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 2023
Here are the 25 current best bank bonuses that don’t require a direct deposit:
- Citi®: up to $2000 bonus
- J.P. Morgan: up to $700 bonus
- Axos: $250 bonus
- U.S. Bank: $500 bonus
- Upgrade: $200 bonus
- M1: up to $10000 bonus
- Live Oak: up to $300 bonus
- NorthOne: $30 bonus
- Found: $20 bonus
- Tradestation: up to $150 bonus
- Revolut: 3 free months bonus
- Alliant: $100 bonus
- Town Bank: $200 bonus
- Dyer: $200 bonus
- Wintrust Florida: $200 bonus
- Wintrust Bank: $200 bonus
- PNC: $200 bonus
- Truist: $300 bonus
- M&T: $300 bonus
- S&T Bank: up to $600 bonus
- Altra: $150 bonus
- BECU: $100 bonus
- American Airlines Federal Credit Union: $25 bonus
- Lake Forest Bank & Trust Company: $200 bonus
- Schaumburg Bank & Trust Company: $200 bonus
1. Citi®
Citi® is offering up to a $2,000 cash bonus when you open a new Citi Priority Account. Like most Citi promotions, this is a tiered offer based on the amount you're able to deposit and maintain in your new checking account.
Citi recently added a lower tier to this bonus, making it easier for more people to participate. However, some of the middle tier requirements have increased. All told, the bonus amount ranges from $200 for depositing $10,000, up to the full $2,000 for depositing $300,000.
Depending on when you deposit the cash (it needs to be there by the 20th day), the bonus represents an effective rate of roughly 4-11% on your savings. The $200 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.
It's important to note that this offer is available in most, but not all states.
Citi Priority Account - up to $2000 bonus
Expires: April 4, 2023
The Citi Priority Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $2000 bonus. Full requirements to receive this bonus are:
- Open a new Citi Priority Account using the link below.
- Within 20 days, deposit $10,000 into your new account to earn $200, $30,000 to earn $500, $75,000 to earn $1,000, $200,000 to earn $1,500 or $300,000+ to earn $2,000.
- Maintain that balance for 60 days or more after the 21st day that the account was opened.
- Bonus will be credited to your open, eligible account within 30 calendar days after completing the requirements.
Apply now to earn the $2000 bonus from Citi®
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2. 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 $10,000, 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 |
|---|---|
| $10,000-$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 13, 2023
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:
- Open a J.P. Morgan Self-Directed Investing account using the link below.
- Within 45 days, fund your account with qualifying new money; $10,000 - $24,999 = $50 bonus; $25,000 - $99,999 = $150 bonus; $100,000 - $249,999 = $325 bonus, $250,000 = $700 bonus.
- Your bonus amount will be determined on day 45.
- Maintain your new funds for 90 days (losses due to trading or market fluctuation will not be taken into account).
- Bonus will be received within 15 days.
- INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Apply now to earn the $700 bonus from J.P. Morgan
Learn More:
3. Axos Bank
Several of the large online and national banks are looking to round out their product offering and capitalize on consumers' fervent interest in self-directed stock buying.
To that end, Axos is ramping up their investment platform: Axos Self-Directed, which offers commission-free trades. This competes against banking competitors Chase, Charles Schwab, and the newest Citi® Self Invest, along with online brokerages like Robinhood.
Axos is offering a $250 welcome bonus for a limited time to new customers of their Self-Directed Trading or Managed Portfolio products. The minimum deposit amount is a little higher, but so is the bonus amount.
Self-Directed Trading - $250 bonus
Expires: March 31, 2023
The Self-Directed Trading signup offer requires you to deposit and maintain a minimum balance in order to earn the $250 bonus. Full requirements to receive this bonus are:
- Open a new Axos Self-Directed Trading or Managed Portfolio account.
- Within 60 days, fund your account with at least $2,000.
- SDT accounts will also need to make a minimum of 2 trades of at least $25 to qualify.
- Maintain a balance of at least $2,000 for 90 days.
- Bonus will be deposited within 10 days following the 90-day waiting period.
Apply now to earn the $250 bonus from Axos
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4. U.S. Bank
U.S. Bank is offering a $500 welcome bonus when you open and fund a new business checking account. To earn the $500 just deposit $3,000 in your new checking account and enroll in business online banking. This offer has increased since the last time it was offered, so now might be a great time to jump on it if you've been considering U.S. Bank for your business banking needs.
Keep in mind that this promotion is only available nationwide to customers who already have a relationship with U.S. Bank. If you don't, you'll need to live in one of the 26 states in which they operate: AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY
Business Checking - $500 bonus
Expires: April 23, 2023
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 $500 bonus. Full requirements to receive this bonus are:
- Open a new Silver, Gold or Platinum Business Checking Account from U.S. Bank (member FDIC) with the promo code Q1AFL23.
- Deposit $3,000 in new money and maintain that balance for 60 days of account account opening.
- Within 60 days of account opening, enroll in online banking.
- Bonus will be deposited into your new U.S. Bank business checking account within 45 days of meeting all requirements.
Apply now to earn the $500 bonus from U.S. Bank
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5. Upgrade
Upgrade is offering a $200 welcome bonus when you open a new Rewards Checking account and make 3 debit card transactions.
To qualify for this promotion, you'll first need to sign up for the Triple Cash Rewards Visa card, which is a blend of a credit card / line of credit. Then, you'll need to open a free Rewards Checking account. Finally, you'll need to make just 3 purchases using your new debit card.
What's more? The Triple Cash Rewards Visa card earns 3% on purchases in Home, Auto, and Health categories and 1% on all other purchases. There are no annual fees, no late fees, and no foreign transaction 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 - $200 bonus
Expires: Limited Time
The Rewards 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:
- Apply for an Triple Cash Rewards Visa Card using the link below.
- Within 60 days, open and fund a new Rewards Checking account.
- Within the same 60 days, make 3 purchases using your debit card.
- The bonus will post as a rewards credit to your account within 1-2 billing periods following the third debit transaction.
Apply now to earn the $200 bonus from Upgrade
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6. 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 $10,000 for making the switch. This is the largest bonus they've offered to date! 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:
- $50,000 – $249,999.99: $250
- $250,000 – $499,999.99: $1,000
- $500,000 – $999,999.99: $2,000
- $1,000,000 – $1,999,999.99: $4,000
- $2,000,000+: $10,000
What's more, if you're a new M1 Invest customer, you can stack this bonus with their new account bonus, which offers $75-$500.
M1 Invest [ACATS Transfer] - up to $10000 bonus
Expires: March 31, 2023
The M1 Invest [ACATS Transfer] signup offer requires you to deposit and maintain a minimum balance in order to earn the $10000 bonus. Full requirements to receive this bonus are:
- Open a new M1 Invest account that matches the account type you have at another brokerage.
- Within 60 days, submit a transfer request from your current brokerage(s). The size of your bonus will depend on the total account value: $50,000 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.
- Bonus will be credited to your account on December 5, 2023.
Apply now to earn the $10000 bonus from M1
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7. Live Oak Bank
Available nationwide, Live Oak Bank is offering up to a $300 welcome bonus when you open a new small business checking account and a small business savings account with qualifying activities. You get to choose whether you complete either the savings or checking account offer for $150 each or go for both in one swoop for the $300 total.
Business Checking + Savings Combo - up to $300 bonus
Expires: March 31, 2023
The Business Checking + Savings Combo signup 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:
- Open a new Live Oak Bank business checking account between 2/15/2023 and 3/31/2023.
- Within 90 days, deposit at least $2,000 into your new business checking account.
- Within same 90 day period, make 20 qualified transactions.
- Open a Live Oak business savings account between 2/15/23 and 3/31/2023.
- Deposit at least $10,000 into your account by 3/31/2023.
- Maintain a balance $10,000 or more for 90 days and watch your business savings grow with 3.50% APY.
- Bonus(es) will be deposited to your open, eligible account within 45 days of the 90-day activity period ending.
Apply now to earn the $300 bonus from Live Oak
Learn More:
8. 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:
- Sign up using our link below.
- Fund your account with any amount.
- Your first three monthly fees will be waived.
Apply now to earn the $30 bonus from NorthOne
Learn More:
9. 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:
- Open a new Found account using the link below.
- Within 30 days, complete $100 in spend with your new Found business debit Mastercard®.
Apply now to earn the $20 bonus from Found
Learn More:
10. 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 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:
- Open a new account with promo code TSTVAFYB.
- To earn $150 in Bitcoin, purchase or deposit at least $500 of supported cryptocurrency assets within 45 calendar days of account enrollment.
- To earn $150 cash, deposit at least $500 into your account within 45 calendar days of account enrollment.
- Maintain balance through the end of the next full month following the account funding date to earn the first $75 bonus.
- Maintain balance through the end of the second full month following the account funding date to earn the second $75 bonus.
Apply now to earn the $150 bonus from Tradestation
Learn More:
11. Revolut
Now available in the United States with the ability to open online, Revolut is offering 3 free months of Revolut Premium (a savings of nearly $30) 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? Once you signup you'll be eligible to refer friends. Recent referral promotions have gone as high as $100 each!
Standard Account - 3 free months bonus
Expires: Limited Time
The Standard Account signup offer requires you to make purchases using the account's card in order to earn the 3 free months bonus. Full requirements to receive this bonus are:
- Open a new Revolut account using the link below.
- Once you have provided your phone number, you will be directed to the sign up flow for a Revolut Personal account and will be offered the Plan Trial.
- 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.
Apply now to earn the 3 free months bonus from Revolut
Learn More:
12. Alliant Credit Union
For a limited time, Alliant Credit Union has launched a new promotion where you can earn a $100 welcome bonus by opening a new High-Rate Savings account and maintain a minimum balance. Luckily for our users, unlike many savings-related promotions, the minimum balance required isn't overly high at $1,000.
This is a nationwide bonus from one of the best credit unions, so definitely check it out!
High-Rate Savings - $100 bonus
Expires: March 26, 2023
The High-Rate Savings signup offer requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:
- Complete your online application for High-Rate Savings account before the deadline.
- By April 30, have a minimum daily balance of $1000.
- Maintain that minimum balance through May 31, 2023.
- Bonus will be delivered within four to six weeks.
Apply now to earn the $100 bonus from Alliant
Learn More:
13. Town Bank
Back for 2023, 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: March 31, 2023
The Statement 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:
- Open a new Statement Savings account using the link below.
- Within the same month of account opening, deposit $15,000 in new money.
- Maintain the $15,000 balance for the three months after the initial month the account is opened.
- Bonus will post to your new account within 30 days after the qualification period.
Apply now to earn the $200 bonus from Town Bank
Learn More:
14. Dyer Bank & Trust
Back for 2023, 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: March 31, 2023
The Statement 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:
- Open a new Statement Savings account using the link below.
- Within the same month of account opening, deposit $15,000 in new money.
- Maintain the $15,000 balance for the three months after the initial month the account is opened.
- Bonus will post to your new account within 30 days after the qualification period.
Apply now to earn the $200 bonus from Dyer
Learn More:
15. 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: March 31, 2023
The Statement 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:
- Open a new Statement Savings account using the link below.
- Within the same month of account opening, deposit $15,000 in new money.
- Maintain the $15,000 balance for the three months after the initial month the account is opened.
- Bonus will post to your new account within 30 days after the qualification period.
Apply now to earn the $200 bonus from Wintrust Florida
Learn More:
16. 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: March 31, 2023
The Statement 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:
- Open a new Statement Savings account using the link below.
- Within the same month of account opening, deposit $15,000 in new money.
- Maintain the $15,000 balance for the three months after the initial month the account is opened.
- Bonus will post to your new account within 30 days after the qualification period.
Apply now to earn the $200 bonus from Wintrust Bank
Learn More:
17. 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, 2023
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:
- Open a new Business Checking or Business Checking Plus account.
- For 3 statement cycles, maintain an average balance of $5,000.
- During those same statement cycles, make 20 debit card purchases.
- Bonus will be deposited within 90 days of meeting the requirements.
Apply now to earn the $200 bonus from PNC
Learn More:
18. Truist Bank
Truist Bank is offering small business owners one of the easiest business checking account bonuses we've seen to date: $300 for depositing $1,500 into your new account. (Well, you'll also have to enroll and sign-in to online banking, but we don't really consider that as much of a hurdle...). This is up from $200 when it was most recently offered.
The Truist Simple Business Checking account has no monthly fee and comes with 50 free transactions each month – in other words, it's perfect for a small business just starting out. If your company has surpassed these thresholds, Truist offers their Dynamic Business Checking account. That one comes with higher limits, but does have a small (and avoidable) maintenance fee.
Keep in mind that you'll have 30 days to complete both requirements, and that your new account will need to remain open for 6 months in order to avoid forfeiting the bonus.
Business Checking - $300 bonus
Expires: March 31, 2023
The Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $300 bonus. Full requirements to receive this bonus are:
- Open a new Truist business checking account using the promo code SB23Q1CHECKING.
- Within 30 days, deposit $1,500.
- During the same 30 days, enroll in online banking and log-in.
- Bonus will be credited to your new account within 4 weeks of meeting requirements.
Apply now to earn the $300 bonus from Truist
Learn More:
19. M&T Bank
M&T is offering $300 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 fee waiver offer, saving you $14.99 for up to 12 months! This brings the total combined bonus to $479.88.
M&T Tailored Business Checking - $300 bonus
Expires: March 31, 2023
The M&T Tailored Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $300 bonus. Full requirements to receive this bonus are:
- Open a Tailored Business Checking account using the link below.
- For the third full calendar month following account opening, maintain an average balance of $5,000 to earn $300.
- Bonus will be awarded within 45 days after the end of the third full calendar month after the account was opened.
Apply now to earn the $300 bonus from M&T
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20. S&T Bank
S&T Bank is offering new business checking customers up to $600 cash.
The bonus breaks down into two parts: $300 for opening a Basic Business Checking account and funding it with at least $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. Fortunately, if you can't or don't want to open the processing account, you're still eligible for the $300 account opening bonus.
Basic Business Checking - up to $600 bonus
Expires: March 31, 2023
The Basic Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $600 bonus. Full requirements to receive this bonus are:
- Open a new Basic Business Checking account using the link below.
- Within 5 days, deposit $1,000 and have an average daily balance of $1,000 on May 6, 2023.
- Apply, receive and activate a debit card to earn $300.
- To earn an additional $300, also open a new S&T payment processing account through Elavon and accept payments by Feb 6.
- Bonuses will be credited to your account on May 16, 2023.
Apply now to earn the $600 bonus from S&T Bank
Learn More:
21. Altra Federal Credit Union
If you live are a Rochester Public School District Employee or immediate family member w/employee badge or student and aren't already a member, check out this super easy bonus. Using the promo code provided, open a new A+ Checking or A+ Platinum Checking, then make 10 purchases using your new debit card. That's it!
Personal Checking - $150 bonus
Expires: March 31, 2023
The Personal Checking signup offer requires you to make purchases using the account's card in order to earn the $150 bonus. Full requirements to receive this bonus are:
- Open a new A+ Checking or A+ Platinum Checking using the promo code RPSD_A+150.
- Within 30 days, make ten debit card purchases.
- Bonus will be deposited into your new checking account within 30 business days of meeting the requirements.
Apply now to earn the $150 bonus from Altra
Learn More:
22. Boeing Employees Credit Union
BECU is offering new members $100 after they open a new checking and savings account. In addition to meeting their normal membership requirements, you'll also need to complete 10 debit card transactions. Previously you had the option to complete minimum balance requirements also to get the bonus.
Qualifying transactions don't necessarily need to be purchases, however. Instead, ATM withdrawals and electronic checks count too (see the fine print for the full list!).
Checking and Savings Account - $100 bonus
Expires: March 31, 2023
The Checking and Savings Account signup offer requires you to optionally, make purchases using the account's card in order to earn the $100 bonus. Full requirements to receive this bonus are:
- Open a Member Share or Member Advantage savings and also a checking account using the promo code 23Q1CONV.
- Within 30 days, perform 10 transactions using your BECU debit card, bill pay or checks.
- Bonus will be credited to your savings account within 90 days of account opening.
Apply now to earn the $100 bonus from BECU
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23. American Airlines Federal Credit Union
Available nationwide with the ability to join online, American Airlines Federal Credit Union is offering a $25 bonus for each family member you refer for membership. What's even more? You can stack this offer up to 10 times, for a total of $250.
Membership Share Account - $25 bonus
Expires: March 31, 2023
The Membership Share Account signup offer requires you to use a referral link in order to earn the $25 bonus. Full requirements to receive this bonus are:
- Be an existing member of AA FCU.
- Refer a family member by having them add your full account number in the “How Did You Hear About Us” section and promo code REFER25 in the promo code section.
Apply now to earn the $25 bonus from American Airlines Federal Credit Union
Learn More:
24. Lake Forest Bank & Trust Company
Back for 2023, Lake Forest Bank & Trust Company is offering a $200 welcome bonus when you open a new Statement Savings account and make new deposits totaling $15,000 or more. Want to earn more? You can stack this offer with their checking account bonus to earn a total of $500. Keep in mind that you may only be eligible for 1 bonus of this type across all Wintrust Community Trust banks.
Statement Savings - $200 bonus
Expires: March 31, 2023
The Statement 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:
- Open a new Statement Savings account using the link below or tell the banker you are aware of this offer at account opening.
- Deposit $15,000.00 or more of new money, defined as money not held at any WTFC location.
- Maintain a minimum balance of at least $15,000.00 on the last business day of each of the 3 consecutive calendar months following the calendar month your new account is opened.
- Bonus will be deposited into your new account within 30 calendar days after the 3-month Qualification Period.
Apply now to earn the $200 bonus from Lake Forest Bank & Trust Company
Learn More:
25. Schaumburg Bank & Trust Company
Back for 2023, Schaumburg Bank & Trust Company is offering a $200 welcome bonus when you open a new Statement Savings account and make new deposits totaling $15,000 or more. Want to earn more? You can stack this offer with their checking account bonus to earn a total of $500. Keep in mind that you may only be eligible for 1 bonus of this type across all Wintrust Community Trust banks.
Statement Savings - $200 bonus
Expires: March 31, 2023
The Statement 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:
- Open a new Statement Savings account using the link below or tell the banker you are aware of this offer at account opening.
- Deposit $15,000.00 or more of new money, defined as money not held at any WTFC location.
- Maintain a minimum balance of at least $15,000.00 on the last business day of each of the 3 consecutive calendar months following the calendar month your new account is opened.
- Bonus will be deposited into your new account within 30 calendar days after the 3-month Qualification Period.
Apply now to earn the $200 bonus from Schaumburg Bank & Trust Company
Learn More:
Want to see even more new account offers?
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’d 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:
- The Business Platinum Card® from American Express: 120,000 bonus points
- Citi Premier® Card: 60,000 bonus points
- Ink Business Unlimited® Credit Card: $900 bonus
- Capital One Venture Rewards Credit Card: 75,000 bonus miles
- U.S. Bank Altitude® Connect Visa Signature® Card: 50,000 bonus points
1. 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.
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.
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:
- Apply for The Business Platinum Card® from American Express using the link below.
- Within 3 months, spend $15,000 using your new card.
- Bonus will be credited within 8-12 weeks of meeting the requirements in the form of Membership Rewards points.
Learn more about the The Business Platinum Card® from American Express 120,000 bonus points offer
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2. Citi Premier® Card
The Citi Premier® Card offers new cardholders a welcome bonus of 60,000 bonus ThankYou Points, which you can get after making purchases worth $4,000 in the first three months.
You can exchange these bonus points for $600 worth of gift cards from a large variety of retailers.
The Citi Premier® Card can serve as a travel card and everyday cashback card, letting you redeem rewards with a host of travel transfer partners, gift cards, and shopping points. With competitive bonus categories and exclusive entertainment perks, it could be a nice versatile addition to your wallet.
Citi Premier® Card - 60,000 bonus points
The Citi Premier® Card offer requires you to make purchases using the account's card in order to earn the 60,000 bonus points. Full requirements to receive this bonus are:
- Apply for a new Citi Premier® Card using the link below.
- Within 3 months, spend $4,000 using your new card.
- Bonus will be credited in the form of 60,000 points, which can be redeemed for $600 in gift cards.
Learn more about the Citi Premier® Card 60,000 bonus points offer
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3. Ink Business Unlimited® Credit Card
In addition to the other card perks like cash back and no annual fee, Chase is offering a $900 bonus to new Ink Business Unlimited® cardholders.
They've lowered the spending threshold and raised the bonus amount in their BEST offer ever on this card!
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 - $900 bonus
The Ink Business Unlimited® Credit Card offer requires you to make purchases using the account's card in order to earn the $900 bonus. Full requirements to receive this bonus are:
- Apply for a new Ink Business Unlimited® credit card using the link below.
- Within 3 months, spend $6,000 using your new card.
- Bonus will be credited within 6 to 8 weeks in the form of 90,000 points, which can be redeemed for $900 cash.
Learn more about the Ink Business Unlimited® Credit Card $900 bonus offer
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4. Capital One Venture Rewards Credit Card
The Capital One Venture 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 small annual fee; however, on par compared to other similar premium cards. Cardholders also enjoy many perks such as up to a $100 credit for Global Entry or TSA PreCheck®, no foreign transaction fees and travel accident insurance.
The Capital One Venture Rewards Card is an advantageous travel rewards card if you’re looking for straightforward flat-rate miles on all purchases, rather than just travel or other bonus categories. It also offers the option to earn higher rewards when you book trips through Capital One Travel and provides some rewarding travel benefits.
Capital One Venture Rewards Credit Card - 75,000 bonus miles
The Capital One Venture 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:
- Apply for a new Capital One Venture Rewards Credit Card using the link below.
- Within 3 months, spend $4,000 using your new card.
- Bonus will be credited to your rewards balance within 2 billing cycles.
Learn more about the Capital One Venture Rewards Credit Card 75,000 bonus miles offer
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5. U.S. Bank Altitude® Connect Visa Signature® Card
U.S. Bank's Altitude® Connect Visa Signature® Card offers new cardholders a welcome bonus of 50,000 points after spending $2,000 on eligible purchases within the first 120 days of opening the account.
The Altitude® Connect Visa Signature Card comes with many ways to earn bonus points on purchases in popular categories, including hotels, travel, gas, grocery and more.
Whether you’re new to travel rewards or you simply want to add a streamlined rewards card to the mix, the U.S. Bank Altitude Connect Visa Signature is a solid pick. It comes with a low annual fee and competitive bonus rewards on gas, travel, dining, and groceries perfect for newbies.
U.S. Bank Altitude® Connect Visa Signature® Card - 50,000 bonus points
The U.S. Bank Altitude® Connect Visa Signature® Card offer requires you to make purchases using the account's card in order to earn the 50,000 bonus points. Full requirements to receive this bonus are:
- Apply for a U.S. Bank Altitude® Connect Visa Signature® Card using the link below.
- Within 120 days, spend $2,000 on eligible purchases.
- Bonus will post to your account within 6-8 weeks of completing the requirements.
Learn more about the U.S. Bank Altitude® Connect Visa Signature® Card 50,000 bonus points offer
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Want to see even more credit card 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.
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
- Insider tips to maximize your earnings
- 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.
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.
