[TX, The Woodlands Only] Bank of Texas $400/$800 Checking Bonus

Offer at a glance

• Maximum bonus amount: $400/$800
• Availability: Offer only available in The Woodlands, Texas
• Direct deposit required: Says ACH
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: None 
• Monthly fees: $0-$25, avoidable
• Early account termination fee: Unknown
• Household limit: None
• Expiration date: May 31st, 2025

The Offer

Direct link to offer

• Bank of Texas is offering a $400/$800 bonus when you open a new checking account and complete the following requirements:
  • Use promo code TEXOFR
  • $800 with Premier Checking account. Qualify for the bonus by having an aggregate of at least $1,500 in ACH deposits within the first 90 days of account opening, and maintaining a monthly average balance of $10,000 or higher
  • $400 with Access Checking. Qualify for the bonus by having an aggregate of at least $1,500 in ACH deposits within the first 90 days of opening your Access Checking account.

The Fine Print

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Premier checking has a $25 monthly fee. For each statement cycle that one of the following requirements of average daily balances are met, you’ll avoid the $25 monthly service fee:

• $25,000 or more in linked bank deposit accounts (checking, savings, CDs, FDIC-insured IRAs)
• or $50,000 or more in any combination of qualifying linked banking, brokerage (available through BOK Financial Advisors – excluding 529s and managed trusts) and 10% credit balances (mortgage, HELOC, PLOC, auto loan & personal loan – excludes small business loans). Accounts are not automatically linked. Please notify your banker which accounts should be linked.

Early Account Termination Fee

Wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Don’t think the $800 bonus is worth doing as it’s difficult to keep the account fee free and trigger the bonus. $400 bonus may be worth it. It’s also unclear how strict the location restriction is as well.

Hat tip to 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