Bank bonuses are great but one of the big (and annoying) requirements on many promotions is that you set up a direct deposit from your employer or government benefits.
Switching those direct deposit details can be a pain so what about offers that don’t require it?
They’re rarer, because they make you less likely to keep the account in the first place, but they’re still available. They’re often structured where you have to keep a large sum in there for 90-120 days, but if they pay a reasonable amount of interest, it can still be a good offer.
We do our best to keep this as accurate as possible; however, some of the offers mentioned may have expired.
| Account | Bonus amount | Get started | Learn more |
|---|---|---|---|
| Capital One 360 Savings | up to $1,500 | Go to Capital One | Learn more below |
| Citi Checking | $325 | Go to Citi | Learn more below |
| Wells Fargo Savings | $525 | Go to Wells Fargo | Learn more below |
| Wells Fargo Premier Checking | $2,500 | Go to Wells Fargo | Learn more below |
| Ameriprise Bank Savings | $350 | Go to Ameriprise | Learn more below |
| Huntington Bank Platinum Perks Checking | $600 | Go to Huntington Bank | Learn more below |
| South State Bank Checking | $200 | Go to South State Bank | Learn more below |
| Alliant Credit Union Savings | up to $100 | Go to Alliant Credit Union | Learn more below |
| Associated Bank Checking | up to $600 | Go to Associated Bank | Learn more below |
| Regions Green Life Savings | $100 | Go to Regions Bank | Learn more below |
Capital One 360 Savings – up to $1,500
Expires: not listed
Requirements:
- deposit at least $20,000 in new funds into the account during the 15-day initial funding period and keep it there for an additional 90 days
- use promo code BONUS1500
About the offer:
How much you deposit will determine your bonus amount.
- Earn a $300 bonus when you deposit $20,000 – $49,999,
- Earn a $750 bonus when you deposit $50,000 – $99,999,
- Earn a $1,500 bonus when you deposit $100,000 or more.
If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2021, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.
Citi Checking with Enhanced Direct Deposit — $325
Expires: 1/7/2025
Requirements:
- two (2) Enhanced Direct Deposits directly into your new checking account within 90 calendar days from account opening. Your total combined Enhanced Direct Deposits must equal $3,000 or more
About the offer:
Enhanced direct deposit means that you can make transfers from Venmo or Zelle to qualify. It doesn’t have to be a “classic” direct deposit where it’s government benefits (Social Security) or payroll from your employer. It can be but it doesn’t have to be!
Your bonus will be deposited into your account within 30 days of completing the required activities.
Here are other Citi bank bonuses.
Wells Fargo Savings – $525
Expires: 11/12/2024
Requirements:
- Open a new eligible consumer savings account at a Wells Fargo branch with a minimum opening deposit of $25 by August 20, 2024. You must provide the bonus offer code to the banker at the time of account opening.
- Bring $25,000 or more in new money to your new savings account by Day 30 and maintain at least a $25,000 balance through Day 90 after account opening.
About the offer:
This offer must be completed in a branch, click through to the Wells Fargo page and enter your email to get a code.
You’ll get the bonus within 30 days of meeting the requirements.
Here are other Wells Fargo promotions.
Wells Fargo Premier – $2,500
Expires: 1/7/2025
Requirements:
- Open a new Premier Checking account at a Wells Fargo branch with a minimum opening deposit of $25. You must provide the bonus offer code to the banker when opening the account. (They email it to you when you fill out the form on the promo page.)
- Bring $500,000 or more in new deposits to qualifying linked accounts by Day 45 and maintain at least a $500,000 balance through Day 90 after account upgrade or opening.
- They will deposit your bonus into your new Premier Checking account within 30 days after you have met all offer requirements.
About the offer:
To complete this offer, you will have to visit a branch. On the promotion page, enter your email to get your offer code and instructions.
The account has a $35 monthly service fee that can be avoided if you have $250,000 or more in account balances with them.
Ameriprise Bank Savings – $350
Expires: 12/31/2024
Requirements:
- Deposit $35,000 or more of new money into a new or existing Ameriprise Bank Savings Account by December 31, 2024
- Maintain the existing balance and the new money through March 31, 2025
- Collect $350
About the offer:
Available to existing Ameriprise clients as of September 30, 2024 who have not received a savings bonus in the past 18 months.
The Ameriprise Bank Savings also offers a fairly competitive interest rate (rate depends on your account balance) while your savings are sitting there, making this a pretty good offer if you have $35,000 you don’t mind locking up until March.
Huntington Bank Platinum Perks Checking – $600
Expires: 2/07/2025
Requirements:
- make cumulative new money deposits of $25,000 within 90 days of account opening and keep that money in there for 90 days
About the offer:
Available to residents of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin.
The Huntington Platinum Perks Checking account has a maintenance fee you can get waived if you meet certain conditions.
South State Bank Checking— $200
Expires: at an unspecified date
Requirements:
- make a minimum of 15 debit card purchases or payments
- Have a monthly total of $250 qualifying direct deposit OR preauthorized automatic draft(s) of $25.
About the offer:
The requirements must be met within 60 days of opening the account. As you can see, a direct deposit is one of the options but is not required. You can satisfy it by making enough purchases.
You must also be a resident of Alabama, Florida, Georgia, North Carolina, South Carolina, or Virginia.
Alliant Credit Union — up to $100
Expires: 12/31/2024
Requirements:
- Make deposits of at least $100 a month for twelve months
About the offer:
The deposits do not have to be direct deposits, they just have to be transfers into the account. Make sure it’s at least $100 a month for a full year and you’re set. The first transfer has to be done within 30 days and they deposit the $100 bonus after 12 months.
Opt for eStatements and you can avoid the monthly maintenance fees.
Associated Bank Checking — up to $600
Expires: 12/31/2024
Requirements:
- Open an account with the required minimum balance ($25 to $100, depending on the specific account), and have an average daily balance of at least $1,000 between the 60th to the 90th day.
About the offer:
How much you’ll earn as a bonus is based on your average daily balance over days 61-90:
- For amounts $1,000 to $4,999.99 – you earn $300;
- For amounts $5,000 to $9,999.99 – you earn $400;
- For amounts over $10,000 – you earn $600;
Fees on the account will depend on which checking account you open.
Offer is limited to residents of IA, IL, IN, KS, MI, MN, MO, OH, and WI.
Regions Bank LifeGreen Savings — $100 (DD optional)
Expires: not displayed
Requirements:
- Have an automatic transfer of at least $10 from your Regions checking account to your LifeGreen Savings account is required in at least 10 of any of the 12 calendar months that precede the month of your account opening anniversary
About the offer:
Regions Bank runs a promotion with their LifeGreen Savings account where you get up to $100, structured as an annual savings bonus.
The $100 is structured as an annual savings bonus. If you meet the deposit requirements, the bonus is calculated on the average monthly balance for the 12 calendar months that precede your anniversary month.
Available to residents of AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, and TX and carefully read the terms to ensure you qualify.
Expired Offers
Below, we’ve listed a few offers that have expired since we published them. We keep them listed in this group below in case the banks bring these offers back. They also act as a useful point of reference.
Citizens Bank Consumer Savings – up to $500 [EXPIRED]
Once you do the checking bonus above, you can also give the savings bonus a try too. You can get up to $500 if you open a new savings account and make a deposit. The bonus is based on the deposit:
- To get $250, make a single or multiple deposits totaling $5,000 (not currently on deposit with Citizens) into one personal savings account April 17 — 30th and maintain the balance for five consecutive months.
- To get $500, make a single or multiple deposits totaling $10,000 (not currently on deposit with Citizens) into one personal savings account April 17 — 30th and maintain the balance for five consecutive months.
There are several savings accounts that qualify, including One Deposit Savings and Checking from Citizens, Citizens Quest® Savings and Checking, Citizens Private Client™ Savings and Checking. and Citizens One Deposit Savings and Student Checking.
Learn more about this offer
(This offer expires 4/30/2024)
Barclays Bank – $200 [EXPIRED]
Barclays is offering a $200 bonus for new customers.
Open a new Savings account, deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days.
After you’ve maintained the balance for 120 days, the bonus will be deposited in approximately 60 days. There is no direct deposit requirement.
We like this offer because you get the bonus in addition to a competitive high yield interest rate of up to 4.80% APY (with minimum balance requirements). A lot of high deposit bonus offers don’t pay any interest.
Terms Apply.
(Offer expires 5/3/2024)
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About Jim Wang
Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard’s Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.
Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology – Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.
One of his favorite tools (here’s my treasure chest of tools, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you’re on track to retire when you want. It’s free.
Opinions expressed here are the author’s alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.
Source: Best Bank Bonus Promotions without Direct Deposit Requirement (November 2024)
