Discover Checking Account Bonus: April 2025

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Discover® Bank doesn't currently offer a direct bonus for new checking accounts. Instead, it's got other incentives to lure you in.

Wondering if flashy bonuses await when you open a checking account at Discover®? Well, this online bank is playing a different game with its Cashback Debit account.

Instead of dangling a welcome incentive, it's cooked up something that might offer more long-term value. Read on.

Have you opened an account specifically to earn a bonus/promo?

Discover® Checking Account Promotions 2025

Discover® Bank doesn't offer a direct bonus for opening a new checking account. However, its Cashback Debit account has some noteworthy benefits, including:

  • Cashback Bonus® rewards
    Earn 1% cash back on up to $3,000 in qualified debit card purchases monthly.[1] This means it can amount to a maximum of $360 in cashback rewards yearly.

  • No fees
    You're neither paying any monthly fees nor keeping a minimum balance. In addition, check reorders and replacement cards are free of charge.

  • Early Pay
    If you set up a qualified direct deposit, you can get your paycheck up to two days in advance.

Find out what you'll need to open a Discover® Cashback Debit account here.

What is the Discover 360 bonus?
The so-called Discover 360 bonus seems to refer to the cash back incentive of Discover® Cashback Debit account. Since you can earn up to $30 cash back per month, that adds up to a sum of $360 per year.

Other Discover account bonus offers

While Discover sign-up bonuses aren't available for checking accounts, they're sometimes offered through other products.

What is the Discover $15,000 deposit bonus?
Discover may offer a limited-time bonus if you're opening an online savings account for the first time. You'll usually earn $150 for putting in deposits of at least $15,000 total within a given period.

Discover checking bonus alternatives

If you're bent on finding checking bonuses, there's definitely no shortage of options. Here are some of them:

Do you have to pay taxes on checking account bonuses?
Whether you pay federal taxes or not on your checking bonus depends on your total income and standard deductions. For example, if your total income including the bonus is within your standard deduction amount, you won't have to pay. However, you may still owe local income taxes based on where you live.

Frequently Asked Questions

  • Why do banks give out bonuses?

    Banks offer checking bonuses primarily to attract new customers. They're competing for your business and know a nice reward might convince you to pick them over another bank.

  • When will Discover give my bonus?

    For Discover's promotional bonus in its Online Savings, it's usually credited to the account within 60 days of qualifying for the bonus.

  • Can I use my Discover cashback bonus to pay bills?

    Your Discover Cashback Bonus rewards can be used to pay for anything, including bills. But first, you need to redeem them by transferring available rewards to any of your Discover® Bank accounts. Aside from paying bills online, you can send money to friends or withdraw it as cash from an ATM.

  • Why is Discover not offering checking accounts?

    Discover offers Cashback Debit, its only checking option. This account has zero monthly fees and no minimum balance requirements. You also have the opportunity to earn 1% cash back with qualified debit card purchases monthly.

  • What are the pros and cons of Discover® Bank?

    Here are the positives and negatives of banking with Discover®:

    • Competitive savings rates
    • No fees on most transactions
    • Cash back rewards
    • 24/7 customer service
    • Highly rated mobile banking
    • No physical branches
    • Few account types
    • Limited overdraft protection coverage

  • Is Discover owned by Capital One?

    While Capital One announced in February 2024 its intention to acquire Discover Financial Services (which owns Discover),[2] the sale has not been completed yet. As of January 1, 2025, it's still waiting for regulatory and shareholder approval.

Bottom Line

Although you may have been disappointed with Discover's lack of sign-up bonuses in its checking account, its native Cashback Bonus reward seems to make up for it.

This benefit, combined with Discover Cashback Debit's no-fee structure, can be a more lucrative option if you're looking to maximize everyday spending. Unlike the typical checking bonus, this one is accessible every month of your account ownership.

In any case, check out the latest Discover® promotions.

References

  1. ^ Discover®. Deposit
    Account Agreement Effective October 19, 2024
    , Retrieved 1/09/2025
  2. ^ Capital One. Capital One to Acquire Discover Financial Services, Retrieved 1/09/2025
Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 9/11/2025

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. See advertiser website for full details.

Chase
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 7/16/2025
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere.
  • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
  • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
  • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
  • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Bank of America
Member FDIC

Bank of America Advantage Banking - $300 Bonus Offer

Expires 5/31/2025
  • The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 05/31/2025.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
  • Bank of America, N.A. Member FDIC.
U.S. Bank
Member FDIC

U.S. Bank Business Essentials - $500 Bonus

Expires 6/30/2025

Promo code Q2AFL25 MUST be used when opening a U.S. Bank Business Essentials, Silver, or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.

Earn your $500 Business Checking bonus by opening a new U.S. Bank Business Essentials or Silver Business Checking account between 4/3/2025 and 6/30/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.

Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.

New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.

Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.

Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.

All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.

Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice. Member FDIC

CIT Bank
Member FDIC

CIT Bank Platinum Savings - $300 Bonus

  • Transfer a one-time deposit of $50,000+ for a Bonus of $300
  • 4.10% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • No monthly maintenance fee
  • Member FDIC
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About Discover Bank

Discover® Bank offers some of the highest interest rates for its savings account. In addition, Discover offers cashback checking. There are no fees for checking and savings accounts.

About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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