[Targeted, TX only] LegacyTexas $200 Checking Promotion

Note: Offer says reserved for select LegacyTexas clients and fine print states ‘available to current LegacyTexas clients only’. So it’s likely targeted towards existing LegacyTexas members.

Offer at a glance

Maximum bonus amount: $200
Availability: TX only and must be a LegacyTexas client
Direct deposit required: Yes, $300+
Additional requirements: None
Hard/soft pull: Soft
ChexSystems: Yes
Credit card funding: None
Monthly fees: No
Early account termination fee: None
Expiration date: March 31st, 2019

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

LegacyTexas is offering a bonus of $200 when you open a new checking account and complete the following requirements:
- Have qualifying direct deposits of at least $300 into the account within 90 days of account opening

The Fine Print

$200 cash bonus available to current LegacyTexas clients only who open a new LegacyTexas Maximum Checking account between February 8, 2019 and March 31, 2019
. Limited to one per account.
Offer not available to existing LegacyTexas personal checking account clients or those who have closed a LegacyTexas personal checking account within 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 cash bonus, you must meet the basic requirements to maintain Maximum Checking, receive recurring ACH direct deposits totaling $300 or more each month AND meet these requirements within 60 days of opening.
If qualifications are met, cash bonus will be credited to your account 90 days after opening. Account must be open and in good standing to receive cash bonus.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There are no monthly fees or minimums on this account. Keep in mind you need to receive a monthly direct deposit or use online bill pay to make one bill payment per month otherwise your account can be downgraded.

Early Account Termination Fee

According to this comment there is also no early account termination fee.

Our Verdict

We’ve seen bonuses of $150-$250 before. It’s a shame this is likely a targeted promotion, otherwise I would add it to our list of the best checking bonuses. If anybody decides to sign up, then please share your experiences in the comments and let us know if it’s actually targeted or not.

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

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5 Comments

newest

oldest most voted

Tyler (@guest_726676)

February 24, 2019 19:25

#726676

Looks like you don’t have to do an automatic bill pay if you’re doing the monthly direct deposit ACH for the bonus to maintain “Maximum Checking Account”.

(3) $100 minimum opening deposit required. Basic requirements to maintain Maximum Checking: you must receive a monthly recurring ACH direct deposit OR
use Bill Pay to make at least ONE monthly bill payment that posts before month end.

Sevillada (@guest_726599)

February 24, 2019 16:04

#726599

Thanks for that one

Christian (@guest_726552)

February 24, 2019 12:57

#726552

This seems like a very odd targeted bonus. Who are they targeting if non-members and existing checking holders are excluded? Business account holders and people who have savings products only with them? I can’t imagine too many people have just a savings account with them as their rates aren’t anything spectacular. I was excited to see this bonus until I read who is targeted.