Posted by William Charles on July 3, 2018
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Published on July 3rd, 2018 | by William Charles

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[Expired] [TN only] Pinnacle Financial Partners $200 Mastercard Checking Bonus

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

Offer at a glance

  • Maximum bonus amount: $200 Mastercard gift card
  • Availability: Presumably TN only, but the reader who sent it in tried a dummy Alaska address and it seemed to accept it so YMMV? Update: Looks like they are requiring most people to go in branch to verify identity so make sure you have a branch not too far away [Branch locator]
  • Direct deposit required: Yes, must be full paycheck or government benefits
  • Additional requirements: Minimum opening deposit of $100+
  • Hard/soft pull: Unknown 
  • ChexSystems: Unknown, ChexSystems sensitive
  • Credit card funding: None
  • Monthly fees: $3, avoidable
  • Early account termination fee: None
  • Household limit: One
  • Expiration date: Direct deposit must post and clear by August 31st, 2018.

The Offer

Direct link to offer

  • Pinnacle Financial Partners is offering a checking bonus of up a $200 Mastercard gift card when you complete the following steps:
    • Open account online or in branch
    • Make a minimum deposit of $100
    • Set up a recurring direct deposit of your full payroll (or gov’t benefits) to your new account. One recurring direct deposit must post and clear your account by Aug. 31, 2018

The Fine Print

  • Offer expires August 31, 2018.
  • This offer is for new Pinnacle checking households, or for households that have not had an open Pinnacle consumer checking account for at least 24 months.
  • Limit one bonus per household. Cannot be combined with other offers.
  • Must be 18 or older at time of account opening.
  • Offer is non-transferable.
  • Account is subject to approval.
  • To receive the $200 Mastercard® gift card, you must (1) open your account with $100, and (2) have at least one recurring direct deposit post and clear your account before Aug. 31, 2018.
  • Direct deposit is a recurring electronic deposit and must be your full payroll or government benefits.
  • The Mastercard gift card will be mailed to you via USPS within 2-4 weeks of meeting the qualified requirements.
  • Mastercard is a registered trademark of Mastercard International Incorporated.
  • Please note: there is a monthly inactivity fee of $2.95 after 12 months of inactivity on your Mastercard gift card.
  • Bonus will be reported as income on IRS Form 1099-INT and is valued at $200 total.

Avoiding Fees

The easiest account to keep fee free is the Grizzlies Basic Checking account, this has a $3 monthly service fee that is waived with eStatements. Fee schedule says there is no early account termination fee.

Our Verdict

Previously they have offered $100 in Grizzlies tickets or $200 in titans gear. This deal is much better as the $200 gift card is much more flexible. We need to know whether it’s a soft pull to open and how flexible they are on the direct deposit requirement (e.g do any work arounds work?) before knowing if this is a good deal or not. Maybe it’s possible to fund with a credit card as well? If anybody knows or has any experience with this bank then please share in the comments below. For now I won’t be adding it to the best bank bonuses due to all the unknowns but it has the potential to be a goood deal.

Big thanks to reader, Josh H who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Worksatabank
Worksatabank

How would they know if it was your “full paycheck”? Seems strange.

mcafeeee
mcafeeee

yeah thought that was an interesting requirement

Chex Party Mix
Chex Party Mix

Interesting. I am not in TN, but made it through the process. One of the identity questions was a keeper, asked if I used to live on “Bong Avenue” LOL. Only funding option is to mail in a check, had my hopes for CC funding since it was Andera platform. They ask you to mail in 3 forms to complete the process, only one of which seems to require a signature.

Will
Will
arizonapv
arizonapv

If you prefer, you can return your signed signature card and a copy of your ID via email.

Chex Party Mix
Chex Party Mix

This one looks like a dead end for out of staters. An hour after submitting the app, received an email from a banker saying “unable to process this request via the online portal” & have to go into a branch to complete the process.

Will
Will

but did you get a welcome email with mailing instructions first?

Chex Party Mix
Chex Party Mix

Yep

Will
Will

:/

Missjenniferd1
Missjenniferd1

I am in tennessee. Applied online. Approved instantly.

3 of the id verification questions were “none of the above” i was sure i failed because i always do when the answers are none of the above, but i was approved.

Not sure if hard pull, because you were required to check a box to allow them to access your consumer report in order to verify your identity. That might’ve been a hard pull?

The only funding option i received was to mail a check.

For the documents, says you can fax or email. Fax- 615-895-0043 email: newaccount@pnfp.com this is info in the welcome email after applying and being approved.

Missjenniferd1
Missjenniferd1

I got approved an hour as ago, but just now received an email telling me unable to approve online and that i haave to go to a branch. Im in tennessee so its fine, but im wondering if they are making everyone have to go in a branch. My online application went through fine, no errors at all. Ivthink this promo is going to be in branch only, even though it clearly says you can apply online😕🙄😒

Will
Will

Oddly enough I applied over 4 hours ago and no email (out of state)

Missjenniferd1
Missjenniferd1

Will
Maybe i failed the verification. 3 of the answers were “none of the above”.
Luckily the bonus is still eligible in branch, and since you have to mail a check for the deposit, im happier to just bring a check to the branch anyway.
Check your junk folder and make sure you dont have the rejection email. If you dont, i’d say you must be aporoved!

arizonapv
arizonapv

I’m in Arizona. Received the welcome email about 3 hrs ago. I already mailed in my check, so I hope I don’t get the follow-up email telling me to go into the branch.

arizonapv
arizonapv

I sent an email to Pinnacle. I was told to come into the branch: “Thank you for choosing Pinnacle for your banking needs. We have received your application for a new Pinnacle Checking Account. At this time we are unable to process this request via the online portal. However, we do ask that you visit a Pinnacle Location to assist you with the opening of your new Pinnacle account. As of today we have not received the information you mailed. When I receive this I will return the check to you. Again thank you for choosing Pinnacle for your banking needs.”

Josh
Josh

Hi, Josh here.

Did end up having to go in branch in NC to get this opened, I believe it was because I thawed my ChexSystems late at night and it hadn’t flagged as thawed. I assume otherwise that there wouldn’t have been an issue for me opening it online.

Had some issues at the branch because they don’t generally market or open the Grizzly or Titan accounts outside of TN, but was able to get it opened with no issues once it was confirmed I was still eligible for the bonus.

Will confirm when the bonus email is sent. Interestingly, the onboarding system showed different requirements for the account to remain fee-free ($1k average daily balance or $8 fee) but I’m going to confirm in a couple of days if that’s accurate.

I would say that you should encounter no issues in TN, maybe some minor issues outside of TN but in states where they have branches, and YMMV outside of their service area.

Will
Will

that’s grizzlie’s plus checking. you wanted grizzlies basic checking

Josh
Josh

I agree that’s the requirement for the Plus checking, however when the banker pulled the account application up in the system it showed him those were the requirements for the Basic checking as well. It’s quite possible that the screen hasn’t been updated for NC account opening, since it really isn’t marketed outside of NC.

That being said, the account opening documents I received reflect the $3 fee and its waiver with eStatements, as well as the $200 Gift Card bonus. Updated my direct deposit info today, so this should be a quick bonus.

Missjenniferd1
Missjenniferd1

Dp: chexsystems sensitive.
Ive opened 10 accounts the past 2 months, but none previous to that in over 2 years. I was approved online, then emailed an hour later that i had to go to the branch, but wouldnt tell me why.
When i go to the branch, the girl gets thru to the end and says i see why they wouldnt open it. Youve had a lot of accounts opened recently. Then she says she has to forward it to her manager.
Manager calls me later and wanted reasons for why i opened each of the accounts. I told her i had some money and was rate chasing. She said “we are a relationship bank and do not want churners as customers.” I said well i intend to keep the account for my local bank. She said ok and opened the account.
It just so happens that i was actually being truthful, due to i currently bank with suntrust, and need to close suntrust so i can churn suntrust.
If you dont have many inquiries, you will probably have no trouble, but since ive opened all these accounts recently, they didnt like me, but they finally did let me have the account, but i had to go in the branch, and had to be on a b.s. call with management for almost 20 minutes.
Not sure if this bank will approve many doc users, but if youve been on a break a while and dont have many inquiries, this one would be one of the ones youll wanna do first. Also, im not sure if they are requiring everyone to go in a branch or if they required me to because of all my inquiries.
Recently, these are the accounts ive opened:
First advantage
Northern
Heritage
Memory bank
Citibank
5/3
Hsbc
Pnc
Alliant
Elements (the struggle is real!)
And finally, pinnacle.
Yes, im having a great time, thanks to doc.
Previous to the last 2 months there were no others in the past 24 months, so if you have more than me, theyll probably reject.

Josh
Josh

Hi All,

Just received my $200 gift card in the mail. Less than two weeks after my Direct Deposit. I don’t have a DP on ACH as I actually did deposit my full paycheck to the account. I’m not sure it actually needs to be the full amount, as my DD amount would seem a bit suspicious based on my claimed income (I’m chucking 40% into retirement + HSA). No issues there. Was never asked to verify w/ paystub.

I’d chalk this up to being worth it if you’re willing to go into a branch if that is necessary!

Missjenniferd1
Missjenniferd1

Max online transfer from within their website is only $500. Finally verified the account and I don’t see a place to do transfers. Their website sucks. I was gonna keep this bank for my local bank after going thru the trouble of setting up my payroll deduction. But I can’t tolerate their website. Gonna have to break up with them. Theirs is the crappiest online banking I have ever encountered and I’ve probably had 50 bank accounts. Seriously they’re hiding the transfer screen and limiting transfers to $500??? Really???? Bye Felicia!!

Josh
Josh

It’s non-obvious, but you can do normal transfers under the Bill Pay section.

Yeah, NetTeller (The system in use) is… pretty mediocre.

Missjenniferd1
Missjenniferd1

Josh thanks, after I calmed down from my annoyance with them, I decided to keep the account after all.
They are close by my house, and I can use an external account to do transfers. The account is great for a local bank, no min Bal, no monthly fee, no direct deposit required to keep fee free.
I’m hoping 1 direct deposit was enough to trigger the bonus, because I switched my direct deposit to elements credit union due to a recent comment stating they are doing the bonus review manually, and I had been doing bank transfers attempting to trigger the bonus.
I saw your recent comment that you got yours within 2 weeks of your first direct deposit and I’m tired of the drama with elements so I just went ahead and changed it. I suppose if I don’t receive the bonus from pinnacle, I can switch it back. It only takes an email for me to update it with my job, but I’m hoping I get the bonus so I don’t have to, since I’ve changed my deposit twice already now in the past month. (To pinnacle, then to elements)

Missjenniferd1
Missjenniferd1

*payroll deposit, *not deduction

Dylan
Dylan

Holy moly — set up direct deposit of full paycheck and it posted 26 July. Received $200 MC GC today, 28 July. Less than three weeks from account opening to receiving bonus.

Missjenniferd1
Missjenniferd1

Received my $200 gift card tiday. Account has been open since 7/16. My (real) direct deposit went in 7/20.
Gift card in mail today 7/28.
Nice turn around time!

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