[Expired] [LA, MS, FL, AL, TX] Hancock Whitney Bank $300 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Update 2/13/21: Deal is back and valid until March 31, 2021. Hat tip to reader SamL

Offer at a glance

• Maximum bonus amount: $300
• Availability: LA, MS, FL, AL, & TX only. In branch only [Branch locator]
• Direct deposit required: Yes, $250+
• Additional requirements: None
• Hard/soft pull: Soft
• ChexSystems: No
• Credit card funding: None
• Monthly fees: $21
• Early account termination fee: $20, 180 days (bonus forfeit)
• Household limit: One (this is enforced)
• Expiration date: March 31st, 2020

The Offer

Direct link to offer

• Hancock Whitney Bank is offering a bonus of $300 when you open a Priority Checking account and complete the following requirements:
  • Receive a qualifying monthly direct deposit of at least $250 by 12/31/2020

The Fine Print

• Checking Promotion Requirements: Bring the promo code referenced above to your nearest financial center or apply online and open a new Priority Checking account with money not currently on deposit at Hancock Whitney Bank by the offer expiration date of 3/31/2020.
• The promo code is required at account opening.
• The following criteria must be met by 5/31/2020: set up and receive a qualifying monthly direct deposit of at least $250 per deposit.
• A qualifying direct deposit includes a salary, pension, social security or other recurring, monthly income amount of $250 or more, electronically deposited by your employer or outside agency.
• Transfers from one account to another or deposits made at a financial center or ATM do not qualify.
• Limit of one new consumer checking related bonus per household per calendar year.
• The Bank may change or discontinue the offer at any time and without notice.
• This offer is non-transferable and cannot be combined with other offers.
• The email given at account opening must match the email address submitted to get the offer promo code.
• If your account meets the criteria, and remains open and active, we will deposit the earned bonus into your new Priority Checking account within 6 weeks after the qualification period of 5/31/2020.
• Bonuses may be considered interest and may be reported on IRS Form 1099.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Priority Checking account has a $21 monthly fee, this is waived if you do one of the following:

• a minimum daily collected balance of $10,000 or more;
• $25,000 in combined deposits (excluding CDs and IRAs) or consumer loans (excluding mortgages) or credit card balances;
• $250,000 or more in a Trust account or account (excluding annuities) with Hancock Whitney Investment Services.

Early Account Termination Fee

$20 fee is charged for each account if the account is closed within 180 days. Looks like you might also forfeit the bonus.

Our Verdict

There was a previous $500 deal. That required the same account, normally the $300 bonuses only require the silver checking account that is easier to keep fee free. Because of that I wouldn’t recommend doing this bonus, either wait for the bigger bonus to return or wait for a $300 bonus that is easier to keep fee free.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times

Post history:

• Deal has been extended until December 31, 2020. But there is now a $300 bonus.
• Update 7/18/20: Terms say this ended on 6/30, but if you e-mail yourself a promo code it says valid thru 9/31/20. I’m guessing they just forgot to update the fine print. Hat tip to reader BlaseBB
• Update 3/31/20: Extended until 6/30/20