First Horizon Bank, Up to $800 Bonus for Business Checking (Select States)

April 30, 2024

First Horizon Bank, Up to $800 Bonus for Business Checking

First Horizon Bank is offering up to a $800 bonus when you open a new business checking account. This offer is available in select states only. On top of that, the offer terms suggest that this might be a targeted offer. However, you can enter your own information on the offer page and receive a promotion code. Let’s go over all the details.

How to Earn This Bonus

Here’s the breakdown of how this offer works:

$800 cash bonus:
- Deposit $25,000 into the new BizEssentials Checking account within 15 days of the account opening.
- Maintain at least a $25,000 collected daily balance for the first 3 full statement cycles.
- Conduct 20 qualifying transactions within the first 3 full statement cycles.
$400 cash bonus:
- Deposit $5,000 into the new BizEssentials Checking account within 15 days of the account opening.
- Maintain at least a $5,000 collected daily balance for the first 3 full statement cycles.
- Conduct 20 qualifying transactions within the first 3 full statement cycles.

Bonus will only be paid to open accounts with a positive balance. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.

Are You Eligible?

Here are the eligibility details for this bonus:

Offer is only available in AR, AL, FL, GA, KY, MS, NC, SC, TN, and parts of VA (Bristol, Gate City, Weber City)
Limit one business checking bonus per company.
This offer is for new checking households only.
Offer only available for new clients that have not had an account at First Horizon within the last 12 months.
Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers.

Account Fees

BizEssentials Checking has no monthly maintenance fee.

You must keep the account open for six months. There’s no fee for early closing, but you will forfeit the bonus.

Guru’s Wrap-Up

This is a pretty good bonus for a business checking account. You will need to keep your funds in a First Horizon Bank BizEssentials Checking account for 3 full statement cycles, but you will still get a great return. The better deal APR wise is the $400 bonus, but you also get 12.8% with the $800 bonus.

There’s the issue of the targeted language, but I would assume that you should be eligible since you can generate your own unique promo code. You also need to visit a branch in order to open the business checking account.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by visiting dannydealguru.com/tag/FL-bank-bonus/. Just replace FL with your state or with “nationwide”.

And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

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