Posted by William Charles on March 7, 2016
Bank Account Bonuses

Published on March 7th, 2016 | by William Charles

56

[Expired][TN & NC only] First Tennessee $300 Checking Promotion

This bonus is no longer available, view the best offers by clicking here.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: TN & NC only 
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: Use promotional code “ONLINE”
  • Hard/soft pull: Soft
  • Credit card funding: Up to $300
  • Monthly fees: $5-$9, waive able
  • Early account termination fee: Six months, otherwise bonus is clawed back
  • Expiration date: March 31st, 2016 

The Offer

Direct link to offer

  • Receive a sign up bonus of $250 when you open a new checking account with First Tennessee and complete the following requirements
    • Use the promotional code ONLINE
    • Direct deposit (no minimum specified) is required within 60 days of account opening

first ten $250 bonus

$50 Referral Bonus

You can also get a $50 referral bonus, other people have been able to get both this bonus and the $250 bonus listed above. Here are the requirements for the $50 bonus:

  • Within 90 days of receiving your referral invitation, open a new First Tennessee personal checking account with at least $100, AND complete two direct deposit transactions of at least $100 each within 60 days of account opening

You need to submit the referral form first, then sign up for the other bonus. Make sure you use the same e-mail address for both. You can find referral links in the comments below. Please only leave your link once, if you’re found doing this more than once we will remove your comments and ban you from leaving future referral links.

The Fine Print

  • Offer is good from February 5, 2016 to March 31, 2016
  • To receive your bonus, you must open the checking account online and ensure the code ONLINE appears in the online application where “Offer/Promo code” is requested
  • Opening deposit of at least $300 is required
  • Offer is only valid for households in Tennessee and North Carolina
  • At least one direct deposit must post to your account within 60 days of account opening. Opening deposit cannot be transferred from existing First Tennessee accounts
  • The $250 bonus will be credited to your account within 6 weeks of meeting all requirements
  • Limit one bonus per household. Cannot be combined with other checking offers. This offer is for new checking households only, or for households who have not had an open First Tennessee consumer checking account in the previous 12 months. This is now being enforced
  • Account must be kept open and in good standing for at least six months
  • Account openings are subject to bank approval and may be declined based on certain factors.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There are four accounts that can be opened for this bonus: Express Checking, Premier Checking, Classic Checking, Select Checking.

Express Checking $5 Monthly Fee

This is waived as long as you have at least one direct deposit in the month.

Premier Checking Account $9 Monthly Fee

This is waived if you have a minimum of $5,000 in combined monthly balances (checking, savings, bank IRAs or CDs).

Classic Checking $6 Monthly Fee

Cannot be waived

Select Checking $9 Monthly Fee

This is waived if you have at least one direct deposit and 15 customer-initiated debit transactions.

Early Account Termination Fee

Fine print states that the account must be kept open and in good standing for six months, I assume they take the bonus back if you don’t fulfill this requirement.

Our Verdict

This bonus used to be available nationwide, I assume if you signed up before the now you’ll receive the bonus even if you don’t live in the targeted area. Still a great bonus if you do live in the target area, as such we’ve added it to our list of the best state specific bank bonuses. One thing to remember about this bonus is that they seem to batch process the bonuses at the end of the month.

If you have any questions about this bonus, make sure you read through the old post that had ~500 comments first to save me some time answering questions that have already been answered.

Useful posts regarding bank bonuses:

Thanks to reader info for the heads up



56
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Terry
Terry

Doc, note the promotion is for TN and North Carolina residents, not South Carolina.

Ryan
Ryan

Shouldn’t the title be TN & NC, not SC? 😀

payyoutuesday
payyoutuesday

Should say TN & NC only.

Jordan
Jordan

I’m from CA and opened an account last week. Does anybody know if they’ll still honor the original promotion?

adrnln
adrnln

I currently have a FT checking account. Any chance transfering from it to a new one would count as ACH?

Eddy Cue
Eddy Cue

Wow! Glad i got in early when it was nationwide

sara
sara

There is also possible extra $50 bonus with referral.

You need to first register at this link:
http://bit.ly/1ODMTv7

After that open account using the $250 offer.
You should get $50 visa in the mail.

$50 offer requires 2 direct deposits ($100 minimum each) within 60 days.

All the info (name, address) has to be the same when registering and oppening account.

Howard
Howard

Terms of the $50 Visa referral say that it is not good with any other offer; so it is unlikely that you will get the $250 if you go through the $50. Possible if the bank is sloppy, but you should not count on it.

mrredskin
mrredskin

strict on the “household”?

Seabass
Seabass

I did this the night before this post and approved the next morning and I don’t live in those states. Is there anything I should be looking for to know that if I got in on the previous nationwide promotion?

chasinthetiger
chasinthetiger

I opened my account after January 27th and they said that they will not honor the bonus if you don’t live in TN / NC. I wonder if it’s worth trying anyways to see if their system didn’t catch it?

JOSE
JOSE

William

Can you fund this account $300.00 monthly with a credit card as you state in your initial link.

Seabass
Seabass

Opened the bank account night before this post and was able to fund with Citi DC

jose
jose

I was able to fund the account with a CC. Awaiting further notification from them. Did they contact you after funding the account?

Tabitha
Tabitha

We received a flyer in the mail (NC) for a $300 bonus expiring Feb 20th.
Opening deposit of at least $100 and at least one direct depostit posted to account within 60 days of opening.

I just opened an account for myself a month and a half ago but figured it was worth trying to get one for my husband as well despite the household rule

Ryan
Ryan

I opened my account when this was still nationwide as well (Jan 21) but my DD still hasn’t gone through. I live in NJ so I guess we’ll see if I get the bonus…

Andrew
Andrew

Modified offer is good from February 5, 2016 to March 31, 2016. So why was it good nationwide just before Jan 27?

Vic
Vic

Just a datapoint:

I can confirm that they are honoring bonus for accounts opened at least until 2/3.
I opened on 2/3 and received my bonus a few days ago.

John
John

I live in CA and applied before the state restrictions. Got my bonus.

Jordan
Jordan

When did you apply, fulfill req’s, and get the bonus?

Back to Top ↑