Score $150 from Young Americans Bank Without a Direct Deposit – But You Need to Be Under 22

If you're under 22 and looking to pad your wallet a bit, here's a sweet deal from Young Americans Bank. They're offering up to $150 just for opening a checking account and a savings or CD account. The best part? You don't need to set up a direct deposit at all. That's a rarity in the bank bonus world. But there's a catch: you have to jump through a few hoops over three months. Let me break it down so you know exactly what's required.

How to Unlock the $150 Bonus

The bonus comes in three $50 chunks, each tied to a specific milestone at 30, 60, and 90 days after opening. Here’s the roadmap.

First, you'll need to open both a checking account and a savings or CD account. The checking requires at least $10, the savings $5, and the CD $100. That’s a total of $115 to get started – not bad for a potential $150 return.

At the 30-day mark, you just need to keep both accounts open. No extra work. At day 60, you must enroll in eStatements (paperless statements) – that’s a simple online toggle. Finally, at day 90, complete one mobile deposit using the bank’s app. That could be as easy as snapping a picture of a check you received.

What’s the Catch? Not Much, Actually

The biggest hurdle is the age restriction. You must be under 22, and you have to be at least 10 to open a checking account. That means this offer is aimed squarely at teens and young adults.

There are no monthly maintenance fees, which is awesome. I also didn't spot any early account termination fee in their schedule, but it's always wise to double-check the fine print. If you close the account too soon, you might forfeit the bonus or face a penalty.

One thing to note: this offer might not last long. The bank is celebrating Colorado's 150th anniversary, and once the promotion ends on July 31, 2026, it's gone. Also, the application page has been showing as unavailable recently, so it's possible the offer is already dead. If you're interested, try applying ASAP and let others know if it works.

Taxes and Other Fine Print

Remember, any bonus from a bank is considered taxable income. You'll likely receive a 1099-INT form from Young Americans Bank at tax time, so set aside a portion of that $150 for Uncle Sam.

Also, this is a nationwide offer – you don't need to live in Colorado to apply. Just be a legal US resident and under 22.

Bottom Line

• No direct deposit needed – a rare perk for bank bonuses.
• Bonus paid in three $50 increments over 90 days.
• No monthly fees, and no early termination fee listed.
• Offer expires July 31, 2026 – may already be dead.

Common Questions