$250 Checking & Money Market Account Bonus at First Tennessee Bank - Local Only
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First Tennessee Bank has a new-account promotion in which you can earn $250. Here's the bank's promotions page link. The bank has a link to this page in its Life Event Resources page. The offer is scheduled to expire 11/30/2010. Here's what is required to earn the $250 in bonuses:
- $100 when you open a new checking account
- $100 when you open a Money Market Savings Account
- $50 when you start using Bill Pay Online
There's also a $100 Visa Gift Card when you open a Home Equity Line of Credit or Home Equity Loan. I didn't include this it the total bonus since it involves loans rather than deposit accounts. There's also a $50 Restaurant.com Gift Certificate when you speak with a Financial Services Representative at a First Tennessee branch. The real value of this gift certificate is less than $50 so I also didn't include this in the total bonus.
Below are the important sections of the small print:
Checking Account Bonus Details:
Offer expires 11/30/2010. New checking customers only. To receive bonus, you must open your account at a financial center and present this offer certificate. Minimum opening deposit to receive bonus is $300. Opening deposit cannot be transferred from existing First Tennessee accounts. If you meet the stated requirements of this promotional offer, the bonus will be credited to your account within 6 weeks and will be reported on Form 1099-INT. Limit one bonus per household. Cannot be combined with other checking offers. Customer agrees to maintain account in good standing for a minimum of six months. Subject to bank approval.
Money Market Savings Account Bonus Details:
Offer expires 11/30/2010. You must open your account at a First Tennessee financial center and present this offer certificate to receive bonus. Accounts opened online are not eligible. Minimum opening deposit is $10,000. Offer is available to new First Tennessee savings customers only. Opening deposit cannot be transferred from existing First Tennessee accounts. If you meet the stated requirements of this promotional offer, the bonus will be credited to your account within 6 weeks and will be reported as income on Form 1099-INT. Limit one bonus per household.
Bill Pay Online Bonus Details:
Bonus is for new or existing checking customers who have never used First Tennessee Bill Pay Online or who have not used Bill Pay Online since May 1, 2010. To be eligible for the bonus, the customer must present this offer certificate to our Financial Services Representative and pay a minimum of six (6) bills using First Tennessee Bill Pay Online between August 16, 2010 and December 31, 2010. Bills are considered "paid" as of the actual payment date, which is the date funds are withdrawn and sent to the payee. Failure to make at least six payments using Bill Pay Online by December 31, 2010 will cause full bonus to be forfeited. No partial amounts will be awarded. Customers receiving this offer who meet the requirements will receive a direct deposit of $50 into the account from which bills were paid, approximately 4-6 weeks after requirement is met. Health Savings Accounts are not eligible for bill pay incentive. Limit one Bill Pay Online bonus per household. Cannot be used in conjunction with any other First Tennessee Bill Pay Online offer.
Credit for this find goes to iBankDesign.
It looks like the Free Checking would qualify. However, the Money Market Savings requires a $5K balance to avoid a $9/month fee. You can also avoid the fee with a qualifying checking account, but that probably doesn't include the Free Checking.
According to the small print, you must open your accounts at a First Tennessee financial center. The vast majority of the branches are located in Tennessee. Branches are located in several Tennessee cities including Cleveland, Nashville, Greeneville, Morristown, Chattanooga, Jackson and Knoxville.
First Tennessee Bank has been a FDIC member since 1934 (FDIC Certificate # 4977).
Other Bank Bonuses
Please refer to the Bank Bonus Page for all of my recent posts on checking account bonuses.