[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

The Offer

Direct link to 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:
    William Charles
  • On July 22, 2019, 03:10

View Comments (36)

  • 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.

  • 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

  • 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.

    • @guest_796455 yes, any ach transfer qualifies. It took me less than a month from account opening to get the bonus. A week or two after the ACH transfer 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. @will

      • 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

  • 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

    • Just a follow up confirmation that there is no household limit. Wife and I both approved in branch this week.

  • There is an early termination fee of $15 (in addition to possible clawback of bonus) if the account is closed within a year.

    • 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%

    • Also 3% cashback does not apply to transactions over $250, and is capped at $7.50 per month.

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