Company case study
Dylan's Bonuses
A side hustle that leverages bank bonuses to generate extra income
Dylan's Bonuses is a strategy developed by Dylan to earn money by opening new bank accounts that offer sign-up bonuses. It came up on The Side Hustle Show in the episode "663: Bank Bonuses: How I Make $200/Hr Opening New Bank Accounts" (aired March 24, 2025).
At a glance
| Podcast | The Side Hustle Show |
|---|---|
| Hosted by | Nick Loper |
| Episode | 663: Bank Bonuses: How I Make $200/Hr Opening New Bank Accounts |
| Aired | March 24, 2025 |
| Revenue and traction | Dylan has been able to earn $200 per hour by opening new bank accounts and has been doing this consistently for three years alongside his day job. |
| Category | Education |
Figures and claims are as told on the episode, summarized from the transcript. Check the date: they describe the company at the time it aired.
What the episode said
663: Bank Bonuses: How I Make $200/Hr Opening New Bank Accounts · aired March 24, 2025 · hosted by Nick Loper
Why it works
This business model works because banks are actively seeking new customers and are willing to pay significant bonuses for new account openings. The process is relatively straightforward, requiring minimal time investment and low risk if managed properly.
Founding story
Dylan started this side hustle when he moved to Connecticut and received an offer for a bank bonus. Initially skeptical, he explored the details and realized the opportunity was legitimate. After experimenting with different banks and offers, he honed his approach and began sharing his insights with others, ultimately launching his own resource website, Dylan's Bonuses.
The playbook
1. Research current bank bonuses by visiting resources like doctorofcredit.com to find lucrative offers. 2. Create a tracking spreadsheet to monitor your bank accounts, including fields for bank name, account type, bonus amount, open date, close date, and any fees. 3. Open a new checking or savings account based on the best bonuses you found, ensuring you meet the minimum balance or direct deposit requirements. 4. Set up your direct deposit from a business account or another income source to meet the eligibility criteria for the bonus. 5. Keep track of your bonuses and account statuses; ensure you maintain the accounts long enough to receive your bonuses, avoiding any early closures that might jeopardize future offers.
Also mentioned
Dylan recommends utilizing a spreadsheet to manage multiple accounts efficiently, allowing you to track bonuses and requirements. He also advises keeping accounts open for a couple of months after receiving bonuses to avoid any potential issues with future account openings. Lastly, stay connected with communities like bank bonuses 102 on Facebook for shared experiences and insights.