First Tennessee $250 Checking Bonus - Nationwide

[doctorofcredit]

Link to offer: https://www.firsttennessee.com/250online

Fine print:

Offer is good from September 1, 2015 to March 31, 2016. To receive your bonus, you must open the checking account online and ensure the code ONLINE appears in the online application where “Offer/Promo code” is requested. You must have an opening deposit of at least $300, and at least one direct deposit must post to your account within 60 days of account opening. Opening deposit cannot be transferred from existing First Tennessee accounts. 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. Limit one bonus per household. Cannot be combined with other checking offers. 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. Customer agrees to maintain account in good standing for a minimum of six months. As of 08/06/15, the Annual Percentage Yield (APY) for Premier Checking was: 0.01% for balances of $0-$4,999 and 0.02% for balances of $5,000 and greater. APY is variable and subject to change without notice. Fees may reduce earnings. Account openings are subject to bank approval and may be declined based on certain factors. Must be a U.S. citizen.
* Mobile carrier messaging and data rates may apply.
** When using ATMs outside the U.S., a 1% International Service Assessment fee will apply.


Soft pull to open
Can fund up to $300 with credit card
ACH transfers have been triggering the bonus

Pretty easy to complete bonus, did a quick search for this but couldn't find it.

[yochiek93]

Thanx DoC

[Hidden]

My csp funding posted as sale

[lunatic]

Thank you doc for posting here

[mmb]

What do they consider a direct deposit?

[rileywiles23]

Is the bank account fee free ?
Do they charge for early account closure ?

[ah giten]

Can anybody explain what ach deposit means? Sorry if it doesn't belong public please pm

[David Smith]

Can anybody explain what ach deposit means? Sorry if it doesn't belong public please pm

When you make a transfer from one bank to another, bank A doesn't give the money directly to bank B. There is an outside institution that both banks use to handle the transaction. The most popular one, that is almost universally used, is called Automated Clearing House (ACH). When banks have as a requirement for a promotion that you must have a direct deposit, the terms and conditions often say that a qualifying direct deposit is a payroll or social security deposit. However, these systems also use ACH to deposit the money into your account, so often any ACH utilizing transaction, such as transferring money to yourself from another bank, will trigger the bonus.

[srulky]

is there a minimum balance which needs to be maintained for 6 months?

[Hidden]

Does PayPal qualify as dd?

[yochiek93]

is there a minimum balance which needs to be maintained for 6 months?

No

[Josef.koney]

Since they file the 1099 does this mean if I don't file taxes (bc don't make enough) that this will give me problems? 

[jollyjoe]

There is a monthly fee unless you have a direct deposit. The question is whether an ACH credit you make will waive the monthly fee. It has to be open for 6 months.

[yochiek93]

There is a monthly fee unless you have a direct deposit. The question is whether an ACH credit you make will waive the monthly fee. It has to be open for 6 months.

Why would it be any different if an ACH works for the bonus it should work to waive the fee

[mmb]

Do you need to keep the $300 from the DD in the account for six months or could u leave $5?

[yochiek93]

Do you need to keep the $300 from the DD in the account for six months or could u leave $5?

It says no minimum

[mmgfarb]

Any consensus on whether or not an ACH will work for the direct deposit to waive the fee?

[yochiek93]

Any consensus on whether or not an ACH will work for the direct deposit to waive the fee?

Why would it be any different if an ACH works for the bonus it should work to waive the fee

[mmb]

Would they waive the fee for a student?

[Lovedealsfromdan]

Since they file the 1099 does this mean if I don't file taxes (bc don't make enough) that this will give me problems?

?