[Expired] [TN only] SouthEast Bank $250 Checking Bonus, Direct Deposit Not Required

Deal has ended, view more bank account bonuses by clicking here.

Update 11/1/20: Deal is back until 11/30/20.

Update 10/10/20: Deal is back until 10/31/20.

Update: Reposting as confirmed soft pull

Offer at a glance

• Maximum bonus amount: $250
• Availability: Account holder must have a Tennessee mailing address.
• Direct deposit required: Yes, or ACH automatic payment
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, sensitive
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: September 18, 2020 October 31, 2020 November 30, 2020

The Offer

Direct link to offer

• SouthEast Bank is offering a bonus of $250 when you open a new eligible checking account and complete the following requirements:
  • Use promo code Online250 or open at any branch
  • Receive at least one qualifying direct deposit or one ACH payment (e.g bill payment)

 

The Fine Print

• The $250 cash bonus is only available to new SouthEast Bank customers who open a Rewards Checking, Bonus Rate Checking, Thrive Senior Checking or Premium Interest Checking account. A new customer is one who has not had an open savings or checking account with SouthEast Bank in the past 12 months.
• To receive the cash bonus, account owner must complete at least one qualifying direct deposit or one ACH payment (point-of-sale transactions excluded) within 60 days of account opening.
• A qualifying direct deposit is defined as salary, pension, Social Security or regular, reoccurring income. Transfers from other banking accounts, debit/credit cards and ATMs do not qualify.
• A qualifying Automated Clearing House (ACH) payment is defined as an electronic payment that is withdrawn from your checking account (e.g., automatic bill pay). Point-of-sale transactions do not qualify.
• The new checking account bonus will be paid to those accounts that remain open, in good standing and have met eligibility criteria within 90 days of new account funding.
• If the checking account is closed by the account holder or SouthEast Bank within the 90 day time frame, the customer may not be eligible to receive cash bonus.
• This offer is limited to one new customer per immediate family (immediate family is defined as parent, spouse, or children under the age of 18).
• Account holder must be at least 18 at the time of opening account, and must not have closed a checking account with SouthEast Bank within 12 months of promotion sta date.
• Individual must be within good standing with SouthEast Bank if prior account closures have occurred.
• This promotion begins on August 17, 2020 and accounts must be opened by September 18, 2020. Applicant must mention this offer to the SouthEast Bank representative at time of opening to qualify for this bonus program, and if opened online, must include the coupon code in the account application. This bonus offer cannot be applied to accounts retroactively.
• 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. Account needs to be kept open for at least 90 days.

Our Verdict

Previously best deal was $150. They don’t see to be chexsystems sensitive in branch if you live near the branch. As it’s a soft pull we will add this to the best checking bonus page.

Hat tip to Justanother Dude

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