[Expired] [TX only] Southside Bank $200 Checking Bonus

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Offer at a glance

  • Maximum bonus amount: $200
  • Availability: TX only
  • Direct deposit required: Yes, $200+
  • Additional requirements: Use promo code
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: $20, 90 days
  • Household limit: None listed
  • Expiration date: January 13th, 2020

The Offer

Direct link to offer

  • Southside Bank is offering a bonus of $200 when you open a new checking account and complete the following requirements:
    • Use promo code Kingwood
    • Have at least one direct deposit of $200 or more within 60 calendar days of account opening

The Fine Print

  • You will receive $200.00 as a bonus when you open this account.
  • To qualify for the bonus, you must open a Prime Checking or Classic Checking account at our Kingwood location or use promo code “Kingwood” if applying online.
  • Requires a $50 minimum opening deposit and direct deposit.
  • You must have at least one direct deposit of $200 or greater post to your account within 60 calendar days of account opening.
  • The bonus will be deposited into your new account within 30 business days after your initial direct deposit has posted to your account.
  • Limit one checking account-related bonus per household. Bonuses are considered interest and will be reported on IRS Form 1099-INT.
  • Account openings are subject to bank approval.
  • This offer is valid through 01/13/2020.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Traditional checking account has no monthly fees to worry about

Early Account Termination Fee

According to the fee schedule there is a $20 early account termination fee of $20 if closed within 90 days

Our Verdict

Need to know if this is a hard or soft pull to open, if anybody goes for this bonus then please share your experiences in the comments below.

Useful posts regarding bank bonuses:
    William Charles
  • On December 13, 2019, 12:00

View Comments (43)

  • It’s been a while but I wanted to add my data point

    1/15: Account approved
    1/22: Schwab Brokerage ACH Transfer (“MONEYLINK SCHWAB BROKERAGEPPD”)
    1/24: $200 Account bonus posted

    No hard pull, had 3 accounts opened in previous 6 months

  • A vague DP:
    1/17 - Ext Trnsfr JPMorgan Chase PPD
    1/21 - P2P Aspiration WEB
    1/22 - TRANSFER PAYPAL PPD
    1/22 - Southside Checking Account Bon (bonus posted this day, not sure when it started pending)
    My Coinbase withdrawal to southside is still pending.

    Based on the other DP having a ~1 week delay, I would say it was most likely Chase that triggered it.

  • Can someone provide a data point if you can cancel the account without physically going and just calling?

    • You can just keep the account open. Cancel the debit card to avoid that fee, and setup auto-deposit/withdrawal into it for a dollar a month, to avoid inactivity fees.

  • Possible data point:

    Dec 23rd : Account opened w/ $50
    Dec 27th : $500 Chase checking ACH transfer (reported as Ext Trnsfr JPMorgan Chase PPD)
    Dec 30th : $300 Discover checking ACH Transfer ( reported as PREARRANGE DISCOVER
    BANK PPD)
    Dec 31st : $300 Paypal transfer ( reported as TRANSFER PAYPAL PPD)
    Jan 6th : $200 bonus pending

    I cannot really tell which one triggered the bonus. From the descriptions, it seems like Discover probably triggered this bonus as I had to manually verify the account. On the other hand, I verified with Chase through login.

    • I can add that aspiration posts as "P2P Aspiration WEB". I also pushed through Paypal and Chase already, and will push from coinbase and capital one in the next few days.

      I don't have discover, and there's no DP's on what works and what doesn't, so I'm just hoping for the best.

  • I read about this bonus here first and the next day I received a mailer.
    They called me to verify the identity and asked how I knew about this promotion. They approved my application and after I hung up I received a couple of emails from them.
    I had all 3 bureaus on freeze and I did not receive any hard pull alert after being approved from them.

  • Looks like a lot of denied due to chex. I got a lot myself (12 or so in the past 12 months) so I probably skip on applying.

    Thanks for the DP!

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