Earn up to $400 with qualifying direct deposits after opening a new Virtual Wallet account.
The appeal here is payout density: you are taking on a more involved setup, but the combined offer still models to $375 after estimated fees. For people willing to manage both accounts together, that can beat stacking multiple smaller bonus paths.
PersonalChecking + savingsDirect deposit requiredNo state restriction listedHigh friction
Gross bonus
$400
Headline payout before any modeled fee drag.
Funding threshold
$5,000
$5,000+ qualifying direct deposit
Time to clear
~3 months
A standard multi-month offer window with roughly 90 days of follow-through.
Friction
High friction
Higher cash commitment, longer hold periods, or several moving parts make this a more hands-on execution play.
Direct deposit
$5,000+ DD
Qualifying payroll or ACH
Opening deposit
No min
No opening minimum listed
Hold period
90 days
Keep open through payout
Fee
~$25
Missed waivers shrink payout
Bonus ROI
8.0%
Bonus vs required funding
Execution Summary
What actually decides this offer
Primary requirement
Open both accounts and route $500+ in qualifying direct deposit.
Primary constraint
Keep the account open for ~3 months.
Execution model
This is a bundle play: open both accounts, satisfy the balance and activity rules, and stay organized for ~3 months.
Cash profile: Low cash drag. Hold period: 90 days.
Checklist
How to complete it cleanly
3 steps
1
At opening
Open both required accounts
Save the confirmation email and a copy of the live offer terms before you begin.
2
Qualifying direct deposit of at least $500
Keep account open for 90 days
Open a new Virtual Wallet product through the offer page.
Receive qualifying direct deposits within 60 days ($500+ for Virtual Wallet, $5,000+ for Virtual Wallet with Performance Select).
Keep the account open through reward posting.
During qualification window
Route qualifying direct deposit
Send at least $500 in qualifying direct deposits and verify the bank counts them correctly.
3
Through day 90
Keep the account open until the bonus is safe
Plan on about ~3 months before you consider the offer done.
Good Fit If
Who should actually do this
You can route at least $500 in qualifying direct deposit without disrupting your main bank setup.
You prefer offers that do not require a meaningful opening balance.
You are willing to manage two new accounts at once for a larger combined payout.
Think Twice If
Where this can get annoying
Your current direct deposit setup makes qualifying direct deposit hard to move or verify.
Missing the fee waiver would eat about $25 of the modeled value.
You want a near-hands-off offer with only one step to track.
Watch For
Failure points before you start
The offer depends on qualifying direct deposits totaling at least $500.
Do not treat the account as finished until roughly day 90; early closure can wipe out the payout.
Estimated net value already assumes about $25 in fees, so missed waivers can shrink real value further.
Current public offer window runs through May 28, 2026.
Related Offers
Other bank bonuses in the same neighborhood
SoFi
Checking and Savings Direct Deposit Bonus
Lower modeled payout, but potentially cleaner execution for the same use case.
If this offer is the one you want to anchor around, send it straight into the planner and let it decide whether this bank bonus should be first, deferred, or left out.
