Deal has ended, view more bank account bonuses by clicking here.
Update 10/6/20: Deal has been extended until November 15, 2020.
First Horizon is the new name for Capital Bank & First Tennessee.
Offer at a glance
- Maximum bonus amount:Â $400
- Availability:Â Offer is only available to residents of TN, AR, MS, AL, GA, KY, FL, NC and parts of VA (Bristol, Gate City, Weber City)
- Direct deposit required:Â Yes, $400+
- Additional requirements:
- Hard/soft pull:Â Soft pull
- ChexSystems:Â Unknown
- Credit card funding:Â Up to $50
- Monthly fees:Â None
- Early account termination fee:Â Six months, bonus forfeit
- Household limit:Â One
- Expiration date:
September 30, 2020November 15, 2020
Contents
The Offer
- First Horizon Bank is offering a bonus of $400 when you open a new checking account and complete the following requirements:
- Have an opening deposit of at least $50
- Have a direct deposit of $400+ within 60 days of account opening
The Fine Print
- Offer expires 09/30/2020.
- Opening deposit must be funds from a financial institution other than First Horizon Bank or its affiliates.
- A qualifying direct deposit is a paycheck, pension, Social Security, or other regular income electronically deposited by an employer or outside agency.
- Offer is only available to residents of TN, AR, MS, AL, GA, KY, FL, NC and parts of VA (Bristol, Gate City, Weber City).
- To receive bonus, you must open your account at a branch and present a copy of this offer certificate, or open your account online by clicking the link on the preceding page.
- To receive your bonus, you must have an opening deposit of at least $400, and at least one direct deposit must post to your account within 60 days of account opening.
- Opening deposit cannot be transferred from existing First Horizon Bank accounts.
- If you meet the stated requirements of this promotional offer, the bonus will be credited to your account within 6 weeks of the first direct deposit and will be reported as income on Form 1099-INT.
- Limit one bonus per household.
- Cannot be combined with other checking offers.
- This offer is for new checking households only.
- Households who have a current consumer checking account or who have closed a consumer checking account in the previous 12 months at First Horizon Bank are not eligible.
- Customer agrees to maintain account in good standing for a minimum of six months.
- Associates are not eligible for this offer. Account openings are subject to bank approval and may be declined based on certain factors.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
FirstView checking account has no monthly fees to worry about. You do need to opt in to paperless statements otherwise you’ll be charged a $2 monthly fee.
Early Account Termination Fee
Account must be kept open for six months otherwise the bonus will be forfeit
Our Verdict
Previously when this was First Tennessee/Capital Bank the best offer was for $300 + $100 on savings. This is a better offer as it’s easier to keep the account fee free and qualify for the bonus. I can see this being pulled early so if you’re interested I’d recommend signing up now. I’ll add this to our best bank bonus page. Make sure to open the FirstView checking account to avoid the monthly fee.
Hat tip to reader Kyle
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
14 Nov – Opened w/ $50 deposit
5 Jan – $2800 push from Schwab (ended in PPD and categorized as “financial service”)
2 Feb – Bonus posted
I am in FL
I think they just auto-closed my account before the 6 months was up…
it look like the account was opened on Nov 15th still no bonus yet
Open Date: 11/16/2020 (agent confirmed promo linked)
1st Actual DD: 11/30/2020
Still no bonus….. I’m in NC
Nov 9: Opened with $50 credit card funding
Nov 18: Ally push $400, coded as P2P
Dec. 16: Cap 1 360 $400 push, coded as PDP (i got paranoid)
Dec 31: bonus posted
I am in GA
dang it.. I applied a few days before offer expired and didnt get approved until 2 days after it expired. Was told by rep that promo code was applied to account. Did Fidelity and Chase push..no bonus on my account. Since its not a real DD, Im afraid Im SOL
I also applied 11/14 and the offer expired 11/15, yet did not get confirmation of account opening until a few days later.
I did a real DD of over 400 and 50 opening deposit.
I’m hoping it still works for me despite the delay in account opening confirmation.
Look at your deposits and make sure they code as PPD on the website. If so you are on right track.
Easy enough! Happy New Year 2021!
Open 10/21/20
12/2 $400 Venmo Cashout and Chase Ext Transfer (Both coded as PPD at end)
12/12 $400 Schwab (Coded as P2P, don’t think that’s good)
12/31 $400 credit from First View Checking
The business one posted quickly as well, though you have to go into the branch. Only one in GA is Dahlonega, worth the hour drive though!
NEW YEARS BONUS 🤑💰
If you opened in November, it should have been paid 12/31.
I used only one $400 WF push.
Mine was posted 12/31
11/5 Opened – $50 CCF with CDC
11/25 DD Ally (coded P2P)
12/31 – $400 bonus posted
If you don’t mind me asking, how much did you ACH from Ally? I opened 11/14, funded $50 with CC and then DD $401 from Ally on 11/16 (coded P2P) but did not receive bonus yet…
Per my notes I did $410. Hope you get yours soon!
I’m in a similar situation. Ally push landed on 11/23 but no bonus yet.
Update:
11/14 Opened and Funded $50 with CC
11/17 “DD” $401 from Ally (coded P2P)
11/30 Paypal transfer $7.12 (coded PPD)
12/15 “DD” $100 from CCU (coded Funds Tran WEB)
12/28 “DD” $1500 from Ally (coded P2P)
2/2 $400 Bonus Posted
Process took longer than expected but Bonus finally posted so all is GOOD!
11/12 – Opened with $50 credit card funding
11/12 – Venmo transfer $17, categorized as uncategorized income, prearranged PPD
11/19 – Discover savings $400 ACH, categorized as uncategorized income, prearranged PPD
12/31 – Real DD of less than $400
12/31 – $400 bonus posted
Unsure if others got theirs today or if Discover just didn’t work for me