The Discover Bank Cashback Checking Account is providing a $300 bonus for current Discover credit card members or deposit customers for opening a new Discover Cashback Checking Account with 2 direct deposits of $250 or more each through November 15, 2015.
Anybody in the U.S. can open a Discover Bank Cashback Checking Account online, but you must be a current Discover credit card member or deposit account customer (i.e., savings account) in order to open an account and qualify for this $300 bonus offer.
This offer is only available to current Discover credit card members or deposit customers, excluding current or previous Cashback Checking customers.
How To Get Your $300 Discover Cashback Checking Bonus
1. Visit this Promotional Link and click “Open an Account” between September 15, 2015, and November 15, 2015 (please note that you will not see the $300 offer displayed).
2. Use the Promo Code Bonus4915 when you open your new account.
3. Set up 2 direct deposits of $250 or more each within 90 days of funding (direct deposits must be payroll, Social Security, or pension).
4. The $300 bonus will be issued as a credit to your account within 30 days of satisfying the requirements.
There is a limit of 1 bonus per customer and 1 bonus per account.
Your account must still be open in order to receive the $300 credit.
The bonus is considered interest and will be reported to the IRS on Form 1099-INT.
About Discover Bank Cashback Checking Account
The Discover Cashback Checking Account allows you to earn 10 cents cash back on up to 100 transactions per month, which is equal to a $10 bonus per month.
Qualifying transactions for earning the 10 cents cash back bonus include debit card purchases, online bill payments, and checks cleared.
The Checking Cashback Bonus can be redeemed as cash to your Discover Cashback Checking Account or transferred to a Discover Credit Card Cashback Bonus account.
Discover Cashback Checking has no monthly maintenance fees with no balance or activity requirements.
You’ll have access to over 60,000 free ATMs in the U.S. as well as free online bill pay and other free services.
The minimum opening deposit is $25, but once your account is funded, there is no minimum balance requirement.
To open an account, each Account owner must be a U.S. citizen or other U.S. person, be at least 18 years old, have a valid Taxpayer Identification Number, have a valid physical U.S. address, and provide an electronic signature.
A special thank you goes out to Danny the Deal Guru for posting about this offer.
There is no hard credit pull when you open a Discover Cashback Checking Account.