Mobile Banks That Pay You to Open an Account: Best Cash Rewards in 2025
Mobile banking has become increasingly popular due to its convenience, lower fees, and user-friendly features. Many digital banks now offer cash rewards to new customers as an incentive to open an account. These rewards can be a great way to earn extra money while accessing modern banking services. Below, we explore the top mobile banks that pay you to open an account, along with their requirements and benefits.
Top Mobile Banks Offering Cash Rewards
Several mobile banks stand out for their generous sign-up bonuses.

- Chime : Offers a $100 bonus for new users who receive a qualifying direct deposit of $200 or more within the first 45 days.
- Varo : Provides a $50 cash bonus when you open a new account and receive direct deposits totaling $1,000 or more within the first 30 days.
- Current : Pays $50 for new users who receive a direct deposit of $200 or more within the first 45 days.
- Ally Bank : Offers a $150 bonus for new customers who deposit $10,000 or more into a new savings account within the first 30 days.
- Discover Bank : Provides a $200 bonus for new customers who open a checking account and make a direct deposit of $1,000 or more within the first 90 days.
How to Qualify for Cash Rewards
To earn these cash rewards, you typically need to meet specific requirements. These may include:
- Setting up a qualifying direct deposit.
- Maintaining a minimum balance for a certain period.
- Completing a specified number of transactions.
- Keeping the account open for a minimum duration.
It’s essential to review the terms and conditions of each offer to ensure you meet all eligibility criteria. Some promotions may also be limited to new customers or require you to use a referral link when signing up.
Comparison of Mobile Banks Offering Cash Rewards
Bank | Reward Amount | Requirements | Account Type |
---|---|---|---|
Chime | $100 | Qualifying direct deposit of $200+ within 45 days | Checking |
Varo | $50 | Direct deposits totaling $1,000+ within 30 days | Checking |
Current | $50 | Direct deposit of $200+ within 45 days | Checking |
Ally Bank | $150 | Deposit $10,000+ within 30 days | Savings |
Discover Bank | $200 | Direct deposit of $1,000+ within 90 days | Checking |
Tips for Maximizing Cash Rewards
To make the most of these offers, consider the following tips:
- Compare multiple banks to find the best reward for your needs.
- Ensure you can meet the requirements before opening an account.
- Use a referral link if available, as some banks offer additional bonuses for referrals.
- Keep track of deadlines to avoid missing out on the reward.
By carefully selecting the right bank and meeting the requirements, you can earn significant cash rewards while enjoying the benefits of mobile banking.