Offer at a glance
- Maximum bonus amount: $200
- Availability: Nationwide
- Direct deposit required: Yes, $3,000+ for three months
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: Aug. 31, 2023
The Offer
- Ameriprise Financial is offering a $200 bonus when you open cash management account and complete the following requirements:
- Set up qualifying direct deposit(s) that total at least $3,000.00 within a single calendar month for three (3) consecutive calendar months (total of $9,000) to a new or existing Ameriprise ONE Financial Account
The Fine Print
- New Money Cash Bonus offer. Eligible Ameriprise ONE® Financial Account clients may earn a $200 bonus when they add a new, qualifying recurring electronic direct deposit to an eligible Ameriprise ONE Financial Account between June 1 and Aug. 31, 2023.
- To qualify for the bonus: Set up qualifying direct deposit(s) that total at least $3,000.00 within a single calendar month for three (3) consecutive calendar months (total of $9,000) to a new or existing Ameriprise ONE Financial Account. Direct deposits must be set up using the routing/account number at the bottom of your Ameriprise ONE Financial Account checks. See our FAQ for instructions on how to set up a new direct deposit to your Ameriprise ONE Financial Account.
- Qualifying direct deposits are defined as deposits from a client’s employer, payroll, pension, or governmental benefits provider such as social security via Automatic Clearing House (ACH) deposit. Deposits that are not from an employer (such as check deposits, Peer to Peer (P2P) transfers, merchant transactions and bank ACH transfers not from employers) do not qualify.
First eligible ACH direct deposit must be received during the promotion offer period of June 1 – August 31, 2023. The third qualifying deposit must be received by Oct. 31, 2023 for bonus eligibility. Bonus will be paid to the qualifying Ameriprise ONE Financial Account the month after the third qualifying direct deposit has been received. - Eligibility: The offer is available to clients with a new or existing Ameriprise ONE Financial Accounts titled as an individual, joint or revocable trust that have not received any direct deposits within the prior calendar month.
- Accounts not eligible for the bonus: Ameriprise® Strategic Portfolio Service (SPS) Advantage, SPS Advisor, Active Portfolios, IRAs or retirement accounts of any kind, Ameriprise® Bank Savings Account.
- This promotional offer is limited to a one-time bonus per account.
- Tax disclaimer: The value of the bonus you receive may constitute taxable income. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.
- 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
As far as I can see there is no early account termination fee.
Our Verdict
Always nice to see a bonus that works for existing users. The direct deposit requirement is high and we don’t know what triggers it outside of real direct deposits but this bonus is still worth doing for people that can easily move theirs.
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