Posted by William Charles on December 22, 2015
Bank Account Bonuses

Published on December 22nd, 2015 | by William Charles

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[Expired] First Tennessee $250 Checking Promotion – Nationwide Bonus

Update 4: This promotion is now only for TN & SC only. Read our new post here.

Update 3: Direct link is not working, but according to this comment using the promotional code ‘ONLINE’ will still work. I’d personally confirm this before signing up.

Update 2: They have removed the “Must be a U.S. citizen” requirement.

Update 1: Giving this a quick repost because it’s now been confirmed to be Nationwide and we have some more credit card funding data points.

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: TN, FL, NC, SC, VA Only. This might be nationwide, reader Eric was able to sign up without living in one of the listed states. Let us know your experiences in the comments. Danny reports receiving the bonus outside the service area, service area is not mentioned in the fine print and it allows you to sign up outside it, so they won’t be able to deny the bonus on these grounds. I’d recommend signing up now, before they change the fine print to make it state specific.
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: Use promotional code “ONLINE”
  • Hard/soft pull: Soft
  • Credit card funding: Up to $300
  • Monthly fees: $5-$9, waive able
  • Early account termination fee: Six months, otherwise bonus is clawed back
  • Expiration date: March 31st, 2016 

The Offer

Direct link to offer

  • Receive a sign up bonus of $250 when you open a new checking account with First Tennessee and complete the following requirements
    • Use the promotional code ONLINE
    • Direct deposit (no minimum specified) is required within 60 days of account opening

first tennesee 250 bonus

The Fine Print

  • Offer is good from September 1, 2015 to March 31, 2016
  • To receive your bonus, you must open the checking account online and ensure the code ONLINE appears in the online application where “Offer/Promo code” is requested
  • Opening deposit of at least $300 is required
  • At least one direct deposit must post to your account within 60 days of account opening. Opening deposit cannot be transferred from existing First Tennessee accounts
  • The $250 bonus will be credited to your account within 6 weeks of meeting all requirements
  • Limit one bonus per household. Cannot be combined with other checking offers. This offer is for new checking households only, or for households who have not had an open First Tennessee consumer checking account in the previous 12 months. Update: Danny Deal Guru reports he was able to get two bonuses at the same address. This is not a sure thing though, so user beware. Update 2: Reader Bob says he only got one bonus.
  • Account must be kept open and in good standing for at least six months
  • Account openings are subject to bank approval and may be declined based on certain factors. Must be a U.S. citizen
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There are four accounts that can be opened for this bonus: Express Checking, Premier Checking, Classic Checking, Select Checking.

Express Checking $5 Monthly Fee

This is waived as long as you have at least one direct deposit in the month.

Premier Checking Account $9 Monthly Fee

This is waived if you have a minimum of $5,000 in combined monthly balances (checking, savings, bank IRAs or CDs).

Classic Checking $6 Monthly Fee

Cannot be waived

Select Checking $9 Monthly Fee

This is waived if you have at least one direct deposit and 15 customer-initiated debit transactions.

Early Account Termination Fee

Fine print states that the account must be kept open and in good standing for six months, I assume they take the bonus back if you don’t fulfill this requirement.

Our Verdict

This offer is far better than the $150 and $200 offers that we’ve previously written about, you get a higher $250 bonus and you can open online and open any of the four accounts ($200 offer was in branch and also required you to open the Premier checking account, while the $150 bonus is for $100 less for the same requirements).

I’m waiting to see if this bonus is actually opened nationwide, or it was just a glitch that reader Eric was able to sign up for an account. If you live within the service area then this is a great bonus that you should jump on.

Update: It looks like you can apply for this account nationwide. Because of that, the size and ease of the bonus I’ve added it to our best checking bonuses page.

You can view a full list of all the current checking account offers, by going here.

Direct link to offer



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Jay
Jay

Approved… got the congratulations window with a Missouri address.

Jay
Jay

Sorry, I should have said, successfully submitted. Not approved yet, I guess.

Jay
Jay

“However, due to the name discrepancy of the funding source, we cannot approve this online application at this time.”

I attempted to fund with Chase IHG card for $300.

Jay
Jay

Oops. I just realized I used my wife’s card, thus the “name discrepancy.” Don’t do that.

Kevin
Kevin

Jay, were you able to sign up after all?

Beth
Beth

I did the same thing, used my husband’s CC since we’re so used to sharing. They closed the account due to the “name discrepancy” and my email also says all future applications will be denied. 🙁 Seems a bit harsh! I’ll try opening an account for my husband and fingers’ crossed this won’t be a problem for his.

jay
jay

Got application pending review. funded via chase ink.

Prashant
Prashant

same here , application pending , funded via chase freedom

jay
jay

Okay. Just got welcome email and account is now open. That was fast. Next will initiate DD from capital one or PNC

leon
leon

are you guys within the target state?

Adam
Adam

yeah did the funding w/ Chase Ink post as a purchase?

Ajay Arya
Ajay Arya

Is the Must be US Citizen rule enforced?

Kevin X
Kevin X

I’m also curious on this, the fact that some banks treat non-citizens differently is really annoying.

John
John

I opened the account as a resident and it let me. Application under review which is the same as everyone else

Anurag
Anurag

Can you update if you get approved for bonus as a permanent resident?

florian
florian

I got approved and bonus is pending because of holidays. I`ll have more datapoint next year 😉

Win
Win

Application pending review; 7 minutes later account opened. Max $50 funding from Cap One.

jay
jay

Anyone found routing number for the account?

Austin
Austin

I was able to successfully add First Tennessee to my Ally account using Routing: 084000026

jay
jay

Where’d you find that? On their website? I saw that on Google too btw

Austin
Austin

Had to google it. However, with my wife’s account which was done a couple hours later they included it in one of the opening emails which matches the 084000026 number.

Michael
Michael

Nicely done with routing number! Ally.com loved it. Maybe update DofC post to reflect this as 1st Ten. Bank is super vague on this?

Austin
Austin

I have a data point. I just applied from outside of the specified states and was able to send the application into pending review. The CSR just called me to verify my identity and wanted a DL picture and a bill with my address within the last 30 days. She said everything looks good otherwise (I fudged the identity questions apparently, my fault). Everything looks good here. Will update later with whether Barclay Sallie Mae card is CA or not.

Austin
Austin

Account was opened successfully. Showed up in Barclay account as a temporary purchase. Will confirm its not CA once it posts. Thanks for the tip DoC!

Austin
Austin

DOC, Barclay’s Sallie Mae posted as a purchase

Tim
Tim

Opened account and called in to finish application with sales rep. He didn’t mention the fact I was out of state. Called in a second time to get the routing number for the account. The customer service rep joked that there weren’t many (none) First Tennessee’s around me. Side note: The routing number given to me comes up as First Horizon Bank.

Kris
Kris

It must be very nice if people living outside the service area can also sign up for the checking acct. However a closely related question is if people living outside the service area are eligible for the sign up bonus of $250.

I am asking this because SunTrust allowed me (WA address) to open a checking acct, but then told me I was not eligible for the signup bonus because the bonus was only available for new customers in service area. What a bummer.

jay
jay

I fully suspect this could happen but we stunt have much data for that. Wait and watch game.

Eric
Eric

There’s a big difference. SunTrust typically has that in their terms. Nowhere in the terms of this offer does it limit the bonus to certain states.

clkid
clkid

Thanks, signed up on Friday, funded with Citi Premier and it posted as purchase.

Phong

That meant that it counted for points/sign-up bonuses too right?

Sergey
Sergey

Do they really enforce a rule ‘one per household’? I just opened mine and I am thinking to sign up my wife.

Bob
Bob

Sergy

Let us know if you are successful in signing up your wife. Thanks.

Bob
Bob

Signed up today from CA. Account approved. Funded with $300 Citi Doublecash. No problem. Thanks DoC! Will advise when bonus posts.

PatonPoints
PatonPoints

Same here. Approved in CA after submitting proof if ID and DL. Set up $2 DD from payroll.

JB
JB

Bob, Please advise if the funding thru Citi Double Cash card went as a purchase or cash advance. Thanks!

Bob
Bob

JB: Funding through Citi Double Cash card was coded as a purchase.

Alex
Alex

Does anyone know if ACH works for DD?

P
P

Resident of Hawaii here. Have no experience signing up for these “nationwide” bonus except for almost an attempt for the Citi offers before which required my to call in because application could not be completed online because of my state. I’m assuming a lot of these offers define nationwide as continental US and Alaska and excludes Hawaii Puerto Rico and Guam. Anyone know?

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