Bank Promotions Without Direct Deposit (2020)

 

Many banks offer great promos when you become a new customer and open a savings or checking account.

However, most of these bank promotions require setting up direct deposit before you earn the bonus. What if you don’t want to, or are unable to, set up direct deposit?

There are still promotions available for those who choose not to have their paycheck directly deposited into their account.

To qualify, instead of making a direct deposit, you will typically have to stay above a certain balance, enroll in online banking, enable paperless statements, or use your debit card a certain number of times per month. Fortunately, these are things that many of us do anyway.


Below is a list of the best banking promotions in 2020 without direct deposit requirements. For each signup bonus we show below, a partial list of the stipulations are mentioned. To make sure you receive the bonus money, read the all of the fine-print on the bank’s website so you know exactly what steps to take.

 

Top Bank Promotions Without Direct Deposit for July 2020

 

Charles Schwab $100 to $500 Bonus

Open an eligible account here to get your Bonus Award.

Make a qualifying net deposit of cash or securities within 45 days.

Net Deposit $1,000–$24,999 Bonus Award $100

Net Deposit $25,000–$49,999 Bonus Award $200

Net Deposit $50,000–$99,999 Bonus Award $300

Net Deposit $100,000+ Bonus Award $500

 

CITBank $300 Savings Builder Bonus

Open a Savings Builder account with a minimum of $100 and enter the promo code, Spring20.
Maintain the minimum balance requirement ($50,000 or more) for 90 calendar days following the end of the 15-day Funding Period to be eligible for the $300 bonus.

Example: Funding Period of 15 days + Review Period of 90 days = Eligible for Bonus

New account applications that are started but not submitted before the deadline of May 30, 2020 are ineligible for this promotion.
Savings Builder – Up to 1.75% interest rate.

CITBank $150 Savings Builder Bonus

Open a Savings Builder account with a minimum of $100 and enter the promo code, Spring20.
Maintain the minimum balance requirement ($25,000 to $49,999) for 90 calendar days following the end of the 15-day Funding Period to be eligible for the $150 bonus.

Example: Funding Period of 15 days + Review Period of 90 days = Eligible for Bonus

New account applications that are started but not submitted before the deadline of May 30, 2020 are ineligible for this promotion.
Savings Builder – Up to 1.75% interest rate.

Citibank Citi Priority Account $700 Bonus Offer

Maintain a combined average monthly balance of $50,000+ in eligible linked accounts.

First, any owner of either eligible account must make the “Minimum Deposit” amount or more in New-to-Citibank Funds into the new Eligible Checking Account and/or the new Eligible Savings Account within 30 calendar days of checking account opening (multiple deposits allowed).

Second, the “Minimum Balance” must be met within the first 30 calendar days of account opening and maintained for 60 consecutive calendar days from the date the Minimum Balance is met. As applicable to certain offers, the Minimum Balance may be held in one or both of the eligible accounts.

The Cash Bonus will be credited within 90 calendar days from the date you complete all required activities.

 

Citibank Account $400 Bonus Offer

Maintain a combined average monthly balance of $10,000+ in eligible linked accounts.

First, any owner of either eligible account must make the “Minimum Deposit” amount or more in New-to-Citibank Funds into the new Eligible Checking Account and/or the new Eligible Savings Account within 30 calendar days of checking account opening (multiple deposits allowed).

Second, the “Minimum Balance” must be met within the first 30 calendar days of account opening and maintained for 60 consecutive calendar days from the date the Minimum Balance is met. As applicable to certain offers, the Minimum Balance may be held in one or both of the eligible accounts.

The Cash Bonus will be credited within 90 calendar days from the date you complete all required activities.

 

Citibank Basic Banking $200 Bonus Offer

Maintain a combined average monthly balance of $5,000+ in eligible linked accounts.

First, any owner of either eligible account must make the “Minimum Deposit” amount or more in New-to-Citibank Funds into the new Eligible Checking Account and/or the new Eligible Savings Account within 30 calendar days of checking account opening (multiple deposits allowed).

Second, the “Minimum Balance” must be met within the first 30 calendar days of account opening and maintained for 60 consecutive calendar days from the date the Minimum Balance is met. As applicable to certain offers, the Minimum Balance may be held in one or both of the eligible accounts.

The Cash Bonus will be credited within 90 calendar days from the date you complete all required activities.

 

Chase Savings $200 Bonus

To receive the $200 savings bonus: 1) Open a new Chase Savings account, which is subject to approval;

2) Deposit a total of $15,000 or more in new money into the new savings account within 20 business days of account opening;

AND 3) Maintain at least a $15,000 balance for 90 days from the date of deposit. The new money cannot be funds held by you at Chase or its affiliates. After you have completed all the above savings requirements, we’ll deposit the bonus in your new account within 10 business days.

Optional: Extra $300 for a total of $500 when you also open a Chase checking account and set up direct deposit.

 

Huntington 5 Checking $200 Bonus

Get $200 when you open a Huntington 5 or Huntington 25 Checking account and make cumulative deposits of at least $1,000 into the new checking account within 60 days.

Must maintain an open status in an eligible product for 90 days to receive the bonus.

$200 will be deposited in your Huntington 5 Checking account after all requirements are met and your account is open for 90 days

This offer is only available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia.

This offer is only available to new checking customers.

 

Huntington Asterisk-Free Checking $150 Bonus

Get $150 when you open a new Asterisk-Free, Huntington 5, or Huntington 25 Checking account and make cumulative deposits of at least $1,000 into the new checking account within 60 days of opening.

Must maintain an open account status in an eligible product for 90 days to receive the bonus.

$150 will be deposited in your Asterisk-Free Checking account after all requirements are met and your account is open for 90 days.

This offer is only available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania or West Virginia.

This offer is only available to new checking customers.

 

First Tennessee Bank $300 Business Checking Bonus

Open your BizEssentials Checking account at the Basic level or higher by the specified date with a minimum opening deposit of $5,000 AND complete 5 qualifying payment transactions within the first 30 days of account opening to receive the $300 bonus.

Customer agrees to maintain account in good standing for minimum of 6 months.

The $300 bonus will be credited to your account within 6 weeks of meeting all requirements and will be reported as income on Form 1099-INT.

 

AmboyDirect $50 eSavings Bonus

Earn Everyday High Rate Plus $50 Bonus

Enter your email address to receive the promotional offer reference code.

 

SunTrust $200 Business Checking Account Bonus

How to earn $200:
FIRST, open a new eligible SunTrust business checking account online or in a branch by date specified on bonus page. (IOLTA and Public Funds accounts are excluded)
THEN, within 30 days of opening the new eligible business checking account, you must make cumulative qualifying deposits of $1,500 or more into your new account.
Enrollment in the offer is required at account opening.

 

Bank Promo Requirements

Bank promotion requirements can change from time to time. Some banks may switch from not requiring direct deposit, to now requiring it. Others may have coupon codes that are only valid until a specific date.

When you go through a bank’s account sign-up process, double-check the promotional offer page for any modifications to the terms.

You can also check with local credit unions and smaller banks to see what offers they have available. Offers will vary based on location, so check with a local branch to find out more.

 

Older Bank Sign-Up Promotions

The promotions below were offered by banks in the past. You can compare them to the current promos being offered today.

Discover Bank $200 Online Savings Account Bonus

Apply for your first Discover Online Savings Account online or by phone.

Enter Offer Code as stated on bonus page when applying.

Deposit into your account a total of at least $25,000 to earn a $200 Bonus.

Deposit must be posted by date specified on bonus page.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded or affinity accounts provided by Discover.

Account must be open when bonus is credited. Bonus is considered interest and will be reported on IRS Form 1099-INT.

Discover Bank $150 Online Savings Account Bonus

Apply for your first Discover Online Savings Account online or by phone.

Enter Offer Code as stated on bonus page when applying.

Deposit into your account a total of at least $15,000 to earn a $150 Bonus.

Deposit must be posted by date specified on bonus page.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded or affinity accounts provided by Discover.

Account must be open when bonus is credited. Bonus is considered interest and will be reported on IRS Form 1099-INT.

HSBC $750 Checking Bonus

Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities.

Open your new HSBC Premier checking account online; and

Deposit a minimum Qualifying Balance of $100,000 or more in New Money in combined checking, savings, and/or eligible investment accounts within 30 calendar days of account opening; and

Maintain at least the minimum Qualifying Balance for 90 calendar days from the date you deposited the minimum Qualifying Balance.

You will automatically receive the $750 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It’s that simple.

HSBC $350 Checking Bonus

Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities.

Open your new HSBC Advance checking account online; and

Deposit a minimum Qualifying Balance of $10,000 or more in New Money in combined checking, savings, and/or eligible investment accounts within 30 calendar days of account opening; and

Maintain at least the minimum Qualifying Balance for 90 calendar days from the date you deposited the minimum Qualifying Balance.

You will automatically receive the $350 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It’s that simple.

Chase Business Checking Bonus

Get $300 as a new Chase checking customer, when you open a Chase Total Business Checking® account with qualifying activities

Access to over 16,000 ATMs and 5,100 Chase branches nationwide

Chase has business specialists at your local branch to help with your business needs

Account Alerts are a great way to stay on top of your account’s activity and enhance security

Unlimited electronic deposits at no charge, including Chase QuickDepositSM, ACH and ATM

Discover Bank $200/$150 Savings Account Bonus

Apply for your first Discover Online Savings Account, online or by phone.

Enter Offer Code NPBE918 when applying.

Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus

Chase Savings $150 Bonus

Open a new Chase Savings account, which is subject to approval.

Open an account or visit any Chase branch with your coupon by 04/20/2020

Deposit a total of $10,000 or more in new money into the new savings account within 20 business days of account opening.

Maintain at least a $10,000 balance for 90 days from the date of deposit.

The new money cannot be funds held by Chase or its affiliates. After you have completed all the above savings requirements, we’ll deposit the bonus in your new account within 10 business days.

If either the savings account is closed by the customer or Chase within six months after opening, we will deduct the bonus amount for that account at closing.

CapitalOne 360 Money Market $200 Bonus

Open your account and deposit at least $10,000 using promo code OFFER200 to earn your $200 bonus. Plus, you’ll earn 2.00% Annual Percentage Yield (APY) on balances of $10,000 or more.

Earn a $200 bonus and a top savings rate.

Give yourself a high-yield, fee-free way to keep growing your savings with 360 Money Market.

Open your account using promo code OFFER200 to earn your exclusive $200 bonus on accounts with balances of $10,000 or more.

Huntington Bank $200 H5 Checking Bonus

Open your Huntington 5 Checking account today and enjoy:

$200 bonus by making at least one direct deposit of at least $500 or more within 60 days of account opening. $200 will be deposited into your Huntington 5 Checking account after all requirements are met and your account is open for 90 days.

Earn interest on all balance tiers

24-Hour Grace Overdraft Relief

Five Non-Huntington ATM withdrawal fees waived per statement

No minimum deposit needed to open

Enjoy mobile & online banking

10% credit card rewards bonus

Huntington Bank $750 Accelerated Business Checking Bonus

Open a Huntington Accelerated Business Checking Account

Earn a $750 bonus by depositing at least $25,000, and make 30 transactions, within the first 60 days.

Huntington will deposit $750 into your account after it’s been open for 90 days

Enjoy overdraft protection with no annual fee or deposit-to-deposit overdraft protection with no transfer fee!

Enjoy up to 600 monthly transactions & get access to over 1,800 ATMs

Ideal for businesses with an average monthly balance of $25k – $100k

Huntington Bank $400 Fast Track Business Checking Bonus

Open a Huntington Fast Track Business Checking Account

Earn a $400 bonus depositing at least $5,000 within the first 60 days.

Huntington will deposit $400 into your account after it’s been open for 90 days

Get Overdraft Protection Account with no annual fee, or Deposit-to-Deposit Overdraft Protection with no transfer fee.

Enjoy up to 300 monthly transactions & get access to over 1,800 ATMs

Ideal for businesses with an average monthly balance of $5k – $25k.

Get free online statements

Huntington Bank $200 Community Business Checking Bonus

Open your Huntington Community Business Checking Account today!

Earn a $200 bonus by depositing at least $2,000 and make 10 transactions within 60 days of account opening

Huntington will deposit $200 into your account after it’s been open for 90 days

Overdraft Protection Line of Credit available, or Deposit-to-Deposit Overdraft Protection with no transfer fee.

Do business without a minimum checking account balance fee or maintenance fee.

No monthly maintenance fee applies to this account.

Enjoy up to 150 monthly transactions & get access to over 1,800 ATMs

Ideal for businesses with an average monthly balance of up to $5k

Get free online statements

CitiBank $200 Checking Bonus

Within 30 days of opening your account deposit $5,000 new-to-Citibank funds into the checking account.

Maintain a minimum balance of $5,000 for 60 days.

CitiBank $400 Checking Bonus

Within 30 days of opening your account deposit $15,000 new-to-Citibank funds into the checking and/or savings account.

Maintain a minimum balance of $15,000 in your eligible linked checking and/or savings account for 60 days.

CitiBank $600 Checking Bonus

Within 30 days of opening your account deposit $50,000 new-to-Citibank funds into the checking or savings account. A minimum of $5,000 must be in the checking account and a minimum of $100 must be in the savings account.

Maintain a minimum balance of $50,000 in your eligible linked checking and savings account for 60 days.

MB Financial Bank $350 Business Checking Bonus

Earn $350 bonus by opening and maintaining a business checking account with an average monthly balance of $5,000 and complete either a minimum of 15 electronic transactions in the account OR open a business money market or savings account with an average balance of $25,000

Fifth Third Bank $200 Checking Bonus

Open a Essential Checking, Enhanced Checking, or Preferred Checking account.

Then you must reach a balance of at least $500 within 45 days and maintain that amount for 45 days.

TCF Bank $300 Checking Bonus

Earn the bonus by setting up direct deposit deposits of $500 or more or enroll in TCF Digital banking and complete $250 in one or more online bill payments using TCF Online Bill Pay

FirstBank $300 Anywhere Checking Bonus

Earn a $300 bonus when you open an Anywhere Checking account and conduct $500 in net Visa Debit Card purchases

Fulton Bank $150 Checking Bonus

You must complete 10 debit card transactions with 60 days of account opening

BMO Harris Bank $500 Small Business Checking Bonus

Open a new Business Advantage Checking account between February 1, 2020 and April 30, 2020.

Earn $500 by making an opening deposit of $5,000, maintaining that balance for at least 90 days, and by making at least 10 electronic transactions post to the account within 90 days.

Your account must be open and in good standing when the bonus is paid approximately 120 days after opening.

To receive either checking bonus, you must open the account at a BMO Harris branch and present the promo code email from BMO Harris.

BMO Harris Bank $200 Small Business Checking Bonus

Open a new Essential Business Checking account between February 1, 2020 and April 30, 2020.

Earn $200 by making an opening deposit of $1,500, maintaining that balance for at least 90 days, and by making at least 10 electronic transactions post to the account within 90 days.

Your account must be open and in good standing when the bonus is paid approximately 120 days after opening.

To receive either checking bonus, you must open the account at a BMO Harris branch and present the promo code email from BMO Harris.

Associated Bank $400 Checking & Money Market Bonus

Open an Associated Choice Checking account with a minimum deposit of $100 and make three payments using Associated Bank Online Bill Pay OR at least one direct deposit of $300 or more within 45 days of account opening.

And open an Associated Relationship Savings account with a minimum deposit of $25,000.

Maintain a minimum combined balance in those accounts of $25,000 for 90 days and receive your $400 within 120 days of opening.


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