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

Published on March 10th, 2019 | by William Charles

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

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

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 🙂

missjenniferd1
missjenniferd1

awesome, i’ll bite!!

missjenniferd1
missjenniferd1

on the application it says:
Will Cashier’s Checks or money orders be purchased?
Will cash transactions greater than $2,500 be conducted?
just a note for those to whom this applies.
not sure how this would affect your application, but they ask it nonetheless.

Chris C
Chris C

Please let us know if they hard pull!

missjenniferd1
missjenniferd1

andrew says softpull (below) i’m not sure how to tell, but he says it’s soft.

Andrew D
Andrew D

Soft pull

missjenniferd1
missjenniferd1

thanks for posting this offer Andrew D much appreciated!!!

missjenniferd1
missjenniferd1

no credit card funding.
optional to fund anything at all at opening.
selected to fund $250 just to see the options, and it is either to fund from an existing firstbank, or, to transfer from another institution. when you choose that, it wants acct/rtg #. no option for debit or credit card funding. so i chose to not fund at all.

missjenniferd1
missjenniferd1

By clicking the “Submit” box below, you authorize FirstBank to verify the information you submitted and to obtain information from a consumer reporting agency concerning you.

For your protection, all new account applications are verified by ChexSystems.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you apply for an account we will ask you for your name, address, date of birth and other information which will allow us to identify you. We will also ask to verify your driver’s license and other identifying documents. In some cases, identification will be requested for those individuals banking with the Bank prior to the effective date of the customer identification requirements.

In all cases, protection of our customer’s identity and confidentiality is the Bank’s pledge to you.

You warrant to us that the information you are submitting is true and correct. By submitting this application, you agree to allow us to receive the information contained in your application, as well as the status of your application.

missjenniferd1
missjenniferd1

NOT chex sensitive. i have about 20 new checking accounts, and have been declined for 2 accounts for chex but was approved with this firstbank account.

missjenniferd1
missjenniferd1

actually, turns out they ARE chex sensitive — when i log into the upload or view documents section after submitting the application, i recieved a letter. account denied!!!
Principal Reasons for Action Taken
Based on information provided by ChexSystems
have about 20 new accounts past 24 months.
sigh…. 🙁 guess i spoke too soon!!! 🙁
thank u, NEXT!!

William Charles Chuck

missjenniferd1
missjenniferd1

follow up processes:

Based on the information you provided, your application has been automatically approved, pending final review and processing. A FirstBank service representative will contact you within 2 business days to complete this process.

Please print or save a copy of this page for reference. Your application number is XXXX.

In order to complete your application, you will need to provide a copy of your valid identification.

You can provide any neccessary documents by bringing them in to one of our convenient locations during regular business hours, or you can electronically attach documents to your application any time by following the steps below:

Navigate to your My Account Homepage by clicking the Home button above. (After logging out, you can always return to your My Account Homepage by logging in with the email address and password you provided on this application.)
On your My Account Homepage, click on the Track the Status of My Deposit Application link.
Locate your application and click on the View Docs icon.
Click the Upload Documents button to select and upload a document from your computer and attach it to your application.

If you have any questions at all, you can call us at 800-413-4211 or contact us by mail at:

211 Commerce St. Ste 300
Nashville, TN 37201
Review and Print Your Document(s)

Please review and print the document(s) listed below. You will need Adobe Reader® in order to open these document links.

Get Adobe Reader Here.
General Application Documents
Terms and Conditions of Your Account
Electronic Fund Transfers
Essential Checking
Truth in Savings Disclosure (Essential Checking)
What You Need to Know About Overdrafts and Overdraft Fees

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.

missjenniferd1
missjenniferd1

i second that!!

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.

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