Posted by William Charles on September 12, 2017
Bank Account Bonuses

Published on September 12th, 2017 | by William Charles


[Expired] First Tennessee $300 Checking Promotion + $100 Savings Bonus + $50 Referral [Middle Tennessee and North Carolina only]

This checking bonus has expired, click here to view the best current checking bonuses.

Offer at a glance

  • Maximum bonus amount:
  • Availability: Middle Tennessee and North Carolina only
  • Direct deposit required: Yes, no minimum mentioned
  • Additional requirements: Open with at least $300
  • Hard/soft pull: Soft
  • ChexSystems: Yes
  • Credit card funding: Up to $300
  • Monthly fees: $7-$12, waiveable
  • Early account termination fee: Account must be kept open for six months, or bonus forfeit
  • Household limit: One
  • Expiration date: May 31st, 2017 July 15th, 2017 September 2nd, 2017 October 21st, 2017 December 9th, 2017

The Offer

Direct link to offer

  • Open a new First Tennessee checking account with the promo code COF300 and receive a bonus of $300 when you complete the following requirements:
    • Open account with at least $300
    • Have at least one direct deposit post to your account within 60 days of account opening
  • You can also get a $100 bonus by opening a money market savings bonus and depositing $10,000. You need to enter the promo code OFS100.  You need to maintain that balance for 30 days after account opening

first tennessee

The Fine Print

  • Offer Details: Offer expires July 15, 2017.
  • This offer is non-transferrable and only available to residents of Middle Tennessee and North Carolina. (It does say the offer is non-transferrable, but should still be open to anybody)
  • To receive your bonus, you must open your account and present your mailer at a financial center or open the checking account online (starting at and ensure the code COF300 appears in the online application where “Offer/Promo code” is requested.
  • You must have an opening deposit of at least $300, and 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.
  • If you meet the stated requirements of this promotional offer, the $300 bonus will be credited to your account within six weeks of the first direct deposit and will be reported as income on Form 1099-INT.
  • 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 checking account in the previous 12 months.
  • Customer agrees to maintain account in good standing for a minimum of six months
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Express Checking, $7 Monthly Fee

This is waived if you have at least 1 direct deposit during a statement cycle and is the obvious choice for which account to pick.

Classic Checking $8 Monthly Fee

This cannot be waived (and has been increased in the last couple of months).

Select Checking $9 Monthly Fee

This is waived if you have at least 1 direct deposit and 15 customer-initiated debit transactions during a statement cycle.

Premier Checking, $12 Monthly Fee

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

Early Account Termination Fee

The fine print states that the account must be kept open and in good standing for 6 months. We can assume that they will take the bonus back if you don’t fulfill this requirement.


Even though the terms of the offer state that it “cannot be combined with other checking offers”, readers in the past have had success combining the referral bonus with the checking account bonus. In order to receive the referral bonus, you must submit the referral form first, THEN sign up for the $300 bonus.

Note that the terms of the referral are slightly more strict with respect to the direct deposit requirement. You will need to complete two direct deposits of at least $100 each within 60 days of account opening.

If you meet the requirements, both you and the referrer will receive a $50 Visa Gift Card (within about 6 weeks).

You can leave your referral links in the comments below. Please only leave your link once and post your full link for the domain (not the link you are provided if sharing via Twitter). If we find you doing this more than once, we will remove your comments and ban you from leaving future referral links.

Our Verdict

This is better than the $200 bonus that is open to more states (AR, GA, MS, NC, TN, or VA) as the requirements are exactly the same. Definitely worth doing if you live in the target area as it’s one of the better checking sign up bonuses and you can also churn it (can’t have had a First Tennessee account in the last 12 months). They also have a $150 business checking bonus available.

Big thanks to reader, Mike & /r/churning who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

Leave a Reply


newest oldest
Notify of

I opened an account with them a few days ago and it couldn’t have been any smoother. Received a personal e-mail, no extra documents were needed and very responsive on tweeter.

Here is my referral link

Make sure the code “COF300” appears in the online application where Offer/Promo code is requested. This way not only you get $300 but also the additional $50 referral bonus.


Used Joe’s (was doing it at the same time as Nick it appears)

Here is my referral link. Thanks.

Here is my referral link. When I joined First Tennessee in November 2016, I received the gift card within about 2 months of account opening.

Thanks in advance.

On top of the $300 bonus, I was able to get another $50 after signing up for the account.
I used DoC’s link first to open the account, then entered my information here:

I received the $150 first, and then a few weeks later the $50 visa card arrived in the mail.
The welcome package even suggested to fill out the referral form.

Additional requirements:
1) Open with at least $100, AND
2) Complete TWO direct deposit transactions of AT LEAST $100 EACH within 60 days.

Two questions for anyone who’s already been successful

1) how long after I use the referral link do I open the account. Can I do it within the same hour?
2)Can I use 2 direct deposits of $100 each for the referral towards the $300 direct deposit for the $300 bonus. So I only would need to deposit $100 more? Is this correct?

1) There is no wait time, but the email address and phone number must match. The system will simply run a job after x days and look if you opened an account and are also in the system.
2) Your opening deposit (initial funding) must be 300, then two direct deposits of at least 100 each.

Was able to stack referral with $300 bonus. Also just received my gift card in mail for $50.

DP: Opened account 6/30 just before cut off. Link was no longer live, but used PIN300 code and a CSP called me and confirmed I was elegible
6/30: Funded $300 with CSP — coded as purchase
7/6: $100 transfer from Chase – text said “JPMorgan Chase Ext Trnsfr”
7/10: 2nd $100 transfer from Chase
7/27: Received $300 Bonus. Seems they batch process these all at the same time, generally the end of the month.
8/7: Received $50 gift card.

Please use my link if you sign up!

Referral Link: [no shortened links please]

Easy bonus and quick payment of both the bonus and referlive card when I did the $200 last time.

Opened a new account today! The process was smooth and managed to fund $300 (this is the maximum allowed) with my Barclay Aviator credit card. It posted as purchase.

[referral link removed, read the rules closely no shortened links allowed]

I took advantage of the previous $200 bonus offer.

Two direct deposit from Discover P2P: 2/14
Bonus posted: 3/3

You can get $50 by using my referral link: [no shortened links, read the rules]

$50 Refer bonus requirement: 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.

Anyone get the bonus from out of the areas listed last time?

What exactly counts as northern California? I’m in the central valley so doubt I count as northern California.

Many thanks.

Used Raj’s link to open the account.

Got the message: We are currently reviewing your application and will contact you within 2 business days with additional information.

Thank you

Lol ah yes I see now.

Sorry. Repost with replaced new referral link.

I took advantage of the previous $200 bonus offer.

Two direct deposit from Discover P2P: 2/14
Bonus posted: 3/3

You can get $50 by using my referral link:

$50 Refer bonus requirement: 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.


Thanks! Good luck!

I signed up for this yesterday, using the $300 offer code “COF300” and using a referral link posted here. Here is mine:

So they let me open on line, I am in SC, right over the border from NC. Super easy to open on line, took less than 5 minutes. Will be doing either Cap1 or p2p this week, will update on if that activates bonus. Funded with Ink+ (SPG not allowed ftw) appears to have coded as a purchase, but is still in pending so will update on that as well.

Charlotte NC here. I’m pending as well. Fingers crossed!

This is my 8th new bank account in the last 12 months, so that might explain the snag. Too many good deals this year, I just couldn’t help myself.

Approved! They just want me to scan some documents to them first.

What documents did they ask for? Anything related to state residency requirement?

Not OP, but they asked me for a picture of my license and a bank/utility statement.

License and utility bill, like Bob said.

I’m in SC and they didn’t ask me for diddly, odd.

Were you able to get the bonus?

I did yes, Took less than two weeks.

Awesome, I’m in Florida and took a gamble on this myself. *fingers crossed*

Any updates?

Not yet, I did two Wells Fargo pushes last week. Looking at DPs on past bonuses, some people got paid in a week, some two, some a month.

I’ll update if the bonus posts for sure though

Did the bonus post?

Following… In FL also and just completed all the painful (slow in comparison to big Banks) opening steps today.

I’m in Florida, too. My deposits counted as dd since my gc is on its way but I haven’t gotten the bonus yet. I opened 5/25 but forgot to write down when I did the dd. I will keep this open a few more weeks to see if maybe the bonus will post.

Did it ever post?

I had an existing account from a previous bonus. Super easy to apply.

Here is my referral link:

Back to Top ↑