Upgrade is currently offering a direct deposit bonus for existing users.
I currently see two offers – one for up to $75 and another for up to $150. The requirement and terms and conditions for both bonuses are the same.
Offer Details
Use the provided link to schedule one or more direct deposits totaling $5,000 by June 23, 2023. Or qualify for [insert lower bonus] with a direct deposit of between $1,000 and $5,000.
Terms and Conditions
- The bonus expires on June 23, 2023 11:59 p.m. PT (“Bonus Period”).
- You can qualify for a Direct Deposit Bonus when you (1) use the link in this email to set up an Eligible Direct Deposit to your Rewards Checking account, and (2) make one or more Eligible Direct Direct Deposits by the Bonus Period. You can qualify for a $150 bonus when you make Eligible Direct Deposits totaling at least $5,000, or $50 bonus when you make Eligible Direct Deposits totaling between $1,000 and $4,999.99, (each, a “Direct Deposit Bonus”).
- An “Eligible Direct Deposit” is a recurring deposit to your Rewards Checking account by Automated Clearing House (“ACH”) from your employer, payroll, or benefits provider, or gig economy payer OR a deposit by Original Credit Transaction (OCT) from your gig economy payer.
- Existing direct deposits, one-time direct deposits, including tax refunds, bank ACH transfers, bank verification or trial deposits, peer-to-peer transfers from services, such as PayPal or Venmo, merchant transactions, mobile check deposits, and cash loads or deposits are not Eligible Direct Deposits.
- The Direct Deposit Bonus will be paid to your Rewards Checking account within 30 days of the end of the Bonus Period. You must use the link contained in this email to set up the Eligible Direct Deposit, and you cannot qualify for more than one Direct Deposit Bonus.
Closing Thoughts
Pretty decent deal considering you don’t have to open a new account. Upgrade’s Premium Savings currently gives 4.56% APY so if you have that account, direct depositing into it doesn’t seem to be a terrible idea.
