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 forfeitNone - Household limit: None
- Expiration date: 3/31/24
Contents
The 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.
Anyone knows if 1 real dd of $1200 ok for this?..,or it has to be multiple deposits?
Working the updated $450 bonus with 1k in Direct Deposit. Supposedly 10 days from DD.
Opened Account August 12th
Aug 14th – DD – ACH from Amex Biz Account for $1,097.50
Aug 28th – Fidelity ACH for $1,125
Sept 5th – No bonus posted yet.
Have one more ACH I can try in October if not showing up by Sept 30th.
Bonus due is 10 biz days after requirements are met, and one of the requirements is the account must be open for 90 days. Your bonus isn’t due until 11/10.
I was told since I didn’t have $5000 in my account during the first partial statement, I was denied.
Even though I maintained a $5000+ balance for the next 3 FULL statement cycles and satisfied the 10 debit transaction requirements.
File a CFPB complaint. (If, you did 10 debits per full statement cycles and maintained the $5K too)
Roy A
Thanks
Gadget - Bank Bonus Geek 🔗 I will indeed do that!
Has anyone received the new $1k DD bonus? Opened up 07/01 with $50 deposit and tried Schwab Brokerage push of $30 07/05 – coded as “transfer between accounts”, but you can change category in app. On the e-statement, I just see “DEPOSIT -SCHWAB BROKERAGE MONEYLINK”. No idea if this will work. Thinking of just pushing the $1k to see if it works since time is running out. Any DD dps would be greatly appreciated.
havent gotten mine yet – i sent three payroll deposits there, one for 400, one for 1083, and one for 945 and still havent heard
opened acct in late june and did the deposits in july and august.
Still waiting on mine, opened 6/20 and did real DD, my notes show I should see bonus by 9/28, so there’s still time
For those of you who applied and were denied, did they refund your deposit? If so, how long it took? It made me pay it upfront before my application would even be considered. I paid with debit card
Any one opened account in March already closed account?
8/28/2024 Declined due to Chex score – 576. First time getting my score sent directly
If you have a branch nearby you should be able to get approved.
Application declined after transferring the min $50… couldn’t confirm identity even after scanning DL
Did they refund your $50 deposit after they denied you?
Will 1 dd of 1010$ be ok for this?..,or it has to be multiple deposits?
I am wondering the same thing.
✅04/18/2024 – Applied for & approved for FirstView checking acct.
✅04/19/2024 – Recd email stating acct opened. Xferred $50 from Ally to start funding.
✅05/03/2024 – Xferred $5k from Ally to FHB chkg.
✅05/04/2024 – 15 Amazon Reloads (only needed 10) to satisfy May req for bonus
✅06/02/2024 – 10 PayPal Reloads to satisfy June req for bonus
✅07/01/2024 – 6 PayPal Reloads (PayPal would not allow more than6) need 4 more to satisfy July req)✅07/04/2024 – 4 addl PayPal Reloads. This gets me to 10 Reloads for satisfying the July req
✅08/10/2024 – 6 PayPal Reloads
✅4 addl debit card transactions to satisfy Aug reqs.
Still no bonus. Hopefully any day now.
Did you complete the 4 additional debit card transaction before your August statement cut?
Ah that may be my problem. There were only 2 addl debit card transactions that posted in time. The last 2 will apparently appear on the Sept statement. 😞
Sorry to hear that. You just gotta be more careful with meeting the terms on your next one.
I would reach out to the bank and see if they will make an exception. Maybe say that you didn’t expect the two late transactions to take so long to post. What’s the worst they will do? Say “no”? IMO, maintaining the $5K balance was the main component of the bonus.
crowderdd52
Personally, within about a week of the full statement start dates, I was doing my debits.