[LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC & VA] First Horizon Bank $450 Checking Bonus

Update 7/30/24: Extended to 9/15

Update 6/19/24: Deal is back and valid until 7/31/2024. Some new language for direct deposits, hasn’t been enforced in the past:

Make qualifying direct deposits totaling at least $1,000 within ninety (90) days of account opening. Qualifying direct deposits include recurring electronic deposits of payroll and pension, or Social Security. Non-qualifying deposits include person-to-person, bank, or other electronic money transfers, such as those made through internet payment services.

Hat tip to reader Eric

Offer at a glance

• Maximum bonus amount: $450
• Availability: Offer is only available to residents of LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC and parts of VA (Bristol, Gate City, Weber City)
• Direct deposit required: Yes, $1,000+
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown, sensitive
• Credit card funding: Up to $50
• Monthly fees: None
• Early account termination fee: Six months, bonus forfeit None
• Household limit: None
• Expiration date: 3/31/24

The Offer

Direct link to offer

• First Horizon Bank is offering a $450 bonus when you open a new checking account and complete the following requirements:
  • Make qualifying direct deposits totaling $1000 within the first 90 days

The Fine Print

 

• A qualifying client-initiated transaction may include deposits, checks paid, ACH items, and signature and PIN-based purchases made with a First Horizon Debit Card.
• The cash bonus will be deposited into your account within 10 business days after qualifying activities are met. Bonus will only be paid to open accounts with a positive balance.
• Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers, and is only available for new clients that have not had an account at First Horizon within the last 12 months.
• Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.
• All FirstView Checking accounts require a $50 minimum opening deposit.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

FirstView checking account has no monthly fees to worry about. You do need to opt in to paperless statements otherwise you’ll be charged a $2 monthly fee.

Early Account Termination Fee

Account must be kept open for six months otherwise the bonus will be forfeit This account no longer has any ETF.

Our Verdict

Better than the $400 checking bonus. Definitely worth doing if they will send you an e-mail with the promo code, I guess there is some risk involved though if you weren’t targeted with a mailer.

Hat tip to reader Bockrr

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• 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
• Bank Bonus Posting Times

Post history:

• Update 4/4/24: Deal is back until April 30, 2024.
• Note: Terms state ‘Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers’. But this shows up in a google search and you also have to request a code by filling in your information so should be able to get this bonus even if not targeted but YMMV.