[Updated 2021/6/6] MyPoints and Swagbucks have increased their payouts for the Albert account opening offer. Albert itself is also offering $150. That brings the total to $282.
If you don’t already have MyPoints or Swagbucks, sign up for one of them first. I used MyPoints because the payout was $40 higher.

[Updated 2021/1/5] The account opening bonus has increased to $150. The requirements are to, within 90 days of opening the account, receive a $200 direct deposit every 30 days and spend $100, (see the original English terms in the image below).

About Albert Bank

Albert is a financial app that offers checking and savings accounts (banking services provided through Sutton Bank, Member FDIC). Its checking account is called Albert Cash. Similar to Cash App, it offers 10%-20% cash back each week at select merchants. There is currently a $100 sign-up bonus for opening an account, so if you’re interested, now is a good time to apply.

Quick Overview

  • Sign-up bonus: $100
  • Availability: Nationwide
  • Direct deposit requirement: $200 DD within 30 days
  • Other requirement: Spend $100 with the debit card
  • SSN: Required, but data points indicate there is no hard pull
  • Credit card funding: None
  • Monthly fee: None
  • Early account termination fee: None

Steps

The process is as follows:

  • On your phone browser, click one of the links below to go directly to the app store and download the app
    • Application link or copy this URL into your phone browser: https://app.albrt.co/aDZH32iCMnb
    • Application link 2 or copy this URL into your phone browser: https://app.albrt.co/6nqsHJKCMnb
  • During sign-up, you only need to open Albert Cash, which is the checking account. For the other products such as Investing, Genius, and Planning, just choose to skip them all. One special note about skipping Genius: there is no direct skip option. You need to choose “custom amount” in the screen shown below and then set the price to 0 in order to skip it. You can also skip the various Direct Deposit and linked bank account steps; you can add them yourself after opening the account.

Cash Back

The current cash back offers are below, and all of them refresh weekly:

  • (*) DoorDash 10%, up to $5
  • (*) Target 10%, up to $5
  • Whole Foods 20%, up to $5
  • (*) Walmart 20%, up to $5
  • Sephora 15%, up to $5
  • (*) McDonald's 15%, up to $5
  • (*) Shell 10%, up to $5
  • Starbucks 10%, up to $5
  • Lyft 10%, up to $5
  • Etsy 15%, up to $5

Note that the rates marked with (*) require direct deposit to unlock; otherwise they are only 5%. That said, even 5% at Walmart is still pretty good.

About Direct Deposit

According to data points compiled by DOC, the following count as direct deposit:

  • Bluevine
  • Brex
  • Chase business
  • DoorDash
  • Square

The following do not count:

  • Ally
  • Cash App
  • Chime
  • Charles Schwab
  • Discover
  • M1
  • SoFi
  • Wells Fargo

Summary

Overall, the account opening process is very simple (SSN required, but no credit check), and the requirements for earning the bonus are also easy to meet. Another feature is that both parties in a referral can receive $100. So after signing up, readers can also invite friends to join, and both sides can earn a $100 bonus.

(HT: DOC)

Application Links

On your phone browser, click one of the links below to go directly to the app store and download the app

      • Application link or copy this URL into your phone browser: https://app.albrt.co/aDZH32iCMnb
      • Application link 2 or copy this URL into your phone browser: https://app.albrt.co/6nqsHJKCMnb

To receive the $100 bonus, you need to receive a $200 direct deposit within 30 days and spend $100 with the debit card.