Spruce Money (Fintech) $100 Bonus

Offer at a glance

Maximum bonus amount: $100
Availability: Nationwide, excluding WA. More information here.
Direct deposit required: Yes, $450+ within 45 days
Additional requirements: Activate debit card
Hard/soft pull: Soft pull
ChexSystems: No
Credit card funding: None
Monthly fees: None
Early account termination fee: Unknown
Household limit: None
Expiration date: September 30, 2026

The Offer

Direct link to offer

Spruce Money is offering a $100 bonus when you open a new checking account and complete the following requirements:
- Receive $500+ in direct deposits within 45 days of account opening

The Fine Print

Offer from H&R Block. Requires 1) opening of new Spruce Accounts between 9/1/26 and 9/30/26; and 2) receiving $500 in qualifying direct deposits within 45 days of opening. Qualifying direct deposits are only ACH credits from an employer or government benefits (but not tax refunds). Any other deposits do not qualify, including but not limited to, other ACH credits, mobile check deposits, internal transfers, transfers within Spruce from external accounts, peer payments or transfers, or cash transfers. $100 will be deposited within 14 business days after completing all requirements. Spruce Accounts may not be closed or restricted at payout.
You are responsible for tax treatment of funds.
Limit one per customer.
Cannot be combined with any other offer, including any Referral Incentive Campaign, and not available if you open Spruce Accounts using a referral link.
May be modified or discontinued at any time
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF but as there is no monthly fee it’s not a huge risk to keep open.

Our Verdict

Spruce Money is built by H&R Block. This isn’t as good as the $100 referral bonus previously offered if you’re in two player mode or were able to refer some people but the base bonus is the same. Some people might prefer to see if a bigger bonus comes along, others will prefer to lock in the $100. Terms also clearly state that this can’t be combined with referral links so please do not try to push your own $50 referrals if you have an existing account. We will add this to our list of the best bank account bonuses.

Hat tip to reader ShawntheShawn

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