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  • [AZ, AR, NM, TX] First National Bank of Texas: $250 Checking Bonus For Military + Family Members – Doctor Of Credit

    [AZ, AR, NM, TX] First National Bank of Texas: $250 Checking Bonus For Military + Family Members – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $250
    • Availability: Arizona, Arkansas, New Mexico, and Texas. Must be military or family member
    • Direct deposit required: Yes, $600+
    • Additional requirements: None
    • Hard/soft pull: Unknown 
    • ChexSystems: Unknown
    • Credit card funding: Unknown 
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: None listed
    • Expiration date: None listed

    The Offer

    Direct link to offer

    • First National Bank of Texas is offering a $250 bonus when you open a new Service 1 or Service 1 High Yield account and complete the following requirements:
      • Receive a Direct Deposit of at least $600 to your new Service 1 or Service 1 High Yield account within 45 calendar days of account opening. This must be a single ACH transaction and cannot be combined with other deposits and receive a $50 bonus
      • Receive another Direct Deposit of $600 within the 33 days leading up to your account’s six-month milestone, and we’ll credit another $50 into your account
      • Receive another Direct Deposit of $600 within the 33 days leading up to your account’s twelve-month milestone, and we’ll credit a final credit of $150 into your account

    The Fine Print

    • The amount of the Bonus up to $250 will be reported to the Internal Revenue Service (IRS).
    • Customers without a Social Security Number or Taxpayer Identification Number are not eligible to receive the Bonus.
    • Bonus Limitations: One (1) per Social Security Number or Taxpayer Identification Number; One (1) per Service 1 or Service 1 High Yield Account; new customer checking account relationships only.
    • Existing customers with a checking account relationship are ineligible to receive the bonus if their new checking account relationship has been opened for more than 34 calendar days.
    • Cannot be combined with any other offer. Bonus offer can be modified or withdrawn at any time without notice.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    None

    Early Account Termination Fee

    I wasn’t able to find a fee schedule so unsure if there is any EATF.

    Our Verdict

    Annoying that you need to keep the account open for so long and keep direct deposits coming as well. Still probably worth doing if it’s a soft pull, if anybody goes for it share your experiences in the comments below.

    Hat tip to Celia

    Useful posts regarding bank bonuses:

    William Charles

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  • [LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC & VA] First Horizon Bank $400/$800 Business Checking Bonus – Doctor Of Credit

    [LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC & VA] First Horizon Bank $400/$800 Business Checking Bonus – Doctor Of Credit

    Note: Terms state ‘Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers’. You also have to request a code by filling in your information so should be able to get this bonus even if not targeted but YMMV.

    Offer at a glance

    • Maximum bonus amount: $800
    • Availability: Offer is only available to residents of LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC and parts of VA
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown, sensitive
    • Credit card funding: Up to $50
    • Monthly fees: None
    • Early account termination fee: Six months, bonus forfeit
    • Household limit: None
    • Expiration date: 06/30/2024

    The Offer

    Direct link to offer

    • First Horizon Bank is offering a bonus of $400 or $800 when you open a new business checking account.
      • $800 bonus:
        • Deposit $25,000 into the new BizEssentials Checking account within 15 days of the account opening.
        • Maintain at least a $25,000 collected daily balance for the first 3 full statement cycles.
        • Conduct 20 qualifying transactions within the first 3 full statement cycles.
      • $400 bonus:
        • Deposit $5,000 into the new BizEssentials Checking account within 15 days of the account opening.
        • Maintain at least a $5,000 collected daily balance for the first 3 full statement cycles.
        • Conduct 20 qualifying transactions within the first 3 full statement cycles.

    The Fine Print

    • Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers, and is only available for new clients that have not had an account at First Horizon within the last 12 months. Opening deposit must be funds from a financial institution other than First Horizon Bank or its affiliates. Limit one bonus per company.

       

    • To qualify for the $400 bonus, open a new BizEssentials Checking, BizEssentials Plus Checking, or BizEssentials Interest Checking account by 06/30/2024, deposit at least $5,000 within fifteen (15) days of account opening and maintain an average daily collected balance of $5,000 for the first three (3) full statement cycles and conduct a minimum of twenty (20) qualifying client-initiated transactions within the first three full statement cycles in the eligible First Horizon Bank checking account.

       

    • To qualify for the $800 bonus, open a new BizEssentials Checking, BizEssentials Plus Checking, or BizEssentials Interest Checking account by 06/30/2024, deposit at least $25,000 within fifteen (15) days of account opening and maintain an average daily collected balance of $25,000 for the first three (3) full statement cycles and conduct a minimum of twenty (20) qualifying client-initiated transactions within the first three full statement cycles in the eligible First Horizon Bank checking account.

       

    • BizEssentials Checking, BizEssentials Plus Checking, or BizEssentials Interest Checking accounts require a $100 minimum opening deposit. A qualifying client-initiated transaction may include deposits, checks paid, ACH items, and signature and PIN-based purchases made with a First Horizon Debit Card. The cash bonus will be deposited into your account within 10 business days after qualifying activities are met. Bonus will only be paid to open accounts with a positive balance. Other terms and conditions of your account are disclosed in your depositor agreement Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes. Offer and account opening subject to bank approval.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    BizEssentials Checking account has no monthly fees to worry about.

    Early Account Termination Fee

    Previous terms say account need to be kept open for six months, but I don’t see that in the terms this time.

    Our Verdict

    Need to lock up funds for ~90 days, this works out to be an annualized return of:

    • $400 bonus: 32%
    • $800 bonus: 12.8%

    Both offers are great. Best previous offer was for $300 but that had no hold period, still think this is a better bonus for most people. There is also a personal checking bonus for $450 that is worth doing. We will add this to the list of the best bank account bonuses.

    Useful posts regarding bank bonuses:

    William Charles

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  • [TN, AR, MS, AL, GA, KY, FL, NC & VA] First Horizon Bank $450 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

    [TN, AR, MS, AL, GA, KY, FL, NC & VA] First Horizon Bank $450 Checking Bonus, Direct Deposit Not Required – Doctor Of Credit

    Note: Terms state ‘Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers’. But this shows up in a google search and you also have to request a code by filling in your information so should be able to get this bonus even if not targeted but YMMV.

    Offer at a glance

    • Maximum bonus amount: $450
    • Availability: Offer is only available to residents of TN, AR, MS, AL, GA, KY, FL, NC and parts of VA (Bristol, Gate City, Weber City)
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Soft pull
    • ChexSystems: Unknown
    • Credit card funding: Up to $50
    • Monthly fees: None
    • Early account termination fee: Six months, bonus forfeit
    • Household limit: One
    • Expiration date: 3/31/24

    The Offer

    Direct link to offer

    • First Horizon Bank is offering a $450 bonus when you open a new checking account and complete the following requirements:
      • Maintain a $5,000 average daily balance
      • Conduct a minimum of 10 qualifying client-initiated transactions for each statement cycle for the first three full statement cycles

    The Fine Print

    • To qualify for the bonus, open a new FirstView Checking account by 03/31/2024 and maintain a $5,000 average daily collected balance and conduct a minimum of 10 qualifying client-initiated transactions for each statement cycle for the first three full statement cycles.
    • A qualifying client-initiated transaction may include deposits, checks paid, ACH items, and signature and PIN-based purchases made with a First Horizon Debit Card.
    • The cash bonus will be deposited into your account within 10 business days after qualifying activities are met. Bonus will only be paid to open accounts with a positive balance.
    • Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers, and is only available for new clients that have not had an account at First Horizon within the last 12 months.
    • Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.
    • All FirstView Checking accounts require a $50 minimum opening deposit.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    FirstView checking account has no monthly fees to worry about. You do need to opt in to paperless statements otherwise you’ll be charged a $2 monthly fee.

    Early Account Termination Fee

    Account must be kept open for six months otherwise the bonus will be forfeit

    Our Verdict

    Better than the $400 checking bonus. Definitely worth doing if they will send you an e-mail with the promo code, I guess there is some risk involved though if you weren’t targeted with a mailer.

    Hat tip to reader Bockrr

    Useful posts regarding bank bonuses:

    William Charles

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  • [KS, MO, AR, OK] Equity Bank $400 Business Checking Bonus – Doctor Of Credit

    [KS, MO, AR, OK] Equity Bank $400 Business Checking Bonus – Doctor Of Credit

    Offer at a glance

    • Maximum bonus amount: $400
    • Availability: KS, MO, AR, OK
    • Direct deposit required: No
    • Additional requirements: See below
    • Hard/soft pull: Unknown
    • ChexSystems: Unknown
    • Credit card funding: Can fund up to $2,500 with a credit card
    • Monthly fees: None
    • Early account termination fee: Unknown
    • Household limit: One
    • Expiration date: June 30, 2024

    The Offer

    Direct link to offer

    • Equity Bank is offering a $400 bonus when you open a new small business or commercial checking account and complete the following requirements by June 30, 2024:
      • Enroll in business online banking
      • Make $2,500 or more in qualifying deposits, which do not include transfers from existing Equity Bank accounts.
      • Minimum deposit of $100 required to open new checking account.

    The Fine Print

    • Business Checking Promotion.
    • Limited time offer and may be canceled without notice.
    • To qualify, please complete steps at equitybank.com and open a Small Business or Commercial Checking account with Equity Bank, including qualifying deposit.
    • The following criteria must be met by June 30, 2024: (1) Enroll in business online banking and (2) make $2,500 or more in qualifying deposits, which do not include transfers from existing Equity Bank accounts. Minimum deposit of $100 required to open new checking account.
    • Service fees may be assessed, and we may collect the bonus if the account is closed within the first 180 days after account opened.
    • Limit one promotional offer per business and/or address.
    • If your account meets the criteria and remains open and active, we will deposit the earned bonus into your checking account within 30 days after the qualification expiration date of June 30, 2024
    • . Bonuses may be considered interest and may be reported on IRS form 1099. (C) Equity Bank, 2023.
    • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

    Avoiding Fees

    Monthly Fees

    Small business checking account has no monthly fees to worry about.

    Early Account Termination Fee

    Our Verdict

    There is also a $200/$300 personal checking bonus. This business bonus seems to be easy to do, but not sure what business documents they require if any.

    Hat tip to ShawntheShawn

    Useful posts regarding bank bonuses:

    William Charles

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