Deal is back, there is also another $400 deal on the personal checking & savings accounts. Thanks to reader The Bearded Traveler.
Offer at a glance
- Maximum bonus amount: $400 Visa gift card
- Availability: LA, MS, FL, AL, & TX only. Must be opened in branch [Branch locator]
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: $0-$25
- Early account termination fee: $20, 180 days
- Household limit: None, one per business
- Expiration date:
March 31st, 2017June 30th, 2017
The Offer
- Hancock Whitney are offering a business checking bonus of $400 (in the form of a Visa gift card) when you complete the following requirements:
- Get promo code by entering e-mail address into the form
- Bring promo code into a Hancock Whitney branch by June 30th, 2017 (e-mails must match)
- Enroll in Business Online Banking with online statements and make four check deposits through a branch or mobile check deposit by July 31st, 2017
The Fine Print
- The Visa gift card will be sent to the address associated with your new account within 4-6 weeks after the qualifying expiration date of July 31st, 2017 if offer criteria is met.
- Limit one gift card per business.
- The offer is nontransferrable. (in the past this wording has still meant the offer was open to everybody that requested a promo code, YMMV)
- This cannot be combined with other offers.
- Limit one business checking gift card offer redemption per business and per calendar year.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
The easiest account to keep fee free is the essential business checking account as this has no monthly fee to worry about. There is an early account termination fee of $20 if closed within 180 days.
Our Verdict
We just posted about a $200 business checking bonus, obviously this is signficantly better. Same requirements but an extra $200. The downside to both bonuses is that you have to open in branch. Upside is the bonus requirements are ridiculously easy to meet and also there is no monthly fee to worry about. We’ve added this to our list of the best business checking bonuses. They have also offer personal checking bonuses (best is $300, currently it’s only $150), fingers crossed we see that personal bonus increase.
Big thanks to reader, Chris who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
rep offered to change it to money deposited into my account within 10 days. keeping my fingers crossed….
On the phone with them now. Still haven’t received my $300 VGC from this promo. 🙁
Thanks again, DoC! Nice shiny gift card just arrived in the mail today. It was mailed 9/1.
fyi williams, just received a $400 vgc after having filed a dispute with cfpb as you suggested in early july. TY
Glad to help
has anyone from the April checking bonus $300 vgc receive it yet? I completed my 5 debit transactions by 5-1. Wasn’t the bonus supposed to be sent 4-6 weeks after completing requirements? TIA
I’m also still waiting. Time to contact the person who opened the account for me.
No. Its 4-6 weeks after the requirement deadline
“The Visa gift card will be sent to the address associated with your new account within 4-6 weeks after the qualifying expiration date of July 31st, 2017 if offer criteria is met.”
opened a biz chkg acct with the promo code in branch in mar; completed req with at least 4 mobile chk deposits in apr; but i have been persistently refused a $400 bonus with the reason that only 1 bonus per household along with the its irrelevant correspondence & link (below)
https://www.hancockwhitney.com/mystory150q3
Despite to my reply with the correct link & the language in T&Cs for the biz acct clearly stating 1 bonus per business rather than household, the reps via phone & email & the FB’s private msg continually insisted that I won’t qualified for the the bonus because they already sent a bonus to another biz acct applicant at the same address. My business with proper docs is different & separate from another household member’s
hope I can get some advice from DOC or anyone on here of what I should do next? TIA
I’d file a complaint with a CFPB
Will do, thx Williams! will post the outcome
DP: Used the direct link above and used a TX zip code. Wanted to say thanks to all of the posters on here for the recomendation of contacting the banker name above at the 610 location in Houston TX. He was flat out understanding and very workable with setting up both a personal and a business checking accounts knowing that I currently reside out of state for this promotion but currently travel to Houston often for my real full time job. I did not apply online at all for the personal account and opened the business account in-branch first before my personal checking. For my business account I opened it as Sole owner and stated I had customers in the TX area (even though I had an out of state DL). It does look like their in branch systems only allows them enter addresses in the states which branches resides (my state does not have any Hancock & Whitney Banks). When this issue was brought up to me, he was nice enough to use my office address in Houston and had no issues so far with the accounts being locked out mentioned from other posters. After 2-3 days, I called in and changed my mailing address to the NC location and asked them to resend my debt cards. Its clear though that YMMV as I spoke to another banker within a separate branch in Houston and they mentioned that Hancock & Whitney is strict with their business accounts and want full documention to open accounts, even though TX law states otherwise. I havent recieved bonus yet for either the personal and/or the business but based on the terms it looks like I’ll have 2 months before I should get any GC in the mail. Hopefully I’ll get both given that they both have 2 different mailing addresses, user IDs, contact information ect. Thanks!
Update — Early account termination fee: $25, 180 days (Before); now $20
https://www.hancockwhitney.com/essential-business-checking
(scroll to the bottom)
Happy Trails.
Thanks
has anyone opened an acct in mar. & completed req (at least 4 chks deposits) in apr. received the VGC by mail yet?
I don’t recommend wasting your time with Hancock Whitney. I successfully received their $300 Visa gift card back in January and I tried to get a promo code for their $400 Visa gift card business checking account but failed. I received very poor customer service from Hancock Whitney while I banked with them. I probably called their customer service number around a dozen times over the past 4 months and I received contradictory and conflicting information almost every time. Most of their employees are ignorant of their bank policies – if you do business with them, you’ll learn this the hard way. It was truly a rare event to have my issue solved by Hancock Whitney customer service. Usually, whoever I spoke with just misled me and pointed me in the wrong directions and claimed that he or she couldn’t help me. I finally decided to close my personal checking account today and I’ve given up on their $400 business account offer.
I’m guessing that since I opened my Hancock Whitney personal checking account at the end of 2016 and received my $300 Visa gift card on 01/28/17, this somehow made me ineligible to receive the business account promo code? I used two different email addresses and two different browsers to no avail.
Good luck finding anyone at Hancock Whitney who can successfully answer such a question for you.