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ieatdogfood
ieatdogfood

Beware. When linking external accounts, First Horizon will WITHDRAW two small transactions before depositing the total transaction back. It may result in overdraft or NSF fees.

External account initial transfer limits are FOUR transactions per week AND $250 per week. Not sure if this will change as the account ages.

First Horizon will NOT withdraw trial deposits from initial account opening deposit/funding.

Aby
Aby

Non US citizens or non permanent residents can apply in branch

I did today

Kyleius-Juelyus
Kyleius-Juelyus

Data Point

2020-09-06 Opened acc ONLINE w/ $50 via BAC cc.
2020-09-07 Setup DD with Job/Emplr. Waiting on verification.
2001-09-11 Rcvd $200 prsnl BMO deposit – coded as WebXfer – Transfer Between Accounts
2001-09-14 Rcvd $200 bus JPM Dep – coded as Ext Trnsfr…PPD – Uncategorized Income.
2020-09-17 Rcvd DD of $11.00 from job Coded as Dep…PPD – Income
2020-10-22 $400 BONUS RECEIVED – FirstView Checking

Hemanth
Hemanth

how to check if the transaction is PPD or something else?

ieatdogfood
ieatdogfood

A few days after the transaction, check the coding again. It should have PPD or something else added at the end. The letters are not added until a few days after a transaction posts.

ieatdogfood
ieatdogfood

I knew I should’ve used my CC for $50 opening deposit….

“Your application is almost approved! We just need to verify your bank account.
We have made two small deposits under $1.00 into your account at blah blah blah bullshit.”

Now I might get an additional MICR Chex inquiry… meh. I thought it would get my app approved faster/more likely by using bank funding.

I did notice some similarity of the app with Fulton, where I am in ID verification denial jail. For “months at address”, the max you could put for First Horizon is 60 months, while Fulton is unlimited. Maybe I should put 60 months at Fulton? I’m too scared to try again. Fulton Chex inquiries galore on my report. Gadget - Bank Bonus Geek

ieatdogfood
ieatdogfood

Instantly approved after verifying initial funding account trial deposits. No additional documentation needed.

Account number showed up instantly on status page. Refreshed a minute or two later and member number showed up right below it.

You will receive a call and email from them, welcoming and assisting you with online access. Should be smooth sailing.

ieatdogfood
ieatdogfood

They haven’t taken back their trial deposits for initial account bank linking and funding. I’m not sure if the same applies if you link other external accounts later.

AndreRamirez

I tried applying yesterday from OOS (CT) and got the dreaded “We do not have any promotional offers available where you live” email. That’s a big bummer.

RealMe
RealMe

Anyone tried more than 1 account in the household?

Phil
Phil

I have, but I’ll have to wait another 6 weeks to see if it worked.

Baked
Baked

RealMe my P3 signed up and promo was attached. Then P4 tried (same household as P3) and received an email from the bank saying “we can open account, but due HH limit, there will be no promo”

Ani
Ani

Oct 1: opened account, initial deposit of $200 via bank transfer
Oct 15 : real employer DD
Oct 21: $400 bonus posted

Easy! Thank you, Doctor of Credit!

Hemanth
Hemanth

Is this only for US citizens?

Aimee
Aimee

I have the same question, when you fill in the online application it has a box for ‘US citizen’ which is preselected and can’t be removed! So I assume it is, and I haven’t proceeded for now. Would be useful to know if this is a requirement or if we could open successfully over the phone, I’ll update if I get around to calling them.

Liangbing Fu
Liangbing Fu

Any update?

Liangbing Fu
Liangbing Fu

I called and was told they can’t do application over the phone for you.

Sundar P
Sundar P

Do I have to do a real Direct deposit (part of paycheck) from my employer? or is there another way. I have accounts with capone 360, Wells fargo fidelity etc. How do I do the equivalent of a direct deposit? Thanks!

And will this account opening be a hard pull or soft pull on credit report?

David
David

Got my $400 bonus quickly. How are you guys cashing out? I added an external account but it says transfer limit is capped at $250/week to external accounts… that will take me over 2 months to get out haha. I guess I’ll have to add it to an exernal account and pull from it. Then go in branch and do the business checking/savings for another $450 (have to do in branch). https://www.firsthorizon.com/biz300

NJ
NJ

There was no such limit for my external account. I transferred $898 out at once last week – pushed from First Horizon to the checking account I used to do my initial funding.