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.

In This Article

Best Bank Bonuses Without Direct Deposit Requirements – January 2022

Here are the 24 current best bank bonuses that don’t require a direct deposit:

  1. Citi: up to $1500 bonus
  2. Acorns: $600 bonus
  3. Chase: $300 bonus
  4. Aspiration: $200 bonus
  5. NorthOne: $10 bonus
  6. Huntington: $1000 bonus
  7. M1: up to $500 bonus
  8. TD Bank: $200 bonus
  9. Discover: up to $200 bonus
  10. Tradestation: up to $150 bonus
  11. Alliant: $100 bonus
  12. E*TRADE Bank: up to $3500 bonus
  13. Ally: up to $3000 bonus
  14. Flushing Bank: up to $1500 bonus
  15. Charles Schwab: up to $1000 bonus
  16. Bank of America: up to $1000 bonus
  17. S&T Bank: up to $600 bonus
  18. Comerica: $500 bonus
  19. Tastyworks: up to $500 bonus
  20. PNC: $500 bonus
  21. BMO Harris: $500 bonus
  22. Sterling National Bank: up to $500 bonus
  23. Santander Bank: $450 bonus
  24. Addition Financial: up to $400 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 - $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

Acorns Logo2. Acorns

Available nationwide, Acorns is offering a $600 bonus when you refer 3 friends who open a new Invest account and make their first deposit.

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 $600 bonus.

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

Acorns Invest [Refer 3 Friends] - $600 bonus

Expires: January 22, 2022

The Acorns Invest [Refer 3 Friends] sign up offer requires you to complete the following in order to earn the $600 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 3 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 7 days of promotional period ending.

read the full terms

Apply now to earn the $600 bonus

Chase Bank Logo3. 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: April 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

Apply now to earn the $300 bonus

Aspiration Logo4. 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

Apply now to earn the $200 bonus

NorthOne Logo5. 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: 1-month 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 month's fee will be waived.

Business Banking - $10 bonus

Expires: April 22, 2022

The Business Banking sign up offer requires you to complete the following in order to earn the $10 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 month's fee will be waived.

read the full terms

Apply now to earn the $10 bonus

Huntington National Bank Logo6. Huntington National Bank

Huntington is offering a welcome bonus to those opening new business checking accounts. This one offers an impressive $1,000 bonus for a $20,000 deposit, which is up from the $750 cash they gave previously.

Keep in mind the deposits do not need to be direct deposits – just new cash into the account.

Don't have $20k? They're also running a $100 offer and a $400 offer for $2,000 and $5,000 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 Plus Business Checking - $1000 bonus

Expires: March 7, 2022

The Unlimited Plus Business Checking sign up 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 Unlimited Plus Business Checking account using the link below.
  2. Within 60 days, make deposits totaling $20,000.
  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

Apply now to earn the $1000 bonus

M1 Finance Logo7. M1 Finance

Available nationwide with the ability to open online, and back for 2022, M1 Finance is offering up to a $500 welcome bonus when you open a new investment account and make an initial deposit. This is a tiered bonus, the more you deposit, the more you can earn. What's more? You can stack this offer with the M1 Transfer (ACATS) $2,500 Bonus.

M1 Invest - $500 bonus

Expires: March 31, 2022

The M1 Invest 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 M1 Invest account.
  2. Within 14 days, make cumulative initial deposits totaling at least $1,000.
  3. Maintain that balance until the August 1st, 2022 payout day to earn your bonus, as follows: $1,000-$4,999 earn $30; $5,000-$9,999 earn $75; $10,000-$29,999 earn $150; $30,000-$49,999 earn $300; $50,000+ earn $500.

read the full terms

Apply now to earn the $500 bonus

TD Bank Logo8. 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: March 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

Apply now to earn the $200 bonus

Discover Bank Logo9. 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 - $200 bonus

Expires: March 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 "OB122" 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

Apply now to earn the $200 bonus

Tradestation Logo10. 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.

What's more? You can stack this offer with their earn up to $5,000 promotion after your account is opened.

Securities or Crypto Account - $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

Apply now to earn the $150 bonus

Alliant Credit Union Logo11. 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

Apply now to earn the $100 bonus

E*TRADE Bank Logo12. E*TRADE Bank

Back for 2022, with an increased payout, E*Trade is offering new investors up to $3,500 in bonus cash when you open and fund a new investing account. You'll need at least $10,000 to earn the first tier bonus ($50) and up to $1.5M to earn the full $3,500.

Brokerage Account - $3500 bonus

Expires: March 1, 2022

The Brokerage Account sign up offer requires you to deposit and maintain a minimum balance in order to earn the $3500 bonus. Full requirements to receive this bonus are:

  1. Open a new eligible E*TRADE brokerage or retirement account using promo code REWARD22.
  2. Within 60 days, fund your new account with new money.
  3. To receive the $50 Bonus, deposit $10,000-$19,999; To receive the $100 Bonus, deposit $20,000-$49,999; To receive the $200 Bonus, deposit $50,000-$99,999; To receive the $300 Bonus, deposit $100,000-$199,999; To receive the $600 Bonus, deposit $200,000-$499,999; To receive the $1,200 Bonus, deposit $500,000-$999,999; To receive the $2,500 Bonus, deposit $1,000,000-$1,499,999; To receive the $3,500 Bonus, deposit $1,500,999 or more.
  4. Bonus will be paid within 7 business days following the 60 days period.

read the full terms

Apply now to earn the $3500 bonus

Ally Bank Logo13. 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.

Ally will also cover any transfer fees your current brokerage might charge, up to $150.

Ally Invest - $3000 bonus

Expires: June 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

Apply now to earn the $3000 bonus

Flushing Bank Logo14. Flushing Bank

If you have the cash and live within the Flushing Bank footprint, you can earn up to $1,500 for opening a new business checking account. This is a tiered offer, requiring at least $15,000 maintained for 90 days to earn $200. But you'll need $250,000 to earn the full $1,500.

The bank is also offering a $200 bonus for opening the same accounts, but with debit card and bill pay requirements. So if this one doesn't make sense for you, check out their other offers!

Business Checking Account - $1500 bonus

Expires: Limited Time

The Business Checking 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 business checking account in-branch.
  2. Over the next 90 days, maintain an average balance of $15,000 to earn $200, $25,000 to earn $350, $75,000 to earn $600, $150,000 to earn $1,000, or $250,000 to earn the full $1,500.
  3. Bonus will be given in the form of a mailed Visa gift card within 30 days of meeting the requirements.

read the full terms

Apply now to earn the $1500 bonus

Charles Schwab Logo15. Charles Schwab

If you're not currently a Schwab customer, you can open any investment account and earn a referral bonus based on your net deposit within 45 days. This includes retail brokerage accounts, individual retirement accounts, or the managed portfolios like Schwab Intelligent Portfolios®.

Keep in mind that the link above is only for details – you will need to open the account through a referral link from an existing Schwab customer in order to qualify for the promo.

This is a tiered bonus, the more you deposit, the more you can earn.

  • Tier 1 | Balance Maintained: $25,000 - $49,999: $100 Bonus
  • Tier 2 | Balance Maintained: $50,000 - $99,999: $300 Bonus
  • Tier 3 | Balance Maintained: $100,000 - $499,999: $500 Bonus
  • Tier 4 | Balance Maintained: $500,000+: $1,000 Bonus

Schwab One® - $1000 bonus

Expires: Limited Time

The Schwab One® sign up offer requires you to deposit and maintain a minimum balance and use a referral link in order to earn the $1000 bonus. Full requirements to receive this bonus are:

  1. Open a new account using a referral link from an existing member.
  2. Within 45 days, make a qualifying net deposit between $25,000 - $500,000+ in cash or securities, earning the reward that correlates with that tier ($100-$1,000).
  3. The net deposit amount at the end of 45 day period will be used to calculate your bonus tier.
  4. Bonus will be paid into your account about a week after the 45-day period.

read the full terms

Apply now to earn the $1000 bonus

Bank of America Logo16. Bank of America

Available nationwide with the ability to open online, Bank of America's Merrill Edge is offering up to a $1000 welcome bonus when you open a new Merrill Edge Self-Directed account and make an initial deposit.

The standard promotion is $600; however, BOA Preferred Rewards members get a boost as outlined in the requirements below.

Merrill Edge Self-Directed - $1000 bonus

Expires: Limited Time

The Merrill Edge Self-Directed sign up 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 Self-Directed Trading account from Merrill Edge using promo code "1000PR".
  2. Within 45 days, fund your account with new money from outside Bank of America. To earn a $100 bonus, deposit $20,000-$49,999; To earn a $200 bonus, deposit $49,999-$99,999; To earn a $400 bonus, deposit $100,000-$199,999; To earn a $1000 bonus, deposit $250,000 or more.
  3. Maintain that balance for at least 90 days.
  4. Be enrolled in Preferred Rewards as of 90 days from meeting the funding criteria.
  5. Bonus will be deposited within two weeks following the end of the 90 day period.

read the full terms

Apply now to earn the $1000 bonus

S&T Bank Logo17. S&T Bank

S&T Bank is offering new business checking customers up to $600.

The bonus breaks down as $300 for opening a Basic Business Checking account and funding it with $1,000, 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, but if you can't or don't want to open the processing account, you can opt for just the $300.

Basic Business Checking - $600 bonus

Expires: March 31, 2022

The Basic Business Checking sign up offer requires you to deposit and maintain a minimum balance in order to earn the $600 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 maintain this balance through 05 2, 2022.
  3. Apply, receive and activate a debit card to earn $300.
  4. To earn an additional $300, also open a new S&T payment processing account through Elavon and accept payments by March 31.
  5. Bonuses will be credited to your account on May 12, 2022.

read the full terms

Apply now to earn the $600 bonus

Comerica Bank Logo18. Comerica Bank

Comerica Bank is offering $500 to new Comerica Platinum Circle Checking customers. To earn the bonus, you'll need a big chunk of cash, however: $50,000.

Fortunately, it doesn't all need to sit in your new checking account. Instead, Comerica will count deposits to your money market, CD, IRA, or business checking accounts as well, as long as they're made within 30 days of opening your new checking account.

This represents an effective rate of about 4% on your savings – so, not the best return we've seen from bonuses, but still significantly better than most basic savings accounts.

Platinum Circle Checking® - $500 bonus

Expires: Limited Time

The Platinum Circle 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 Comerica Platinum Circle Checking account using the link below.
  2. Within 30 days, deposit $50,000 cumulative across all eligible accounts and maintain that balance for 90 days.
  3. Bonus will be credited to your account within 30 days of meeting the requirements.

read the full terms

Apply now to earn the $500 bonus

Tastyworks Logo19. Tastyworks

Tastyworks is offering new customers up to $500 cash when you open a new non-IRA brokerage account and fund the account with at least $2,000.

Keep in mind that this is a tiered bonus. You'll need at least $2,000 to earn $200, up to the full $500 bonus for depositing at least $10,000.

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

Investment Account - $500 bonus

Expires: February 28, 2022

The Investment Account 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. Be a new Tastyworks customer.
  2. Open a new brokerage account using promocode "OPEN_NOW_2022". (IRA and Trust accounts are not eligible)
  3. Make initial funding deposits totaling $2,000 or more to earn $200; $10,000+ to earn $500.
  4. Bonus will be posted approximately 1 week from the time the initial deposits have settled.

read the full terms

Apply now to earn the $500 bonus

PNC Bank Logo20. PNC Bank

Back for 2022, PNC is running a couple of welcome bonus offers targeting business owners. For this one, you'll need to open either a Treasury Enterprise Plan or Analysis Business Checking account and then meet balance requirements.

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

If you're a small business owner with smaller balance or transaction volume, PNC is also running a $200 bonus for their small business checking accounts, so check those out, too!

Enterprise Checking Account - $500 bonus

Expires: March 31, 2022

The Enterprise Checking Account 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 Treasury Enterprise Plan or Analysis Business Checking account.
  2. For 3 statement cycles, maintain a $30,000 balance.
  3. Bonus will be deposited within 90 days of meeting the requirements.

read the full terms

Apply now to earn the $500 bonus

BMO Harris Bank Logo21. BMO Harris Bank

BMO Harris is offering a $500 welcome bonus to new business checking account customers. New to this bonus is the ability to open online with an instant decision. The requirements are easy to meet and a solid return for their deposit requirements.

If you don't have $5,000 to deposit, check out the $200 welcome offer they're also running for opening a Premium Business Checking account instead.

Elite Business Checking - $500 bonus

Expires: January 31, 2022

The Elite Business Checking sign up 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 $500 bonus. Full requirements to receive this bonus are:

  1. Use the link below to apply online with the promo code already attached or to receive a promo code by email to open in-branch.
  2. Open a new Elite Business Checking account.
  3. Within 30 days, deposit $5,000 and maintain that balance for 90 days.
  4. Within 90 days of account opening, make 10 electronic transactions (debit card purchases, ACH credits or debits, online bill pays, mobile deposits, or wire transfers).

read the full terms

Apply now to earn the $500 bonus

22. Sterling National Bank

Sterling National Bank is offering new and existing clients up to $500 to signup for their Power Business Banking Checking account. The bonus is earned in $100 increments each statement cycle you maintain Elite Level status ($250,000 balance or higher).

This is an easy bonus if you have the cash. One note: you'll need to open the account in a branch.

Power Business Banking Checking - $500 bonus

Expires: Limited Time

The Power Business Banking 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 Power Business Banking Checking account.
  2. Maintain Elite Level requirements by maintaining $250,000 across all eligible accounts.
  3. Bonus will be earned in $100 increments each month that the Elite Level status is earned, for a total possible payout of $500.

read the full terms

Apply now to earn the $500 bonus

Santander Bank Logo23. Santander Bank

Back for 2022, Santander Bank is again offering new business checking account customers $450 for opening a new Business Checking or Business Checking Plus account.

This time around, however, the balance requirement has increased quite a bit: from the previous $3,500 to the now $10,000. The reward, unfortunately, stayed the same. So, you'll want to enroll in their $500 business checking bonus instead, for as long as that one is live.

Like before, the balance requirement is based on an average daily balance. That means you don't necessarily need to deposit $10,000 on day one, but the longer you wait to make a deposit, the higher the deposit needs to be in order to average out. They provide more details in the fine print!

Keep in mind that, like most business accounts, you'll need to go in-branch to open. Be sure to mention the promo BUS450Q421 to enroll in the offer.

Business Checking - $450 bonus

Expires: January 28, 2022

The Business Checking sign up offer requires you to deposit and maintain a minimum balance in order to earn the $450 bonus. Full requirements to receive this bonus are:

  1. Open a new Business Checking or Business Checking Plus account using the promo code BUS450Q421.
  2. Deposit $10,000 and maintain that balance for 90 days.
  3. Keep your account open for at least 90 days.
  4. Bonus will be paid within 30 days of the meeting the requirements.

read the full terms

Apply now to earn the $450 bonus

Addition Financial Credit Union Logo24. Addition Financial Credit Union

Addition Financial wants to help children learn to save by rewarding them when they do. The credit union is offering cash back in the form of "Fun Bucks" each quarter that the child deposits at least $10. The catch, however, is that you'll forfeit these Fun Bucks by making any withdrawals, except during the full calendar year when the youth member is 12, 15 or 18 years old.

Fun Bucks Savings - $400 bonus

Expires: Limited Time

The Fun Bucks Savings 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 regular youth savings account in-branch.
  2. Establish a Fun Savings account.
  3. Each quarter, deposit at least $10 to earn 1% APY cash back, up to $100.
  4. The bonus – or "Fun Bucks" – will automatically post to the Fun Bucks account on the last day of each quarter.

read the full terms

Apply now to earn the $400 bonus

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
  • 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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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.