Update: Both offers have now expired, you can view a list of the best checking sign up bonuses by clicking here.
Update: $250 bonus doesn’t look like it’s working anymore, if anybody finds a working link please let us know. The $150 offer is still running though.
Offer at a glance
- Maximum bonus amount: $250
- Availability: Special incentive offer is only available to residents in Collin, Dallas, Denton, Parker, Tarrant, and Wise county, TX only [Branch locator]
- Direct deposit required: Yes, no minimum specified
- Additional requirements: None
- Hard/soft pull: Soft
- Credit card funding: None
- Monthly fees: No
- Early account termination fee:Â None
- Expiration date: July 15th, 2016
The Offer
- Open a new LegacyTexas maximum checking account with the promotional code MAX2 and receive a bonus of $150 when you:
- Have qualifying direct deposits into the account
The Fine Print
- $250 cash bonus is valid for any new LegacyTexas Maximum Checking account opened between May 16, 2016 and July 15, 2016 and is limited to one per account. Offer not available to existing LegacyTexas personal checking account customers (including all signers on joint accounts) or those who have closed a LegacyTexas personal checking account within the past 12 months of opening a new account as part of this promotion.
- LegacyTexas reserves the right to amend or cancel any part of this offer.
- To receive the cash bonus, you use the promo code MAX2Â when opening the checking account online at LegacyTexas.com and have qualifying direct deposits into the account.
- “Qualifying direct deposits” are recurring direct deposits of a paycheck, pension payment, Social Security payment, or other government benefits payment electronically deposited into your new personal checking account on a recurring basis, at least monthly, from an employer or an outside agency.
- If we determine you have met the terms of the offer, the cash bonus will be deposited into your new LegacyTexas Maximum Checking account on the Payment Date. “Payment Date” means approximately 120Â days after account opening. The account must be open and in good standing on the Payment Date to receive the cash bonus.
- To maintain a Maximum Checking account, you must (a) receive a monthly direct deposit OR (b) use our online bill pay to make at least ONE bill payment per month. (Bill payment must POST before month-end.) If these eligibility requirements are not met, the account may be converted to a Free Checking account.
Avoiding Fees
There are no monthly fees or minimums on this account, according to this comment there is no early account termination fee either. You do need at least one direct deposit or one bill pay per month to keep the maximum checking account open though.
Our Verdict
We posted about a $150 deal with the same conditions previously, but thankfully reader Jared found this better offer. Pretty good bonus, we just need some data points on what counts as a direct deposit. If you can easily change your employer payroll I’d recommend this bonus. Because this bonus is now for $250 I’m adding it to the list of the best checking promos. You also need to make sure you do a monthly bill pay or direct deposit, otherwise the account will revert to a free checking account and you won’t be eligible for the bonus.
DP: got $250, not in counties listed. Also got a mailer today for $10 credit after making first bill pay! Make that 260! 😀
Nice!
The bonus finally posted for me on 9/29/2016. Does anyone know how long I need to keep the account open to avoid any penalties?
Applied on June 22nd. Finally noticed the $250 bonus appearing in my account as ‘pending’ today.
Does anyone have a screenshot of the $250 original offer. They are lying and claiming it has different terms and conditions that require $300 per direct deposit. The original offer said no such thing.
I’ve got a PDF of the offer.
My PDF is of the $150 offer.
$250 link is broken but $150 still works.
Has anyone verified that we’re still eligible for the bonus if we applied before the county restriction in the terms was added?
You should be fine as you applied before it was added.
anyone notice this in the T&C’s “To maintain a Maximum Checking account, you must (a) receive a monthly direct deposit OR (b) use our online bill pay to make at least ONE bill payment per month. (Bill payment must POST before month-end.) If these eligibility requirements are not met, the account may be converted to a Free Checking account”. And also, “If we determine you have met the terms of the offer, the cash bonus will be deposited into your new LegacyTexas Maximum Checking account on the Payment Date”. This to me seems to imply that if you don’t receive a monthly DD or do a monthly bill pay and your account converts to a Free Checking by the time the bank goes to post the bonus you may be ineligible for the bonus. So while the account doesn’t have a monthly maintenance fee you can’t simply do a one-time DD and forget about it.
This is correct. Doing a monthly bill pay shouldn’t be too difficult tho.
They added a county restriction to the disclosures:
Special incentive offer is only available to residents in Tarrant, Dallas, Denton, Parker and Wise county.
Chatted with a rep, she said they will be adding Collin county back to the list so it will essentially be the entire DFW metroplex.
They were able to update the disclosures while I was on live chat. Oh the advantages of small banks.
Thanks, added this in.
Under Maximum Checking account in the disclosures it states:
“No maintenance fee will be charged on this account.”
The $12 fee above is in reference to Money Market Checking.
I believe there is a $12 monthly fee unless you keep a $3,000 balance. The schedule of fees is available if you click the tab at the bottom to expand disclosures.
That’s the money market checking.
I chatted with a rep – there is NO monthly fee and NO early termination fee.
Got it, thanks!
Thanks, updated post.
can we applied for a different offer if we just applied for the $150 a few days ago ?
Not sure if they will match or not, sorry. Always worth a try though!
I was not able too match.
Thanks for the DP, that sucks :(. I did try to find any better offers when I first posted, but couldn’t find this one.
C’est la vie. I’m not unhappy with $150, and I’m grateful that you found it for me.
Also, if I’m not mistaken, my wife can apply for the $250 bonus, so it will end well!
That’s correct, $400 isn’t bad between the two of you! Make sure you keep us updated on what triggers the DD requirement.