First Horizon Bank Bonus: $450 Checking

First Horizon Bank is a commercial bank with locations in LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC and VA. If you live in one of those states, read on to learn about how you can get $450 for opening a new checking account.

First Horizon Bank has been around since 1864 and is FDIC insured (FDIC #4977), so your money is safe. They were founded in Memphis, TN but now have over four hundred branches manaing over $81.7 billion in assets, it is one of the oldest state chartered banks and one that is regulated by the Federal Reserve Board.

As a commercial bank, they offer the full suite of banking products from checking and savings to credit cards and loans. But today, I want to highlight the bank bonus available for their checking product.

Table of Contents
  1. First Horizon Checking Bonus – $450
  2. How Does This Bonus Compare?

First Horizon has a really simple offer where you can get $450 if you meet a few simple conditions.

First, you need to be a new client and maintain an average daily collected balance of $5,000 in your total deposit balance AND make a minimum of 10 qualifying transactions for each statement cycle for the first three full statement cycles. A qualifying client-initiated transaction spans a lot of different transactions, including deposits, checks paid, ACH items, and signature and PIN-based purchases made with a First Horizon Debit Card.

That’s it!

No other requirements to get the $450 cash bonus. It’s quite simple.

The offer page does say that the “Offer is only available to the addressee of the offer, is non-transferable, may not be combined with other offers, and is only available for new clients that have not had an account at First Horizon within the last 12 months.” But you can get an offer code if you enter your information on the page we link to below.

This offer is available in LA, NY, SC, TX, TN, AR, MS, AL, GA, KY, FL, NC and VA.

There is a $2 monthly fee but easily waived if you opt for electronic statements plus you need to keep the account open for six months or you forfeit the bonus.

👉 Learn more about this offer

(Offer expires 4/30/2024)

How Does This Bonus Compare?

This bonus offer is really appealing because:

1. it doesn’t require a direct deposit, and
2. the deposit balance requirement is only $5,000

You get a “9% return on your deposit,” so to speak, and you just need to make 10 qualifying client-initiated transactions for each statement cycle for the first three full statement cycles – so about three months.

Here are a few other offers:

Barclays – $200

Barclays Bank will give you a $200 if you open a new savings account and deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. The savings account also pays a competitive interest rate of 4.35% APY while you wait.

👉 Click here to learn more

BMO Relationship Checking – $400

BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

*Conditions apply

👉 Click here to learn more

Bank of America – $200 Bonus Offer

Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more

Chase Total Checking® – $300

Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

👉 Click here to learn more

HSBC Premier Checking – up to $4,000

HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.

👉 Click here to learn more

Other Posts You May Enjoy:

Flagstar Bank Promotion: $250-$350 Checking Bonus

Flagstar Bank is offering a new bank bonus for those looking to open a checking account with a direct deposit of just $500.

First Tech Credit Union Promotions: $300 Checking Bonus

First Tech Credit Union has a [acf field=”bonus_amount” post_id=”65588″] bonus offer on their reward checking account. It requires a modest direct deposit and can pay a high APY if you meet certain requirements.

Barclays Bank New Account Promotions: $200 Bonus

These days, Barclays Bank is most known for their online bank because of its competitive rates. If you’re a new customer, can you get a bonus too?

Service Credit Union Bonus: $200 & $500 Checking Account

Service Credit Union has a $200 and $500 bonus offer on their Everyday Checking account. This is a direct deposit related bonus but one that offers a nice payout for a reasonable amount.

About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard’s Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology – Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here’s my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you’re on track to retire when you want. It’s free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn’t want a second job, it’s diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he’s invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author’s alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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