A No Direct Deposit Bank Bonus is an incentive offered by financial institutions to attract new customers without requiring them to set up direct deposit. Typically, these bonuses are awarded when a new account holder meets specific criteria, such as maintaining a minimum balance or completing a certain number of transactions. This type of promotion appeals to individuals who may not have regular direct deposits, allowing them to benefit from the bonus while enjoying the bank's services. However, it's essential to read the terms and conditions carefully to understand any associated requirements or fees.