[Expired] [TN, In Branch only] Wilson Bank $400 Checking Bonus – Direct Deposit Not Required
Deal has expired, view more bank account bonuses by clicking here.
[Update 7/28/19: The bank has clarified with us that the all account holders must be residents of our nine (9) county footprint within middle Tennessee. This includes: Rutherford, Williamson, Smith, Putnam, Dekalb, Wilson, Sumner, Davidson, Trousdale.]
Offer at a glance
- Maximum bonus amount: $400
- Availability: In branch only, all branches are in middle TN (see update, above)
- Direct deposit required: Direct deposit or ACH transfer of $500+
- Additional requirements: None
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: August 15th, 2019
Contents
The Offer
- Wilson Bank & Trust is offering a bonus of $400 when you open a new cash back checking account and complete the following requirements:
- Receive at least one ACH or direct deposit must post within 60 days of account opening
The Fine Print
- To receive your $400 bonus you must open a Cash Back account with an opening deposit of at least $100, and at least one ACH or direct deposit must post to your account within 60 days of account opening.
- Opening deposits cannot be transferred from existing Wilson Bank & Trust account.
- 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 or ACH.
- This offer is for new checking accounts.
- Limit one account per SSN. Subject to bank approval.
- Offer expires 8/15/19.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee.
Our Verdict
Seems like a great deal if you live near a branch. I’ll definitely be adding this to our list of the best checking account bonuses.
Hat tip to Matt B
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
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Direct deposit IS required.
My mistake
Closest is 3 hrs of driving! Yikes.
Right next door to my office complex. Might have to open it up as easy cash
Does one have to be a resident of Tennessee? I live a few hours away from the border.
Not sure, give it a go and report back
Happened to be in area. Was told had to have proof of Tennessee residency to open any deposit account.
Ah good to know
Thank you. Oh well…
I’m from ATL and drove up to open US Bank, this, and a couple others to make it worth it. I saw this ahead of time and was overly polite and tried to spark conversation before getting to “the deed.” I was able to open, but I could definitely sense a bit of apprehension when I later mentioned I was from out of state when reaching for my DL. The CSR later saw my Chex and noted the high number of accounts. I made a joke about it and said, “I’m focused on retiring as quickly as I can,” or something like that. It was very pleasant, but they do seem to cater to the locals; even the decor and architecture was super antebellum/homey. (I guess YMMV.)
Where did you get that the transfer has to be $500+? I talked to a banker and she said any transfer amount so IDK. Also, this IS available online. I opened an account 7/16 via the link below, which the banker also said was legitimate. She said you can do it online or in a branch. I did it online 7/16 and didn’t have to upload any documents.On July 18th, she sent me documents to esign. On July 19th, she said it was all approved and gave me my login information. I’ve set up a push from Ally of $200 and hoping for the best!!! Another note, my husband applied same day and hasn’t received any correspondence so I may call to check on his account. https://freechecking.wilsonbank.com/
I emailed them to ask about online and.the rep said in branch only. Guess it depends on who ya get.
There is an early termination fee of $15 (in addition to possible clawback of bonus) if the account is closed within a year.
Also 3% cashback does not apply to transactions over $250, and is capped at $7.50 per month.
Fee schedule (paper copy) says $15 if closed within 180 days of open, though rep said one year. there is also a dormant account fee of $5, but it only applies after 18 mo of inactivity.
Also to qualify for debit card cashback on this account and reimbursed ATM fees, you must be enrolled in e-statements and have one DD or ACH post per month. Otherwise no 3%
Awesome, going to give this one a go x 2
Just a follow up confirmation that there is no household limit. Wife and I both approved in branch this week.
7/30/2019 Transfer $205 from Ally
08/08/2019 Bonus posted
One of the best/ easiest bonuses I’ve done:
DP:
Opened 7/18/19
$100 transfer from discover
8/9 bonus posted
Wife’s DP
Opened 7/19/19
$500 transfer from discover
8/9 bonus posted
Easy bonus to do
DP
Opened in branch on 7/25/19
$100 cash opening deposit
$500 push from cash app on 7/29/19
08/09/19 bonus posted
Thanks doc!
Just wanted to make sure that Cash App got added as a data point for acceptable DD. Don’t think there were any Wilson DP’s prior to this bonus.
William Charles
Thanks, won’t list it because any ACH will work for this promo and if in future they require a direct deposit strictly it will be confusing
That’s fair. Was just trying to do my part by reporting back and didn’t know if the post was missed or not
Appreciate the DP =)
So I will be going to college in Murfreesboro in a few weeks. I would like to take advantage of this bonus. Would a transfer from USAA trigger the ACH requirement? How long after requirements are met will the bonus post? Thanks in advance.
Why is this listed as expired? The online offer expired but you can still do this in branch as noted in the link provided in the article…Offer expires 9/30/2019
Are you sure it still works in branch?
Everyone else seems to have a quick turnaround on this one. My P2 and I are still waiting after ACH transfers on Aug 6 and real DDs on Aug 9. From what she told us, I think the person you sign up with manually reviews this to trigger the bonus, so I guess it is the luck of the draw.
Did you get your bonus?
Not yet, but it hasn’t been six weeks.
They hadn’t correctly applied the promo codes when we opened in branch, but after I called Monday they fixed this and it posted today. Happy camper!
Did anyone get their bonus?
I got mine quickly