Posted by William Charles on March 10, 2019
Bank Account Bonuses

Published on March 10th, 2019 | by William Charles

63

[Expired] [TN, GA, AL] FirstBank $250 Checking Bonus

Deal has expired, view the best current checking bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: TN, GA, AL. Must live near a branch otherwise opening a checking account won’t be possible
  • Direct deposit required: Yes, $300+
  • Additional requirements: None
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown, sensitive
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: April 29th, 2019 June 28th, 2019

The Offer

Direct link to offer

  • FirstBank is offering a bonus of $250 when you open a new checking account and complete the following requirements:
    • Use promo code 250BONUS (this is not auto filled. Need to add it on the fourth page of signing up).
    • Keep the account in good standing for 60 days
    • Have a single monthly direct deposit of at least $300 after 60 days of account opening (looks like the account just needs to be in good standing for 60 days, the direct deposit can be before the 60 day period)

The Fine Print

  • Offer extended February 15, 2019 thru April 29, 2019.
  • This offer may be modified or cancelled at any time.
  • To receive the $250 opening bonus: Open a new eligible FirstBank consumer checking account (eligible accounts are highlighted at FirstBankOnline.com/250Bonus).
  • Keep the account in good standing for 60 days.
  • Have a single monthly ACH direct deposit of at least $300 after 60 days of account opening date.
  • Complete all requirements on or before October 31, 2019.
  • Customers with an existing FirstBank checking account are not eligible for this bonus offer.
  • You must not have closed a FirstBank checking account within 180 days of the offer start date (February 15, 2019).
  • Limit one (1) bonus per customer.
  • Enrollment and participation in this promotion does not automatically guarantee eligibility.
  • Bonus Processing: After meeting the bonus qualification requirements, the $250 account opening bonus will be credited to the new FirstBank checking account up to eight (8) weeks after all qualifications are met.
  • The $250 bonus will appear on the monthly checking account statement when the bonus is credited to the account holder’s checking account.
  • The bonus is limited to one (1) per customer.
  • If a bonus is earned it will be reported to the IRS as interest, in the year received, as required by applicable law and will be reported on IRS form 1099-MISC for the year received. Customer is responsible for any applicable taxes and consulting a tax advisor.
  • For additional fees, see our FirstBank Consumer Schedule of Fees. This offer is non-transferable and may not be combined with any other offers.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Essential checking account has no monthly fees to worry about as long as you opt for paperless statements.

Early Account Termination Fee

I wasn’t able to find any mention of an early account termination fee in the fee schedule.

Our Verdict

Seems like a good deal considering it’s a soft pull and there are no monthly fees to worry about. It’s annoying that you need to live near a branch to have the option to open a checking account but this deal is still worth doing if you’re eligible. I’ll add this to our best checking bonus page.  If anybody has any specific experience with this bank then please share your experiences in the comments.

Hat tip to reader Andrew D

Useful posts regarding bank bonuses:



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Jason
Jason

Any idea if there is a household limit?

mcafeeee
mcafeeee

Would like to know as well. Wife is on standby 🙂

Andrew D
Andrew D

Soft pull

el_pistolero
el_pistolero

So this needs only one DD of $300 after 60 days?

Ken
Ken

Seems a bit strange that they want an ACH Direct Deposit 60 days AFTER opening account. Most banks want it within 60 days.

el_pistolero
el_pistolero

i dont see any checking account & only see CD’s as available products? what am i doing wrong?

el_pistolero
el_pistolero

I see only CD’s as available products in my zip code in GA

CJ
CJ

agreed

Evan G
Evan G

Me too. I reside in Atlanta.

Brandon
Brandon

+1 In Atlanta. Lame

Chris C
Chris C

Applied and conditionally approved. They don’t appear to be Chex sensitive. No hp showing up so far.

CJ
CJ

any data points for direct deposit would be greatly appreciated.

Andrew D
Andrew D

Doc’s database had some dp. Not sure if it’s the same “first bank”
Planning to hit it with serve, cs and Fidelity

Tworth
Tworth

We’ve banked with them for 15 years and don’t have any major complaints. They aren’t quite cutting edge on technology, but they’ve been fine on customer service.

Joe
Joe

Seems like checking only available for zip codes near a branch.

Jo
Jo

Right. Only CD available for my zip (GA)

Ryan
Ryan

What do they mean by “ACH Direct Deposit”? Are they saying that an ACH from another bank is all they want? Doesn’t need to be a paycheck?

The part about being AFTER 60 days is odd too.

Katie
Katie

I caught that too and asked the rep setting up my account about it. Here was the response: “You do not have to wait 60 days to set up the direct deposit. You simply have to be in good standing (not have a negative balance) after 60 days. I apologize if their wording was confusing! ” William Charles you may want to clarify up top.

I’m not clear if that means you still have to have a balance over $300 at that time or not, so to be safe, I’m going to set up DD of $301, then leave it there until the bonus posts.

Donna
Donna

Did you determine if ACH transfer from another bank counts as direct deposit?

Andrew D
Andrew D

Few days later denied because of chex. They must be sensitive

sw2tched
sw2tched

Applied and denied with my Atlanta based address. Got this message from the bank:
‘Currently, we do not service areas 30 miles outside of our branch footprint’

FTBdude
FTBdude

I had the question of, “Do you have an offer code?”, I selected “yes”, then another box appeared below it where I put in “250BONUS”. This was on “Step 3” of the application. I don’t recall if it was the 4th page or not.

Also, in your summary at the top you have it listed as a $500 DD after 60 days, when you have it correct further down in your article as a $300 DD after 60 days.

Zack
Zack

FYI, the only locations in GA and AL are way north near the TN border. If you’re in those 2 states but don’t live near the border, don’t bother applying (sadly).

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