Offer at a glance
- Maximum bonus amount: $50
- Availability: Nationwide, only available to current Discover credit card or deposit customers (if you have the Discover it or Discover secured credit card, you’ll be eligible)
- Direct deposit required: None
- Additional requirements: None
- Hard/soft pull: Soft
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Couldn’t find any mention of an EATF
- Expiration date:
December 15th, 2014March 31st, 2015 June 30th, 2015September 15th, 2015
The Offer
- Receive a $50 bonus when you open a Discover checking account
- You’ll also receive a 10¢ bonus for every one of the following you complete (limit of 100 per month)
- Debit card transaction
- Online bill payment
- Checks cleared
The Fine Print
- Bonus will be issued by April 30th, 2015
- Cannot be a current or previous Discover checking customer
- Offer only available to current Discover cardholders or deposit account holders
- Limit of one per customer and account
- Minimum opening amount of $25
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Our Verdict
I usually don’t post checking bonuses that are under $100, because after you pay taxes on them it doesn’t leave much meat on the bone. A number of people have e-mailed me about this offer and wanted my thoughts, which is why we’ve decided to list it. I’m personally not going to go after this bonus because I don’t want another ChexSystems inquiry for only $50 (minus taxes), that being said this might be an attractive option for some people considering how easy it is to complete the requirements. I’d recommend reading our list of the best checking promos first to see if there isn’t something with a bit higher of a sign up bonus that you’d like to complete instead.
One thing also worth considering is that a lot of people have reported receiving a targeted promotion of $25 for setting up a direct deposit after receiving this bonus, which bumps it up to $75 but obviously not everybody will receive this and it’s a bit of a hassle for some.
