[Expired] [LA, MS, FL, AL, TX] Hancock Whitney Bank $300 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Update 2/13/21: Deal is back and valid until March 31, 2021. Hat tip to reader SamL

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: LA, MS, FL, AL, & TX only. In branch only [Branch locator]
  • Direct deposit required: Yes, $250+
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: No
  • Credit card funding: None
  • Monthly fees: $21
  • Early account termination fee: $20, 180 days (bonus forfeit)
  • Household limit: One (this is enforced)
  • Expiration date: March 31st, 2020

The Offer

Direct link to offer

  • Hancock Whitney Bank is offering a bonus of $300 when you open a Priority Checking account and complete the following requirements:
    • Receive a qualifying monthly direct deposit of at least $250 by 12/31/2020

The Fine Print

  • Checking Promotion Requirements: Bring the promo code referenced above to your nearest financial center or apply online and open a new Priority Checking account with money not currently on deposit at Hancock Whitney Bank by the offer expiration date of 3/31/2020.
  • The promo code is required at account opening.
  • The following criteria must be met by 5/31/2020: set up and receive a qualifying monthly direct deposit of at least $250 per deposit.
  • A qualifying direct deposit includes a salary, pension, social security or other recurring, monthly income amount of $250 or more, electronically deposited by your employer or outside agency.
  • Transfers from one account to another or deposits made at a financial center or ATM do not qualify.
  • Limit of one new consumer checking related bonus per household per calendar year.
  • The Bank may change or discontinue the offer at any time and without notice.
  • This offer is non-transferable and cannot be combined with other offers.
  • The email given at account opening must match the email address submitted to get the offer promo code.
  • If your account meets the criteria, and remains open and active, we will deposit the earned bonus into your new Priority Checking account within 6 weeks after the qualification period of 5/31/2020.
  • Bonuses may be considered interest and may be reported on IRS Form 1099.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Priority Checking account has a $21 monthly fee, this is waived if you do one of the following:

  • a minimum daily collected balance of $10,000 or more;
  • $25,000 in combined deposits (excluding CDs and IRAs) or consumer loans (excluding mortgages) or credit card balances;
  • $250,000 or more in a Trust account or account (excluding annuities) with Hancock Whitney Investment Services.

Early Account Termination Fee

$20 fee is charged for each account if the account is closed within 180 days. Looks like you might also forfeit the bonus.

Our Verdict

There was a previous $500 deal. That required the same account, normally the $300 bonuses only require the silver checking account that is easier to keep fee free. Because of that I wouldn’t recommend doing this bonus, either wait for the bigger bonus to return or wait for a $300 bonus that is easier to keep fee free.

Useful posts regarding bank bonuses:

Post history:

  • Deal has been extended until December 31, 2020. But there is now a $300 bonus.
  • Update 7/18/20: Terms say this ended on 6/30, but if you e-mail yourself a promo code it says valid thru 9/31/20. I’m guessing they just forgot to update the fine print. Hat tip to reader BlaseBB
  • Update 3/31/20: Extended until 6/30/20
    William Charles
  • On February 13, 2021, 18:53

View Comments (59)

  • Available again: https://www.hancockwhitney.com/communitychecking-300-2021 - simply use their form to generate your unique promo code.

    Checking Promotion Requirements: Use the promo code referenced above when opening a new Connect Checking account with money not currently on deposit at Hancock Whitney Bank by the offer expiration date of 6/30/2021. The promo code is required at account opening. The following criteria must be met by 8/31/2021: Set up and receive a qualifying monthly direct deposit of at least $250 per deposit. A qualifying direct deposit includes a salary, pension, social security or other recurring, monthly income amount of $250 or more, electronically deposited by your employer or outside agency. Transfers from one account to another or deposits made at a financial center or ATM do not qualify. A qualifying direct deposit is a recurring electronic deposit of at least $250 of your paycheck, pension, or government benefit (such as Social Security) electronically deposited by your employer, the government, or outside agency. Qualifying direct deposit does not include payments received from apps such as PayPal or Cash App, and other similar payment providers. Tax refunds and Stimulus Checks are not qualifying direct deposits. Deposits made at a financial center, via ATM, online transfer, mobile device, debit card/prepaid card number or the mail do not qualify. The bank may change or discontinue the offer at any time and without notice. This offer is non-transferable and cannot be combined with other offers. Only the person to whom this offer is addressed is eligible for this offer. Limit of one consumer checking-related bonus per household per calendar year.

    If your account meets the criteria, and remains open and active, we will deposit the earned bonus into your new Connect Checking account within 6 weeks after the qualification period of 8/31/2021. Bonuses may be considered interest and may be reported on IRS Form 1099.

  • Terrible customer service, no way to secure message, they have CsR who can’t do things and promise things then don’t do it.

    Found my account was not closed when a rep said a month ago they were closing it.

  • I opened my account at the end of September 2020 using the promo page active then for the $300 bonus. I had 2 real DDs post in October but stupidly, in hindsight, stopped them from continuing through November.

    I have not had my bonus post yet, so I finally called them. They had me on hold looking into it for 20 minutes and came back with "You did not meet the terms because your direct deposits were only for one month." The rep suggested I may have luck going in branch and asking a banker to credit me the $300 as a courtesy. I have left $10k sitting there for almost 6 months.

    Has anyone had any luck either getting a courtesy credit or going the CFPB route? I'd like to avoid CFPB since it seems like this bank reliably pays you annually if you churn it right and that might get my SSN blocked for future applications. I don't even know if I'd technically have a case. I did do recurring DDs, they just happened to be in the same month.

  • "Thank you for your interest. We are unable to process your application online. Please visit one of our convenient financial center locations to apply. Thank you."
    I live in TX and there is a branch 25 miles away.

  • Just FYI: Closed my account several days ago by calling CS. The CS rep specifically calculated how many days the account has been open. Thus, do not close unless it is 180 days.

  • Update 7/18/20: Terms say this ended on 6/30, but if you e-mail yourself a promo code it says valid thru 9/31/20.

    30 days in September, right?

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