Bank Promotions Without Direct Deposit (March 2024)

You’re looking around for a new checking account and think you’ve found the perfect one. It has all the features you need, including a $300 cash bonus just for signing up. But there’s one caveat — you can only get the bonus if you enroll in monthly direct deposits, which your employer doesn’t offer. Queue bank promotions without direct deposit requirements!

Most bank bonuses have a few qualifying requirements. For example, you may have to maintain a minimum balance requirement or average daily balance. You may also have to satisfy a minimum deposit threshold upon account opening.

Many banks also require that you link direct deposit to your account to get the sign-up bonus, which can be problematic if you work for a company that doesn’t support it.

Maybe you’re between jobs, are self-employed, or your employer pays you by check or in cash. These are all valid reasons why you might not be able to set up direct deposits with your bank.

Keep in mind that some of these accounts are available nationwide, while others might only be offered in the states in which the bank operates physical branches.

Best Bank Bonuses Without Direct Deposit Requirements – March 2024

Here are the 25 current best bank bonuses that don’t require a direct deposit:

  1. J.P. Morgan: up to $700 bonus
  2. U.S. Bank: up to $800 bonus
  3. Barclays: $200 bonus
  4. Discover: up to $360 bonus
  5. Upgrade: $200 bonus
  6. NorthOne: $30 bonus
  7. Found: $20 bonus
  8. Axos: up to $400 bonus
  9. Bank of America: $200 bonus
  10. Baselane: $150 bonus
  11. Revolut: $10 bonus
  12. UBT: $50 bonus
  13. M&T: $500 bonus
  14. S&T Bank: up to $900 bonus
  15. TD Bank: $200 bonus
  16. PNC: $200 bonus
  17. Middlesex Savings Bank: $200 bonus
  18. Citi®: up to $500 bonus
  19. E*TRADE Bank: up to $1000 bonus
  20. Wescom: up to $200 bonus
  21. BMI FCU: $200 bonus
  22. M1: up to $20000 bonus
  23. Chartway Federal Credit Union: up to $800 bonus
  24. Partner Colorado Credit Union: $250 bonus
  25. Wells Fargo: $2500 bonus

Self-Directed Investing Logo1. J.P. Morgan Wealth Management

Available nationwide with the ability to open online, J.P. Morgan Wealth Management is offering up to a $700 welcome bonus when you open a new Self-Directed Investing account with qualifying minimum funding.

This is tiered bonus, meaning that the more you deposit, the more you may be eligible to earn. New for this iteration, J.P. Morgan has introduced a lower tier at $5,000, down from the previous $25,000 entry point and raised the max bonus amount!

Here are all 4 tiers of this investing bonus:

New Money Added Bonus Amount
$5,000-$24,999 $50
$25,000-$99,999 $150
$100,000-$249,999 $325
$250,000+ $700

This is the highest offer that we've seen to-date from J.P. Morgan.

Self-Directed Investing - up to $700 bonus

Expires: April 12, 2024

The Self-Directed Investing signup offer requires you to deposit and maintain a minimum balance in order to earn the $700 bonus. Full requirements to receive this bonus are:

  1. Open a J.P. Morgan Self-Directed Investing account using the link below.
  2. Within 45 days, fund your account with qualifying new money; $5,000 - $24,999 = $50 bonus; $25,000 - $99,999 = $150 bonus; $100,000 - $249,999 = $325 bonus, $250,000 = $700 bonus.
  3. Your bonus amount will be determined on day 45.
  4. Maintain your new funds for 90 days (losses due to trading or market fluctuation will not be taken into account).
  5. Bonus will be received within 15 days.
  6. INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

read the full terms

U.S. Bank Logo2. U.S. Bank

U.S. Bank is offering up to a $800 welcome bonus when you open and fund a new, eligible business checking account. This is a tiered bonus where you can earn more if you're able to deposit more. To earn the full $800 just deposit $25,000 in new money and maintain that balance for at least 60 days. This offer has increased since the last time it was offered to reward businesses with higher balances, so now might be a great time to jump on it if you've been considering U.S. Bank for your business banking needs.

Business Checking - up to $800 bonus

Expires: April 23, 2024

The Business Checking signup offer requires you to deposit and maintain a minimum balance, and optionally, make purchases using the account's card and set up bill pay in order to earn the $800 bonus. Full requirements to receive this bonus are:

  1. Open a new Silver, Gold or Platinum Business Checking Package from U.S. Bank online with the promo code Q1AFL24 and complete qualifying activities. Member FDIC.
  2. To earn $350 bonus: Deposit $5,000 in new money within 30 days of account opening and maintain for 60 days after account opening.
  3. To earn $800 bonus: Deposit $25,000 in new money within 30 days of account opening and maintain for 60 days after account opening.
  4. Bonus will be deposited into your new U.S. Bank business checking account within 45 days of meeting all requirements.
  5. Subject to certain terms and limitations.

read the full terms

Barclays Bank Logo3. Barclays Bank

Available nationwide, Barclays is offering a $200 bonus when you open a new personal savings account and deposit new money. To qualify for this offer, you must be a new Barclays Savings customer (current and previous Barclays customers with a Savings account or CD are not eligible). Terms Apply.

Online Savings - $200 bonus

Expires: May 3, 2024

The Online Savings signup offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Be a new banking customer to Barclays open a new Barclays Online Savings account.
  2. Within 30 days, deposit at least $25,000 in new funds.
  3. For 120 consecutive days maintain at least a $25,000 balance.
  4. After the $25,000 balance is maintained for 120 consecutive days, the $200 bonus will be added directly to the account within 60 days.
  5. Terms Apply

read the full terms

Discover Bank Logo4. Discover Bank

Discover® Bank, member FDIC, has a cool twist on the old-fashioned debit card: cash back rewards. Open an account online, and they'll give you 1% cash back on up to $3,000 in debit card purchases each month, for up to $360 each year as a bonus to your normal spending. See website for details.

Discover® Cashback Checking - up to $360 bonus

Expires: Limited Time

The Discover® Cashback Checking signup offer requires you to make purchases using the account's card in order to earn the $360 bonus. Full requirements to receive this bonus are:

  1. Open a new Discover® Cashback Checking account using the link below.
  2. Use your debit card to earn cashback – up to $30 can be earned per month (see website for details).
  3. Bonus cash will be deposited into your account each month.

read the full terms

Upgrade Logo5. Upgrade

Upgrade is offering a $200 welcome bonus when you open a new Rewards Checking Plus account and make 3 debit card transactions.

To qualify for this promotion, you'll first need to sign up for any Upgrade Card (for example, the Triple Cash Card), which is a blend of a credit card / line of credit. Then, you'll need to open a free Rewards Checking Plus account. Finally, you'll need to make just 3 purchases using your new debit card.

What's more? If you choose The Triple Cash Rewards Visa card you'll earn 3% on purchases in Home, Auto, and Health categories and 1% on all other purchases. There are no annual fees and no late fees.

All in all, this is an easy bonus to earn.

Overall, it's rare to find a cash offer this high that does not require a direct deposit, minimum balance, or a monthly fee. Check it out!

Rewards Checking Plus - $200 bonus

Expires: Limited Time

The Rewards Checking Plus signup offer requires you to make purchases using the account's card in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Apply for any Upgrade Card (including The Triple Cash Rewards Card which is linked below).
  2. Within 60 days, open and fund a new Rewards Checking Plus account.
  3. Within the same 60 days, make 3 purchases using your debit card.
  4. The bonus will be applied to your Rewards Checking Plus account as a one-time payout credit within 60 days after meeting the conditions.

read the full terms

NorthOne Logo6. NorthOne

Like other neobanks, NorthOne seeks to leverage tech to disrupt the business banking status quo. While most business accounts from the big-brand banks have transaction limits that force you to upgrade to premium accounts as your company grows (read: higher monthly fees), NorthOne charges a flat $10 per month and then no additional fees for ACH payments, deposits, transfers, purchases, or app integrations.

Currently, they're running a business checking account promotion exclusive to BankBonus.com readers: 3-months FREE to try their Business Banking account.

There's no catch and no additional requirements – just sign up using our link, fund your account with any amount and your first two monthly fees will be waived.

Business Banking - $30 bonus

Expires: Limited Time

The Business Banking signup offer requires you to complete the following in order to earn the $30 bonus. Full requirements to receive this bonus are:

  1. Sign up using our link below.
  2. Fund your account with any amount.
  3. Your first three monthly fees will be waived.

read the full terms

Found Logo7. Found

Found is a relatively new business banking fintech that's offering a lot for free to small businesses.

There are no required monthly fees, no minimum balance requirements, easily connect apps like Quickbooks and Stripe, unlimited transactions, free built-in expense tracking and tax tools, free ACH transfers and more. Should you require more advanced features like photo receipt capture, you can opt in to their paid subscription service called Found Plus.

On top of that, they're offering new customers $20 when you complete some minor spend requirements. This isn't a large bonus, but it's a very intuitive business fintech for small businesses to manage their activities and spending.

Note: you won't see mention of the $20 bonus on their website until after you setup your Found account.

Business Banking - $20 bonus

Expires: Limited Time

The Business Banking signup offer requires you to make purchases using the account's card in order to earn the $20 bonus. Full requirements to receive this bonus are:

  1. Open a new Found account using the link below.
  2. Within 30 days, complete $100 in spend with your new Found business debit Mastercard®.

read the full terms

Axos Bank Logo8. Axos Bank

Available nationwide with the ability to open online, Axos is offering a $400 welcome bonus when you open a new Basic Business checking account and maintain a minimum balance. You'll also need to use your debit card to qualify. This is double their previous offer (and quadruple one before that!) so now might be a good time to jump on it.

Wanna get an interest-bearing account instead? They're also running this promotion on their Business Interest Checking account.

Basic Business Checking - up to $400 bonus

Expires: June 30, 2024

The Basic Business Checking signup offer requires you to deposit and maintain a minimum balance, make purchases using the account's card and set up bill pay in order to earn the $400 bonus. Full requirements to receive this bonus are:

  1. Open a new Basic Business Checking account from Axos Bank with promo code NEW400.
  2. During the first 5 statement cycles, earn $75 for each statement cycle the average daily balance is $25,000 - $49,999.99, up to $300 total OR earn $100 for each statement cycle the average daily balance is at least $50,000, up to $400 total.
  3. In addition, you'll need to complete 10 purchases of at least $3 with your Small Business Checking Visa® Debit Card and have BillPay setup on your account.
  4. Bonus will be deposited into your new account within 10 business days of your statement cycle date.

read the full terms

Bank of America Logo9. Bank of America

If you're a business owner in the market for a new checking account, be sure to check out this offer from Bank of America.

They're offering a $200 cash bonus when you open a new Bank of America® Business Advantage Banking account and maintain qualifying deposits. See offers page more details.

To qualify, you can choose between the Bank of America Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking accounts. Both have monthly fees that can be waived if minimum deposits amounts are met. See below for more details.. Then, you'll just need to deposit $5,000 into your new account. Pretty simple!

Bank of America® Business Advantage Banking - $200 bonus

Expires: June 30, 2024

The Bank of America® Business Advantage Banking signup offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new Bank of America® Business Advantage Banking account.
  2. Within 30 days, make qualifying deposits of $5,000 or more in new money.
  3. For the next 60 days, maintain an average balance of $5,000.
  4. Bonus will be deposited directly into your Business Advantage Banking account within 60 days from the end of your qualifying period.

read the full terms

Baselane Logo10. Baselane

Available nationwide, Baselane is a banking platform for landlords to help them manage rent collection, taxes, banking, insurance and more! Through June, Baselane is offering a $150 welcome bonus when you open a new account and collect at least 2 rent payments. There's also a minimum deposit requirement, but it's small.

Baselane Banking - $150 bonus

Expires: Limited Time

The Baselane Banking signup offer requires you to deposit and maintain a minimum balance in order to earn the $150 bonus. Full requirements to receive this bonus are:

  1. Open a new Baselane account using the link below.
  2. Within 30 days, deposit at least $500 into a Baselane banking account and maintain that average balance for 60 days.
  3. Within 90 days, complete at least $1,500 of mortgage payments from your Baselane Banking account.
  4. Finally, within 90 days, collect at least $1,500 of rent payments using Baselane’s Rent Collection tool.
  5. Bonus will be deposited into your Baselane banking account within 30 days

read the full terms

Revolut Logo11. Revolut

Revolut is offering $10 when you open any new Revolut account and complete a transaction with your card. That's it! This is a limited time offer when you sign up through BankBonus.com so you must act fast!

What's more? Select customers may be offered an opportunity to earn 1% back on purchases, up to $70 a week for the first 90 days! On top of that, once you signup you'll be eligible to refer friends. Recent referral promotions have gone as high as $100 each!

Standard Account - $10 bonus

Expires: Limited Time

The Standard Account signup offer requires you to make purchases using the account's card in order to earn the $10 bonus. Full requirements to receive this bonus are:

  1. Open a new Revolut account using the link below.
  2. Once you have provided your phone number, you will be directed to the sign up flow for a Revolut Personal account.
  3. Before the end of the Limited Time Promotion Period, make one (1) qualifying transaction of at least $1.00 using your Revolut physical or virtual card.

read the full terms

Union Bank and Trust Logo12. Union Bank and Trust

Union Bank & Trust is offering $50 to new customers that sign up for their a Simply Free Checking, Simply Free Plus, Simply Free Platinum, or University checking account.

This offer is back to requiring direct deposit, where they previously required just requires 10 debit card purchases.

Personal Checking - $50 bonus

Expires: March 29, 2024

The Personal Checking signup offer requires you to make purchases using the account's card in order to earn the $50 bonus. Full requirements to receive this bonus are:

  1. Open a Simply Free or a Simply Free Student checking account.
  2. Enroll in eStatements.
  3. Within 90 days, make direct deposits totaling $500 or more.
  4. Bonus will be credited to active accounts within 100 days of account opening.

read the full terms

M&T Bank Logo13. M&T Bank

M&T is offering $500 to new Tailored Business Checking customers. You'll need to deposit $5,000 and maintain that average balance in the third full calendar month after the account was opened. That means this bonus represents a 72% effective return on your savings. Whoa!

If you're also in the market for a Merchant Services account, you can combine this offer with their Merchant Services bonus, for a total reward of $1000.

M&T Tailored Business Checking - $500 bonus

Expires: March 29, 2024

The M&T Tailored Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $500 bonus. Full requirements to receive this bonus are:

  1. Open a Tailored Business Checking account using the link below with promo code BD.
  2. For the third full calendar month following account opening, maintain an average balance of $5,000 to earn $500.
  3. Bonus will be awarded within 45 days after the end of the third full calendar month after the account was opened.

read the full terms

S&T Bank Logo14. S&T Bank

S&T Bank is offering new business checking customers up to $900 cash.

The bonus breaks down into two parts: $300 for opening a Basic Business Checking account and funding it with at least $1,000 (or $600 if you fund with at least $25,000), while also requesting and activating a debit card.

An additional $300 is up for grabs if you also open a new payment processing account with them. Fortunately, if you can't or don't want to open the processing account, you're still eligible for the up to $600 account opening bonus.

Basic Business Checking - up to $900 bonus

Expires: March 29, 2024

The Basic Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $900 bonus. Full requirements to receive this bonus are:

  1. Open a new Basic Business Checking account using the link below.
  2. Within 5 days, deposit $1,000 and have an average daily balance of $1,000 on April 30, 2024 to earn $300 or deposit $25,000 and have an average daily balance of $25,000 on April 30, 2024 to earn $600.
  3. Apply, receive and activate a debit card by April 30, 2024.
  4. To earn an additional $300, also open a new S&T payment processing account through Elavon and accept payments by April 30.
  5. Bonuses will be credited to your account on May 9, 2024.

read the full terms

TD Bank Logo15. TD Bank

TD Bank is offering a $200 welcome bonus if you open a new savings account by November 30st, 2023. It works out to effectively be an interest rate of about 4%.

What's more, you can maximize this promo by also opening a new personal checking account — stacking an extra $300 or $150 on top of this offer for a total of up to $500.

While this isn't available nationwide, it is open to a healthy list of states, and is no longer targeted to select customers.

Personal Savings Account - $200 bonus

Expires: March 31, 2024

The Personal Savings Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a TD Savings account using the link below.
  2. Within 20 days, deposit $20,000 and maintain that balance for 90 days.
  3. Bonus will be paid on or before 180 days after account opening.

read the full terms

PNC Bank Logo16. PNC Bank

PNC is running a couple of welcome bonus offers targeting small business owners. For this one, you'll need to open either a Business Checking or Business Checking Plus account and then meet balance and debit card requirements.

This is a straightforward, nationally-available bonus for business owners.

If your company has higher balances or transaction volume, PNC is running a larger bonus for their enterprise checking accounts, so check those out, too!

Business Checking Account - $200 bonus

Expires: March 31, 2024

The Business Checking Account signup offer requires you to deposit and maintain a minimum balance and make purchases using the account's card in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new Business Checking or Business Checking Plus account.
  2. For 3 statement cycles, maintain an average balance of $5,000.
  3. During those same statement cycles, make 20 debit card purchases.
  4. Bonus will be deposited within 90 days of meeting the requirements.

read the full terms

17. Middlesex Savings Bank

If you live in Massachusetts, Middlesex Savings Bank is offering a pretty solid $200 sign-up bonus for opening any one of their Freedom checking accounts – including their free Freedom Blue® account.

The promo doesn't require direct deposit. Instead, you just need to make 8 debit card purchases within the first 2 months. This is a solid offer given the easy requirements!

Freedom Checking - $200 bonus

Expires: March 31, 2024

The Freedom Checking signup offer requires you to make purchases using the account's card in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open any one of the Freedom Checking accounts using the promo code WORCESTER200.
  2. Within 60 days, make 8 debit card purchases.
  3. Bonus will come as a mailed $200 check within 90 days of account opening.

read the full terms

Citi® Logo18. Citi®

Available nationwide to new and existing customers, Citi is offering up to a $500 bonus when you add new-to-Citi funds to a Citi® Self Invest account.

As is typical with Citi promotions, this is a tiered offer: the more you add, the more you earn. You'll need to deposit at least $10,000 to earn a $100 reward, or at least $200,000 to receive the full $500.

You'll need to also maintain your funds through a date defined in the table below:

Month opened/new funds addedFunding periodMaintain Funds Through
September 2023through 10/31/2023 11/30/2023
October 2023through 11/30/2023 12/31/2023
November 2023through 12/31/2023 01/31/2024
December 2023through 01/31/2024 02/29/2024
January 2024through 02/29/2024 03/31/2024
February 2024through 03/31/2024 04/30/2024
March 2024through 04/30/2024 05/31/2024

Citi® Self Invest - up to $500 bonus

Expires: March 31, 2024

The Citi® Self Invest signup offer requires you to deposit and maintain a minimum balance in order to earn the $500 bonus. Full requirements to receive this bonus are:

  1. Open a new Citi® Self Invest account or add new-to-Citi funds to an existing account.
  2. Opt-in to eDelivery of statements and confirmations.
  3. Bonus will be tiered based on the total amount added: $10,000 to earn $100; $50,000 to earn $200; $200,000 to earn the full $500.
  4. Maintain the New-To-Citi funds in your account through the “maintain funds” deadline as outlined in the chart.
  5. Bonus will be credited on the last day of the 3rd month following the “maintain funds” period.

read the full terms

E*TRADE Bank Logo19. E*TRADE Bank

Payouts have increased again! E*Trade is now offering new investors up to $1,000 in bonus cash when you open and fund a new investing account. You'll only need $1,000 to earn the first tier bonus ($100), way down from $5,000 which is what was previously required.

All the other tiers have roughly been halved, and they've dropped the higher tiers for those with 7+ figures to invest. If you're wanting to earn the full $1,000, you at least $500K in investable assets.

This offer is available to both new and existing customers; however, different rules may apply, so be sure to check the disclosures at the link below.

Brokerage Account - up to $1000 bonus

Expires: March 31, 2024

The Brokerage Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $1000 bonus. Full requirements to receive this bonus are:

  1. Open a new eligible E*TRADE brokerage or retirement account using the link below.
  2. During the first 60 days, fund your new account with new money as follows: $5,000-$24,999 earn $125; $25,000-$99,999 earn $150; $100,000-$199,999 earn $300; $200,000-$499,999 earn $600; $500,000 or more will earn $1,000.
  3. If you deposit $200,000 or more, you will receive a cash credit within seven business days.
  4. If you have deposited at least $200,000 in your account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window.

read the full terms

Wescom Credit Union Logo20. Wescom Credit Union

Wescom is offering up to $200 for you and a friend. This is a tiered bonus, with the first reward being $50 each just for them friend opening a new checking account with $100. The next levels are a tad harder – $50 for reaching Signature Membership status (5–7 Relationship Points) within 3 months; $100 more if they reach Platinum Signature Membership (8+ Relationship Points) within the same time frame. Things like credit cards, insurance policies and additional checking and savings accounts all count towards your Relationship Points.

Wescom Checking - up to $200 bonus

Expires: March 31, 2024

The Wescom Checking signup offer requires you to use a referral link in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Refer a friend (or be referred by a friend) online or through the Wescom mobile app.
  2. Ensure friend opens a new checking account with promo code RAF, earn $50.
  3. Within 3 months of opening the account, if your friend establishes 5-7 relationship points you'll both receive an additional $50.
  4. Within the same 3 months, if your friend establishes 8+ relationship points you'll both receive an additional $100.

read the full terms

BMI Federal Credit Union Logo21. BMI Federal Credit Union

To kick off 2024, BMI Federal Credit Union is now offering new members $200 for opening a new personal checking account and using your debit card. In the past, we've seen welcome bonuses as high as $250, but also as low as $150 so this is still a pretty solid deal.

What's more? If you work at a preferred employer, you can receive an additional $100 on top of any promotion with promo code PEG100

Free Checking Account - $200 bonus

Expires: March 31, 2024

The Free Checking Account signup offer requires you to make purchases using the account's card in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new checking account using the promo code NEW24 and with a minimum $20 opening deposit.
  2. Sign up for eStatements.
  3. Within 90 days, make 30 debit card transactions of at least $5 each.
  4. Bonus will be credited within 10 days of meeting the requirements.

read the full terms

M1 Finance Logo22. M1 Finance

If you already have funds invested on another platform, you can earn big when you transfer funds to an M1 Finance account.

Right now, you can earn a bonus of up to $20,000 for making the switch. This is one of the largest bonus they've offered to date! This time around they've doubled the minimum to qualify ($100K).

All you have to do is open a new account that matches the type you’re transferring from, upload some documents, and you’ll be in line for the bonus.

The total bonus that you get depends on the amount of your transfer:

  • $100,000 – $249,999: $250
  • $250,000 – $499,999: $1,000
  • $500,000 – $999,999: $2,000
  • $1,000,000 – $1,999,999: $4,000
  • $2,000,000 - $4,999,999: $10,000
  • $5,000,000 - $6,999,999: $15,000
  • $7,000,000+: $20,000

M1 Invest [ACATS Transfer] - up to $20000 bonus

Expires: March 31, 2024

The M1 Invest [ACATS Transfer] signup offer requires you to deposit and maintain a minimum balance in order to earn the $20000 bonus. Full requirements to receive this bonus are:

  1. Open a new M1 Invest account that matches the account type you have at another brokerage.
  2. Within 60 days, submit a transfer request from your current brokerage(s). The size of your bonus will depend on the total account value: $100,000 to earn $250; $250,000 to earn $1,000; $500,000 to earn $2,000; $1M to earn $4,000; $2M to earn $10,000; $5M to earn $15,000 or $7M+ to earn $20,000.
  3. Bonus will be credited to your account on December 05, 2024.

read the full terms

23. Chartway Federal Credit Union

Available nationwide, Chartway Federal Credit Union is offering up to $800 in welcome bonuses when you open a new personal savings account and deposit new money. The more money you can deposit, the more you can earn. What's even more? They occasionally have checking bonuses which you may qualify for at a later date.

Bonus Savings - up to $800 bonus

Expires: March 31, 2024

The Bonus Savings signup offer requires you to deposit and maintain a minimum balance in order to earn the $800 bonus. Full requirements to receive this bonus are:

  1. Become a member and open a new Chartway Bonus Savings account.
  2. Before the promotional period ends (03/31/2024), for every $15,000 you deposit, you'll earn a $160 bonus, up to $800 (requires $75,000 in total deposits during the promo period).
  3. Maintain or increase your balance until July 31, 2024.
  4. Bonuses will deposit within 60 days of meeting the requirements.

read the full terms

24. Partner Colorado Credit Union

Available to businesses in Colorado, Partner Colorado Credit Union is offering a $250 welcome bonus when you open a new business checking account and activate Business Visa Debit Card. It's a very simple bonus and the first that we've seen on business checking accounts at PCCU.

Business Checking - $250 bonus

Expires: March 31, 2024

The Business Checking signup offer requires you to complete the following in order to earn the $250 bonus. Full requirements to receive this bonus are:

  1. Open a new PCCU business checking account.
  2. Within 30 days, enroll in online/mobile banking and activate a Business Visa Debit Card.
  3. Bonus will be deposited into the new business checking account within 10 days of meeting qualifications

read the full terms

Wells Fargo Bank Logo25. Wells Fargo Bank

Have a bunch of cash just sitting in the bank earning little interest? Why not earn a large bonus on it by transferring to Wells Fargo?

Available nationwide, Wells Fargo is offering a $2,500 welcome bonus when you upgrade an existing consumer checking account to Premier Checking account or open a new Premier Checking account. Keep in mind, if you upgrade your account, you'll need to bring in $250,000 or more in new deposits to be eligible, which can be kind of steep if you already use Wells Fargo for your primary bank account.

Premier Checking - $2500 bonus

Expires: April 1, 2024

The Premier Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $2500 bonus. Full requirements to receive this bonus are:

  1. Get a code from the link above.
  2. Upgrade an existing consumer checking account or open a new Premier Checking account with your offer code.
  3. Within 45 days, bring $250,000 or more in new money to a deposit or investment account.
  4. Maintain at least a $250,000 balance through Day 90 after account upgrade or opening.
  5. Bonus payment will be deposited within 30 days of meeting the requirements.

read the full terms

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Credit Card Bonuses Don’t Require Direct Deposit

In addition to bank promotions, another way to earn bonus cash without needing to set up direct deposit is to explore credit card offers.

These almost always require you to spend a certain amount using your new card, and you’re usually given a few months to meet that requirement.

One caveat: always compare the spending requirement to your normal budget. If you need to make unplanned purchases, the sign-up bonus isn’t worth it.

But if the bonus fits into your normal spending, or you time the offer for when you have big purchases planned, then these can be an awesome way to earn sign-up cash without the need for direct deposit.

Here are a few credit card offers to consider:

  1. Ink Business Unlimited® Credit Card: $750 bonus
  2. The Business Platinum Card® from American Express: 120,000 bonus points
  3. Capital One Venture X Rewards Credit Card: 75,000 bonus miles
  4. Fifth Third 1.67% Cash/Back Card: 1.67% Cash Back
  5. Citi® / AAdvantage® Executive World Elite Mastercard®: 50,000 bonus miles

Ink Business Unlimited® Credit Card Logo1. Ink Business Unlimited® Credit Card

In addition to the other card perks like cash back and no annual fee, Chase is offering a $750 bonus to new Ink Business Unlimited® cardholders.

The Ink Business Unlimited Card from Chase offers steady cashback across all categories, so you don’t have to worry about tracking bonus categories or spending caps. It’s a great option for earning modest rewards with a welcome bonus and a host of ongoing incentives for applicants.

Ink Business Unlimited® Credit Card - $750 bonus

The Ink Business Unlimited® Credit Card offer requires you to make purchases using the account's card in order to earn the $750 bonus. Full requirements to receive this bonus are:

  1. Apply for a new Ink Business Unlimited® credit card using the link below.
  2. Within 3 months, spend $6,000 using your new card.
  3. Bonus will be credited within 6 to 8 weeks in the form of 75,000 points, which can be redeemed for $750 cash.

read the full terms

The Business Platinum Card® from American Express Logo2. The Business Platinum Card® from American Express

The Business Platinum Card® from American Express comes with a new cardmember offer that can see you earn 120,000 Membership Rewards® Points after spending $15,000 within the first three months on eligible purchases.

You also get a whole host of other annual perks including up to $400 back per year toward U.S. purchases with Dell Technologies, up to $150 back per year for select business subscription purchases with Adobe, a $200 airline fee credit and more! Enrollment required.

This is in addition to the lounge access and 5x points on airline and hotel purchases through amextravel.com. Terms Apply. Keep in mind, these perks come at a price, as there's a $695 annual fee.

Plus, use your Membership Rewards to Pay with Points for a first class or business class flight with any airline available through American Express Travel and you receive 35% of the points back. Or get 35% of the points back when you book a flight in any class with your pre-selected qualifying airline. *up to 1 million points back per calendar year.

The American Express Business Platinum Card comes with a hefty annual fee, but the luxury card is well worth it for businesses that travel frequently and spend big, with high rewards, credits, and elite hotel and lounge benefits. Terms Apply.

The Business Platinum Card® from American Express - 120,000 bonus points

The The Business Platinum Card® from American Express offer requires you to make purchases using the account's card in order to earn the 120,000 bonus points. Full requirements to receive this bonus are:

  1. Apply for The Business Platinum Card® from American Express using the link below.
  2. Within 3 months, spend $15,000 using your new card.
  3. Bonus will be credited within 8-12 weeks of meeting the requirements in the form of Membership Rewards points.

read the full terms

Offer Terms | Rates & Fees

Capital One Venture X Rewards Credit Card Logo3. Capital One Venture X Rewards Credit Card

The Capital One Venture X Rewards Credit Card comes with a 75,000 mile welcome bonus. All you need to do to qualify is make $4,000 worth of purchases within three months of opening the account.

The card has a somewhat high annual fee; however, lower compared to other similar premium cards. Cardholders also enjoy perks such as $300 in statement credits for bookings through Capital One Travel, up to a $100 credit on Global Entry or TSA PreCheck® and access to select airport lounges.

If you’re looking for a travel card with generous bonus category rewards, travel credits, and bonuses, take a look at the Capital One Venture X Rewards Card. It's a happy medium for road warriors who spend enough to offset an annual fee but don't quite want to commit to an elite card.

Capital One Venture X Rewards Credit Card - 75,000 bonus miles

The Capital One Venture X Rewards Credit Card offer requires you to make purchases using the account's card in order to earn the 75,000 bonus miles. Full requirements to receive this bonus are:

  1. Apply for a new Capital One Venture X Rewards Credit Card using the link below.
  2. Within 3 months, spend $4,000 using your new card.
  3. Bonus will be credited to your rewards balance within 2 billing cycles.

read the full terms

Fifth Third 1.67% Cash/Back Card Logo4. Fifth Third 1.67% Cash/Back Card

The Fifth Third Cash/Back Card offers cardholders an unlimited 1.67% cash back on every purchase you make using the card.

This no-annual-fee credit card is only available to customers who have a Fifth Third Momentum® checking or savings account.

Like the Preferred card, the Cash/Back card offers a straightforward rewards system: 1.67% on everything, with no tiered or rotating categories, no limit to your earning, and with rewards that never expire.

Fifth Third 1.67% Cash/Back Card - 1.67% Cash Back

The Fifth Third 1.67% Cash/Back Card offer requires you to make purchases using the account's card in order to earn the 1.67% Cash Back. Full requirements to receive this bonus are:

  1. Apply for a new Fifth Third Cash/Back credit card using the link below.
  2. Use your new card for online or in-store purchases, and automatically receive 1.67% cash back directly to your rewards account.
  3. At any time, use the online portal to redeem your rewards for gift cards, cash back, or travel.

read the full terms

Citi® / AAdvantage® Executive World Elite Mastercard® Logo5. Citi® / AAdvantage® Executive World Elite Mastercard®

The Citi® / AAdvantage® Executive World Elite Mastercard®, for a limited time, offers new cardholders 50,000 American Airlines AAdvantage® bonus miles after spending $5,000 in the first three months. This card come with free Admirals Club® membership and access for up to 2 guests or immediate family members traveling with you. You'll also get your first checked bag free on domestic American Airlines itineraries for you and up to 8 companions on the same reservation.

Bonus Tip: You also get 10,000 AAdvantage® Elite Qualifying miles if you spend $40,000 in a single year.

Whether you’re a true blue American Airlines loyalist or you fly with a number of airlines, this card is worth having in your wallet and can make your AA flights more pleasant, in addition to earning solid rewards. Cardholders get travel benefits and partner benefits that can offset the moderately low annual fee.

Citi® / AAdvantage® Executive World Elite Mastercard® - 50,000 bonus miles

The Citi® / AAdvantage® Executive World Elite Mastercard® offer requires you to make purchases using the account's card in order to earn the 50,000 bonus miles. Full requirements to receive this bonus are:

  1. Apply for a new Citi® / AAdvantage® Executive World Elite Mastercard® credit card using the link below.
  2. Within 3 months, spend $5,000 using your new card.
  3. Bonus miles will be credited in your AAdvantage® account in 8-10 weeks.

read the full terms

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Direct Deposit Requirement: What Counts?

While the above list only includes bank bonuses without a direct deposit requirement, you may be surprised to learn that other bank offers that do require a direct deposit may still be within your reach.

The crux is around what each bank considers to be a qualifying direct deposit.

Spoiler alert: it can vary.

So, what counts as a “qualifying” direct deposit?

It’s true, the bank does not see all deposits as equal.

Why not?

It gets to the heart of what the bank is trying to have you do by offering a bonus reward in exchange for opening a new account and setting up direct deposit: commit to the account and continue using it, long after you’ve met the bonus requirements.

So, to that end, a “qualifying direct deposit” is, strictly speaking, a reoccurring deposit made by your employer or the government (such as for social security benefits).

But, as we alluded earlier, this definition is not shared among all banks.

For example:

  • Capital One 360: Transfers from brokerage accounts such as Fidelity, Schwab, and Ameritrade fulfill the direct deposit requirement.
  • Bank of America: Transfers from prepaid debit cards such as Bluebird and Serve count as direct deposits.
  • KeyBank: Transfers from PayPal will be coded as direct deposit.
  • U.S. Bank: Transfers initiated from many online banks such as Ally, Discover, and USAA will fulfill the direct deposit requirement.

As always, look to the bonus terms and fine print to guide you. It will almost always clearly state what counts as direct deposit and what does not.

Learn More About Bank Bonuses and Their Requirements

Bank bonuses – particularly those that don’t even require direct deposit – are easy money.

However, it can be time-consuming trying to stay on top of offers that are constantly changing.

Plus, if you’re new to bank promotions, your head may spin for a bit trying to learn the nuances, requirements, and pitfalls.

Fortunately, we can help.

By entering your email address below, you’ll get instant access to:

  • Why banks run these deals and how they make money
  • How to meet the requirements
  • Pitfalls to avoid
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  • The newest offers available in your area

…basically everything you need to go from “I’m so confused!” to earning some of the easiest money you’ve ever made.

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Frequently Asked Questions

Does Bank of America offer bonuses?

Bank of America does offer some sign-up bonuses, but unfortunately, you can’t get your hands on them without signing up for a direct deposit.

This is common with bigger banks, so you can expect to run into the same problem with banks like T.D. Bank, PNC, or HSBC.

That said, bank promotions are fluid — meaning they come and go all the time. So just because one bank isn’t offering something that works for you now doesn’t mean that they won’t work in the future.

Do checking offers expire?

Yes. Any bank offer is usually tied to an expiration date. Promotions can last anywhere from months to years, but they are almost always held to a certain timeframe.

If you’re interested in taking advantage of an offer, be sure to look into the fine print and figure out how long you have to sign up.

As a general rule of thumb, if you need a new bank account and the sign-up bonus is appealing, don’t delay.

Why can’t I find a bank promotion without direct deposit requirements?

Usually, you have to dig through a bank’s website to find bonuses, but we launched BankBonus.com to make it easy to find the best bank bonuses in one place.

If you’re struggling to find a promotion that you read about online, it’s possible that it expired or that the bank pulled it. It happens all the time.

Take some time to search through this site and sign up for our newsletter so you can get alerts when new bonuses drop.

Can I qualify for a bonus with credit card funding?

It depends. Some banks allow you to open a bank with a credit card, but many don’t. If you go this route, make sure that your credit card issuer flags the deposit as a purchase and not as a cash advance so you can avoid unnecessary fees.

Also, keep in mind that a lot of banks don’t accept American Express or Discover for credit card funding, so you’ll probably have better luck with a Visa or MasterCard.

Are bank bonuses taxable?

Yes, the money you earn from a new account bonus – regardless of whether it requires direct deposit or not – will be reported to the IRS and taxed as income. Keep this in mind when you’re figuring out your total return on any given offer.

Are Bank Promotions without Direct Deposit Requirements For You?

Choosing the right bank account is an important step in your personal finance journey.

While a bonus offer should never be the main reason you sign up for an account, it doesn’t hurt to take advantage of one of them if the bank meets your other criteria.

The key is finding an FDIC-insured bank account that works best for you. You might also want overdraft protection and the ability to earn cash back on your purchases.

If you are like the millions of others that don’t have direct deposit, don’t worry. You still have a ton of options.

Take some time to shop around and think about what’s most important. The right bank promotions without direct deposit are out there for you.

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