Posted by William Charles on February 2, 2020
Bank Account Bonuses

Published on February 2nd, 2020 | by William Charles

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[AR, FL & NC In branch only] Bank OZK $250 Checking Bonus

Bank OZK does not endorse the content on the page

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: $250
  • Availability: AR & NC In branch only. Not available at all branches [Branch locator]
  • Direct deposit required: Yes, $2,000+
  • Additional requirements: None
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: Unknown
  • Expiration date: None listed

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:



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H.P.
H.P.

The Ozarks is in AR, MO, OK, and KS. It’s funny that Bank of the Ozarks have branches in faraway states like NY, CA, SC, FL but not in MO, OK, and KS.

Spiel
Spiel

is the Rockefeller Center location in Manhattan participating?

JC
JC

No – I called last week to check.

Jason
Jason

They have offices that are not regular banker buildings and not accepting deposits. Not sure what they do in there.

tavert
tavert

It looks like many of them are LPOs? https://www.investopedia.com/terms/l/loan-production-office-lpo.asp

Still funny to see “lobby hours” listed as always closed.

leapfrogger
leapfrogger

Saw this advertise on a billboard in another city in my state. Will post if I find out anything.

nick
nick

companies still use billboards to advertise? 😀

leapfrogger
leapfrogger

Well, it’s actually the company sign out in front of the business.

Shawn
Shawn

Any prior thread or posts? Will check Houston branches if not.

missjenniferd1🦉 🦁

the post says tn, but when i click on branch locator, and type my zip code, it then gives me that the branches are only located in these states: i guess they’ve closed whatever branches they had in tn.

Alabama
Arkansas
California

Florida
Georgia
Mississippi

North Carolina
New York
South Carolina

Texas

Adeel
Adeel

Going to pass on this one, it doesn’t seem worth it with the DD amount being so high, and no DP’s on what works. Trying to push in 2k, 500 at a time (most I can do) from 10 different bank accounts till one works just isn’t worth it. I also don’t need more accounts on my chex report.

JV
JV

Not really a high amount of DD. Its a healthy bonus for only 2k

Geo

I just spoke to a rep on the phone. This bonus is available to all bankers in-branch across Bank OZK. Details about the bonus include (note the 5 DD requirement):

1) $250 bonus requires a minimum of 5 direct deposits totaling $2,000 or more within 120 days.
2) Not a current/active Bank OZK client (not sure if just checking or across all account types)
3) Haven’t had an account opened or closed within the past 180 days
4) $250 deposited on day 121 after meeting eligibility requirements.

IS250
IS250

Thanks. Now we just need to see if they’re Chex sensitive or not.

Derrick C
Derrick C

FWIW – I stopped by the two closest Bank of Ozks near me here in Carrollton and Plano, TX. The Plano location had no idea about the promo. I’m assuming since it was just released yesterday. The bankers and tellers don’t know a thing about it. So I left and went to the Carrollton location less than 1 mile away. They said they heard of it but had very little information on the promo because of it not being formally released by Marketing to all branches yet. The teller I have opening my account now had to call her branch manager twice to get all the details when putting in my information.

Give it a few days and all branches should be all caught up. This looks to be a very easy bonus if you have DD capability. The requirements are very easy to meet.

Derrick C
Derrick C

Update – they opened my account but told me that they do not have confirmation that the checking bonus will be honored at Texas branch locations yet, FYI. What a cluster by this bank. Get you stuff together…

AKJohnny
AKJohnny

let us know… I’m in Texas and am wanting to do this promotion

Derrick C
Derrick C

One more add. I opened a Free Checking account earlier in the Carrollton, TX branch. I was just called by Stacy, the assistant manager of the Plano, TX branch, and she confirmed that this promotion is not being offered in TX. I’m not sure whether or not

A) she is not fully informed, or
B) she is accurate; thereby making Texas an exclusion for this promo

It’d be nice to have some other Texas DP’s…

Derrick C
Derrick C

TLDR: for the state of Texas, only south Texas city branches are offering this promotion. North Texas branches are excluded (Dallas, Ft Worth, Tyler)

3:28 PM CT (ANOTHER/FINAL update): I decided to try to figure this out for sure. I called the Frisco, TX location, where the regional manager works and actually spoke to a banker that has accurate information. All the banks found out this (2/3/20) morning about the marketing promotion. North Texas (Dallas, Ft Worth, Tyler) branches are NOT offering this promotion, but South Texas (Austin, San Antonio, Houston) branches are. I find this incredibly frustrating – both that they’ve split this promotion to exclude part of an entire state, and that Marketing could not do an appropriate job to properly inform all their branches of what is going on by the start of the promotion.

With no incentive to bank with Bank OZK, I’ll probably just withdraw my initial deposit and close my account. I was actually excited to try this bank’s products – they have a bunch of great account options…but them sliding the rug out from under me was a deal-breaker. My rant is over now.

Stephen
Stephen

I called one Houston branch and they didn’t know about this bonus.

Jay
Jay

William Charles re: “Update 2/3/20: Bonus is only available in AR & NC.”

Who/where was the source for this update? It seems to conflict with information provided by at least two commenters…

Jeremy
Jeremy

Anyone know if it’s soft or hard pull yet?

Derrick C
Derrick C

Soft

Jeremy
Jeremy

I just opened account in branch. It requires minimum of 5 direct deposits for a total of $2,500 or more within 120 days. NOT $2,000 like this post says. Proof here: https://pages.ozk.com/switch William Charles

Betelgeuse ㊙️

Jeremy Are they Chex sensitive?

Derrick C
Derrick C

This link is the first official mentioning of the bonus but nowhere does it indicate the participating branches. Odd.

Jeremy
Jeremy

Just call your local branch and ask, that’s what I did. Then when I got there today they had a flyer on the front door advertising this promo also.

JC
JC

The link no longer works – it now redirects to the bank’s homepage. Not surprising, as I’m sure they didn’t want information out there suggesting this was available nationwide/at all branches when DPs suggest it is not.

zoocity
zoocity

Branch in my town in central NC is offering the bonus. They were a bit disorganized when I called in and we’re not 100% sure on the terms. Will report back after going in.

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