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$50 Checking Account Bonus at a Tennessee Bank (Independent)

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Independent Bank
Independent Bank is offering a $50 gift card for opening its free checking account. This special is not listed at the bank's website. It was advertised in the Sunday's Memphis newspaper. The ad is available online here. One thing to note is that the only apparent requirement for the bonus is new money to open the account. There is no mention of direct deposit. The free checking account requires an opening deposit of $100, but there are no minimums after account opening and no monthly fees.

In addition to the checking account bonus, the bank also has a decent CD promotion with a 5.25% APY 5-month CD.

Branches are located in Memphis and Collierville, TN. The bank has been FDIC insured since 1998.
  Tags: Tennessee, checking account, Independent Bank

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Comments
3 comments.
Comment #1 by Curtis (anonymous) posted on
Curtis
The ad says "$50 gift card or $50 [donation?] to your favorite charity" -- anyone know what kind of "gift card" it is?

1
Comment #2 by Anonymous posted on
Anonymous
Curtis, I know what "gift card" it is. It is a Visa gift card. Tennessee Bank (Independent) C.S.R. told me. I also ask how long will this PROMO last. She said she does not know.

1
Comment #3 by Anonymous posted on
Anonymous
I also found out this is a local deal only. And they plan to expand internationaly in the future.

1