Offer at a glance
- Maximum bonus amount: $500
- Availability: TX, AR
- Direct deposit required: Yes, $5,000+ for full bonus
- Additional requirements: None
- Hard/soft pull: Soft pull
- ChexSystems: Yes
- Credit card funding: None
- Monthly fees: None with eStatements
- Early account termination fee: Unknown
- Household limit: Two
- Expiration date: None listed
Contents
The Offer
- Texana Bank is offering a bonus of up to $500 when you open a new checking account. The bonus you receive depends on direct deposit received within 30 days:
- $0 – $999: $0 bonus
- $1,000 – $2,499: $100 bonus
- $2,500 – $4,999: $250 bonus
- $5,000+: $500 bonus
The Fine Print
- Limit 2 Accounts Per Household.
- 1 Bonus Payment Per Account.
- Fees may reduce earnings.
- Bonus will be paid 30 days after account opening or on the next business day after 30 days after all conditions have been met. Limited time offer, see branch team for full details.
- New customers only with Texana Checking, Green Checking, or Rewards Checking accounts only.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Texana checking has no monthly fees with eStatements
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Seems like it requires manual approval by a banker so not sure how strict they are going to be on being in area and ChexSystems sensitivity. The bonus itself is good though if you can meet the high direct deposit requirement for the $500 bonus.
Hat tip to reader snailrock
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
