[Targeted] Venmo: $75 Bonus For Receiving Two Direct Deposits

Update 10/6/21: Deal is back, but for $75 this time. Subject line is ‘Earn $75 and get your money early with Direct Deposit on Venmo’. Hat tip to reader Gabe

Contents

1 The Offer
2 The Fine Print
3 Our Verdict

The Offer

No direct link to offer. Sent out via e-mail, subject line is ‘Earn $50 – use Direct Deposit on Venmo’

Venmo is offering a $50 bonus when you receive two direct deposits of $500 or more by December 31, 2020

The Fine Print

Eligible Participant: Open only to individuals who: (1) are residents of any one (1) of the fifty (50) United States or the District of Columbia, (2) are eighteen (18) years of age or older, (3) have an existing U.S. Venmo account in good standing (“Valid Account”), (4) have completed the first step in the verification process for Direct Deposit with Venmo (they have obtained their Venmo account and routing number), and (5) receive an authorized email or in app notification inviting participation in the offer (“Invitation”),(eligibility for/those who receive the Rewards will be determined solely by Venmo) (“Eligible Participant”).
Offer Period: Starts the date the Eligible Participant receives the Invitation and ends on December 31, 2020 at 11:59:59 p.m. PT (“Offer Period”).
How to Qualify: Eligible participants must: (1) complete the employer (or government) form with their Venmo account and routing number and Direct Deposit amount, and (2) receive two (2) Direct Deposits into their Valid Account totaling a combined $500 USD or more (“Qualifying Transaction”) during the Offer Period.
Reward: Upon completion and verification of the Qualifying Transaction, $50 USD cash will be sent to your Venmo account for you to use by January 15, 2021 (“Reward”). If a Qualifying Transaction does not complete or is not recorded by Venmo’s servers during the Offer Period, for any reason, that Qualifying Transaction will not qualify for the Reward. There is a limit of one (1) Reward per Venmo account.

Our Verdict

You can see what has/hasn’t worked for a direct deposit here (no current datapoints unfortunately). Should be a relatively easy bonus for those that are targeted.

Hat tip to reader MC

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15 Comments

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ExposeParentalAlienation (@guest_1964052)

December 4, 2024 17:40

#1964052

Venmo ran a similar deal in 2024 (maybe someone can still get it in December): $500 monthly direct deposit, $25 bonus each month, for $75 total (October, November, December).

ACH push from Morgan Stanley (connected the account + routing from from Morgan Stanley website, and used the “transfer to” (Venmo account) function, just like with any other bank).

This did count as Direct Deposit (got “Payday!” email each time), and the bonus indeed posted (DD on 10/29 – bonus posted on 11/8; DD on 11/8 – bonus posted on 11/23).

Morgan Stanley can be, therefore, added as a verified DD method for Venmo.

Appreciate the community here. Amazing help.

Michael (@guest_1278876)

November 6, 2021 05:39

#1278876

I got targeted for this offer via email and am trying to trigger it with different deposit methods. It looks like it will only work with bank accounts that don’t require trial deposits since Venmo doesn’t allow for ACH debits. Also, Venmo is not accessible via Plaid.

So far I have sent 2 deposits each of $250 or more from the following sources: Cash App/Square, TransferWise, Novo and North One. They have all been labeled as “Direct Deposit” in the app and I got “Payday” emails for all of them. Does anyone know of any other banks to use that could trigger this bonus? I can’t sign up for a Santander account because I am OOS. Thanks in advance!