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Offer at a glance
- Maximum bonus amount: $300
- Availability: All branches are in TN
- Direct deposit required: Yes, no minimum mentioned
- Additional requirements: Use promo code
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: November 9th, 2020
Contents
The Offer
- Wilson Bank & Trust is offering a bonus of $300 when you complete the following requirements:
- Use promo code Cookeville20
- Open account with at least $100
- Complete a direct deposit within 60 days of account opening
The Fine Print
- To receive your $300 bonus you must open a Kasasa Cash Back account with an opening deposit of at least $100, and at least one direct deposit must post to your account within 60 days of account opening.
- Opening deposits cannot be transferred from an existing Wilson Bank & Trust account.
- If you meet the stated requirements of this promotional offer, the bonus will be credited to your account within 6 weeks of the first direct deposit.
- This offer is for new checking accounts.
- Offer is only valid at the Cookeville location of Wilson Bank & Trust by mentioning this offer or online by using promo code “Cookeville20” when opening your Kasasa Cash Back account.
- Offer expires 11/9/20.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee or not.
Our Verdict
Seems like a nice big bonus,there was a $400 bonus in the past that didn’t require a direct deposit but that was in branch only. We will still be adding this to our list of the best bank account bonuses.
Hat tip to justanother dude
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
Is there a link to the offer?
Can’t find one – this was a postcard flyer in the mail.
Is there a link at all?
I used Ally, Fidelity, Discover Savings transfers and got the bonus 7/1. not sure which triggered.
Thanks
It’s only available for people in the 9 TN counties in their footprint. You put the promo code into the how did you hear about us box. You can fund with a cc up to $500.
Bonus paid out today. Real $250 DD posted 10/16. Coded as Dir Dep Company Name PPD
Where is the option to put the promo code?
i did not find the space for promo code when i applied online, but the banker told me to put in where says” how do you hear about us”, i believe its the 1st line. To answer Saul’s questions below, you may not get approval since 1.5 hrs away, but why not try since its soft pull? banker did tell me they pull chex instead credit report, but there is no DP for chex sensitivity so far, so apply at your own risk, lol
I didn’t see an option so after the application I sent a message (via their account status link) for them to attach the code. I was approved-got email today. I’m 1.5 hr from the Cookeville branch but live close to another branch. They pull Chex (showed up on my Chex today as well as last year when I applied) but doubt they are Chex sensitive as I am currently 24/12
I’m 1.5 hours away from the closest branch. Should I proceed with it considering Simon’s data point? Is there any other data points? 300 is a nice one…
By the way, is there any data points on Chex sensitivity?
MAYBE its “local” or if you are “near” the branches only.
Here is my data:
I was not sure i can apply online since i am 2.5 hrs away by distance even though i am in TN, so i called the branch banker and was told no problem and its soft pull, and told me to make sure use the code when apply online, I applied online per banker suggestion. 3 hours later got the decline message as below, so proceed if you want but don’t be surprised if you get the same result as me if you are not local.(also want to mention 3% back debit card purchase cap at $250 per month)
Thank you for your interest in Wilson Bank & Trust.
Unfortunately, once we began processing your application, we discovered that you are currently located outside of our service area and we are therefore unable to open an account for you at this time. We pride ourselves in excellent service and we feel that since you are located over an hour away from our closest office, we would not be able to provide that type of service to you. If you have more questions
feel to contact us.
3% back on debit purchases… that won’t last long.
Update: It’s 3% back on up to $250 in purchases monthly when you proceed with the application. Probably a good call on their part.
no luck for OOS….
I did this bonus recently for $400. There was no hard pull. They gave me the $400 super quick. Their app is amazing and the people working there are super nice.