Published on October 30th, 2015 | by Chuck84
Do This Now: Signup for $400 in Discover Bank Bonuses, $300 Checking + $100 Savings
Discover $300 Checking with Direct Deposit
We’ve covered the $300 Discover checking account bonus in detail. $300 for a checking account which can be done online is a very good deal. And it doesn’t even tie up any money – just two $250 direct deposits within 90 days of account opening. For those who have a real direct deposit that they can change, this is a real no-brainer deal. If not, you can try various ACH transfers to see if they’ll work, but there’s no guarantee that it will.
This offer goes on until November 15, 2015 which gives us a couple of weeks still. Be sure to use offer code: Bonus4915 and you’ll see the offer details pop down on the screen – no guessing game there.
Discover $100 Savings with $5k
Discover often runs $50 or $100 bonuses for opening a savings account as well, usually with the requirement that you fund the account with $5k or $10k. We’ve mentioned some of these deals in the past.
The good news is that currently there is a great offer on the Discover Savings which is to get $100 bonus for just $5,000 of money deposited by November 15, 2105. Use offer code: Save8915 and the details of the bonus will pop down. (HT: moneymetagame)
This offer ends tomorrow October 31, 2015.
Two good things about this Discover Savings account:
- They only require that you add $5k to the account, you don’t have to keep the money there (it may be worth keeping it there until the bonus posts in 30 days).
- Discover also offers comptetive interest rates for their savings accounts. Currently, it’s just .95% APY, but in any case it’s a good account to have in the long run to keep whatever liquid funds you have. (See some 5% options here.)
Each of these bonuses is pretty good on their own. The only catch with the Checking bonus is direct deposit requirement and with the Savings it’s the $5k of funding.
I didn’t receive any sort of direct communication about these offers, but I called into Discover (regarding the $300 checking bonus) and was able to confirm that the offer got tied to my account. It’s still worth taking screenshots along the way of the offer showing on your screen so that they can’t try claiming it’s a targeted offer.
I’m not sure if I would have gotten around to troubling myself with Savings bonus, but once doing the checking it makes it easier since both account are managed in the same login – less mental space taken up in my brain that way. Additionally, for those who open lots of bank accounts, there ends up being too much activity on you Chex report and I’m hoping that when opening two accounts in quick succession the activity will get combined and show as one. (This won’t matter for most people, only for someone who opens lots of bank accounts.)
According to the Discover rep, some people are allowed to manage their banking in their credit card login, while others can not. Some sort of algorithm in the system decides whether you can or can not. He told me to try using my Discover card login credentials and see if it takes it. If not, just use a new login, which is what ended up happening.