Offer at a glance
Maximum bonus amount: $200
Availability: Nationwide
Direct deposit required: Yes, $500+
Additional requirements: None
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: None
Monthly fees: None
Early account termination fee: Unknown
Household limit:None listed
Expiration date: Sept. 30, 2024
The Offer
Step App is offering a $200 bonus when you open a new checking account and complete the following requirements:
Receive a direct deposit of $500+ and receive a $200 bonus
Receive a direct deposit of $150-$499 and receive a $100 bonus
The Fine Print
Offer available to new users only. To receive the bonus: 1) Open a new Step account, which is subject to approval on or before 11:59 pm PT Sept. 30, 2024; and 2) Have a single direct deposit made to this account within 30 days of account opening. Direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments are not considered a direct deposit. Direct deposit $149 and under, not eligible for bonus. If between $150-$499, eligible for $100. If $500 or more, eligible for $200.
Max reward up to $200 based on direct deposit amount.
Funds will be deposited in your Step Account, if open and in good standing, within 30 days following the eligible direct deposit.
User must have made a minimum of $20 in settled card purchases within 30 days of account opening to receive payout.
Offer is non-transferable, cannot be combined with other offers and is subject to change 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
Early Account Termination Fee
Unsure if there is any EATF.
Our Verdict
Step is a bank account geared toward younger customers building credit and is available to anyone of all ages. Previously there was a $100 bonus via Swagbucks, that is no longer being offered but this $200 bonus is significantly better anyway. Banking services provided by Evolve Bank & Trust so that might be a concern for some readers. Bonus says non transferable, but looks to be open to everybody? I suspect this bonus won’t last long so if you’re interested sign up sooner than later. Will add this to our list of the best bank bonuses.
Hat tip to reader CB
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