Posted by William Charles on May 9, 2019
Checking Accounts

Published on May 9th, 2019 | by William Charles


[LA, MS, FL, AL, TX] Hancock Whitney Bank $500 Checking Bonus

Offer at a glance

  • Maximum bonus amount: $500
  • 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-$25, avoidable
  • Early account termination fee: $20, 180 days
  • Household limit: One (this is enforced)
  • Expiration date: June 30th, 2019

The Offer

Direct link to offer

  • Hancock Whitney Bank is offering a bonus of $500 when you open a Priority Checking account and complete the following requirements:
    • Receive a qualifying monthly direct deposit of at least $250 by 8/31/19

The Fine Print

  • Bring the promo code referenced above to your nearest financial center and open a new Priority Checking account with money not currently on deposit at Hancock Whitney Bank by the offer expiration date of 6/30/19.
  • The promo code is required at account opening.
  • The following criteria must be met by 8/31/19: set up and receive a single, qualifying monthly direct deposit of at least $250. 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 8/31/19.
  • Bonuses may be considered interest and may be reported on IRS Form 1099.

Avoiding Fees

Monthly Fees

Priority Checking $21 Monthly Fee

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.

Priority Money Market $25 Monthly Fee

This account has a $25 monthly fee, this is waived with a minimum daily collected balance of $25,000

Early Account Termination Fee

$20 fee is charged for each account if the account is closed within 180 days.

Our Verdict

It doesn’t look like you need to actually open the Priority Money Market account, but if you do then you’ll get 2% APY. I think the best option would be to open both the checking & money market accounts, put $25,000 into the money market to avoid the monthly fees on both accounts and earn 2% APY. Then you could set up the direct deposit and after the bonus posts close both accounts (and pay the fees) and move your funds back over to a high yield savings account. It might be worth keeping the accounts open for the full six months to avoid the early account termination fees depending on how long the bonus takes to post.

Hancock Whitney often offers a $300 checking bonus, personally I think you are best off just waiting for that offer to return. It’s easy to keep fee free and can be opened online instead of in branch. Because of that I won’t be adding this bonus to our best checking bonus page.

Hat tip to  carl_global

Useful posts regarding bank bonuses:

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The term states that set up and receive a single, qualifying monthly direct deposit of at least $250. Does it mean just $250+ is enough? Or 250+ for each month since I open the account?


Anyone know if this offer stack with the $100 Silver Saving Offer or it is one or the other?

Natalia from New Orleans
Natalia from New Orleans

I do not think they interfere one with another at all


“To maintain Priority pricing, your Priority Checking account must maintain a minimum of 5 client-initiated debit or credit transactions per statement cycle. Otherwise, your Priority Money Market account will earn the default APY for the statement cycle.” Also “If your account is closed within 180 days after opening, we reserve the right to deduct the bonus amount from your account’s closing balance.”

One option is to take the $500 (minus tax) minus 6 $21 fees before closing.

There’s also the question of can you downgrade to less burdensome accounts.

Yeah, the $300 one is better if it comes back.


Possible that they waive the first couple of monthly fees?

Natalia from New Orleans
Natalia from New Orleans

open checking with 10k at the end of the June
have 250 DD in July, and may be august too ?

Close after bonus posted, pay 20.00 to close early
Easy 480.00 = 500-20 ? am I missing something


“If your account is closed within 180 days after opening, we reserve the right to deduct the bonus amount from your account’s closing balance.”


William Charles
Just talked with a banker and as per her you need to open both the Priority Checking and Money Market. She says she confirmed that with the marketing department.


I opened up all 3 accounts today…. Priority checking, Money Market and Savings acct to stack the bonuses… this deal with the 6 months of 2% interest works out to $850 bonus…. not bad for just needing 1 direct deposit and within 6 weeks getting a $500 bonus… I already dropped off the direct deposit form to my employer and I should get the dd done by July 1 paycheck… so hopefully, the bonus will drop by the end of July… then I’ll do $475 Bank of America checking bonus…


so I checked my statement online and I’m getting 2.13% interest on the checking account instead of 2% as advertised…

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