First Tennessee Bank Offering $250 Checking Bonus

First Tennessee Bank is offering a great bonus of $250 when you open a new checking account with promo code ONLINE. To earn the bonus, you must have an opening deposit of at least $300 and set up direct deposit. The offer is available from September 1, 2015 to March 31, 2016. We posted about this offer a few weeks ago, but terms have been updated and now the offer is available to Tennessee and North Carolina residents only.

First Tennessee 250.jpeg

There is no monthly service charge with direct deposit and no minimum balance required. It’s a soft pull, so no worries. You’ll get all the usual stuff for free as well such as free Banking Online, free Bill Pay Online, free Mobile Banking, and free Monthly Statements Online.

Express Checking is the best option. It comes with a $5 monthly fee which can be waived with at least one direct deposit per statement cycle and online statements.

If you’re opening multiple accounts from the same PC, make sure to clear your history before applying again, or use different browsers.

The $250 bonus will be credited to your account within 6 weeks of meeting all requirements and will be reported as income on Form 1099-INT.


The offer was previously available to residents of AR, GA, MS, NC, TN, & VA, but terms were then updated with the following “We have modified the original offer by adding state restrictions. This offer is now limited to Tennessee and North Carolina residents only“. (HT: to JIM in comments on previous post)

I’m not sure how this will change things for mos people that were outside of coverage area even before. I opened it from NYC and I received the bonus ($150 offer) earlier this year so most likely this is available nationwide. But since they went through the trouble of limiting eligibility even further, they might be tougher on handing out bonuses. Must be a U.S. citizen.

First Tennessee Bonus

This offer is for new checking households only, or for households who have not had an open First Tennessee consumer checking account in the previous 12 months. Limit one bonus per household, but not really enforced.

First Tennessee $250 Offer Details

  • Sign up Offer (Promo Code ONLINE)
  • Account Type: Express Checking
  • Availability: NC, TN (Maybe nationwide)
  • Expiration Date: 03/31/2016
  • Inquiry Type: Soft pull
  • Opening Deposit Credit Card Funding: Up to $300
  • Direct Deposit Requirement: Yes, set up DD within 60 days of account opening.
  • Monthly Fee: $5 monthly fee, but waived with direct deposit
  • Additional Requirements: You must have a $300 opening deposit
  • Closing Account Fee: You must keep the account open for 6 months, otherwise the bonus will be reverted back.

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2 thoughts on “First Tennessee Bank Offering $250 Checking Bonus

  1. after bonus posts, how long can we withdraw the $300 or most of it? I understand we must continue to do DD of a little over $1, but is there a minimum balance to maintain to keep the account in good standing?

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