Posted by Chuck on July 16, 2017
Expired Savings Account Bonuses

Published on July 16th, 2017 | by Chuck

125

[Expired] Discover Savings $100 Bonus with $15,000 Deposit

Bonus has expired, but there is a better offer now available for $150/$200.

Bonus is expiring soon, as it’s one of the best savings accounts we are reposting. Make sure you regularly check the deals calendar so you can view what deals are expiring soon.

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Nationwide
  • Direct deposit required: None
  • Additional requirements: Deposit $15,000
  • APY: 1.10%
  • Initial Deposit: None
  • Hard/soft pull: Soft
  • ChexSystemsChecking does have Chex inquiry
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: None mentioned
  • Expiration date: May 15, 2017 July 17th, 2017 August 21st, 2017
  • Insured: FDIC

The Offer

Direct link to offer

There’s no landing page for this offer, but on the third page of the application there’ll be a promo code box. After inputting the promo code, you’ll see the terms of the offer. APY on this account is now 1.10%

The Fine Print

  • Apply for your first Discover Online Savings Account (OSA) by 8/21/17
  • Deposit at least $15,000 by 9/5/17
  • Not available to existing or previous Discover savings customers.
  • Bank account bonuses are treated as interest and you’re required to pay taxes on them.

Avoiding Fees

There are no fees to with this account.

Discover does not have any minimum balance requirement, and you can withdraw all the funds after opening the account and fulfilling the $15,000 deposit requirement.

Early Termination Fee

There’s no mention of a fee for closing the account at any time. Note that you need to leave the account open until March 31st or whenever the bonus posts.

Our Verdict

This bonus is very often available, but usually it requires an affiliate link which we don’t use on our site; this current offer is a public one. We’ve been trying to get Discover to do a DoC only deal, but limited progress has been made.

This deal is pretty good if you can float $15,000. It doesn’t look like there is any deposit requirement length, so you should be able to deposit $15,000 and then immediately withdraw it. In the past bonus has posted around 5-15 days after the $15,000 requirement has been met.

Lots of people like the Discover bonuses since they are so easy to do, and the interest rate offered on the account is decent too (though not the best around). We will be adding this bonus to our list of the best saving account promotions.

Hat tip to Mehuk

Useful posts regarding bank bonuses:



125 Responses to [Expired] Discover Savings $100 Bonus with $15,000 Deposit

  1. lingua says:

    Did the last one in January and the bonus posted 8 days after deposit. Pulled most the money and have kept open as a DD option since it’s once per lifetime anyways and the interest is ok.

  2. Ritesh says:

    dumb question, how do you deposit 15k at once since they dont have a branch

  3. Nab says:

    @Chuck – Do you have to have a Discover card to be eligible?

  4. Mark O says:

    Could you cycle through the money – deposit 5k pull it and then redeposit it etc. or do you need to have a 15k balance all at one time?

  5. Jan says:

    Would the bonus work if I have the discover checking already?

  6. kk says:

    About a week ago I received a letter from Discover bank that they will close my checking account. This was sudden and out of no where. Wonder if anyone else had a similar experience? I opened the account about 4 years ago and never used it that much except for a couple of transactions a month on average.

    • Might just be due to inactivity. Did you try calling them?

      • kk says:

        I ‘ve used this account more frequently than ever in the last month or 2 wtih debitize and few DD for Raise. Those would be around 5-6 transactions per month in total, if not less.

        I did and they weren’t willing to tell me more than it was just a “business” decisions. I didn’t fight, but it was sure frustrating and uneasy to think that banks can close your accounts just like that.

        I opened only 2 other checking and their Savings accounts last year (totally 4)

    • Chuck says:

      They said because of now balance, right? I once got the same. Just leave $1 in there.

    • Albrecht says:

      They have a dedicated department called “Account Protection” or some such important name which has unlimited powers to slice and dice. Our entire extended family had accounts with the bank, but because we linked them for occasional transfers from one to another, the said department nuked all of them, including any accumulated bonuses & remaining balances (thankfully < $10).

    • Ven says:

      I recently received a similar letter but not saying as closing the account, but to warn me saying exceeded more then federal regulated withdrawal transaction limit, which is maximum 6 transaction per a calendar month. since I am not aware of this rule, from this month I am using it as my primary bank to pay my rent/CC bills. hence crossed 12 transactions. Even trail deposit and withdraw from other bank also counted as one tran.

      When I called CSR, she said there would be $15 transaction charge on each transaction (have 6 more trns then allowed limit). If this is repeated more than once in a calendar year, Discover will close your account.

      since this is first time, I am not sure whether they can forgive me with out a $15*6 charge, but CSR told to call back once statement is generated.

      hope this info helps few more folks around.

      • Albrecht says:

        Any Savings account has a limit of 6 withdrawals / month. Don’t use it to pay bills, only as an exception (like a mortgage) and watch it like a hawk. Ally bank actually shows the # of outgoing transactions left for the statement period.

    • Elena says:

      Found this on Wikipedia:
      “Regulation places a limit of six withdrawals or outgoing transfers per month. […] “Penalties” or fees vary by financial institution. Discover Bank, for example, will close a savings account if Regulation D is exceeded 3 or more times in a 12-month period.”
      Full article is here: https://en.wikipedia.org/wiki/Regulation_D_(FRB).

      I had no idea that this regulation exist, thank you for bringing my attention to it!

  7. Olly says:

    I’d love to do this, but they won’t open savings accounts for aliens who aren’t permanent residents any more. They’re perfectly happy to lend me $40k unsecured via my Discover credit card though – figure that one out!

    Hopefully they’ll still be offering this when I get my green card in a few months…

    • Nihao says:

      On the application they say “U.S. Resident Aliens” is ok. That means you either have a green card, or have been in the US long enough this year (substantial presence test).

      So non-permanent residents can apply no problem.

      • Olly says:

        They’ve changed the application form since my comment back in February – if you said no to the US Citizen question it used to specifically ask if you were a Permanent Resident Alien and if you said no it popped up a message saying that they couldn’t accept your application at this time.

        It looks like I can take advantage of this now 🙂

  8. saratkiran says:

    I have a good amount in Discover checking. If I open Discover savings and transfer from checking to savings does it count in the 15000$ ?

    Thanks

  9. Jake N says:

    DP:
    1/31 – opened account (under old promo)
    2/3 – initial $500 deposit posted
    2/6 – ACH $15k from Ally
    2/16 – $100 bonus posted

    I use Discover as my primary checking account, so will likely keep this open with some nominal amount just to maintain the relationship. I find their app, site, service and transfer speeds to be pretty solid. Only downside is not being able to deposit MOs from mobile.

  10. Ryan R says:

    Has Discover historically had any better savings account bonuses? I’m inclined to go ahead and do this offer, but would prefer to just hold out if there’s likely to be a $200 or $300 bonus at some point in the future (since it looks like there’s no possibility to churn with Discover).

  11. Ryan says:

    2/22/17 – Opened account
    2/23/17 – ACH $15k from Ally
    2/24/17 – $500 opening deposit posted
    3/2/17 – $100 bonus posted

  12. Jdoc13 says:

    2/15: Opened Discover savings account online and funded with $15,000 transfer from Ally; online access setup
    3/2: $100 bonus received

  13. MontyFC says:

    How long do I need to keep the money in the account to qualify?

    • Den says:

      As per post: “It doesn’t look like there is any deposit requirement length, so you should be able to deposit $15,000 and then immediately withdraw it.”

  14. mark says:

    My bonus posted very quickly. Deposited the coin on Feb 21 and received the bonus on March 2.

  15. kiloWUTT says:

    When is the earliest I can close this account? Does it benefit me by leaving it open somehow?

  16. TJ says:

    Since this expired, I used a NerdWallet link. Does anyone know if the bonus still posts quickly with an affiliate link?

    ACH’d $15k from Alliant on 3/8, still waiting for my $100. 😀

  17. Michael Bye says:

    I applied under offer code SAVE117D1 on 2/25. My bonus did not arrive by yesterday’s 3/31 deadline. I secure messaged them about it. Their response was that an expired code was somehow applied to my account and I did not meet the requirements of that expired code. I have since provided them the screenshots of my application showing which code and offer details I signed up under. They said they will get back to me on the matter in 2 – 3 weeks. This is my first bonus I have ever had to fight for and was not expecting Discover to be the one to do it.

    • David says:

      I don’t think they have ever had a different promotion.

      • Michael says:

        I never received responses from my account but the bonus was credited on 4/17 (17 days late). I will be moving the money out and closing with my first bad Discover experience after many good experiences previously.

  18. Charlie says:

    Does anyone know if there is a household limit? May as well get it twice if possible

    • Gmoney says:

      No household requirement but once per lifetime for the individual. I did mine last year and wife’s this year so you should go for it.

  19. David says:

    I’m still waiting for their checking bonus to come back…

  20. LagerBack says:

    Are discover savings accounts Churnable? Or once in a lifetime like Capital One 360?

  21. KS says:

    Discover Bank has updated it’s APY to 1.01% as of today. May want to update “Offer at a glance”.

  22. JL says:

    I received the same offer, but from Mint.com. Open account by 5/31 using offer code: MINT417 and deposit $15k by 6/15. Bonus will be credit by 6/30.

  23. Cory says:

    4/25: signed up for bonus offer using a promo code from another blog
    4/27: deposited 15k from chase checking account
    5/1: receive email that my account is suspended and funds frozen due to suspicious activity. I call them and they say “oh we just wanted to verify that it was you who opened the account”…yes it was me, do they freeze everyone’s account who signs up and makes a deposit? What a lame experience. I wont be using Discover again.

    • Dave says:

      It happens every once in a while with every bank, so don’t take it personally or take it out on Discover. It just happened to me when I tried to move a similar amount to Chase. The Chase fraud people held it up for a few days. Sign of the times. I don’t think Discover was doing it to be a-holes. I have actually found them to be quite friendly.

  24. Dan says:

    All my deposits posted by apr 26.. still haven’t seen bonus.. also took a long time for deposits to post. No one has confirmed whether you still qualify for bonus if you withdraw under 15k before then.. can anyone confirm?

  25. KS says:

    Bonus posted today as well.

    DP:
    05/01/2017: deposit $15k from Discover checking
    05/05/2017: $100 bonus posted

  26. NN says:

    DP:
    5/9/17 $15k deposited to acct.
    5/13/17 $100 posted

    Thanks DoC 🙂

  27. Steve says:

    DP:
    4/24/17 – Account opening
    5/3/17 – $15k in deposits complete
    5/15/17: $100 Bonus!

  28. Trippy says:

    So it needs a $15k balance and not cumulative deposit of $15k?

  29. Mehuk says:

    Just received this offer in the mail. The new expiration date is open by 7/17/17, deposit by 7/31/17 and bonus will be posted by 8/15/17. The new APR is 1.01%. Go here. Discoverbank.com/save517d2

  30. JASON says:

    Discover online banking track down your I.P. address every time when you login. My online checking account was open last year, around August, was shut down without any notice twice and I spoke with the manager and finally got back my online account. I forgot if I did that for their saving account bonus at that time. But anyway, at first my account was shut down was due to their so-called business decision, spoke with a CS over the phone and was told I login to three accounts from the same computer. That was right because at that time I helped my parents to register their own individual checking account too since they don’t have credit card so the 10 cents reward per transaction sounds good when they make small purchase such as $0.25 parking or even $10 supermarket grocery. So of course they shut down my parent’s account too. And I was only fighting for mine since I did ACH a few K into the saving as well. CS said I login into three accounts from one single computer. My argue point is that we are living in the same place, using the same wifi, so even we have our own individual computer it would eventually show the same I.P.. And in reality, even there is access from the same device or simply saying the computer, how can you block one’s account just because of that?

    Another DP I want to bring out is that Discover is famous for very slow ACH out. I ACH money out on Monday and will only receive in the other account on Thursday. I don’t even think the $150 deal is attractive at all. I like their reward debit card but I never park any money now in the discover saving. I keep a monthly balance less than $50 on checking only.

  31. John says:

    They increased the savings rate to 1.10%, with the promo offer it seems like a good offer.

  32. Jatan says:

    6/5 Opened and funded account (used their online bank transfer)
    6/8 Funds deposited
    6/9 Funds available
    6/19 Received $100 bonus

    Opened the Discover AAA savings account just now and moved the funds to there — will see if that bonus posts or not

  33. Mike says:

    I first opened the AAA Discover saving account a few days ago and received the $100 bonus. Will I be eligible to this bonus if I open regular Discover saving account ?

  34. Jim says:

    6/7: account opened
    6/13: 15k deposit posted

    Still no bonus as of 7/1. I’m afraid I screwed this up since it’s taking so long.

    Is there a way I can verify that I put in the promo code when applying?

    • MoreSun says:

      Check again? I just saw my bonus pending to post 7/3, it wasn’t there yesterday morning when I looked.

  35. Michael says:

    Worst online bank ever!
    I opened my account about a week ago and made the ACH transfer of $15K from my Ally Saving. Once the money was cleared at Discovered, I did another ACH transfer from Discover to the Ally account.
    After that an 800- number was trying to call me consistently during my working hours. I couldn’t answer my phone while I am working, and no voice message was left. I presumed this was a scam or a telemarketing call.
    Today I got an email from the Discover that my account is suspended and I have to call their number to resolve an issue!
    So I called. Ater the rep confirms my identity he unsuspended the account, he said they did that to protect my money! Really?!
    They never said that an ACH transfer to the same bank account (where the money came from originally) requires a phone call! They never left a voice message saying that it is them and I should return the call. They never sent an email prior suspension!
    I forgot to mention that they also cancelled the ACH, and I needed (after unsuspending the account) to do another ACH to get my money out, loosing few days without a reason!

    • Adam L says:

      I dunno, Michael. None of that sounds completely unreasonable. They were trying to confirm you were the person taking $15,000 out of your account. In the end, what did you lose? A few days with your money in their bank instead of the one you want it in? Sounds to me like normal stuff you should expect when playing the bank bonus game.

      • Michael says:

        I dont mind they confirm, the problem is:
        – The money is transferring back to the SAME account it came originally from, it was a hacker, it would be a new bank account. That is why when you link bank accounts, it should no longer an issue with transfers.
        – Why they didn’t leave a voice mail or sent an email before suspending the account and cancel a transaction that is 100% legitimate.

        I have dealt with a lot of banks in my life, never seen it like that before

        • Mimi says:

          I have to agree with you this. When I don’t recognize phone numbers I check for a voice message and ALL banks leave me message regarding the purpose of their call so I can identify them when they call again. If they don’t leave any voice message, I consider them as one of those timeshare reps who keeps on calling once I answer my phone.

        • Michael says:

          Just to let everybody knows. Despite that the customer service confirmed that my transaction will go through this time, I received a call from an 800- number right now to “verify” the transaction! Thankfully I was able to pick up this time and verify it otherwise it would be cancelled for the second time!! That is crazy!!

  36. Adam L says:

    DP:
    6/19 – Opened Account
    6/21 – Verified Trial deposits
    6/26 – $15K initial deposit posted to account
    7/1 – Bonus showed up in account with a post date of 7/3

  37. MoreSun says:

    6/21 deposited 15K
    6/23 withdrew 15K
    7/3 bonus shows will post

  38. Peddi says:

    I opened discover AAA and this account at the same time and I already received the bonus for AAA. I didnt receive the bonus for this account. When I sent a secure message to customer service, I got a reply that since I already got the AAA bonus, I cant get bonus for this as well. Did anyone get bonus for both the offers? TIA

    • MontyFC says:

      If you have AAA saving then it disqualifies you from other Discover saving account bonus.

      You should have got regular saving bonus first and then AAA. That’s what others did here.

      • Peddi says:

        oh OK I didnt know that 🙁 I should have paid more attention. I opened both the accounts on the same day within few hours. Since AAA was ending soon I opened it first and then the regular account. Lesson learnt.

      • LC says:

        I’m not sure that is true… they are supposed to be considered different bonuses. I would CFPB it

      • chris a says:

        I would CFPB it as well and see if you get lucky in getting the 100 bonus for regular savings.

  39. Sa says:

    I read through the DoC post and the comments. I could not find out what are the restrictions for the deposit of the 15k. Anyone received the bonus for several deposits amounting to 15k altogether? Anyone received the deposit after withdrawing the 15k or all had to leave the money there until bonus posts? Thanks.

    • NN says:

      several deposits total of 15k, yes. I did 2 deposits
      withdrawing before 15k, not sure since I left mine until bonus posted. However, it posted really fast in my case, within 3 days after 2nd deposit cleared.
      hope that helps

    • Klad says:

      At some point you need to have 15K in your account as posted transactions.. after that you can withdraw it, rest assured bonus will soon come.

    • JimW says:

      I received the bonus with several deposits that added up to 15K; left 15K total in the account until bonus posted just to be safe. But yes, you will receive the bonus by making multiple deposits that total 15K, it does not have to be a single deposit.

    • Sa says:

      Thank you NN and Klad.

  40. kevin says:

    Already did the AAA one…damn it. Should’ve do this one first.

  41. MP says:

    I had a hell of a time with the 15K transfer and was really pissed off, but later found out that most banks have the same restrictions these days. I just hadn’t moved bigger amounts of money for years. It finally went through, though. I was told their limit was 5K; however, it was never mentioned anywhere online when I was applying. The bonus posts really quickly or at least mine did after a number of fights and because I told them to close the account if they can’t do the transfer. Customer service is available, but quite incompetent, unlike Discover CC. Either the left hand doesn’t know what the right hand is doing or you get some stupid form letter that doesn’t answer your question.

  42. Aaron says:

    Be a bit careful depositing and transferring the funds too quickly. I did it 2 days apart and the account was frozen due to suspicious activity. Also went through a strange series of events in which they closed my account erroneously because they switched it up with someone else’s, not typical i’m sure but gave me a very uneasy feeling using Discover.

  43. MP says:

    It’s also ridiculous that the banks themselves (granted, mostly thanks to federal regulations) make you look like a criminal. Some time ago I read about something new to me, the so-called “structuring.” Well, that’s exactly what it looks like when you’re forced to do 2 or 3 transfers of equal amounts instead of the transfer you intended to do to begin with. Discover said that only the initial deposit is such a hassle and their normal limits are high indeed. Would’ve been nice to tell you that beforehand, though!

    It’s just unfortunate that most online banks don’t give you a checkbook. When I opened the Chase savings account, I simply wrote a check for 15K (Capital One does provide a checkbook) and everything was done quickly and uneventfully, just the way everybody likes it.

  44. Mike says:

    Met the requirements 3 weeks ago, still no bonus.

  45. Muad'Dib says:

    7/11 deposited 15K
    Discover sent a secure message that bonus will post 8/15
    Planned on moving funds out unless there is a requirement “to leave 15k until bonus posted”?

    • Muad'Dib says:

      Pulled 15k out today and received confirmation that transfer would take place today with a SEND date of 07/24

      Immediately after that, a phone call was placed on my primary line “…very important we speak with you..” followed by this email:

      Discover Bank routinely monitors our customers’ accounts. As a result of this monitoring, access to your account noted above has been suspended and if applicable, funds may have been frozen.

      Please call us immediately at 1-877-737-1931 so we can resolve this matter. Our Banking Specialists are available to assist you 24 hours a day, 7 days a week.

      IMPORTANT: If you have any pending transactions for your account referenced above, please make alternative arrangements for your pending transactions as they may be impacted.

      ///

      Called and spoke with no less than three (3) separate persons at Discover who claim there was “unusual activity” and “unusually large transfer”. It made no difference when I pointed out that they had verified and PULLED the initial deposit from my external account and were PUSHING it back into the same account. Tone of call was polite on both sides, just documenting that this is the way they now appear to handle it.

      Account was unfrozen while I was on the phone and they confirmed bonus will post 8/15

  46. Nacho says:

    Why does the “fine print” comment on 1st page say:

    “…$15,000 deposit requirement must be met by July 17th 31st, 2017….”

    Which is it, July 17 or July 31 ? Assumed Account Opened by July 17 but funded by July 31.

  47. Jelena says:

    There’s a new (I think code) that has the same terms, but doesn’t expire until 9/5/17. Code is S717

    • Jelena says:

      Sorry, expires 8/21/17 have to have the money in by 9/5/17

    • Is the full code just S717?

      • R says:

        yes confirmed

        To get your $100 Bonus: What to do: Apply for your first Discover Online Savings Account (OSA) by 8/21/17. Enter Offer Code S717 when applying. Deposit at least $15,000 by 9/5/17. What to know: Offer not valid for existing or prior Discover savings customers. Account must be open when bonus is credited. Bonus will be credited to the account by 9/19/17. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice.

  48. LC says:

    Since Discover Savings / Discover AAA Savings tend to be once per lifetime, is there any rationale to close these accounts?

    • Dean says:

      I keep them open with small sums. The interest is fine, and sometimes transfers might trigger DD bonuses elsewhere. Nice interface, too.

  49. bernie says:

    Data Point:

    Started account with 15k on 7/14/17
    Bonus credited 7/24/17

  50. David says:

    7/20/17: $15k deposit posted
    7/28/17: $100 bonus posted

  51. joe says:

    opened account before 6/30
    15k available on 7/12.
    bonus should be credited before 7/28
    filed a disput

    a lot of hassles with discover bank 🙁

  52. Waingro says:

    Wow, this was easy and fast:
    7/27 15k deposit posted
    8/1 $100 bonus posted

  53. Joe says:

    Where is the promo code entered?

  54. Avi says:

    8/07/17: account opened
    8/10/17: $15k deposit posted
    8/18/17: $100 bonus posted

  55. Brian OShea says:

    Opened account in May still waiting for my bonus money.

  56. Touserpandi says:

    Will/ Chuck

    Bonus increased to $150 or $200. Link : https://www.discover.com/online-banking/savings-lng-04

    1. You must open your account by October 2, 2017, using Offer/Invitation Code S817.

    2. You must deposit $15,000 or $20,000 by October 16, 2017, and maintain that balance for about 15 days.

    3. The $150 or $200 bonus will be credited to your account by October 31, 2017, and your account must be open when the bonus is credited.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑