Many banks offer generous sign-up bonuses. But there’s often a lot of red tape to factor in before you receive that bonus. Most commonly, banks require a direct deposit to claim your bonus.
But changing your payroll information to switch your direct deposit can be a hassle, especially if your new bank is not going to be your primary bank.
Some people are independent contractors or gig workers and don’t have clients who pay via direct deposit, so they need a financial institution that offers a bank bonus without direct deposit requirements.
With this in mind, we’ve compiled a list of banks with immediate sign up bonus. Keep in mind that some of these are business accounts and others are savings accounts, but none of them require a direct deposit to earn bonus cash. We also found a few rare treasures: Checking accounts with no direct deposit requirements to earn a sign-up bonus.
However, be sure to read the fine print because you may have other requirements besides direct deposit to meet before claiming your cash.
So, what is the best bank bonus now without direct deposit requirement? Read on to find our top choices.
What Banks Give You Money for Opening an Account Without Direct Deposit?
The following banks offer sign-up bonuses for personal or business customers with no direct deposit requirements, although you may have to meet other qualifications.
Citi offers top-tier rewards for its top customers with higher balances. Open a new Citigold® checking account and earn $200 when you deposit $10,000 in your new account within 20 days, then maintain the balance for another 60 days. Earn $500 with a $30,000 deposit; $1,000 with a $75,000 deposit; $1,500 with a $200,000 minimum deposit and $2,000 with a $300,000 minimum deposit.
Now through Jan. 9, 2024, Wells Fargo offers a $525 bonus when you open a new Way2Save savings account. Open the new account with just $25, and then deposit $25,000 in new money (not transferred from another Wells Fargo account) within the first 30 days. Maintain that balance through Day 90 of account opening, and you’ll get $525 deposited into your account within 30 days. Plus, you’ll continue earning 0.15% on your balances.
High earners can benefit at Huntington Bank with a $600 bonus when you deposit at least $25,000 into your Platinum Perks Checking account within the first 90 days and keep the account open for 90 days. This offer expires Feb. 7, 2024.
If you don’t have $25,000 to deposit, you can open a Perks Checking account and receive one qualifying direct deposit within 90 days to earn $400.
Flushing Bank allows new Complete Checking customers to earn up to $2,500 in a cash bonus when they maintain a minimum average balance for three months. Deposit and maintain between $10,000 and $49,999 to earn $150 as part of the Complete Cash Rewards Bonus Program. Earn $500 for a balance between $50,000 and $99,999. Earn $1,000 for a balance between $100,000 and $249,999. Finally, maintain a balance of $250,000 plus for three months and have $2,500 deposited into your account. The bonus will be paid by the 15th of the month following the three-month qualification period.
Fulton Bank, headquartered in Lancaster, PA, is offering a bonus of up to $250, with no direct deposit requirements. To cash in on a $200 bonus, open a Simply Checking account and use your contactless debit card to make at least 15 purchases, totaling at least $300, within the first 60 days of account opening. Earn another $50 by opening a Statement Savings account online and deposit at least $1,000 in new money within the first 60 days.
M&T Bank is offering a $350 cash bonus with no direct deposit requirements. To qualify, open a MyChoice Premium Checking account and maintain an average monthly balance of at least $10,000 in December 2023 and January 2024. You will receive $350 deposited into your account by Feb. 29, 2024, if you meet the requirements. This offer ends Nov. 24, 2023.
TD Bank’s Signature Savings and Simple Savings accounts both offer $200 in bonus cash when you open an account, deposit $10,000 or more within the first 20 days, and then maintain at least a $10,000 balance for 90 days. This offer expires Nov. 30, 2023. The bonus will be paid on or before 180 days of account opening.
While U.S. Bank requires direct deposit to earn a $350 sign-up bonus with a U.S. Bank Smartly Checking account, the bank doesn’t have direct deposit requirements to earn a $100 bonus with a Standard Savings account.
To qualify, open your savings account with at least $25 minimum deposit. Then, continue funding your savings account with at least $15,000 or more in new money (cannot be transferred from another U.S. Bank account) by Dec. 30, 2023. Maintain that $15,000 minimum balance through June 30, 2024 to earn $100 in bonus cash.
Banks with Business Accounts Offering Sign Up Bonuses, No Direct Deposit
Small business owners can also take advantage of sign-up bonuses with no direct deposit requirements. Since many businesses may not receive direct deposit from clients, these offers make it easy to take advantage of extra bonus cash, however your customers choose to pay you.
Bank of America
Now through Dec. 31, 2023, Bank of America, Member FDIC, is giving small business owners a cash bonus of $200 when they meet specific requirements for their new Bank of America Business Advantage Fundamentals or Business Advantage Relationship Banking account.
You’ll need to deposit $5,000 or more in new money within 30 days of opening the account and maintain that balance for the next 60 days to earn the $200 cash bonus.
New Chase Business Complete Checking customers can earn $300 when they open a new account and fund it with $2,000 in new money (not transferred from other Chase accounts) within the first 30 days of enrollment, maintain that balance for 60 days from account opening, and meet other criteria.
You must have five qualifying transactions within the first 90 days of enrollment. These can include direct deposits, but you can also qualify with other transactions.
You can make any five of the following transactions within the 90-day period from account opening to qualify for a $300 bonus, delivered within 15 days of meeting the qualifications.
- Credit and debit card payments using QuickAccept
- Debit card purchases
- Chase QuickDeposit
- Wire transfers (incoming or outgoing)
- Chase Online Bill Pay transactions
PNC Bank gives business owners two choices to earn bonuses of $200 or $500, depending on their average daily ledger balance. To earn $200, maintain a minimum average ledger balance of at least $5,000 for the first three statement cycles and complete at least 20 qualifying PNC Bank Visa business debit card transactions within the first three statement cycles.
To earn $500, choose a Treasury Enterprise Plan or an Analysis Business Checking account and maintain an average ledger balance of at least $30,000 for the first three statement cycles. These offers expire on Dec. 31, 2023.
Neobanks, Online Banks and Financial Service Companies Offering Sign Up Bonuses with No Direct Deposit
With no or low monthly fees and high interest rates, these online banks and financial service companies offer cost savings compared to some traditional banks along with generous sign-up bonuses and no direct deposit requirements.
While Fidelity is not a bank, it offers a generous — and easy — bonus of $100 when you open a new, eligible Fidelity cash management account with at least $50 and maintain a $50 balance for the first 15 days after opening the account. That’s a 200% return on your money, with no additional hoops to jump through or requirements to meet. This offer is only good through Dec. 11, 2023.
Upgrade is an online financial services company backed by Cross River Bank, Member FDIC. The neobank is offering a $200 bonus when you apply for an Upgrade Cash Rewards Card and open a Rewards Checking Plus account through Upgrade. You’ll need to make at least three debit card transactions within the first 60 days of opening your account to qualify for the bonus, but there are no direct deposit requirements.
Revolut is a cash management account with plans starting at $0 per month. Funds stored with Revolut are backed up to federal allowable limits by Metropolitan Commercial Bank, member FDIC.
You can earn a sign-up bonus when you open a Revolut account. You just have to sign up using a unique link from a Revolut partner and then make one qualifying transaction of at least $1 with your physical or virtual Revolut card. The bonus amount varies based on the promotional partner.
M1 is a no-commission investment account offering more than 6,000 stocks and ETFs. With more than 1 million users and $7 billion in assets, M1 could be worth considering if you are just getting started investing or looking for an easy-to-use, no-fee investment account.
Right now, M1 is offering up to a $15,000 bonus to invest when you transfer funds from another brokerage. Earnings are as follows:
- $100,000 – $249,999: $250
- $250,000 to $499,999: $1,000
- $500,000 to $999,999: $2,000
- $1 million to $1,999,999: $4,000
- $2 million to $4,999,999: $10,000
- $5 million+: $15,000
Don’t have that much to invest? If you open a new Invest account through M1 with $1,000 or more, you can earn $60 cash back through the Rakuten App.
Credit Unions With No Direct Deposit Sign-Up Bonuses
These credit unions offer sign up bonuses that don’t rely on direct deposit to qualify. Most have broad membership requirements that allow most people with a social security or tax ID number to join.
SkyOne Federal Credit Union
SkyOne Federal Credit Union, headquartered in Hawthorne, California, is a federally insured credit union that’s easy for anyone to join. You must work for a SkyOne partner, or live, work, worship or go to school within a qualified area near the SkyOne Main Branch. Alternatively, anyone can join this credit union simply by joining the Surfrider Foundation. SkyOne pays for your first year’s membership in the organization.
SkyOne has a unique referral program that’s equally easy to participate in. Refer a friend to SkyOne, and when they join the credit union, you will each get a $50 Amazon gift card once your friend has been a member for 30 days. This isn’t your typical “sign on bonus” for opening a checking or savings account, but it is an opportunity for SkyOne members to earn up to $500 to spend at Amazon each year. With the holidays approaching, that can be as good as money in your pocket.
Suffolk Credit Union
Speaking of the holidays, Suffolk Credit Union in Long Island, NY, is offering up to a $300 cash bonus for the holiday season, with no direct deposit required. Here’s how it works: Open a Momentum Checking Account and make at least one deposit of $500 in the first month to earn $100 in cash. Deposit $500 in the second month for another $100 bonus, and another $500 in the third month for a total of $300 in sign-up bonuses.
Suffolk Credit Union has no minimum balance requirements and no monthly fees. If you maintain an average daily balance of $5,000 or more and make at least 20 debit card purchases per month, you could earn rewards up to APY.
The only downside? Membership in SCU is only available to people who live, work, worship, attend school, volunteer in, or run a business or other legal entity in Nassau County, New York, or select towns in Suffolk County.
America’s Christian Credit Union
America’s Christian Credit Union is celebrating 65 years in operation by offering customers a $100 bonus when they switch to ACCU and use the promo code “SWITCH” online. To qualify, you’ll need to open a new Basic or Secure checking account with a minimum deposit of at least $500 and a new savings account with at least $1,000. Keep both accounts open and in good standing for at least 90 days and maintain your savings account balance for the same amount of time to earn the bonus. The bonus will be paid within 140 days of account opening.
To become a member of America’s Christian Credit Union, you’ll need to be a member, attendee, employee, volunteer, student or alumni of a Christian church, ministry or school, or be a member of one of ACCU’s Healthcare Sharing Partners. Immediate family members of ACCU members are automatically qualified to join.
Alliant Credit Union doesn’t exactly offer instant gratification with a sign-up bonus. But it does reward disciplined saving behavior. Open an Alliant Ultimate Opportunity Savings Account and deposit at least $100 per month for 12 months. You’ll earn an APY of , along with a $100 cash bonus.
Alliant is an online credit union open to virtually anyone in the U.S. You just need to join Foster Care to Success, Alliant’s charity partner. Alliant even covers the $5 membership fee. Alternatively, if you work for an Alliant partner or live in a qualifying region, you may qualify without joining Foster Care to Success.
American Airlines Federal Credit Union
The payoff may not be as it is with some of the other financial institutions on this list, but it’s also not very hard to qualify for a sign-up bonus with American Airlines Federal Credit Union. Open a new checking account and make at least $25 in debit card purchases in the first 60 days of account opening to earn $25.
American Airlines offers three different checking accounts for adult customers, plus a teen/young adult checking for customers age 13 to 25. All accounts either have no monthly fees or fees that can be waived, albeit with a direct deposit or minimum daily balance.
To become a member, you’ll need to be an employee or retiree of American Airlines or a subsidiary or otherwise work in the air transportation industry, or live in a household with the same.
No direct deposit? No problem! Whether you’re in the market for a bank, credit union, or an online investment account, you can earn a sign up bonus without direct deposit at many financial institutions.
FAQHere's what people are asking about bank sign-up bonuses.
- What banks give instant bonuses for opening accounts?
- Very few banks deliver your welcome bonus immediately.
- Which bank has the highest welcome bonus?
- Based on GOBankingRates' research, Citi has a staggeringly high welcome bonus of $2,000, but you need to deposit and maintain a minimum of $300,000 to earn that much.
- What banks offer a sign-up bonus without direct deposit?
- Based on the list above, many banks offer a sign up bonus with direct deposit. Banks ranging from large national banks to online banks and even local credit unions may provide a sign up bonus with a minimum deposit requirement, but no direct deposit.
- What is the easiest online bank to get approved for?
- Many online banks, including Discover, have no credit check required to qualify for an account.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Nov. 13, 2023.
This article was updated on Nov. 20, 2023, to adjust the list of available bonuses.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.