Bancorp South's Fall Rake in the Cash Bonus Earns $150


UPDATE 11/2/2016: After reading the comments below, I did some further investigating. According to multiple CSRs, and more importantly, Bancorp South’s Marketing Department, the Fall Rake in the Cash $150 bonus offer is valid, as described in this blog post. The Marketing Department is aware that the links are not functional and is working to repair them.

Availability: Alabama, Arkansas, Florida, Louisiana, Missouri, Mississippi, Tennessee, and Texas

Now through December 31, 2016, new customers can take advantage of Bancorp South’s Fall Rake in the Cash $150 checking account bonus when opening any personal checking account. All six of the checking accounts offered by Bancorp South are eligible for the $150 bonus.

$150 Bonus Requirements

*The Performance Checking account is a rewards checking account (RCA) that I first wrote about in 2008, when it earned 4.00% APY up to $30k. At the time, Bancorp South was the largest bank offering an RCA. While the rate has eroded to 1.15% APY, it’s still a decent rate for a large bank.

1.51*%-$30kBancorp SouthPerformance Checking
OTHER TIERS: 0.10% $30k+
0.10*%$100k-Bancorp SouthInterest Plus Checking
OTHER TIERS: 0.03% Up to $50k | 0.05% $50k - $100k
0.05%--Bancorp SouthHeritage Checking
Rates as of January 14, 2021.


  • Available only to individuals who do not currently have a Bancorp South personal checking account.
  • Only one $150 bonus per household.
  • Account must be open, active, and in good standing throughout the qualifying period.
  • $150 bonus will be deposited within 30 days of meeting the Direct Deposit requirement.
  • Account must have a positive balance at the time of bonus payment.


Headquartered in Tupelo, Mississippi, Bancorp South’s market area includes Alabama, Arkansas, Florida, Louisiana, Missouri, Mississippi, Tennessee, and Texas.

Applying for the $150 Fall Rake in the Cash bonus can be done online using promo code Q4CHK, or at any of 243 branches located in Alabama (26), Arkansas (42), Florida (1), Louisiana (24), Missouri (7), Mississippi (98), Tennessee (27), and Texas (18).

If applying in person, a copy of the promotional flyer must accompany your application.

UPDATE: The link to the promotional flyer is currently not working, but there is a work-around.

To apply at a branch, click here for a printable version of this offer.

Rather than clicking on here, do a right-click on here, then click on “Open link in new tab”, and a printable PDF of the flyer will appear.

Bank Overview

Bancorp South (FDIC Certificate # 11813) has an overall health grade of "A" at, with a Texas ratio of 4.46% (excellent) based on June 30, 2016 data. In the past year, Bancorp South has increased its total deposits by $230.79 million, an above average annual growth rate of 2.07%. Please refer to our financial overview of Bancorp South for more details.

Bancorp South was established in 1876 as the Bank of Mississippi, when the mercantile, Raymond Trice and Company, received a perpetual charter to set up a bank in their storefront. Although the Bank had three name changes and “organic” growth in the first 90 years, its real growth spurt began in 1971 with its first acquisition. Over the next 15 years, the Bank acquired twelve Mississippi banks and beginning in 1998, acquired 24 banks in Alabama, Arkansas, Florida, Louisiana, Missouri, Tennessee, and Texas. Bancorp South is currently second largest bank in Mississippi (and 96th largest in the country), with assets in excess of $14.1 billion.

How the Bancorp South $150 Checking Bonus Compares

Opening a My Way Checking account appears to be the easiest way to earn the $150 bonus. Assuming a $100 minimum daily balance is maintained to avoid the $5 monthly service charge, and a re-occurring Direct Deposit is set up,

  • $100 for 90 days in a My Way Checking account = $150 bonus
  • $100 for 90 days in a savings account earning 1% = $0.25 interest
  • Other Promotions and Bonuses

    Not eligible for Bancorp South’s $150 Fall Rake in the Cash bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, readers and I also post often on bonuses in the Bank Promotions Forum.

      |     |   Comment #1
    online applly says promo Q4CHK is not recognized
      |     |   Comment #2
    called csr 2 locations in Texas and call center and also manager - none of them knows the offer and quote unless it is accessible via  bancorpsouth website, it may be not valid
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