Posted by William Charles on October 27, 2018
Bank Account Bonuses

Published on October 27th, 2018 | by William Charles

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[Expired] [TX only] First-Lockhart National Bank $100 Checking Bonus

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

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: TX only
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: Unknown
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Up to $2,000
  • Monthly fees: None
  • Early account termination fee: Six months, bonus forfeit
  • Household limit: None listed
  • Expiration date: November 30th, 2018

The Offer

Direct link to offer

  • First-Lockhart National Bank is offering a bonus of $100 when you open a new checking account and complete the following requirements:
    • Deposit $50 or more at account opening.
    • Have your direct deposit of your payroll, pension, or government benefit made to the account within 60 days of opening.

The Fine Print

  • Rewards Checking offer is not available to existing First Lockhart National Bank checking customers.
  • Offer is not available to those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
  • To receive the $100 checking bonus: 1) Open a new Rewards Checking account at First Lockhart National Bank, AND 2) Deposit $50 or more at account opening, AND 3) Have your direct deposit of your payroll, pension, or government benefit made to the account within 60 days of opening.
  • After you have completed all of the above requirements, we’ll deposit the bonus in your new account within 10 business days.
  • Additionally, fees may reduce earnings on the account.
  • You can receive only one new checking account opening related bonus each calendar year and only one bonus per account.
  • Bonuses are considered interest and will be reported on IRS Form 1099-INT.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

If the account is closed within six months of open the bonus will be forfeit

Our Verdict

Only a $100 bonus, we really need to know if it’s a soft pull and if you can fund with a credit card to decide if it’s worth doing or not. If anybody decides to go for it, please share those datapoints in the comments below. For now we won’t be adding it to the best checking bonuses.

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

Useful posts regarding bank bonuses:



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Tony
Tony

CC FUNDING:
You can fund up to $2000 with a credit card. Coded as signature purchase on Paypal Business Card.

Jay
Jay

CC funding DP:

Although the Amex icon is available for selection, I have tried to fund using many different Amex cards (both credit and charge), but none have worked. No fraud flags by Amex either; the website simply refused to recognize them as valid cards.

On the other hand, Citi AA Biz (MC) went through without a problem.

UT
UT

Did your app successfully go through? The other commenter said that their app went pending, and I’m wondering if they tend to usually go pending or not.

Jay
Jay

Yes it is currently pending, though the funding has already been charged to the card. Hopefully they aren’t CS-sensitive.

Toad
Toad

I love it how some “National Bank”s are not actually nationwide. Leave it to lawyers to obfuscate words.

Colleen
Colleen

Make sure to OPT OUT of the overdraft protection!

mjs
mjs

+1!

Their website is the biggest POS I’ve seen on this.

First, they try to sneak it on you by only calling it “OOP” in the list of account options.

Now here’s where it gets REAL fun! The $100 is only for the Reward Checking. On my first broswer, not only is the OOP pre-checked, but the box is grayed out so you can’t un-select it– even though it’s optional!

However, if you play around and select the basic checking (which does not qualify for the 100), then all the same options are pre-checked, BUT you can easily deselect. Go back and then select the Reward Checking, and they go back to all being selected and grayed out.

At this point, I think maybe it’s a browser issue so I save the application and try another. This time, all the boxes are grayed out but there is no way to “select” certain things you do need like e-statements to keep the account free! I’m actually suspecting that even though they are not showing as checked, they probably are secretly.

I then decide to go to continue to see if I can change things later. Well, I may be in luck since the next page says something like “change account features”. Great!…nope. Just takes you right back to the previous page where again all options for Reward Checking are grayed out.

I then save the app again and go to a 3rd and 4th browser. 3rd browser shows the same as the 1st (everything grayed and pre-checked), 4th browser shows the same as the 2nd (everything grayed and nothing checked).

***
tl;dr version: until someone can explain how they are able to turn off the overdraft (OOP) specifically, I don’t trust their POS website to have it “off” even if the checkmark isn’t showing if the box is grayed. If someone has time on their hands and wants to take them to the cleaners by suing them for adding overdraft when it shows de-selected, just document in whatever browser will “show” this.

I’m not applying until there’s a way to turn it off, or know they won’t run a credit report hit if it’s added.

Tony
Tony

Toward the end of the application you can opt out of “Oops” (overdraft protection. I still don’t know if they want a credit pull since mine are all frozen and my app went to pending.

A M
A M

Where does it say TX only?

Ben
Ben

Exact quote from the offer page: “If you live anywhere in Texas you can take advantage of this account and start earning your high rate of return today!”

Jason
Jason

Live in TX. Applied this weekend. Got declined this morning. No reason given. Will have to call to find out.

mjs
mjs

email this morning that my application was denied (live in Texas, not that close to the footprint).

tried funding with a credit card close to 2k and denied overdraft (they now added separate buttons on the last screen specific for the overdraft).

lots of checking accounts opened this year but nothing else derogatory in my history.

anyone got confirmed their account was opened if you live in Texas but not close to a branch?

Ahmed
Ahmed

I have also received ‘denied’ email this morning. I tried $2k funding using my Citi AAdvantage MileUp card.

Ahmed
Ahmed

Just forgot to mention that I live in Austin, TX and have a branch in town.

Mjs
Mjs

I called (because I have no shame), and was told almost incredulously that I had 30 Chexsystems, so I think they are a little sensitive LOL.

A M
A M

Any more DPs? Especially of CC funding?

I live in Austin and have a branch nearby, so that’s an option, too. But it likely won’t allow me to fund with CC there.

Sam
Sam

Has anyone actually been approved for this so far? I applied Sunday, and haven’t gotten approved or denied yet.

Sam
Sam

Signed up 10/28, with 1500 CC fund. DECLINED by email today.

Culd.
Culd.

Denied with 2000 cc funding. Was going to double dip this with P2 to help some citi spending. Would love it for that reason alone.

Have a message for the banker to call me back on recon.

Culd.
Culd.

Called recon. They said they are not accepting applictaions that “appear to be from the internet” said i could come in branch to push it thru.

May try to do a money market with my wifes card for no bonus but to get a dp on cc funding.

Justin
Justin

I applied for this account today and received an email in a few hours stating I had been declined. I called the number to ask why but was transferred to voicemail. I left a voicemail and haven’t heard back…

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