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Update 10/28/23: $500 bonus in branch available again. Requirements as follows:
Update 10/14/22: Looks like a $500 bonus might now be available with the following requirements:
- Open checking account with a direct deposit totaling $5,000 within 90 days and 10 debit transactions (Signature based POS purchases or pin based purchases) to receive a $450 bonus.
- Open savings account and maintain atleast $750 (need $750 balance on the 90th day from account opening plus the very next day) to receive additional $50 bonus.
Hat tip to 01d-monk
2 – open savings account and maintain atleast $750 in it for the remaining $50.
Update 2/6/20: Bonus also available in FL
Update 2/3/20: Bonus is only available in AR & NC.
Offer at a glance
- Maximum bonus amount:Â $250
- Availability: AR, FL & NC, TX, GAÂ In branch only. Not available at all branches [Branch locator]
- Direct deposit required:Â Yes, $2,000+
- Additional requirements:Â None
- Hard/soft pull:Â Unknown
- ChexSystems: Yes
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â Unknown
- Expiration date:Â None listed
Contents
The Offer
No direct link to offer, available in branch only
- Bank OZK is offering a bonus of $250 when you open a new checking account and complete the following requirements:
- Receive $2,000 in direct deposits within 120 days of account opening
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fees
Early Account Termination Fee
I wasn’t able to find an early account termination fee in the fee schedule
Our Verdict
Need to know if it’s a hard or soft pull and how many of the branches this is actually available at. Please share your experiences and datapoints in the comments below.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
