10 Best Bank Promotions Without Direct Deposit Requirements

Saving money on bank promotions without direct does not have to be complicated. We rounded up the essentials so you can spend less and skip the guesswork.

Key Takeaways

• Share This content is for educational purposes only and does not constitute financial advice, advisory, or brokerage services.
• We may earn compensation from some links on this page.
• Below are the most attractive bonuses available that don’t require a direct deposit.

Share

This content is for educational purposes only and does not constitute financial advice, advisory, or brokerage services. We may earn compensation from some links on this page. Learn more.

Below are the most attractive bonuses available that don’t require a direct deposit. We also included investment brokerage accounts that have low deposit requirements and minimal activity needed.

BankMinimum depositMinimum bonusRaisin$10,000$75Stash$5$30MoneyLion$0$5Upgrade3 Debit card transactions$200Cash App$5 (must send)$5Greenlight1 Monthly fee$30U.S. Bank$5,000$400Alliant Credit Union$1,200 ($100 x 12 mos.)$100Citi$30,000$750Citi Business$5,000$300

Each bank on this list is either SIPC or FDIC-insured and is available in most states. 

Table of Contents

Toggle

• Ranking Methodology
• #1. Raisin
• #2. Stash
• #3. MoneyLion
• #4. Upgrade
• #5. Cash App
• #6. Greenlight
• #7. U.S. Bank
• #8. Alliant Credit Union
• #9. Citi
• #10. Citi Business Checking
• Other Bonuses Worth Checking Out
• Tips for Success

Ranking Methodology

We ranked these bonuses by net profit after fees and time investment:

1. Annualized return. Bonus amount divided by deposit requirement and holding period (see bank bonus yield calculator)
2. Total fees. Monthly charges, early closure penalties, and hidden costs
3. Qualification complexity. Number of requirements and failure points
4. Minimum capital needed. Deposit threshold to earn the bonus

#1. Raisin

Bonus:Up to $1,000Account type:Savings platform (partner banks and credit unions)Requirement:Sign up with referral code raymondw059011, deposit at least $10,000, and maintain that balance for 90 days.Holding period: 90 daysFees:None

Raisin offers tiered bonuses based on your deposit amount:

• $10,000-$24,999: $75 bonus
• $25,000-$49,999: $250 bonus
• $50,000-$99,999: $500 bonus
• $100,000+: $1,000 bonus

The platform provides access to high-yield savings accounts, CDs, and money market products from over 75 banks and credit unions. Your funds are placed directly with partner banks, giving you FDIC insurance coverage up to $10 million across multiple institutions.

Unlike traditional banks that may require direct deposit or debit card activity, Raisin’s offer is purely balance-based.

Copy the Referral Code and Visit Raisin function copyAndOpen() { var copyText = document.getElementById("copy-input"); // Make the text field visible temporarily copyText.style.position = 'static'; copyText.select(); copyText.setSelectionRange(0, 99999); // For mobile devices document.execCommand("copy"); // Hide the text field again copyText.style.position = 'absolute'; copyText.style.left = '-9999px'; // Custom notification instead of alert (optional) var notification = document.createElement('div'); notification.innerText = "Referral Code Copied!"; notification.style.position = 'fixed'; notification.style.bottom = '20px'; notification.style.right = '20px'; notification.style.backgroundColor = '#4CAF50'; notification.style.color = 'white'; notification.style.padding = '12px 24px'; notification.style.borderRadius = '4px'; notification.style.boxShadow = '0 2px 4px rgba(0, 0, 0, 0.2)'; notification.style.zIndex = '1000'; document.body.appendChild(notification); setTimeout(function() { document.body.removeChild(notification); }, 3000); // Open the new tab with the specified URL window.open("https://www.thewaystowealth.com/affiliates/raisin", "_blank"); }

#2. Stash

Bonus:$30 in stock or cashAccount type:Personal Portfolio or Stash BankingRequirement:Open a new account and deposit at least $5 using a verified referral linkHolding period:90 days (funds and reward must remain invested)Fees:Subscription fee starts at $3/month (Stash Growth plan)

Stash is currently offering $30 when you open a new account and deposit $5 using a verified referral link. To qualify, you must keep both your initial $5 deposit and the $30 reward invested for at least 90 days.

That means you’ll pay three months of Stash’s $3 subscription fee , a total of $9.

Assuming no change in your investment value, you’ll earn about $21 in profit before taxes once the holding period ends.

Stash’s platform is designed for beginner investors and includes features like automatic investing, educational tools, and a debit card that earns stock as you spend.

However, the $3 monthly fee slightly reduces the overall return.

You can learn more on our Stash promo page, which explains each bonus and its requirements.

Visit Stash.com

#3. MoneyLion

Bonus:$5Account type:RoarMoney checking accountRequirement:Open a new accountHolding period:NoneFees:$1 monthly account fee

MoneyLion offers one of the most straightforward bonuses in the banking world. You can earn a quick $5 just for opening a RoarMoney checking account.

Here’s what makes this offer stand out:

• Unlike most offers, you don’t need to deposit any money to qualify.
• There’s no requirement to set up a direct deposit to qualify. If you choose to do so, you can earn an additional $50.
• The $5 bonus is typically credited to your account within a few days of opening.
• This bonus is accessible to almost anyone, regardless of income or banking history.
• There are no fees for closing your account.

The account does come with a $1 monthly fee, but considering the ease of earning the bonus, it can still be worthwhile.

Learn more at our MoneyLion referral bonus page. or sign up for a RoarMoney account through the MoneyLion app or website to get the bonus.

Final Thoughts

Before you check out, double-check bank promotions without direct against current offers and any coupons you can stack. Small habits like this add up to real savings over a year.

Originally published at thewaystowealth.com.