Bank Promotions Without Direct Deposit

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 – July 2022

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

  1. Citi: up to $1500 bonus
  2. Chase: $300 bonus
  3. Ally: up to $3000 bonus
  4. Tradestation: up to $150 bonus
  5. Axos: up to $200 bonus
  6. Aspiration: $200 bonus
  7. Huntington: $400 bonus
  8. Acorns: $1000 bonus
  9. Seacoast: $150 bonus
  10. U.S. Bank: $300 bonus
  11. OnPoint: $100 bonus
  12. Bank of America: $500 bonus
  13. Teachers Federal Credit Union: $100 bonus
  14. Tastyworks: up to $250 bonus
  15. Discover: up to $200 bonus
  16. Rockland Trust Bank: $300 bonus
  17. M&T: $300 bonus
  18. Newtown Savings Bank: $50 bonus
  19. BMI FCU: $200 bonus
  20. TD Bank: $200 bonus
  21. Alliant: $100 bonus
  22. Town Bank: $200 bonus
  23. Dyer: $200 bonus
  24. Wintrust Florida: $200 bonus
  25. Wintrust Bank: $200 bonus

Citi Logo1. Citi

Available nationwide with the ability to open online, Citi is offering up to a $1,500 cash bonus when you open a new Citi Priority Account.

This is a tiered bonus based on the amount you're able to deposit and maintain in your new account. $15,000 in new funds will earn you $300; $50,000 will earn you $700; or $200,000 will earn you the full $1,500.

Depending on when you deposit the cash (it needs to be there by the 20th day), the bonus represents an effective rate of roughly 5-11% on your savings. The $300 offer nets you the best effective rate, but every offer is significantly more than what you can find on most savings accounts. So if you have the cash, this is a great way to put it to work, risk-free.

Citi Priority Account - up to $1500 bonus

Expires: July 17, 2022

The Citi Priority Account sign up offer requires you to deposit and maintain a minimum balance in order to earn the $1500 bonus. Full requirements to receive this bonus are:

  1. Open a new Citi Priority Account using the link below.
  2. Within 20 days, deposit $15,000 into your new account to earn $300, $50,000 to earn $700, or $200,000 to earn $1,500.
  3. Maintain that balance for 60 days or more after the 21st day that the account was opened.
  4. Bonus will be credited to your open, eligible account within 90 calendar days after completing the requirements.

read the full terms

Chase Business Complete Banking℠ Logo2. Chase Bank

Chase Bank is offering business owners a $300 bonus to open a new Chase Business Complete Banking℠ account.

The requirements are pretty easy to meet: deposit $2,000 and maintain it for 2 months, and complete just 5 qualifying transactions in the first 3 months. Several activities count as "qualifying transactions", including purchases on your debit card, deposits into the account, setting up a bill payment, and more. See the fine print for the full list, but needless to say, meeting that requirement should be painless.

What's especially awesome about this bonus compared to other business checking account offers is that Chase recently launched the ability for customers to open an account online. Compared to the vast majority of business checking accounts which require you to visit your local branch, opening an account at Chase is significantly more convenient.

If you prefer live help, however, you can still enroll in this offer by entering your email address on the bonus landing page to have an offer code sent to you. Just be sure to take that code with you when you visit a branch.

Chase Business Complete Banking℠ - $300 bonus

Expires: July 21, 2022

The Chase Business Complete Banking℠ sign up offer requires you to deposit and maintain a minimum balance, and optionally, make purchases using the account's card in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a new Chase Business Complete Banking℠ account using the link below.
  2. Within 30 days, deposit at least $2,000 and maintain that balance for 60 days.
  3. Within 90 days of account opening, complete 5 qualifying transactions: debit card purchases, Chase QuickAccept℠ deposits, Chase QuickDeposit℠, ACH credits, wires (credits and debits), and/or bill pay.
  4. Bonus will be credited to your account within 15 days of meeting the requirements.

read the full terms

Ally Bank Logo3. Ally Bank

Ally Invest is offering new investors up to $3,000 in bonus cash when you open and fund a new self-directed investing account. You'll need at least $10,000 to earn the first tier bonus ($100), up to $2M to earn the full $3k.

On transfer over $2,500, Ally will also cover any transfer fees your current brokerage might charge, up to $75.

Here are the tiers of this investing bonus:

New Money Added Bonus Amount
$10,000-$24,999 $100
$25,000-$99,999 $250
$100,000-$249,999 $300
$250,000-$499,999 $600
$500,000-$999,999 $1,200
$1,000,000-$1,999,999 $2,000
$2,000,000+ $3,000

Ally Invest - up to $3000 bonus

Expires: September 30, 2022

The Ally Invest sign up offer requires you to deposit and maintain a minimum balance in order to earn the $3000 bonus. Full requirements to receive this bonus are:

  1. Open a new self-directed Ally Invest account using the link below.
  2. Within 60 days, deposit $10K to earn $100; $25K to earn $250; $100k to earn $300; $250K to earn $600; $500K to earn $1,200; $1M to earn $2k; or $2M to earn $3,000.
  3. Maintain that balance (including the bonus) for 300 days.
  4. Accounts will be reviewed 60 days after opening, and corresponding bonus will be credited to the account within 10 business days.

read the full terms

Tradestation Logo4. Tradestation

Available nationwide with the ability to open online, Tradestation is offering new customers a $150 cash bonus when you open a new securities investment account or $150 in Bitcoin when you open a new crypto trading account.

Securities or Crypto Account - up to $150 bonus

Expires: Limited Time

The Securities or Crypto Account sign up 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 account with promo code TSTVAFYB.
  2. To earn $150 in Bitcoin, purchase or deposit at least $500 of supported cryptocurrency assets within 45 calendar days of account enrollment.
  3. To earn $150 cash, deposit at least $500 into your account within 45 calendar days of account enrollment.
  4. Maintain balance through the end of the next full month following the account funding date to earn the first $75 bonus.
  5. Maintain balance through the end of the second full month following the account funding date to earn the second $75 bonus.

read the full terms

Axos Bank Logo5. Axos Bank

Available nationwide with the ability to open online, Axos is offering a $200 welcome bonus when you open a new Business Interest Checking account and maintain a minimum balance. This is double their previous offer so now might be a good time to jump on it!

It's important to note that only new businesses (those incorporated after 06/01/2020) are eligible for $200 and must use promo code NEWBIZ200. If your business is older than that, you'll only be eligible for a $100 bonus and must use promocode NEWAXOSBIZ.

Business Interest Checking - up to $200 bonus

Expires: September 30, 2022

The Business Interest Checking sign up 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 Business Interest Checking account from Axos Bank using promo code NEWBIZ200 (or NEWAXOSBIZ for older companies).
  2. In the first two months after account opening, maintain an average daily balance of at least $2,500.
  3. Bonus will be deposited into your new account within 5 business days of your statement cycle date.

read the full terms

Aspiration Logo6. Aspiration

Aspiration is offering a $200 bonus when you open one of their Aspiration Plus accounts and then spend at least $1,000 using your debit card.

The Plus account comes with some extra perks – including higher cash back and higher interest on your savings – but if you're looking for a free account to try first, they're also offering a $150 bonus for opening a basic Aspiration account (with the same requirements). With that account, you pay what you think is fair, even if it's $0.

Aspiration Plus - $200 bonus

Expires: Limited Time

The Aspiration Plus sign up 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 an Aspiration Plus account using the link below.
  2. Fund the account with at least $10.
  3. Within 60 days, make at least $1,000 in cumulative debit card purchases.
  4. The bonus will post to your account within 120 calendar days from account opening.

read the full terms

Huntington National Bank Logo7. Huntington National Bank

Huntington is offering a welcome bonus to those opening new business checking accounts. This one offers $400 for a $5,000 deposit. They're also running $100 and $1000 offers for $2,000 and $20,000 deposits, respectively.

While the account needs to remain open for 6 months to avoid forfeiting the offer, you will get the bonus within 2 weeks of meeting the requirement which is pretty great!

Unlimited Business Checking - $400 bonus

Expires: July 7, 2022

The Unlimited Business Checking sign up offer requires you to deposit and maintain a minimum balance in order to earn the $400 bonus. Full requirements to receive this bonus are:

  1. Open a new Unlimited Business Checking account using the link below.
  2. Within 60 days, make deposits totaling $5,000.
  3. Keep the account open for at least 90 days.
  4. Bonus will be deposited to your new account within 14 days of meeting the requirements.

read the full terms

Acorns Logo8. Acorns

Every week, Acorns reintroduces its referral bonus, which gives you cash for referring friends to the FinTech. This week, Acorns is again offering a $1,000 bonus when you refer 4 friends who open a new Invest account and make their first investment. This is one of the highest we've seen!

You don't need to already have an Acorns account to qualify, either.

Just sign up for one using the link below, and you'll have instant access to your unique referral link, which you can then pass along to your friends. In your account, you'll be able to see the number of pending and successful referrals so that you can keep track of your progress to the bonus.

This offer will also automatically stack with their regular $5 referral bonus, for additional earnings.

Acorns Invest [Referral Program] - $1000 bonus

Expires: July 9, 2022

The Acorns Invest [Referral Program] sign up offer requires you to complete the following in order to earn the $1000 bonus. Full requirements to receive this bonus are:

  1. If you do not already have an Acorns Invest account, create one using the link below.
  2. Refer 4 friends using your personal referral link during the promo period, and ensure they make their first investment during this time.
  3. Bonus will be deposited within 14 days of promotional period ending.

read the full terms

Seacoast Bank Logo9. Seacoast Bank

If you live in Florida, Seacoast Bank is offering an easy welcome bonus for new Seacoast Savings customers. The account does come with a monthly fee, but meeting the requirements for this bonus will waive it.

You can also earn another $250 on top of this bonus for opening a Seacoast Premium Checking account – $400 total!

Seacoast Savings - $150 bonus

Expires: July 22, 2022

The Seacoast Savings sign up 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 Seacoast Savings account using the promo code DM400.
  2. Within 10 business days, deposit $15,000 in new money and maintain that balance for 90 days.
  3. Bonus will be credited within 95 days of account opening.

read the full terms

U.S. Bank Logo10. U.S. Bank

Available nationwide if you already have a relationship with U.S. Bank or in any of the 26 states in which they operate in if you don't, U.S. Bank is offering a $300 welcome bonus when you open a new business checking account and deposit new money. The minimum deposit requirement has nearly halved since the last time it was offered. You can open the account online; however, you must use the promo code when applying to receive the bonus.

Business Checking - $300 bonus

Expires: July 29, 2022

The Business Checking sign up offer requires you to deposit and maintain a minimum balance in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a new U.S. Bank Silver, Gold or Platinum Business Checking Account with the promo code 'Q2BUS22'.
  2. Within 30 days, deposit $3,000 in new money and maintain that balance for 60 days.
  3. Within 60 days, Enroll in the U.S. Bank Mobile App or U.S. Bank Online Banking.
  4. Within 60 days, make five qualifying transactions Debit card purchases, Merchant deposits, ACH credits, Wires credits/debits, Mobile Check Deposit or Bill Pay) .
  5. Bonus will be deposited into your new U.S. Bank business checking account within 45 days of deposit verification, as long as the account is open and has a positive balance.

read the full terms

OnPoint Community Credit Union Logo11. OnPoint Community Credit Union

OnPoint Community Credit Union is offering an easy bonus for new members who open a business checking account. Just set up a $500 direct deposit within the first two months and receive $100.

The only downside is that this offer is specific to the Fred Meyer locations, but if you're nearby, definitely check it out.

Business Checking - $100 bonus

Expires: July 30, 2022

The Business Checking sign up offer requires you to complete the following in order to earn the $100 bonus. Full requirements to receive this bonus are:

  1. Open a new business checking account.
  2. Within 60 days, receive deposits totaling $500.
  3. Bonus will be credited to your new account approximately 60 days after account opening.

read the full terms

Bank of America Logo12. Bank of America

Bank of America is offering a $500 welcome bonus when you open a new business checking account and maintain a minimum balance. What's even more? You can stack this offer with an eligible small business credit card for an extra $300 bonus to earn a total of $800.

Business Checking - $500 bonus

Expires: July 31, 2022

The Business Checking sign up 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 Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account.
  2. Within 30 days, make qualifying deposits of $20,000 or more in new money.
  3. From day 31- day 90, maintain an average balance of $20,000.
  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

13. Teachers Federal Credit Union

Teachers Federal Credit Union is offering students a $100 welcome bonus when you join and open a new personal checking account. The only requirement to spend $500 within 90 days. Don't go crazy buying things you don't need, but if you have the spend, this is an easy bonus.

Student Checking - $100 bonus

Expires: July 31, 2022

The Student Checking sign up offer requires you to make purchases using the account's card in order to earn the $100 bonus. Full requirements to receive this bonus are:

  1. Join Teachers Federal Credit Union and open a new checking account with promo code "STUDENT22".
  2. Within 60 days, spend $500 in debit card purchases, earn $100.

read the full terms

Tastyworks Logo14. Tastyworks

Tastyworks is offering new customers up to $250 in stocks when you open a new non-IRA brokerage account and fund the account with at least $2,000. Specifically, they state that five shares of a single stock will be randomly selected by tastyworks from a list of stocks priced between $40 and $50 USD, putting the total value ranging between $200 and $250.

They recently offered a $200 - $500 cash bonus, so this feels like a bit of a let down; however, if you don't want to roll the dice in September when this current promotion ends, it's still a solid deal to act on now.

Existing customers are eligible as well, but only if they haven't previously funded their account.

This welcome bonus is in addition to other account perks, like reduced fees when you make larger trades.

Investment Account - up to $250 bonus

Expires: August 31, 2022

The Investment Account sign up offer requires you to deposit and maintain a minimum balance in order to earn the $250 bonus. Full requirements to receive this bonus are:

  1. Open a new Tastyworks brokerage account using promocode "STOCK_AWARD_2022". (IRA and Trust accounts are not eligible)
  2. Make initial funding deposits totaling $2,000 or more.
  3. The Stock Bonus will be posted approximately 1 week from the time the initial deposits have settled.

read the full terms

Discover Bank Logo15. Discover Bank

Discover – one of our top picks for online banks – is currently offering up to $200 for opening a new Online Savings account. You'll need to deposit $25,000 to earn the full amount, but $15,000 only results in a loss of $50.

One perk to this bonus is that Discover doesn't have a requirement for how long you need to keep the cash in the account, so you can deposit and withdraw immediately. Doesn't get much easier than that!

Online Savings Account - up to $200 bonus

Expires: September 15, 2022

The Online Savings Account sign up 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 Discover Online Savings Account using promo code "GOBP622" at the link below.
  2. Within 30 days, deposit $15,000 to earn $150 or $25,000 to earn $200.
  3. Bonus will be credited to your account within 30 days of qualifying for the bonus.

read the full terms

16. Rockland Trust Bank

Rockland Trust is offering small business owners an easy $300 for opening either a Free Business Checking or a Complete Business Checking account. You just have to fund the account with $1,000. This is an awesome bonus if you live in MA.

The requirements say that you need to open the account in-branch to qualify, but due to COVID, many are reporting that they're waiving this requirement. That makes this offer even more attractive!

Business Checking - $300 bonus

Expires: September 30, 2022

The Business Checking sign up offer requires you to deposit and maintain a minimum balance in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a new business checking account at one of the Shrewsbury or Worcester branches.
  2. Fund the account with $1,000 in new money.
  3. Bonus will be deposited to your account by September 30, 2022.

read the full terms

M&T Bank Logo17. M&T Bank

M&T is offering $300 to new Tailored Business Checking customers. You'll need to deposit $5,000 and maintain that 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 $600.

M&T Tailored Business Checking - $300 bonus

Expires: September 30, 2022

The M&T Tailored Business Checking sign up offer requires you to deposit and maintain a minimum balance in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a Tailored Business Checking account using the link below.
  2. For the third full calendar month following account opening, maintain an average balance of $5,000 to earn $300.
  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

18. Newtown Savings Bank

If you're located in Connecticut, Newton Savings Bank is offering an easy $50 welcome bonus for opening a new Statement Savings account.

The bonus requires you to deposit $300 and maintain that balance through November 2022.

Keep in mind that to be eligible for this savings bonus, you'll also need to be a new checking customer as well. They're offering $250 or $150 (depending on which account you choose) to open either a Flagship Checking or Free Checking account.

Statement Savings - $50 bonus

Expires: September 30, 2022

The Statement Savings sign up offer requires you to deposit and maintain a minimum balance in order to earn the $50 bonus. Full requirements to receive this bonus are:

  1. Open a new Statement Savings account using the promo code SUMMER22.
  2. Deposit $300 and maintain that balance through November 29, 2022.
  3. Bonus will be credited to your new account by November 29, 2022.

read the full terms

BMI Federal Credit Union Logo19. BMI Federal Credit Union

BMI Federal Credit Union has upped the ante since it last issued a checking bonus. BMI 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.

Free Checking Account - $200 bonus

Expires: September 30, 2022

The Free Checking Account sign up 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 NEWCHK22 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

TD Bank Logo20. TD Bank

TD Bank is offering a $200 welcome bonus if you open a new savings account by March 31st, 2022. It works out to effectively be an interest rate of about 4% — significantly better than any savings account rates these days.

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.

If you're eligible, we definitely recommend claiming this easy bonus.

Personal Savings Account - $200 bonus

Expires: October 31, 2022

The Personal Savings Account sign up 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 credited to your new account no later than 140 days from the account opening.

read the full terms

Alliant Credit Union Logo21. Alliant Credit Union

Alliant Credit Union has partnered with Suze Orman to encourage people to make saving a priority. To that end, they've launched “The Ultimate Opportunity Savings Account” promotion, where you can earn a $100 welcome bonus by opening a new savings account and making the commitment to deposit $100 each month.

Keep in mind that these deposits don't need to be made via direct deposit, as is common with many bank bonuses. Instead, regular transfers each month will work.

The first transfer will need to be made within 30 days of opening the account, and while it does take a full 12 months to satisfy the requirements, the ROI on your cash is impressive.

This is a nationwide bonus from one of the best credit unions, so definitely check it out!

Ultimate Opportunity Savings Account - $100 bonus

Expires: December 31, 2022

The Ultimate Opportunity Savings Account sign up offer requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:

  1. Open a new Ultimate Opportunity Savings Account using the link below.
  2. For 12 consecutive months, deposit $100 each month.

read the full terms

Town Bank Logo22. Town Bank

Back for 2022, Town Bank, a Wintrust Community Bank, is offering $200 when you open a new Total Savings account and deposit $15,000 in new money, which represents about a 4% effective interest rate on your savings.

You can also pair this with their Total Access Checking welcome bonus, to put a total of $500 in your pocket.

Statement Savings - $200 bonus

Expires: December 31, 2022

The Statement Savings sign up 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 Statement Savings account using the link below.
  2. Within the same month of account opening, deposit $15,000 in new money.
  3. Maintain the $15,000 balance for the three months after the initial month the account is opened.
  4. Bonus will post to your new account within 30 days after the qualification period.

read the full terms

Dyer Bank & Trust Logo23. Dyer Bank & Trust

Back for 2022, Town Bank, a Wintrust Community Bank, is offering $200 when you open a new Total Savings account and deposit $15,000 in new money, which represents about a 4% effective interest rate on your savings.

You can also pair this with their Total Access Checking welcome bonus, to put a total of $500 in your pocket.

Statement Savings - $200 bonus

Expires: December 31, 2022

The Statement Savings sign up 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 Statement Savings account using the link below.
  2. Within the same month of account opening, deposit $15,000 in new money.
  3. Maintain the $15,000 balance for the three months after the initial month the account is opened.
  4. Bonus will post to your new account within 30 days after the qualification period.

read the full terms

Wintrust Florida Logo24. Wintrust Florida

Town Bank, a Wintrust Community Bank, is offering $200 when you open a new Total Savings account and deposit $15,000 in new money, which represents about a 4% effective interest rate on your savings.

You can also pair this with their Total Access Checking welcome bonus, to put a total of $500 in your pocket.

Statement Savings - $200 bonus

Expires: December 31, 2022

The Statement Savings sign up 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 Statement Savings account using the link below.
  2. Within the same month of account opening, deposit $15,000 in new money.
  3. Maintain the $15,000 balance for the three months after the initial month the account is opened.
  4. Bonus will post to your new account within 30 days after the qualification period.

read the full terms

Wintrust Bank Logo25. Wintrust Bank

Town Bank, a Wintrust Community Bank, is offering $200 when you open a new Total Savings account and deposit $15,000 in new money, which represents about a 4% effective interest rate on your savings.

You can also pair this with their Total Access Checking welcome bonus, to put a total of $500 in your pocket.

Statement Savings - $200 bonus

Expires: December 31, 2022

The Statement Savings sign up 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 Statement Savings account using the link below.
  2. Within the same month of account opening, deposit $15,000 in new money.
  3. Maintain the $15,000 balance for the three months after the initial month the account is opened.
  4. Bonus will post to your new account within 30 days after the qualification period.

read the full terms

Want to see even more new account offers?

All current bank bonuses

Direct Deposit Requirement: What Counts?

While the above list only include bank bonuses without a direct deposit requirement, you may be surprised to learn that other bank offers which 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.

But 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.

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  • Why banks run these deals and how they make money
  • How to meet the requirements
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…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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Bank Promotions Without Direct Deposit FAQs

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, 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.