Neobank Spiral $50 Checking Bonus – Direct Deposit Not Required

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Offer at a glance

  • Maximum bonus amount: $50
  • Availability: Nationwide
  • Direct deposit required: No
  • Additional requirements: Deposit $100+ or $200+
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: November 30, 2021

The Offer

Direct link to offer

  • Neobank Spiral is offering a bonus of up to $50 when you open a new checking account. The bonus depends on your deposit:
    • Make a single deposit $100+ and get $25 bonus
    • Make a single deposit $200+ and get $50

The Fine Print

  • Offer valid from September 20, 2021, through November 30, 2021, and is available when you have an existing Spiral consumer checking account and have never made a deposit or had a credit to the checking account before September 20, 2021 or for any new customer who opens a checking account on or after September 20, 2021.
  • Offer is not available to customers who have previously made a deposit to their Spiral checking account (excluding micro-deposits to verify external accounts), customers who made a deposit to their checking account in any amount but currently have a zero or negative balance, or customers who received a bonus on a previous checking account at any time.
  • To qualify for the $25 checking bonus, checking customers must have an unfunded Spiral checking account (that is, no deposits or credits have been made to the checking account, except for micro-deposits to verify an external account) and make a single $100 deposit on or before November 30, 2021 (cumulative deposits totaling $100 will not qualify for the $25 bonus).
  • To qualify for the $50 personal checking bonus, checking customers must have an unfunded Spiral checking account (that is, no deposits or credits have been made to the checking account, except for micro-deposits to verify an external account) and make a single $200 or more deposit on or before November 30, 2021.
  • The $25 and $50 offers are not combined if you make a deposit of $200 or more. (cumulative deposits totaling $200 will not qualify for the $25 bonus).
  • Once the offer criterion is met, the bonus will be credited to your checking account within 90 days from the date of deposit.
  • Checking account must remain open, active, in good standing and in the same product type through the qualifying period to receive the bonus. If the checking account is closed by Spiral, Spiral may deduct the bonus amount from the checking account before the checking account is closed. Spiral may issue you an IRS Form 1099-MISC or other appropriate forms reporting the value of the bonus.
  • Offer may be withdrawn at any time and is subject to change. Spiral and nbkc bank employees are not eligible.
  • 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 to worry about.

Early Account Termination Fee

Wasn’t able to find the fee schedule so unsure if there is any early account termination fee.

Our Verdict

Spiral has raised $14m, so this seems legit. Bonus seems very easy to trigger, but only $50. Normally we stick to bonuses $100+, but some people like to do these small quick hit deals. Spiral will also match up to $150 donations per year, how much they will match depends on how much you direct deposit into your account (table here). If it’s a soft pull we will add this to our list of the best bank account bonuses.

Hat tip to reader Candice W

Useful posts regarding bank bonuses:





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