Financial institution Promotions With out Direct Deposit [October 2024]

Banks usually supply promotions that pay you to open a brand new account. Nevertheless, to benefit from the promotions, you normally will need to have a sure sum of money immediately deposited into your account. So what when you don’t use direct deposit?

We’ve regarded into the perfect financial institution promotions with out direct deposit to present you some choices to think about. With every of those promotions, we evaluated the dimensions of the financial institution bonus, the attain of the monetary establishment providing the promotion, and the steps it is advisable to take to earn the bonus cash.

Featured checking account

Key takeaways

• Financial institution promotions normally solely apply to new prospects.
  
• You’re usually required to keep up a sure stability quantity for 30 to 90 days to obtain the bonus.
  
• Some promotions require you to submit a promo code if you open a brand new account. You could submit this code if you apply by means of on-line banking or have to take the code to a department.
• To qualify for the bonus, the funds you deposit into your account have to be new and never transferred from an affiliated financial institution.

Citibank

Citi checking account — as much as $300

Expires 7/8/2024

• Make two Enhanced Direct deposits that equal a minimum of $1,500 (Enhanced Direct Deposit consists of recurring paychecks, retirement funds and pensions, and cost instruments like Zelle, Paypal, and Venmo so there are quite a few methods to satisfy this requirement with out having standard direct deposit.)
• Can’t have opened one other Citi checking account up to now 180 days
  
• Deposit funds inside 90 days of account opening

This financial institution provides a checking account bonus that’s just for new Citi checking prospects (no different Citibank checking account within the final 180 days). Checking accounts have to be opened on-line or by way of telephone or utilizing a residential/house (not mailing) tackle.

You need to enroll within the money bonus supply the identical day you open a brand new Citi checking account. Citibank is FDIC insured.

The best way to get the bonus

1. Open a brand new eligible Citi® Checking account with Enhanced Direct Deposits.
2. Inside 90 days, make two deposits that equal a minimum of $1,500.
3. Your bonus can be credited inside 30 calendar days after you full the required actions.

Take a look at the Citi checking supply.

Huntington Financial institution

Platinum Perks Checking bonus — $600

Expires 10/7/2024

• Should be a brand new private checking buyer
  
• Deposit a minimum of $25,000 inside 90 days of opening the account
  
• Maintain the account open for a minimum of 90 days

This bonus is barely accessible for brand new private checking prospects. To qualify, you need to open a brand new, qualifying Huntington Platinum Perks Checking account by June 7, 2024. Cash deposited or transferred can’t be from another Huntington account (besides maturing private CDs). This bonus can’t be utilized in mixture with different client checking provides.

To qualify, you need to reside in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. Huntington Financial institution is insured by the FDIC.

The best way to get the bonus

1. Open a brand new Huntington Platinum Perks account.
   
2. Inside 90 days, deposit a minimum of $25,000.
   
3. Your bonus can be credited inside 14 days of assembly the necessities.

Take a look at the Platinum Perks supply.

PNC

Enterprise Checking or Enterprise Checking Plus account — $200

Expires 6/30/2024

• Open a brand new qualifying Enterprise Checking or Enterprise Checking Plus account
  
• Keep a minimal common ledger stability of $5,000 for the primary three assertion cycles
  
• Make a minimum of 20 qualifying debit card purchases throughout the first three assertion cycles

This bonus is just for new PNC enterprise checking accounts and companies will need to have an annual income of lower than $5 million. Solely enterprise checking accounts with month-to-month statements are eligible. 

New accounts aren’t eligible if the signer has signing authority on an current PNC Financial institution enterprise checking account, has closed an account throughout the previous 90 days, or has obtained a promotional premium up to now 12 months. Enterprise house owners may have to offer documentation for his or her accounts to be accepted. 

PNC Financial institution is FDIC insured.

The best way to get the bonus

1. Apply for the Enterprise Checking or Enterprise Checking Plus account on-line or in individual at a PNC department.
   
2. If accepted, make a $100 opening deposit.
   
3. Keep a minimal common ledger stability of a minimum of $5,000 for 3 assertion cycles.
   
4. Use your PNC Enterprise Debit Card to make a minimum of 20 qualifying transactions throughout the first three assertion cycles.
   
5. You obtain the bonus inside 90 days of assembly all the necessities.

Be taught extra about this enterprise checking supply.

Treasury Enterprise Plan or Evaluation Enterprise Checking bonus — as much as $1,000

Expires 6/30/2024

• Open a brand new qualifying Treasury Enterprise Plan or Evaluation Enterprise Checking account
  
• Keep a minimal common ledger stability of $30,000 for the primary three assertion cycles for a $500 bonus, or a minimal common ledger stability of $100,000 for the primary three assertion cycles for a $1,000 bonus

As with the opposite PNC enterprise checking promotion, solely enterprise checking accounts are eligible, and companies will need to have an annual income of lower than $5 million. Solely enterprise checking accounts with month-to-month statements are eligible.

The best way to get the bonus

1. Apply for the Treasury Enterprise Plan or Evaluation Enterprise Checking account on-line or in individual at a PNC department.
   
2. If accepted, make a $100 opening deposit.
   
3. Keep a minimal common ledger stability of a minimum of $30,000 or $100,000 for 3 assertion cycles.
   
4. You obtain the bonus inside 90 days of assembly all the necessities.

Take a look at this enterprise checking supply.

Financial institution of America

Chase

Safe Banking bonus — $100

Expires 10/16/2024

• Open a brand new Safe Banking account on-line or enter an e mail tackle to get a coupon to take to a Chase department
  
• Make 10 qualifying transactions inside 60 days of account opening, together with debit card purchases and sending cash with Zelle

This Chase Financial institution promotion is maybe the simplest bonus to qualify for on this checklist. All it is advisable to do is open a Safe Banking checking account and use it.

You qualify for the bonus when you full 10 qualifying transactions, which embrace debit card purchases, sending cash with Zelle, ACH credit, Chase QuickDeposit, and on-line invoice funds.

This supply will not be accessible to current Chase checking prospects or these whose accounts have been closed throughout the previous 90 days.

Chase is insured by the FDIC.

The best way to get the bonus

1. Apply for a Chase Safe Banking checking account on-line or enter your e mail tackle to obtain a coupon. Take the coupon to your native Chase department.
   
2. If accepted, make 10 qualifying transactions inside 60 days of enrollment.
   
3. Your bonus will seem in your account inside 15 days of finishing the qualifying actions.

Be taught extra concerning the Safe Banking Checking account. 

Alliant Credit score Union

Final Alternative Financial savings — $100

Expires 12/31/24

• Open a brand new Final Alternative Financial savings Account
  
• Deposit a minimum of $100 per 30 days for 12 consecutive months

This distinctive on-line financial savings account promotion is designed to encourage you to avoid wasting — you’ll have to deposit $100 per 30 days for 12 consecutive months, and have a stability of a minimum of $1,200 to obtain the bonus.

You do should grow to be a member of Alliant Credit score Union, which you are able to do by means of sure employers or places. You can even be part of by turning into an Alliant Credit score Union Basis digital inclusion advocate and Alliant covers the $5 membership charge.

This promotion is barely accessible to new Alliant Credit score Union members.

Alliant is insured by the NCUA.

The best way to get the bonus

1. Apply for an Alliant Credit score Union Final Financial savings account on-line.
   
2. Switch your first $100 inside 30 days of opening the account.
   
3. Deposit $100 per 30 days for 12 consecutive months.
   
4. Have a stability of $1,200 or extra when your account is reviewed 12 months after the date of your first deposit.
   
5. Your bonus will seem in your account inside 4 weeks of finishing the qualifying actions.

Be taught extra concerning the Final Financial savings Account.

When looking for the perfect financial institution bonuses that don’t require direct deposit, there are a number of vital elements to think about. These elements embrace:

• Measurement of the bonus
  
• Minimal opening deposit required for the brand new checking account
  
• The minimal stability required to obtain a bonus
  
• How lengthy should you keep the minimal stability
  
• Whether or not there’s a month-to-month upkeep charge
  
• When the bonus is paid
  
• Kind of account (checking, financial savings, cash market account, and so forth.)
  
• Whether or not the account is paying curiosity
  
• Annual proportion yield (APY) if it’s an interest-bearing account
  
• Whether or not there are different qualifying actions it is advisable to full, like a sure variety of debit card transactions

Most financial institution promotions with out a direct deposit requirement are solely supplied on new accounts, and the cash deposited into the account have to be new to that financial institution. For instance, when you use funds out of your Financial institution of America account to open a brand new Financial institution of America Enterprise Benefit account, you’re ineligible to obtain the bonus.

Remember to learn the positive print of any bonus and word any enrollment necessities, like presenting a coupon or code to qualify.

You’ll additionally need to select a financial institution that’s handy for you, like simply opening an account on-line or using a financial institution’s cell app. Search for a Member FDIC image on the web site to substantiate it’s FDIC insured (or NCUA for credit score unions).  

FAQ

Not utilizing direct deposit doesn’t exclude you from all promotions the place you may earn bonus cash by opening a brand new account. There are nonetheless a number of banks that present promotions to prospects with out direct deposit.

That mentioned, there are different issues when selecting a financial institution than promotions. Month-to-month service charges, overdraft charges, ATM entry for money withdrawals, rates of interest, and extra also needs to issue into your choice. Take a look at our checklist of the greatest checking accounts for our total picks, and when you’re seeking to maximize curiosity, take into account opening a high-yield financial savings account.

Methodology

The businesses we selected for our checklist supplied a promotion that didn’t require a direct deposit on the time of writing. We didn’t overview all firms out there. When evaluating these firms, we thought-about elements such because the promotion dimension, the steps concerned in getting the promotion, and the attain of the financial institution or credit score union. This text is repeatedly reviewed and up to date to make sure that the data supplied is correct and up-to-date.