Update 10/5/25: Bonus increased to $250 from $100 but direct deposit now required
Offer at a glance
- Maximum bonus amount: $100
- Availability: Account holder must have a Tennessee mailing address.
- Direct deposit required: Yes, $4,000+
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown, sensitive
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: August 31, 2022
Contents
The Offer
- SouthEast Bank is offering a bonus of $250 when you open a new checking account and complete the following requirements:
- Make deposit(s) totaling at least $4,000 in new money within thirty (30) days of account opening and maintain a positive daily balance through the 60th day following account opening
- At least once within 60 days of account opening, meet the requirements to earn 3.55% APY on balances up to $20,000 with Bonus Rate Checking(2) including enrolling in eStatements and posting and settling at least 15 debit card purchases of $1 or more within a statement cycle
- Primary address must be in Tennessee
The Fine Print
- This promotion begins on June 22, 2022, and the new account must be opened by August 31, 2022, to receive the $100 bonus.
- The minimum deposit required to open a qualifying checking account and receive this bonus is $50.
- The account holder must make 5 SouthEast Bank debit card transactions of $1 or more within 30 days of account opening and the account must remain open and in good standing within 90 days of funding in order to receive the bonus.
- The bonus will be credited to the account within five (5) business days of meeting all qualifications. Bonus only available to new SouthEast Bank customers
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Bonus Rate Checking has no monthly fee as long as you don’t receive paper statements.
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee.
Our Verdict
Unfortunately this bank is ChexSystems sensitive. There was also a $150 checking bonus in the past with similar requirements (e.g no direct deposit requirement).
Hat tip to reader midnight
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
