An Open Account Bonus No Direct Deposit is a promotional offer from financial institutions that allows new customers to earn a cash bonus without the requirement of setting up direct deposits. This type of bonus typically encourages individuals to open a new account and meet certain criteria, such as maintaining a minimum balance or completing a specified number of transactions. It provides flexibility for those who may not have regular direct deposits, making it an attractive option for savers and casual account holders looking to benefit from additional incentives.