Deal has ended, view more bank account bonuses by clicking here.
Update 2/13/25: Back again. Subject line is ‘<Name>, how’s an extra $200 sound?’ Reach your savings goals sooner—keep a minimum of your Account balance as of 2/11/25, plus $15,000 or $25,000 in New Funds (Hold Amount) from 3/12/25 to 5/11/25
Offer at a glance
- Maximum bonus amount: $200
- Availability: Nationwide, see targeted email
- Additional requirements: Deposit $15,000 for $100 bonus, or $25,000 for $200 bonus
- Expiration date: Fund by 9/16/24, hold through 10/31/24
The Offer
Check your email for the following deal for current Discover savings account holders:
- Add $15,000/$25,000 in New Funds from an external source directly to your Account ending in (xxxx) by 9/16/24. You can make one or more deposits between 8/29/24 and 9/16/24. Internal transfers are ineligible.
- Maintain the balance until the end of the Hold Period on 10/31/24.
- Enjoy your bonus – your $100/$200 bonus will be automatically credited to your account by 11/30/24.
No enrollment necessary for those who received this email offer.
The Fine Print
- To qualify for a Savings Boost Bonus, deposit directly to Account ending xxxx (Account) a Required Deposit Amount (RDA) of $15,000 in New Funds (i.e., not currently on deposit at Discover) to earn $100 Bonus OR $25,000 in New Funds to earn $200 Bonus between 08/29/2024 and 09/16/2024 11:59 PM ET (Funding Period). Additionally, maintain a minimum of your Account balance as of 08/27/2024 11:59 PM ET plus RDA (Hold Amount) from 09/16/2024 11:59 PM ET to 10/31/2024 11:59 PM ET. RDA may consist of multiple deposits made during Funding Period. RDA funds must be credited to Account by end of Funding Period. Any funds added over qualifying Hold Amount are excluded from Hold Period requirements. Maximum Bonus eligibility is $200. Offer available only for Account ending xxxx and is non-transferable. Account must be open when Bonus is credited by 11/30/2024.
- Bonus is considered interest and will be reported on IRS Form 1099-INT.
- Offer may be modified/withdrawn.
Our Verdict
This offer was sent out to many/most of us via email (subject: <your name> how’s an extra $200 sound?), but not to everyone. (I’m not aware of any signup bonus from Discover for new accounts available at the moment.) I love these kinds of offers for accounts I already own since it’s an easy transfer to get the bonus.
Discover always offers a pretty decent savings APY rate on their savings account and so there isn’t any downside to tying up your funds in the account for 1.5 months. Easy win for someone with the $15k/$25k cash.
Got a targeted email that another person mentioned below for 25 bucks with 200 dollar direct deposit
Unfortunately the DD methods for Discover I could find are pretty out of date
Anyone had any luck lately spoofing?
Ally, Fidelity, and Sofi especially
I’ll try anyway and report back
I am doing real DD just to be sure. Thanks for your post as that reminded me as I still hadnt done it. I just changed my DD but not sure if it will apply this month or next.
It only needs $200, why not just try everything 🙂
Got email saying need to keep it in account till 5/11 to qualify
Nice confirmation that my last day transfer did count, ha
Same here. good to see a confirmation. Hope the idiot that was at ETrade/EFraud didnt move over to Discover 🙂
Is today too late to schedule a pull from Discover savings?
I think so 😔
I scheduled on March 10th, they got pulled yesterday, arrived today. That’s a fast transfer all things considered
But yeah, I don’t think same day transfer is a thing from Discover end. Nor from Ally in my case
Maybe you could write yourself a check? Though that may not clear by end of day today either.
Or you can wire the money in
Ha, hadn’t thought of that myself
Earlier I was thinking of pushing the money to Discover from my external bank but then changed my mind
Do you think this would work?
Set up a pull from Discover on 3/11 before 5 PM to pull $25k from external account.
I think it will say that it will arrive by 3/12 (the next day) and from what someone told me that it would be withdrawn from my external account on next day as well.
thanks
Yes, it should work as you state. Although, I usually try to beat the deadline by at least 1 day and also have a backup plan in mind in case something unforeseen happens.
Thank you, appreciate that
I put off transferring and forgot about the offer until today
My timeline should be exactly the same as yours. Funds “arrive” next business day aka tomorrow because I just scheduled the transfer. Available by 17th
That *should* be good enough per the terms to qualify for being in the account during start of holding period
Did you do before or after 5 PM ET?
I just did mine and it says
Send on 03/11/2025
ONLINE SAVINGS (YYYY)
Arrive by 03/12/2025
Available by 03/17/2025
If you did after 5 PM, then yours should be same as above. If you did before 5, then your money should arrive on 11th itself.
I did it after 5 PM ET. I don’t yet see it in Discover nor has it yet been withdrawn from my Ally account! It did say 03/12, though, for me
Mine arrived in Discover as scheduled. Shows “completed” as transfer status in Discover transfers section. Won’t be “available” for a few days but I think that should be okay. Current balance shows 25,xxx
Just to confir, the restrictions on moving money out are limited to the account enrolled in promotion, right?
I can move the money in and out of the checking or the second savings during the promotion, right? I need that to try trigger DDs for other banks’ promotions.
You can continue business as usual on all accounts, just have to stay at or over your required hold amount through 5/11 in the account targeted with offer. Doesn’t affect other accounts you may have. I have added and withdrawn during the hold periods in previous deals.
thanks
Is this a targeted offer or is this open to everyone? P1 received the email 2 years in a row while P2 did not receive the email at all.
Targeted. No rhyme or reason on how they determine it.
For this one I was targeted on my other account (which has the AAII bonus for an added 0.05%). Last year it was the main account which was targeted.
I currently have funds in a 4.4% APY account. If I allow for 6 days on each end to transfer in/out, that makes it 72 days, which is around $213 at 4.4%. 3.75% APY over 72 days is around $182, + $200 bonus = $382. So the net gain would be $169 over where it sits now, which is a pretty good deal just for making a few mouseclicks. Someone let me know if my math isn’t right.
Anyone has idea what triggered the target email, or what make them pass on you. I got the offer last year (2024) but not this time.
Didn’t see this in my email last week, thanks for the post! My account balance has been about $12 since end of 2024.