Deal has expired, view more bank account bonuses by clicking here
Update 8/16/19: Deal is back and valid until August 31st, 2019
Update 7/6/19: Deal is back and valid until July 31st, 2019
Update 3/26/19: Deal is back but not nearly as good as before. Now requires two direct deposits and says that these direct deposits will be manually verified. You must also live within the HomeTrust Bank footprint. Because of these changes we are no longer recommending this bonus Hat tip to reader Gadget.
Update: Reader Himo Yu found a link for a $150 bonus (instead of $100) might be worth asking if they can match you to this higher bonus if you recently applied. Obviously the bonus itself is $50 better than the old bonus.
Offer at a glance
- Maximum bonus amount: $150 bonus + $5 monthly fee
- Availability: NC, SC, TN, VA
- Direct deposit required: Yes, $250+
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Yes, not sensitive
- Credit card funding: Unknown
- Monthly fees: None-$10
- Early account termination fee: 120 days, $25
- Household limit: Two
- Expiration date:
February 28th, 2019 May 31st, 2019June 30th, 2019 July 31st, 2019November 15th, 2019
Contents
The Offer
- HomeTrust Bank is offering a bonus of $150, to receive this bonus you need to complete the following requirements:
- Use promo code GET150
- Receive two qualified direct deposits of at least $250 each
- Debit card must be ordered
- You can also get an additional $5 a month if the account you open is an everywhere connect checking account and complete the following requirements:
- 10 or more signature debit card transactions per monthly statement cycle
The Fine Print
- Direct deposit enrollment and debit card order with new account required to qualify.
- A $150 bonus will be credited to the new checking account within two weeks from second qualified direct deposit.
- Transactions must post and settle to qualify.
- Two (2) direct deposits must be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government of at least $250 each ($500 total).
- Direct deposit sources will be manually verified prior to bonus payment. Checking account must be opened with the promotional code by May 31, 2019 and a debit card must be ordered at account opening to receive the bonus.
- This offer applies to new personal checking customer accounts only and is limited to our Everywhere Connect, Premier, and Simple Checking account products.
- Offer cannot be combined with other offers and is limited to two (2) incentives per household.
- Offer is not available to customers who have closed an account within the past 90 days
- . If your account is closed within 180 days, an account closing fee equal to the bonus payment ($150) will apply.
- Offer may be withdrawn at any time. Payments are subject to IRS tax reporting requirements.
- All accounts are subject to normal bank approval and minimum balance requirements.
- Bonuses are paid after a manual account review to verify criteria including but not limited to: direct deposit verification, debit card ordering, and physical address within the HomeTrust Bank market footprint.
Avoiding Fees
Monthly Fees
Simple checking account has no monthly fee. Everywhere connect checking account (additional $5 bonus a month) has a $10 monthly fee this account has a $10 monthly fee, that’s waived if you complete with five debit card transactions or one recurring Direct Deposit. Make sure you opt for paperless statements otherwise you will be charged a $1.5 fee for paper statements.
There is also an inactivity fee of $4 if the account is inactive for three or more months.
Early Account Termination Fee
There is an early account termination fee of $25 if the account is closed within 90 days.
Our Verdict
Previously they only offered the $5 monthly checking bonus, but now you can get an additional $150 sign up bonus as well. Unfortunately no longer worth doing due to all the reasons they have added in the fine print to deny the bonus. Because of that I won’t be adding this to our best bank bonus page. As always if anybody goes for it then share your experiences in the comments below.
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
there’s a new offer for $202 sign up bonus, apply beginning Jan.2 thru sometime in February. requires DD. also the $5 per month is still possible.
where are you seeing this offer?
DPs:
10/15 – Opened account (site didn’t work for me so had to go into branch; couldn’t open with a draft/CC so had to get $50 out of ATM to meet their minimum opening deposit)
10/17 – 10x $1 Amazon gift card reloads
11/1 – Real paycheck DD
11/8 – Received $5 bonus for using debit card 10x
11/15 – Real paycheck DD
11/16 – Received $150 signup bonus
Verdict:
Most bonuses I do are less of a hassle and payout more but this was pretty fast for 150 bucks. I see comments indicating that closing the account will be a challenge, so I’ll update around May when I close out the account; my plan is to do it at a different branch if they won’t close it via SM or over the phone.
There is conflicting information in this post about the early account termination fee (90 days at the top and 120 lower down) which both contradict the actual text of the offer:
“If your account is closed within 180 days, an account closing fee equal to the bonus payment ($150) will apply.”
DPs:
10/17 – 10x Amazon $1 gift card reloads
11/8 – $5 bonus applied to account
I had trouble applying online (verification failed, not sure why) so went into a branch. I had very little cash on me and was informed I would need to open the account with a minimum of $50, cash or check.
I wound up driving down the road to another bank of mine to get the cash, since I didn’t have enough (or a check) on me. Just FYI to anyone else who needs to go into a branch for this one. The $50 requirement is currently listed on the offer page, but I don’t see it on here so wanted to point it out.
I’ll add other DPs once available.
Offer Ends November 15, 2019 – Don’t Wait!
Offer Ends November 15, 2019 – Don’t Wait!
I applied from Columbia, SC I’ll post back if I get approved
I have ran into a couple banks that want it this way – in branch, or in writing. They have old fashioned policies where they want to file a written letter in your “permanent record”. It comes with the territory.
A good default acct closing letter to use is: https://www.bmoharris.com/pdf/personal/account-closing-form.pdf
I can’t wait until you hit one that wants it notarized…. and must be snail mailed. Old National forced the acct opening signature card to be notarized, but I don’t think they were picky about closing. Don’t recall.
I plan to keep milking them for the $5 in Amz reloads until they shut it down. If they bring back a promo, I will signup SO, but she got shot down last time so it’s unlikely they would approve her next time anyway.
Hope this helps.
And thank you for all the wonderful work 🙂