Banks offer among the highest signup and referral bonuses found in Referral World! I made this featured post to highlight these bank bonuses, also providing info and tips to trigger them. I've organized the banks into three categories for your convenience:
Banks with no Deposit or Spend Requirement
Banks with a Spend Requirement
Banks with a Minimum or Direct Deposit Requirement
FAQ:
Q: Can I sign up for more than one bank?
A: YES! Of course, there are factors that play into how many you will be approved for, but in general, you can sign up for more than one bank.
Q: Do banks do a hard pull on my credit report?
A: For the most part, no. In fact, most banks don't use your credit report when you apply for a bank account. They use a separate, internal consumer banking report showing your banking history. Sometimes, a bank will use ChexSystems, which can deny you an account if the bank deems you to have too many accounts or considers you too big a risk for them to take on. In certain circumstances, a bank might do a soft pull on your credit report to view your open and closed credit accounts, loans, and details about your payment history. The only time you'll typically ever see a hard pull from a bank is if you apply for a loan or line of credit through them.
Q: Can I get around the direct deposit requirement?
A: It depends on the bank. Some banks have closed previously existing loopholes, but there are multiple ways to trigger many of these direct deposit bonuses, such as:
Gig or delivery jobs, such as DoorDash, Uber Eats, etc. Connecting your bank to these gig apps will often trigger the direct deposit bonus as you get paid from the gig apps.
If you receive direct deposits from your employer, you may be able to split your direct deposit into designated portions for more than one bank. See this example of a multiple direct deposit form. Let's say you wanted to trigger MoneyLion's $50 direct deposit bonus, which requires a $100 direct deposit. You could open a MoneyLion account and submit a direct deposit form to designate that $100 goes to MoneyLion, and the remainder of your paycheck goes to your current bank. This process is even easier for some, as many companies use services such as Paychex Flex, allowing employees to make these changes themselves. You could, in theory, do this each time you sign up for a new bank with a direct deposit requirement.
Sometimes, an ACH transfer from another bank will trigger a bank's direct deposit requirement. The Found app is an option for triggering bank deposit bonuses by transferring from Found to the target bank.
Getty Images
Banks with no Deposit or Spend Requirements:
MoneyLion [Increaed Bonuses] - https://bit.ly/moneylionbonus - code $55BONUS - MoneyLion's Quick $10-$60 Bonuses are back through 4/30! Easy $10 when you sign up using my link and code and open a free RoarMoney Checking Account. No deposit is required; the bonus typically takes 1-3 days to post. Comes with a virtual card. Get another $50 bonus when you receive a qualifying $100+ direct deposit within 60 days. Get up to $60 in referral bonuses for each person who signs up using your referral bonus and completes these steps.
PrizePool [Added 4/7/24] - https://links.getprizepool.com/PAPmJ7kJAIb - code 8B329 - A banking app (similar to Yotta). Signup and get a wheel spin to score an instant $1+ bonus. "Referral Rush" wheel spin that gets you an instant, guaranteed $1-$100 for every referral. Weekly drawings and multiple ways to score free money! More info here.
Banks with a Spend Requirement:
Boeing Employees Credit Union (BECU) -
We can each earn $100 when you join BECU and open a savings and checking account.Sign up online, by phone - 206-439-5700 - or at a BECU Branch and keep acct. opened for 90 days. You must use both these codes when signing up:
promo code: REFER
my unique referral code: 1412508
Complete ten required transactions within the first 30 days of joining BECU, including:
Make purchases using your BECU debit or credit card.
Write paper or electronic checks.
Make payments using BECU bill pay.
Keep your accounts open for at least 90 days.
This deal is targeted toward WA, ID, OR members but is available nationwide if you make a $6 recurring donation - you can cancel it before you are billed a second time - or a one-time $10 donation at https://www.kexp.org/donate (KEXP is a nonprofit arts organization serving music lovers through in-person, broadcast and online programming).
Broxel [US/Mexico] - https://bit.ly/Broxel - $15 signup bonus when you open a new Broxel account, verify your identity, activate your card when it arrives in the mail, and make $100 or more in purchases within 45 days.
Cash App - https://cash.app/app/NDXTLPJ - Get an INSTANT $5 bonus when you sign up for Cash App using my referral link and enter referral code NDXTLPJ in the app once you've downloaded the app and signed up. Once your account is set up, you'll need to pay somebody $5, and you'll instantly get an instant $5 bonus.
DCU (Digital Credit Union) - https://refer.dcu.org/dcu/oard/default.aspx?referrer=v32j-e869 - $20 signup bonus! Unlimited $10 referral bonuses!
Note that this is technically a Massachusetts-only promotion, but you will still qualify by making a one-time $10 donation to fund education during the application process! Last year, I earned $2,200 from signup and referral bonuses.
Instructions:
Sign up;
If outside Massachusetts, make a one-time $10 donation to fund education;
Deposit $5 into your savings account (this is standard for credit unions since you're buying into a member-owned business). This gets refunded to you if/when you close your DCU account;
Deposit $5 into your checking account (be sure to add free checking when asked);
✅ Set up direct deposit of payroll, retirement, Social Security, or other monthly recurring income.; OR
✅ Make 5 debit/credit transactions, bill payments, balance transfers or "pay a person" transactions within the same calendar month; OR
✅ Apply for a vehicle/boat/RV/mobility loan (purchase or refinance).
Once triggered, your bonus will be posted to your account in 2-4 business days!
Click here to email me if you have any questions about DCU!
Future [Added 3/9/24] - https://getfuturecard.com/22202928232726 - Get $5 instantly when you sign up and load $10 into your account. Get another $15 when you spend $50 anywhere! $15 referral bonuses, as well! The $15 bonuses post as soon as the spend transactions clear (within a day, typically) See my featured post here.
Klarna - https://invite.klarna.com/us/a9geczna/default-us - Get $10 off a $10+ purchase at any of Klarna's 20,000 partner stores - including Instacart, Shein, Macy's, Coach Outlet, and Sephora -within seven days! And for every friend you refer (up to 10) that does the same thing, you'll receive $50 off your next $50+ purchase! That's up to $510 in bonuses! Note that Klarna is not technically a bank but provides online financial services such as payments for online storefronts, direct payments, and post-purchase payments.
Modak - https://app.modakmakers.com/auth/parents?signup=true&referral_code=MEGOWA8JYE - code MEGOWA8JYE - $10 instant + $10 teen bonus opportunity applied within one business day!
For this one, you'll need two emails and two phone numbers (one for the parent, one for the teen ages 13-17).To earn both $10 bonuses:
1) Sign up for your parent account and complete the brief KYC.
2) Once approved, create a teen account.
3) Deposit $10+ (more if you wish) into the PARENT account and then send the $10+ over to the TEEN account. This will trigger the $10 send bonus, deposited into the teen account within one business day.
4) Spend $5+ anywhere to trigger the $10 instant bonus, which will be applied to the parent account (p2p transactions don't count, but invoices or reloading your Amazon gift card account work, for instance).To earn just the $10 instant bonus (and not the extra teen bonus), complete the same steps above but fund the teen account with $5+ instead of $10+ (so you can complete the $5 spend requirement).
Note that SSN is required for the parent account but not the teen account.
One Finance [Added 2/23/24; US Only] - https://hello.one.app/e/referral-BrettN-708b1afb - $20 signup bonus when you spend $20 anywhere. Comes with virtual card! Typically posts to account in one 24+ hours (usually same-day). $20 referral bonuses, as well! See my featured post here for more info!
PayPal - https://py.pl/1Zy7dQmoGtI - Get $10 when you sign up and spend or send anyone (except your referrer) $5 within 30 days.
Revolut - https://www.referralworldnews.com/revolut - No signup bonus, but Revolut offers great referral bonuses ranging from $50-$120+ for up to 5 referrals during the promotion period. To be a successful signup, you must open a free account, deposit $30 or more, and make three $10+ purchases. You can also create virtual cards on the fly, which can be used for Instacart.
Varo - https://varomoney.com/r/?r=John1859 - Get $25 when you sign up and spend $20 using your Varo debit card ANYWHERE within 30 days of signing up. $25 referral bonuses as well!
Banks with a Minimum or Direct Deposit Requirement
Chase Bank [US Only] - https://accounts.chase.com/raf/share/2735652016 - Get a limited-time, increased $300 bonus when you open a new Chase Total checking account and have one or more direct deposits made to your account within 90 days. You can easily trigger this if you work for DoorDash, Uber Eats, etc. Chase technically requires $500 in direct deposits, but any amount works. You could simply attach your Chase card to your gig app, make one delivery, and trigger the bonus as soon as you get paid for the delivery! You can also trigger the bonus by connecting Chase to your SurveyJunkie, Survey Spin, or Field Agent app. $50 referral bonuses, too! See my featured post here for more information.
Chime - https://www.chime.com/r/johnmegowan/ - Get $100 when you receive your qualifying deposit of $200+ within the first 45 days of opening your new Chime Spending Account. US only. This can easily be triggered by using Chase (or a similar major bank). In the Chase website/app, connect Chime as an external account and transfer $200+ from your Chase account to your Chime account (from within your Chase account). $100 referral bonuses, as well! Note: Chime is one of the banks that Webull accepts.
Current - https://current.com/get-started/?creator_code=JOHNM363 - Code JOHNM363 - $50 signup bonus when you receive a qualifying ACH/direct deposit of $200+ in your first 45 days. $50 referral bonuses. Current is an online-only banking service that you access using a mobile app. Features include fast direct deposits, instant credits for gas holds, parent and teen accounts, and saving pods. Email me if you're interested in this one for how to trigger the direct deposit bonus!
Juno (formerly OnJuno) - https://juno.finance/referral/XDJPW39B - $25 bonus when you sign up and fund your Juno wallet with $50+ 10,000 $JCOIN referral bonuses, as well, which can be used to withdraw to cash, redeem gift cards, and more. It comes with a virtual card!
MoneyLion [Increaed Bonuses] - https://bit.ly/moneylionbonus - code $55BONUS - MoneyLion's Quick $10-$60 Bonuses are back through 4/30! Easy $10 when you sign up using my link and code and open a free RoarMoney Checking Account. No deposit is required; the bonus typically takes 1-3 days to post. Comes with a virtual card. Get another $50 bonus when you receive a qualifying $100+ direct deposit within 60 days. Get up to $60 in referral bonuses for each person who signs up using your referral bonus and completes these steps.
Stash - https://get.stash.com/john_h88crts - Earn $20 of bonus stock when you join Stash using my referral link and add ANY AMOUNT - even a penny - to your personal investment or bank account from any source. You can also choose a $20 cash bonus instead of the stock reward. Stash also frequently holds Stash Stock Parties, where members can get a piece of whatever stock Stash offers by signing in to claim it during the party. My recent free scores include Apple, Google, and Tesla! $20 referral bonuses as well, up to $1,000 in bonuses per calendar year. Terms here.
Strike - https://invite.strike.me/QV54YC - referral code: QV54YC - INSTANT $5 signup bonus once your account has been approved and you deposit $1. INSTANT $5 referral bonuses, as well! This payment app is a no-brainer since it's ridiculously easy to sign up for.
Upgrade - https://upgrade.com/r/8QTJFKEmK3 - Earn $150 when you open a free checking account and make $1,000 in direct deposits within 45 days; $50 referral bonuses. Earn up to ten referral bonuses per calendar year (plus your signup bonus).
Yotta - https://join.withyotta.com/JOHNGZHXXOL5 - code: JOHNGZHXXOL5 Get $5 when you sign up and make $10 in currency pack purchases. $10 referral bonuses!
If you have questions about any of these bank bonuses, or if you have a great bank bonus you don't see on this list, email me and let me know!
Disclaimer: This blog is intended for entertainment purposes only. Do not rely on this blog in making decisions about your own credit. You are responsible for your own actions. The achievements described in this blog are the results of careful research, analysis of applicable terms/conditions, etc. You have the sole duty to exercise caution. No opinions expressed in this blog shall be construed to create any legal duty to you by any person/entity.
Check out my profile, where you can follow me and find my latest posts! You can also check out the latest Referral World News (www.referralworldnews.com) and find more great signup bonuses at www.referralworldnews.com/referrals!
