonuses Business Checking Account Bonuses
Bank bonuses are a risk-free way to earn money with your unused cash. However, earning bank bonuses for opening personal checking accounts and savings accounts does take effort, especially when you’re working with multiple banks. This guide to bank bonuses can help you hit your goals and stay organized. Chase Total Checking®: $200 Bonus OfferBank account bonuses aren’t exactly rare, but some of them require you to jump through a lot of hoops. For example, you may be required to make a certain number of debit card purchases, set up and use a bill pay feature, or deposit a significant amount of money and keep it there for several consecutive months. However, with the Chase Total Checking bonus, all you have to do is open an account and set up direct deposit to earn the $200 bonus. Read our full review of Chase Total Checking.
VerdictWhile Chase Total Checking is a standard, no-frills account that, for some reason, carries a monthly fee, the upside is that Chase is a quality bank. It has a sound reputation for providing excellent customer service, and many people will likely find an ATM or branch within 10 miles of their homes. The bonus is generous, and if you prioritize in-person services — this could be the account for you. Chase Secure Banking℠: $100 Bonus OfferRight now, new Chase Secure Banking customers can enjoy a $100 bonus when they open a new checking account with qualifying activities. While the $4.95 monthly service fee means that your account won’t be free, it does feature several valuable benefits, including zero fees on most everyday transactions. Read our full review of Chase Secure Banking.
VerdictYou won’t frequently find a bank bonus for a second-chance account, which is what Chase Secure Banking is essentially designed to be. If you’re in the process of rebuilding your personal finances and credit profile, then this account offers flexible qualifications for account opening. So an extra $100 to get you started could be a lucrative opportunity — just be sure you have the liquid finances to waive the monthly fee. Chase Business Complete℠ Checking: $300 Bonus OfferChase Business Complete Checking is the bank’s flagship business checking account, and it offers all of the benefits you’d expect from one of the largest banks in the U.S. Qualifying for its $300 bonus isn’t difficult, but there are a series of qualifying activities you’ll need to complete to be eligible. Our full review details everything you need to know about Chase Business Complete Checking.
VerdictChase Business Complete Checking stands out with its generous bonus for new customers and its nationwide network of ATMs and branches. Keep in mind that this account does carry a sizable monthly fee, which can be waived. Still, for those who don’t require in-branch services, you may find more affordable options that also pay a higher rate of interest. Citi Priority Checking: $200-$2,000 Bonus OfferCiti Priority Checking, from our partner Citi, is currently offering new-to-Citi customers a chance to enjoy its Priority banking relationship and a generous welcome bonus. If you have at least $10,000 in your current bank account, you could earn a $200 bonus by switching to Citi. And for those with a higher net worth, you can pick up either a $500, $1,000, $1,500 or $2,000 in bonus cash. Keep in mind that the Citi Priority checking account has a $30 monthly service fee for those who cannot maintain a $30,000 balance across all eligible Citi accounts Read our full review of the Citi Priority account.
VerdictThis $2,000 bonus is among the largest bank bonuses available today. Those who can meet the bonus requirements will likely find a lot of value in continuing to bank with Citi. The bank has a nationwide footprint with over 72,000 fee-free ATMs and 700 branches in the U.S. alone (over 2,600 branches worldwide). Still, for those who do not want the worry of monthly maintenance fees, there are other options—such as SoFi Checking and Savings. HSBC Premier: $500 Bonus OfferThose who have their feet firmly planted in two or more countries have unique banking needs, such as currency conversions, multiple international transfers, and avoiding the ever-looming threat of a foreign transaction fee. HSBC understands these needs and is offering a $500 bonus to global citizens to discover why HSBC Premier is a favorite of international banking customers who need quick access to dollars, Sterling, Deutschmarks, and yen. Read our full review of HSBC Premier.
VerdictThose who have enough liquid cash in their accounts to both earn this $500 bonus and avoid the rather expensive monthly maintenance fees may find what they’re looking for with HSBC Premier. Yet, global customers do have cheaper options available to them — but without this enticing cash bonus. TD Bank Beyond Checking: $300 Bonus OfferWith a TD Bank Beyond Checking account, you’ll pay a $25 monthly maintenance fee unless you set up $5,000 in monthly direct deposits, have a minimum $2,500 daily balance or have a combined $25,000 balance across eligible TD accounts. You can earn interest at tiered interest rates, get overdraft protection, receive free checks and bank statements and be eligible for rate discounts on home equity or personal loans. TD fees waived at any ATM, and non-TD fees reimbursed when you keep at least a $2,500 daily balance. Read our full review of TD Bank.
This offer is available to residents of the following states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT and VA. VerdictWhile this checking account won’t impress you with a competitive APY, it does offer a few unique features, including annual overdraft fee reimbursements and a free outgoing wire transfer per statement cycle. If you meet the criteria to waive the hefty monthly fee, then its $300 bonus could be a good reason to bank with TD. TD Bank Convenience Checking: $200 Bonus OfferTD Bank Convenience Checking carries a monthly maintenance fee of $15, unless you maintain a minimum daily balance of $100 or you’re 17 to 23 years old. This is not an interest-bearing account, but online statements are free. You’ll get discounts on your first order of select check styles, overdraft protection and rate discounts on home equity or personal loans.
This offer is available to residents of the following states: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT and VA. VerdictIn an era of fee-free banking, there’s nothing exciting about a standard checking account that charges a monthly maintenance fee, especially when you can get the same account online for free. But for those who need brick-and-mortar locations, in-person customer service, and the ability to make cash deposits, TD Bank Convenience Checking could be what you’re looking for. And, with a $200 bonus, becoming a new customer is slightly more enticing. PNC Bank Business Checking: $200 Bonus OfferNew PNC business customers can earn a $200 bonus after opening a Business Checking account and meet eligibility requirements. The new account won’t be eligible for the offer if any signer has signing authority on an existing PNC Bank business checking account or has closed an account within the past 90 days. They also wouldn’t qualify if they had been paid a promotional premium in the past 12 months. There will be a soft pull of your credit to see if you can open an account. This offer is open to all U.S. residents.
VerdictThis is PNC Bank’s basic business checking account, and it’s best for smaller businesses that don’t exceed 150 transactions per month and those who prefer in-person banking. Since the monthly fee is nominal and easily waived, opening the account for the bonus will be agreeable for many. PNC Bank Analysis Business Checking: $500 Bonus OfferNew PNC business customers who open either an Analysis Business Checking or Treasury Enterprise Plan can earn a $500 promo. The Analysis Business Checking carries a $25 monthly account maintenance fee. Then, pay per-item-usage fees for the activity levels and services your business actually uses. The Treasury Enterprise Plan has a $50 monthly account maintenance fee, unless you maintain $30,000 average combined monthly balance in the Master and all additional beneficiary business checking accounts.
VerdictAnalysis Business Checking is a niche product for businesses that need to link multiple checking accounts and only pay for the services they use. For the right enterprise, this can mean big savings overall, especially with the ability to offset these various fees with earning credits. So, if this is the specialty solution you are looking for, then a new account bonus is probably going to be appealing. Huntington Bank Business Checking Accounts: $100-$750 Bonus OffersWhether you’re a newly-minted LLC or a well-established local business, Huntington Bank’s lineup of business checking accounts has you in mind. Plus, for a limited time, Huntington Bank is offering new customers a chance to earn a welcome bonus. Keep in mind that this promotion is only available to residents in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, and Wisconsin,
VerdictWhile each of these eligible accounts offers its own suite of features and tools to help you grow your business, small business owners and freelancers have a lot to like about Huntington Bank. It offers both mobile and online banking, as well as in-person customer service at your local branch. Still, if you’re looking for an interest-bearing business checking account that pays a high-yield, you may be better off looking elsewhere. Huntington Bank Huntington Perks Checking: $200 Bonus OfferYou can earn a $200 cash bonus for opening a Huntington Perks Checking account and making cumulative deposits of at least $1,000 into the new checking account within 60 days. The funds must be new money; so deposits cannot be made from a previous savings or checking account with Huntington Bank. The bank requires that you provide your Social Security number and a government-issued ID when applying for a personal checking account. The bank is going to do a soft pull of your credit as well. You must be 18 years or older, a U.S. citizen, a resident of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia, and open an individual or joint account. Read our full review of Huntington Perks Checking.
VerdictThe most intriguing aspect of this account is its ample bonus offer. Other than that, there’s little difference between this account and the fee-free Asterisk-Free Checking. Even so, the bonus is larger, so you could consider starting with Huntington Perks for the promotional period and then downgrading to the bank’s free checking account. Huntington Bank Huntington Platinum Perks Checking: $300 Bonus OfferHuntington Platinum Perks Checking is the bank’s premier consumer checking account, and, for a limited time, new customers can earn a generous $300 bonus for opening a new account and meeting eligibility requirements. The account is interest bearing and charges a $25 fee that can be waived when you maintain at least $25,000 in combined balances across any eligible deposit accounts with Huntington National Bank.
VerdictSimilar to the Huntington Perks account, this account is nothing to get too excited about. It’s marketed as an interest-bearing account, but the APY is embarrassingly modest, and the monthly fee is more costly than it has reason to be. Still, the bonus is twice the size as the Asterisk-Free — so opening the Huntington Platinum Perks for the promotional period and then downgrading to the bank’s free account is probably the prudent move. How Bank Account Bonuses WorkMany banks and credit unions offer introductory cash bonuses to incentivize people to sign up for a new personal checking account, money market, spending account or savings account. Depending on the financial institution, we’ve seen bank account bonuses ranging from $50 to $1,000. These new customer bonuses are often offered through limited-time promotions — both for checking accounts and savings accounts — and the requirements to earn one can vary. Here are some common eligibility actions banks require to earn a bank bonus money:
Because there are so many different ways to earn a bank account bonus, you can pick and choose the accounts that you can earn one with easily. Soft inquiries and hard pullsWhen opening a new deposit account to earn a bank bonus, there’s usually no hard inquiry on your credit report like you get when you apply for a credit card. Instead, banks typically only require a soft pull on your credit report — which has no impact on your credit score. However, bank accounts do get reported to ChexSystems, and if your ChexSystems report shows too many recent accounts opened in a certain number of consecutive calendar months, you may get denied. Other common eligibility termsTypically, to receive your promotional cash, your account needs to be open and in good standing at the time of bonus payment. This means you must not have a negative balance and you cannot close your account until after the bank awards you the bonus. Additionally, many banks may only allow you to receive one new checking account bonus per calendar year. How to Avoid Monthly Fees on Your New AccountsA monthly maintenance fee is a fee charged by a financial institution to a customer if certain requirements aren’t met. For example, some banks may charge a monthly maintenance fee if your checking account balance is under a defined threshold during a calendar month or statement cycle. Monthly fees aren’t common with credit unions, but they’re pretty standard with major banks. As you compare checking account bonuses and savings account offers, look at the product’s fee structure to determine how much bonus money you’ll actually earn. For example, new customers may get a $100 savings bonus on an account with a $12 monthly fee. What’s more, if you close the account within six calendar months, the bank may clawback your bonus. In the example above, if you can’t find a way to get that monthly fee waived — which is often possible — your actual earnings from the bonus payment, minus the monthly fees, are just $28. Bank Bonuses FAQWhat banks have the best checking account bonus offers? Checking account bonus offers vary depending on the financial institution and the time of year. However, online banks and financial technology firms — commonly referred to as fintechs — are known to be able to offer bigger bonuses and more generous deposit account benefits and rates because of their lower overhead and non-traditional structure. However, this is not always true — for example, multinational Santander Bank offered new personal checking customers a sizable $400 cash bonus in 2020 just for opening a new account. Why do banks offer bonus for opening account? The majority of checking accounts and savings accounts offer similar terms, regardless of the financial institution. To help entice new customers to open new deposit accounts, banks offer sign-up bonuses in the form of cash, statement credits or some other lucrative reward. Are bank bonuses taxable? Yes, bank account bonuses are taxable as interest-bearing income. So remember to watch out for 1099-INT forms when you get ready to file your tax return. What banks have the best saving account bonus offers? Similar to checking account bonus offers, online-only banks and fintech services are generally able to offer more generous savings account bonus offers. However, savings account bonuses are not as common as checking account bonus offers because checking accounts typically come with debit cards that can be used as a form of payment. Banks make money every time you swipe or tap your debit card, and therefore, they tend to incentivize checking accounts more frequently. What is a direct deposit? A direct deposit is an automated electronic deposit of funds directly into a checking or savings account, rather than through a physical check, fund transfer or cash deposit. Direct deposits are the most secure way to deliver electronic funds. Is a service fee the same as a monthly maintenance fee? No, a service fee is a fee charged to customers for something specific, such as a bank charging a service fee for using an ATM that’s not part of its network or a vendor charging a maintenance fee for making a payment with a credit card. Monthly maintenance fees are recurring fees banks charge to hold a checking account or savings account. What is considered a direct deposit? Employer payroll checks are the most common example of a direct deposit, but government-issued monies, social security benefits, stimulus checks and tax refunds are also considered direct deposits. Can you earn a bonus for opening a money market account? Yes, new money market customers have been known to earn bonus money for opening new accounts. However, a bank must first offer a sign-up bonus to new money market customers in order to earn one. Do I need a promo code to get a bank bonus? Whether or not you need a promotional code to earn a bank bonus depends on an individual bank’s bonus requirements. Some banks do not require a code, while others do. Sometimes these codes will be referred to as a coupon. As an example, M&T Bank may require a promotional code to be applied at the time of account opening to qualify for a bonus. On the other hand, Regions Bank requires a coupon code and SoFi Checking and Savings requires no code at all. Can you earn two bonuses if you open a joint bank account? No, banks will only award a bonus to the primary owner of an account, not one for each joint owner. A primary owner is the main user or record holder of an account. While both joint owners are responsible for account management, the primary owner is indicated on the signature block of the account terms and conditions. More Current Bank Bonuses and Promotions:
show less While we work hard on our research, we do not always provide a complete listing of all available offers from credit-card companies and banks. And because offers can change, we cannot guarantee that our information will always be up to date, so we encourage you to verify all the terms and conditions of any financial product before you apply. What bank gives you money just for opening an account?Best checking account bonuses. Citibank: up to $2,000 bonus.. Fifth Third Bank: $250 bonus.. BMO Harris: up to $350 bonus.. SoFi: up to $300.. TD Bank: up to $300.. M&T Bank: up to $200 bonus.. Chase Bank: $200 bonus; $100 bonus for college students.. Huntington National Bank: up to $300 bonus.. How can I get money without direct deposit?PayPal is probably the most widely recognized alternative to direct deposits. The company accepts payments from a wide variety of sources, and while it has the capability to transfer your funds to a bank account, it can also be used as a bank.
How can I get $200 from Wells Fargo?Wells Fargo Everyday Checking: Earn $200
It also has a $10 monthly service fee. What is the offer? Open a new Everyday Checking account with a minimum deposit of $25, take in $1,000 worth of qualifying direct deposits during the first 90 days, and earn a $200 bonus..
What banks let you open an account for free?Here's a look at a few banks that offer free checking accounts.. Ally: Interest Checking Account. ... . Capital One: 360 Checking Account. ... . Discover Bank: Cashback Debit account. ... . Heritage Bank: eCentive Account. ... . NBKC: Everything Account.. |