Bank Bonuses Guide: Sign-Up Promotions & Direct Deposits

Bank Bonuses Guide

Information To Know
Closing Accounts
Bank Bonuses List
Notes on ChexSystems & Fintechs
Additional Tips & Documents

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Information To Know

The typical requirement to get a bonus from a bank (outside of opening up a new account) is to

: have a direct deposit(s) of x amount hit your new account. Some banks also require x amount

of debit card transactions (but I don’t see this often). Requirements for each bank will vary

though, so make sure to read the fine print.

You can satisfy a bank’s direct deposit requirement by:

A) Having actual direct deposits from work go into your new bank account

B) By Spoofing A Direct Deposit.

You can spoof a direct deposit by:

1. Opening Up A Chase Business Account and using the ACH payment services

(specifically use: “Standard ACH: employee”, with $2.50 fee per payment) to send

money to your new bank account. This method has always worked successfully for me.

(side note: People get overwhelmed when thinking about opening up a business checking

account, but there’s no need to be. When you open up a business account as a sole proprietor,

you typically only need your social security number. And practically anybody can open up a

business account as a sole proprietor. If you’ve sold something on Facebook marketplace, you’re

a business! A lot can be considered a business.)

2. You can also go to r/churning on reddit or doctorofcredit.com and read the comments to

see methods that people have used to successfully spoof a direct deposit. (For example,

I was able to spoof a direct deposit at one bank by sending myself money from Fidelity. I

knew to use Fidelity as users on reddit had recent data points showing that Fidelity

worked great for spoofing a deposit at the particular bank I was trying to get a bonus

from)

Example of a Data Point:

More important information to know, ChexSystems

Signing up for bank accounts typically has no impact on your credit score, but it does have an

impact on your chex score — which banks typically check when someone is opening up a new

bank account. A low chex score isn’t that big of a deal, but some banks are “chex sensitive” and

will decline your application if you have had a lot of recent bank inquiries. So it’s best to sign up

for the chex sensitive banks first. To figure out which banks are or aren’t chex sensitive, go here:

https://www.doctorofcredit.com/banks-credit-unions-chexsystems-inquiry-sensitive/#comments

But again, having a low chex score isn’t a huge issue. I’ve signed for soooo many accounts at

this point, and I’ve gotten very few application rejections.

Also,

* Fintechs don’t pull Chex, and opening up fintechs does not count as an inquiry on a chex

report, which is great !! :)

* Some banks use EWS (Early Warning Services) instead of Chex

Further advice:

● After opening up a new bank account, make sure you activate e-statements in the

settings, as some banks charge for paper statements, some have an e-statement

requirement to receive bonus, etc

● Take note of which banks do and don’t charge a monthly fee, and try to keep a small

amount of money in the banks that do charge a fee, so that your account doesn’t go into

the negatives. This is important as some banks won’t pay out a bonus if your account

has gone into the negatives.

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Closing Accounts

I’ve been able to close several bank accounts after getting my bonus by either calling or chatting

with customer service, but it’s going to vary by bank.

● Some banks require you to keep your account open for x amount of days, or else they’ll

forfeit your bonus, so make sure to read the fine print

For more information on closing accounts:

https://www.doctorofcredit.com/easiest-ways-close-bank-accounts/

Here are some banks (and credit unions, fintechs, etc) I’ve gotten money from so

far, with links 🙂 (offers and requirements can change at anytime, so make sure to always

read the fineprint)

CHASE BUSINESS CHECKING ACCOUNT- $300 bonus

Link: https://accounts.chase.com/business/share/2897205692 (this is a referral link, if

you end up using it, thank you! )

This account is AMAZING for most direct deposit requirements!! I highly recommend it

for its bonus and to meet DD requirements.

Requirements:

● “Deposit a minimum of $2,000 in new money within 30 days of offer enrollment

and maintain that balance for 60 days from offer enrollment.”

● And Complete 5 qualifying transactions* within 90 days of offer enrollment. (such

as debit card purchases, and ACH (credits) )

*Chase Business also has a $500 bonus for maintaining $10k.

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Gemini - $50

Get $50 after trading $100 in crypto

Referral link: https://exchange.gemini.com/register?referral=xmmaep52x&type=referral

(trade $105 since Gemini has trading fees)

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Current (Fintech) - $50

● To receive the $50, you need to receive a qualifying direct deposit of at least $200 within

the first 45 days of opening up your account

Use this link:

https://current.com/get-started/?creator_code=MARIEL244&impression_id=1d87dc59-9c88-4d7

4-beb0-7b9449247051 or code: MARIEL244 when signing up.

(btw: I do receive a bonus if you use my referral link/code, so thank you)

I highly recommend doing this bonus, as I received mine 2 days after my direct deposit hit my

account.

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Central Bank - $300 Bonus (available in: IL KS & MO, CO)

Requirements for bonus:

● Deposit $50 at account opening

● Have 2 Direct Deposits (of $250 or more) Within 90 Days Of Opening The Account

Use this referral link: https://secure.centralbank.net/refer-a-friend/RAF30045423903459

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Citi Bank - $325 Bonus

Requirements for Bonus:

● Have 2 or more direct deposits totaling $3000 or more within 90 days of account opening

(Zelle counts as a direct deposit too, which is nice)

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Webull Brokerage Promo - Get 3 or 20 free shares

My referral link:

https://www.webull.com/ko-yield/1728893110323-128e6e?inviteCode=tlOqWkKgpd3c&source=Low

AssetsStandard&hl=en

Requirements:

Deposit $100 and get 3 stocks worth at least $6 dollars

Deposit $500 and get 20 stocks worth at least $60 dollars.

● And maintain your initial deposit of $100 or $500 for 30 days

(I made my webull account so long ago that I never took advantage of their new user promo, so

if you haven’t made a webull account yet, do what I didn’t do and get those free stocks!)

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Get $150 total from Langley Federal Credit Union! Here's how:

Langley - $50

Fill your information on this page:

https://www.l1angleyfcu.org/forms/referral/864fde5a-f0e2-11ef-a190-bc764e2020f5

Then Langley will email you a unique referral code to apply during your application

Requirement for this bonus:

* 10 debit card transactions

Langley - $100

click this link to access $100 promotion: https://www.langleyfcu.org/nc

Requirement:

■ Spend a minimum of $50 using Langley debit card within 45 days of account opening.

And remember, to get that additional $50 from langley, enter the unique referrral code during

your application.

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On Path - $100 bonus

Use my referral link for bonus:

https://io.referlive.com/DXrPQY

get a $100 visa gift card from On Path after:

■ * Making fifteen (15) or more debit card transactions (excluding ATM transactions

* Having one (1) or more direct deposits totaling at least $250

My experience: I received my visa gift card in the mail 3 weeks after making these transactions!

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Chase - $300 Bonus

Requirements for bonus:

● “Have a direct deposit made to the account within 90 days of coupon enrollment.” (no

direct deposit minimum!)

Use this link: https://account.chase.com/consumer/banking/checkingandsavingsoffer

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OR Chase Savings + Checking - $900

Open up a chase savings and checking account at the same time and get a $900 bonus!

Use this link for offer: https://account.chase.com/consumer/banking/checkingandsavingsoffer (if

offer doesn’t appear, open it in incognito browsing)

Requirements for bonus:

● You have to complete both savings + checking account requirements for the $900

bonus.

● Again, for chase checking, the only requirement is to:

Have a direct deposit made to the account within 90 days of coupon enrollment.

And for chase savings, the requirement is to:

● Deposit a total of $15,000 or more in new money into savings account within 30 days of

coupon enrollment

● AND Maintain at least a $15,000 balance for 90 days from the coupon enrollment.

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BMO - $300 BONUS

Requirements for bonus:

● Have direct deposits totaling $4000 within 90 days of account opening

Link:

https://www.bmo.com/en-us/main/personal/checking-accounts/digital-offer/?COID=BMOP-0901

48-CHKDIGT&ecid=ps-DMDBAU9717CHK4-KLUM15&&utm_source=GoogleBrandHarrisIF&ut

m_medium=CheckingBOTW&utm_campaign=Brand_EN&utm_term=bmo%20harris%20checkin

g%20account%20bonus&gad_source=1&gclid=Cj0KCQiAyoi8BhDvARIsAO_CDsDMAapnK7gw

sbCPLIS8lJTAVwkAyCcCnGJoY67PsFad7sBri3kRLnAaAt91EALw_wcB&gclsrc=aw.ds

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Wells Fargo - $300 BONUS

Requirements for bonus:

● Open a new Everyday Checking with a minimum opening deposit of $25

● Receive a total of $1,000 or more in direct deposits to new checking account within 90

calendar days of account opening

Link:

https://accountoffers.wellsfargo.com/checkingoffer/?product_code=CHK&subproduct_code=RC

&sub_channel=SEM&vendor_code=G&collateral_code=25_Always+On_CSBB_25_CBD_DAQ_

BRN_KT_COM_Promo&dm=wells+fargo+bonus&&gad_source=1&gclid=Cj0KCQiAyoi8BhDvA

RIsAO_CDsAybct7sv-Q0NPb4yPYRenpnRlC_ddndiuvDqT11iODgIwTxUxTTHwaAtM2EALw_w

cB&gclsrc=aw.ds

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Capital One - $300 Bonus

Requirements:

● Receive at least two direct deposits, each of $500 or more, within 75 days of account

opening.

Link: https://www.capitalone.com/bank/offer300/

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Huntington Bank - $400 Bonus

Requirements:

● Receive total qualifying direct deposits of $500 or more within 90 days from account

opening

● Keep account open for 90 days

Huntington Bank also has a $600 Bonus that requires more deposits.

Link: https://www.huntington.com/checking-account-promotions-bonuses-offers

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SOFI - $520 Bonus

($300 from SOFI + $230 From swagbucks)

Link: https://www.swagbucks.com/cash-back-offer/121343/sofi-checking-and-savings

To get this bonus - 1) you want to sign up for Swagbucks.com first.

(Swagbucks is a website that gives users points for completing activities, such as signing up for

fintechs like SOFI. You can then redeem these points for a mastercard gift card, or money

that’s sent to your paypal account)

2) Then click on the “Claim Deal” button that will take you to Sofi’s website (this is how

Swagbucks tracks your activity to give you a bonus!!)

3) Once on SOFI’s website, you should see the $300 bonus that SOFI is offering. From there,

Requirements for SOFI Bonus:

● Must have $5,000 or more in total direct deposit

● First deposit must be a direct deposit of $400 or more

● You have 25 days after SOFI receives a direct deposit from you (of $1 or more) to fulfill

the total deposit requirement

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US BANK - $550 BONUS

($450 from US BANK + $100 FROM SWAGBUCKS)

Link: https://www.swagbucks.com/offer?oid=20771

Go through Swagbucks to get to US BANK’S website to get full $550 bonus

Requirements for US BANK BONUS:

● Make at least 2 direct deposits within 90 days

● The total of direct deposits must be $8000 or more to earn $450 bonus

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