Posted by William Charles on March 14, 2020
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Published on March 14th, 2020 | by William Charles

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[Nashville, TN] First South Financial $200 Checking Bonus – Direct Deposit Not Required

Update 3/14/20: Deal is back and available again until 3/30/20.  Hat tip to reader Kay. According to this comment you can get an additional $50 by setting up direct deposit, but you need to ask for this promotion in branch.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Nashville banking center only 1211 51st Avenue North, Nashville, TN
  • Direct deposit required: No
  • Additional requirements: None
  • Hard/soft pull: Unknown, hard pull according to rep
  • ChexSystems: Unknown 
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: March 31st, 2019

The Offer

Direct link to offer

  • First South Financial Bank is offering a bonus of $200 when you open a new Fresh Start Checking account and complete the following requirements:
    • Open with a minimum deposit of $50
    • Make a combined total of 15 purchases and/or payments within 60 days of account opening

The Fine Print

  • Offer valid until 03/31/2019 and does not apply to existing First South Financial checking accounts or members who live outside the Nashville MSA.
  • Limit one First Start Checking Account per household.
  • Checking account must be opened with at least $50 and you must make a combined total of 15 purchases and/or payments with your First South debit card, personal check or a direct debit/payment from the checking account within 60 days of account opening to receive the bonus.
  • $200 bonus will be paid 4 to 5 business days after the qualifications are met. Offer is subject to change or withdrawal without notice and cannot be combined with other checking offers.
  • On the 13th month your checking account is opened, the monthly minimum balance requirement and service fee will apply.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There are no monthly fees for the first 12 months, not sure whatt he fees are after that

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee

Our Verdict

Always nice to see a bonus with no direct deposit requirement and no monthly fees to worry about. The downside is that it’s only available at one banking center and we don’t know if it’s a hard or soft pull (although you should be able to ask). If it turns out to be a soft pull we will add it to the list of the best checking account bonuses. Normally I’d save this sort of bonus (highly region specific bank bonus) for the weekend but given that there isn’t much time left I thought it best to post sooner rather than later.

Useful posts regarding bank bonuses:



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cn
cn

fyi: fresh start checking is not on the website, i will give them a call in the morning to see if i can apply over the phone. i do live around nashville but over the phone maybe too tight as it ends on 31th

mcafeeee
mcafeeee

Would love to know more detail on this one: hard/soft pull, chex etc if someone calls in or visits a branch.

Kay Lowe
Kay Lowe

I was told soft pull. I had to go in branch. Don’t know if applying by phone would have worked. No web application for this one. This is the first that I have been forced to apply in branch, out of 12+. Some I have gone in branch, but this is the first that I was forced to got there.

cn
cn

i’m going tomorrow, anyone can refer me per bank i can do the $50 & $50 refer on top of this but terms online say cannot combine with other offers so ymmv. also it’s nashville and dyersburg. There is a $35 fees that is non-refundable

Flypiggy
Flypiggy

Just stop by the branch and I am told it is hard pull

mcafeeee
mcafeeee

boo

SAMANTH KUMAR G
SAMANTH KUMAR G

It is clearly a Hard pull, please add that to heading, I am a victim of not seeing that

Lily
Lily

This bank does hard pull. I had done a similar promotion at their another location 3 yrs ago (their promotions always seem to limit to particular location only).

Kay
Kay

still good through 3/31/2020

Dodik
Dodik

They also have a $50 promo for setting up a DD bringing the total promo to $250. Make sure you ask for it at the branch

Kay Lowe
Kay Lowe

I was told the same.

Matt B
Matt B

Dodik did you apply? Was it hard pull?

Kay Lowe
Kay Lowe

Not sure. How could I find out? She told me it would not be.

Kay Lowe
Kay Lowe

When I talked to the reps they assured me that it was a soft pull only unless you were getting a credit card. And the deal is also at Dyersburg, TN.

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