Posted by sirtheta on December 16, 2016
Bank Account Bonuses

Published on December 16th, 2016 | by sirtheta

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[Expired] [FL, NC, SC, TN, VA, KY Only] First Tennessee $150 Checking + $50 Money Market Promotion

Deal has expired and is no longer valid, view more bank account bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Varies on offer
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: See below
  • 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
  • Expiration date: June 30, 2017 Offer expires February 28, 2018 April 30th, 2018 June 30th, 2018 August 31st, 2018 October 31st, 2018 December 31st, 2018 February 28th, 2019 April 30th, 2019 June 30th, 2019

The Offer

 =Direct link to MGR150 offer. | Direct link to QCH150 offer
  • Receive a sign up bonus of $150 when you open a new Express Checking or Premier Checking account with First Tennessee and complete the following:
    • Open account with the promotional code SWT150 (or present a copy of the printed promotion at a branch)
    • You can also open an Express Checking account with the promotional code SWT150
    • Have an opening deposit of at least $300
    • Receive at least one direct deposit within 60 days of account opening
  • Receive a sign up bonus of $150 when you open a new Classic, Express, Select, or Premier Checking account with First Tennessee and complete the following:
    • Open account with the promotional code MGR150 (or present a copy of the printed promotion at a branch)
    • Have an opening deposit of at least $100 (note the difference)
    • Receive at least one direct deposit within 60 days of account opening
  • Receive a sign up bonus of $50 when you open a new Money Market Savings account with First Tennessee and complete the following:
    • Open account with the promotional code SVSC50 (or present a copy of the printed promotion at a branch)
    • Have an opening deposit of at least $2,000
    • Make total deposits of at least $5,000 in the first 30 days

first-ten

The Fine Print

  • All offers expire 06/30/2017.
  • Express or Premier Checking
    • To receive your bonus, you must open the checking account online and ensure the code SWT150 (or MGR150, depending on the link you’re using) appears in the online application where “Offer/Promo code” is requested, or open your account and present a copy of the offer at a financial center.
    • You must have an opening deposit of at least $300 ($100 for code MGR150), 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 $150 bonus will be credited to your account within 6 weeks of the first direct deposit and will be reported as income on Form 1099-INT.
    • Limit one bonus per household.
    • 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.
  • Money Market Savings
    • To receive your bonus, you must open the money market account online and ensure the code SVSC50 appears in the online application where “Offer/Promo code” is requested, or open your account and present a copy of the offer at a financial center.
    • You must have an opening deposit of at least $2,000, and make total deposits of $5,000 within 30 days.
    • If you meet the stated requirements of this promotional offer, the $150 bonus will be credited to your account within 6 weeks of the first direct deposit and will be reported as income on Form 1099-INT.
    • Limit one bonus per household.
    • This offer is for new First Tennessee savings households only, or for households who have not had an open First Tennessee consumer savings account in the previous 12 months.
    • Customer agrees to maintain accounts in good standing for a minimum of six months.
    • No minor accounts.

Avoiding Fees

Since you can open the money market account separately, every First Tennessee checking account is eligible for a $150 bonus. Express Checking has the easiest requirements for the fee rebate.

Express Checking, $7 Monthly Fee

This is rebated if you have at least one direct deposit during the month.

Classic Checking $6 Monthly Fee

This cannot be waived.

Select Checking $9 Monthly Fee

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

Premier Checking, $12 Monthly Fee

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

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.

Our Verdict

First Tennessee has had bigger checking offers in the past, but they haven’t been open to as many states as this recently and the bigger offers have been targeted as well. It’s a personal call on whether you should grab this offer or wait for a higher bonus of $250/$300. If you’ve already completed the other bonuses found on our checking promotion page, maybe give this one a go. Otherwise do those first and hope for a better offer from First Tennessee while you wait.

The money market bonus requires tying up $5,000 for a 1% return. You can do better, but it’s a nice bonus if you actually want to switch to First Tennessee.

Technically, there is no explicit state limitation indicated on this offer, and you can proceed on the application with a zip code outside of the states where First Tennessee has branches. If you’re from outside of the area that First Tennessee serves and have a successful application, let us know in the comments!

Useful posts regarding bank bonuses:



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Sarah
Sarah

On top of the $150 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:
http://bit.ly/2hWQUBG

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

Eric
Eric

You wrote “Technically, there is explicit state limitation indicated on this offer,”. Did you mean to write “NO” before “explicit” as the rest of the context implies that?

Gadget
Gadget

I think he meant but, not “and”. “Technically, there is explicit state limitation indicated on this offer,” BUT “you can proceed on the application with a zip code outside of the states where First Tennessee has branches.

Dan
Dan

Jan 9 – Signed up for the referral program and the express account (Used code OFB150). Initial $300 funding on Chase Sapphire Reserve coded as sale for the CSR and as “Uncategorized Income” in the first tenn account.

Jan 12 – Transferred $100 via paypal
Jan 13 – Transferred $100 via paypal (referral program requires 2x DD of >$100 within 60 days)

Paypal transfers coded same as CSR initial funding.

I also set up my real paycheck to DD a small amount to keep the account fee free. This codes as “Income”.

Some more thoughts on the referral program:
Its awesome! It seems to be a third party service that is run by 1st TN bank which means the 2 bonuses are entirely independent of each other. Simply, you don’t have to worry about the referral bonus being awarded instead of the bank bonus.

I will update when the bank bonus is awarded and again when the referral bonus arrives.

Here is my referral link if I am allowed to share it: http://bit.ly/2isAAvv

kelly
kelly

do you know if the referral is for both parties involved?

Heather Craytor
Heather Craytor

The bonus benefits both the referrer and the referee – both get a $50 VGC after meeting the requirements (which are different from the requirements to get the account opening bonus).

Dan
Dan

Correct, I used the referral page to send one to my friend. Both of us get visa GC upon completion of requirements.

Dan
Dan

Nothing to update yet! Last time around, the bank issued the bonus in a monthly batch so I’m expecting the same.

Dan
Dan

1/26 Bonus Posted to first Tennessee account!

Last time around they issued them in batches once a month so if you participated check your account and confirm if the bonus posted yesterday!

Dan
Dan

Received my visa gift card yesterday!

To recap my time line:
Jan 12 – Transferred $100 via paypal
Jan 13 – Transferred $100 via paypal (referral program requires 2x DD of >$100 within 60 days)
Jan 26 – First Tenn bonus posted
2/13 – Visa gift card received in mail from referlive.

Morua
Morua

Now you can get $250 ($200+$50) account opening bonus:

1. $50 extra referral bonus
[removed your referral link]

2. $200 offer
https://www.firsttennessee.com/200bonus
Al through it says only available to residents of Tennessee, North Carolina, Virginia, Georgia, Alabama, Mississippi, Arkansas, and Kentucky, people who are not in these state still got the offer in the past.

You can always combine these two offers

Kevin Rose
Kevin Rose

2016-12-28 Registered referral.
2016-12-29 Checking opened with SWT150 funded $300 via CC.
2016-12-29 Savings opened with SVSC50 $2000 funded via ACH.
2017-01-06 Full DD from work to checking.
2017-01-10 $3000 ACH Push from CU to Savings.
2017-01-20 Full DD from work to Checking.
2017-01-20 Referlive says bonus is on its way.
2017-01-26 Bonus posts to Checking.
2017-01-26 Bonus posts to Savings.
2017-01-27 Bonus card arrives in mail

My link: http://bit.ly/2kBSpXd

Kevin Rose
Kevin Rose

Also card referral card easily unloaded at WM. Didn’t need to use PIN or anything. No to cashback and out came the MO.

Jason
Jason

I also got both sign on bonus ($200) and referral bonus ($50). Here is my referral link for the extra $50 (please don’t just randomly share your referral links. They should be kept in referral specific posts to reduce spam)

Ben
Ben

Does ACH push from Discover counted as Direct deposit? If not, how about paypal transfer? Thanks.

John
John

$200 offer
https://www.firsttennessee.com/200bonus
I am in NY and got this bonus. Also received a $50 VGC in mail.

My referral link for the $50 VGC [removed]

AC
AC

Did you use your NY address when you applied online? What form of ID did you include? Was your account instantly approved?

Nasim Akhtar
Nasim Akhtar

Mentioned GA but not listed inside. This is a crap webside for misinformation.

KenR
KenR

My SO got $150 this year and in terms it says Limit One Bonus Per Household so I guess I am not qualified for this new offer,right? Thanks.

Rat
Rat

Offer expires June 30, 2017.

Also, several bit.ly links exist hidden on this page. Need to call the referral police!

Gadget
Gadget

DoC,

In ref to: https://www.firsttennessee.com/landing/deposit/150-checking-ATM-landing-ATM150

Offer expires February 28, 2018.

I know they have had much better offers in the past. Another concerning issue is that they now are excluding most of VA and only accepting a small footprint of VA. That’s depressing.

William Charles

Thanks, updated post

Yet Another Redditor
Trey
Trey

Offer extended to June 30, 2018

Mang
Mang

I live in Florida and the title of this pages states Florida as one of the states eligible for the promo. However, when I actually click the offer links (all of them), it says “only available for residents of TN, AR, MS, GA, AL, KY and parts of VA (Bristol, Weber City, Gate City).”

Will it tell me I’m not eligible for the offer if I apply now? I mean, there are a few branches near by so I may just bite the bullet.

William Charles

There are multiple offers, so make sure you try to find the one that is valid to FL.

Mang
Mang

Will do. Thanks!

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