Offer at a glance
- Maximum bonus amount: $300 Visa gift card for checking + $100 for savings
- Availability: LA, MS, FL, AL, & TX only
- Direct deposit required: No
- Additional requirements: E-statement enrollment and 5 transactions
- Hard/soft pull: Soft
- Credit card funding: None
- Monthly fees: Waived with $250 balance
- Early account termination fee: $25, 180 days
- Expiration date: September 30th, 2016
The Offer
Direct Link to Offer Branch Locator
- Open a checking account with Whitney Bank and receive a $300 Visa gift card after enrolling in e-statements and using your debit card 5 times before October 31st, 2016.
- Open a Silver Savings account and receive an additional $100 Visa gift card when you deposit a total of $20,000 or more in new money and maintain your $20,000 balance through October 31st, 2016.
Account must be opened in-branch or possibly over the phone. No option to open an account online. Note that in the previous offer, some bankers weren’t able to get the offer, depending on the area etc. It may be worth calling in first to verify before making the trip.
The Fine Print
- To be eligible for the promotion: A personal checking account, with new money not currently held by Whitney Bank or Hancock Bank, must be opened.
- One gift card per household.
- The offer is non-transferable and valid only for person residing at the address the mail was sent to. This cannot be combined with other offers.
- Gift card will be sent to the address associated with your new account within 4-6 weeks after the qualification expiration date of 10/31/16.
- You’re required to pay taxes on all bank account bonuses
Avoiding Fees
The basic checking account (called the ‘Access’ account) comes with a $10 monthly fee, waived with a $250 daily balance and waived for those under age 24 or over the age of 64.
According to reader Vasv, there is an early account termination fee of $25 if closed within 180 days.
Our Verdict
This is an awesome bonus, it’s a shame it’s targeted. Some people have also gotten offers for $200 just for checking or $200 for checking + $100 for savings. At the moment we have no idea how to get targeted for this offer unfortunately. If you have any ideas, please let us know in the comments. You can view the best bank account bonuses available to everybody by clicking here.
Hat tip to u/IAmUber on /r/churning
