Posted by William Charles on April 30, 2018
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Published on April 30th, 2018 | by William Charles

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[Expired] Denizen $100 Bonus – No Direct Deposit Required – Available Nationwide

This bonus has expired and is no longer available. Click here to view the best current checking bonuses.

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Nationwide
  • Direct deposit required: None
  • Additional requirements: Deposit $100+
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $0
  • Early account termination fee:
  • Household limit: None
  • Expiration date: July 4th, 2018

The Offer

Direct link to offer

The Fine Print

  • Bonus/Account Information: Account offer is not available to existing Denizen customers.
  • To receive the $100 Deposit Match bonus:
    • 1) Open a new Denizen account, which is subject to approval;
    • 2) Deposit $100 or more on first deposit.
  • After you have completed all the above requirements, we’ll deposit the bonus in your new account within 90 business days.
  • You can receive only one new Denizen account related bonus each calendar year and only one bonus per account.
  • Bonuses are considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
  • Only one denizen account per person (One SSN and/or One EU Tax ID). Multiple submissions under multiple emails or phones for one person can not be used. Submitting multiple applications may result in your Denizen account to be closed.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Early Account Termination Fee

If the account is closed within six months, the bonus is forfeit and deducted at account closing.

Our Verdict

I think whoever created the bonus page must be a doctor of credit reader, as they basically ripped off our ‘offer at a glance’ section. Sadly they didn’t include whether it’s a soft/hard pull though. Denizen is a start up that has been backed by BBVA, it looks like it’s mainly targeted towards those living abroad or working in different counties. They have no monthly fees, no ATM fees, no transfer fees and no foreign exchange fees.

You also receive a free Visa card (Mastercard debit card is for those in Europe). Overall that sounds pretty good, especially when coupled with a $100 sign up bonus. My only concern would be what exchange rate is being used, according to the knowledge base they use the prior days exchange rate for direct transactions and Visa/Mastercard set the rate for the debit card transaction. For consumers it’s basically impossible to get a better rate than what Visa/Mastercard set so this is a good deal. The general thought is that Mastercard offers slightly better rates than Visa, but it shouldn’t be a huge difference and tiny compared to cards charging 3% fees.

Looks like the opening process requires a passport and you need to show the passport and your face on video. It will also take up to 24-48 hours, so won’t know for sure if it’s a hard/soft pull. If it’s a soft pull then this bonus is definitely worth doing and would possibly replace Charles Schwab as the best account for overseas travel.

Big thanks to reader, Bob S who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Marcopolo
Marcopolo

LOL……. “I think whoever created the bonus page must be a doctor of credit reader”
You are famous Will. DoC has become a “go to” site for everyone including us (good) & banks (not good).

Brian C
Brian C

Who’s gonna take the plunge?

Waiting on inquiry DP’s. Can’t afford taking a chance of a HP on this. But otherwise looks good 🙂

JV
JV

Anyone apply or care to share if its a soft or hard pull?

Marcopolo
Marcopolo

Maybe the Denizen representative can throw some light on this since they are obviously DoC reader?

RoamingRedPanda
RoamingRedPanda

I tried to apply but can’t get the application to load.

Christopher Tamayo
Christopher Tamayo

I’ll try to post if it’s a hard or soft pull soon. I need to record a video and show my passport in the video.

Brian C
Brian C

they require a video of your passport!?

Marcopolo
Marcopolo

Soon they will require your DNA to open an account.

MoreSun
MoreSun

They want WHAT?!

Marcopolo
Marcopolo

Retina Scan through their mobile App
.
.
.
.
j/k 🙂

Christopher Tamayo
Christopher Tamayo

I just now got approved, definitely a soft pull. I just did an initial transfer of $120 and messaged them in app to see if it will qualify me for the $100 bonus. Will update their response and once I get the actual bonus.

T-Paul
T-Paul

Twitter rep just confirmed that it’s a soft pull.

Marcopolo
Marcopolo

Thanks T-Paul
welcome to DoC 🙂

Marcopolo
Marcopolo

What about other unknowns e.g. credit card funding, ChexSystems inquiry, Early account termination fee etc
You should really have FAQ and “fine print’ on the site.

JV
JV

Thanks T-Paul

CryptoChrist
CryptoChrist

Thanks, I will open one up today and follow-up with another data point.

Matt D.
Matt D.

I knew not having a passport was going to bite me someday, better here than at the border I guess.

Marcopolo
Marcopolo

Yet another requirement:
“Denizen is a mobile app only global account, and an application is filled out 100% through the secure mobile app”.

Tobs
Tobs

Hard pass.

john mccann
john mccann

A bank on my smartphone. I’m not ready for that,yet.

Johnny K
Johnny K

I tried applying in the U.S. and it didn’t work

meed18
meed18

Ugh, I let my passport expire! Well, I need to renew anyway, so I may as well do it now. I wonder if this bonus will still be around by the time I get a new passport.

Matt
Matt

No credit card funding. Not approved yet but in the FAQ it just says by bank account (linked account or ACH push).

Pat
Pat

Forked over my privacy for a (hopeful) $100. The video of my face reading the app-generated code went OK, then the 2nd video part to take a video of my passport was a little glitchy. 1) Get close: In focus but a cropped and incomplete view of my passport. 2) Back up: Out of focus, but the entire passport is in view. So I went with #1. Anyone else have the same experience?

Dan
Dan

same here

Christian
Christian

Passport authentication is usual business in Europe for bank accounts. I wonder what their strategy is with this product. Maybe they want to offer a product of that kind (US-Eropean Account) before Revolut and N26 enter the U.S. market (N26 probably without a borderless option).

Anyways, me being a German living in the U.S., this account could be of more value than just the signup bonus. Still not approved, but I will let you all know when that changes…

Yao
Yao

I understand passport authentication, but why do they need a video of the passport? Wouldn’t a scanned passport suffice? FWIW, Schwab offers global ATM access without needing to jump through this step. And they’re offering $100 bonus too.

Christian
Christian

It is much harder to tamper with a video than to photoshop your passport. On a video they are also likely to see holograms, etc, because you slightly move the camera.

Snorlax
Snorlax

Scanned documents are ridiculously easy to forge and there are even services selling them on demand for very little money.

https://krebsonsecurity.com/2010/12/reintroducing-scanlab-a-k-a-scamlab/

Christian
Christian

approved

GR
GR

I don’t care if it is a hard or soft pull since I won’t be applying for a new card so soon, in fact was thinking of applying for Schwab card today, so I am happy to be the DP. However, what I /cannot/ have happen is have it show in my credit, counting against 5/24. Could this do that?

Mike L
Mike L

Confirmed with their support, passport card is not accepted 🙁

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