Offer at a glance
Maximum bonus amount: $200
Availability: Nationwide
Direct deposit required: Yes, $3,000+ for three months
Additional requirements: None
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: None
Household limit: None
Expiration date: Aug. 31, 2023
The Offer
Ameriprise Financial is offering a $200 bonus when you open cash management account and complete the following requirements:
Set up qualifying direct deposit(s) that total at least $3,000.00 within a single calendar month for three (3) consecutive calendar months (total of $9,000) to a new or existing Ameriprise ONE Financial Account
The Fine Print
New Money Cash Bonus offer. Eligible Ameriprise ONE® Financial Account clients may earn a $200 bonus when they add a new, qualifying recurring electronic direct deposit to an eligible Ameriprise ONE Financial Account between June 1 and Aug. 31, 2023.
To qualify for the bonus: Set up qualifying direct deposit(s) that total at least $3,000.00 within a single calendar month for three (3) consecutive calendar months (total of $9,000) to a new or existing Ameriprise ONE Financial Account. Direct deposits must be set up using the routing/account number at the bottom of your Ameriprise ONE Financial Account checks. See our FAQ for instructions on how to set up a new direct deposit to your Ameriprise ONE Financial Account.
Qualifying direct deposits are defined as deposits from a client’s employer, payroll, pension, or governmental benefits provider such as social security via Automatic Clearing House (ACH) deposit. Deposits that are not from an employer (such as check deposits, Peer to Peer (P2P) transfers, merchant transactions and bank ACH transfers not from employers) do not qualify.
First eligible ACH direct deposit must be received during the promotion offer period of June 1 – August 31, 2023. The third qualifying deposit must be received by Oct. 31, 2023 for bonus eligibility. Bonus will be paid to the qualifying Ameriprise ONE Financial Account the month after the third qualifying direct deposit has been received.
Eligibility: The offer is available to clients with a new or existing Ameriprise ONE Financial Accounts titled as an individual, joint or revocable trust that have not received any direct deposits within the prior calendar month.
Accounts not eligible for the bonus: Ameriprise® Strategic Portfolio Service (SPS) Advantage, SPS Advisor, Active Portfolios, IRAs or retirement accounts of any kind, Ameriprise® Bank Savings Account.
This promotional offer is limited to a one-time bonus per account.
Tax disclaimer: The value of the bonus you receive may constitute taxable income. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.
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
As far as I can see there is no early account termination fee.
Our Verdict
Always nice to see a bonus that works for existing users. The direct deposit requirement is high and we don’t know what triggers it outside of real direct deposits but this bonus is still worth doing for people that can easily move theirs.
Useful posts regarding bank bonuses:
A Beginners Guide To Bank Account Bonuses
Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
PSA: Don’t Call The Bank
Introduction To ChexSystems
Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
What Banks & Credit Unions Do/Don’t Pull ChexSystems?
How To Use Our Direct Deposit Page For Bank Bonuses Page
Common Bank Bonus Misconceptions + Why You Should Give Them A Go
How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
Affiliate Links & Bank Bonuses – We Won’t Be Using Them
Complete List Of Ways To Close Bank Accounts At Each Bank
Banks That Allow/Don’t Allow Out Of State Checking Applications
Bank Bonus Posting Times