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Banks offering bonus for direct deposit promotions are increasingly attracting new customers with enticing incentives. These promotions typically reward account holders with cash bonuses when they set up direct deposit of their paychecks or government benefits. By encouraging direct deposits, banks not only streamline their operations but also foster customer loyalty. With varying bonus amounts and terms, potential customers can easily compare offers to find the best deal that suits their financial needs. This trend highlights the competitive nature of the banking industry as institutions seek to grow their customer base.