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.
🔁 Updated April 2024 with the latest details for the promotion, which stayed at $450 cash but now the direct deposit is $2,000 in 90 days. Next expiration date is 11/29/2025. They’ve also lowered the business checking bonus too.
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First Horizon Checking Bonus – $450
First Horizon has a really simple offer where you can get $450.
First, you need to be a new or existing customer that hasn’t had a consumer checking account in the last 12 months. Then, open a FirstView or SmartView checking account and make qualifying direct deposits totaling $2,000 within the first 90 days..
No other requirements to get the $450 cash bonus. It’s quite simple.
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.
(Offer expires 11/29/2025)
First Horizon BizEssentials – up to $650 [Targeted]
If you run your own business and received a mailer, you could get up to $650 if you meet a few conditions.
For the $400 bonus, you must:
- Deposit $5,000 into the new BizEssentials Checking account within 15 days of the account opening.
- Maintain at least a $5,000 collected daily balance for the first 3 full statement cycles.
- Conduct 20 qualifying transactions within the first 3 full statement cycles.
For an extra $250 bonus, you must add payment power with Merchant processing and activate within 30 days of sign-up.
Note that in the terms and conditions, it states that this is a targeted offer – “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 a business checking account at First Horizon within the last 12 months. Opening deposit must be funds from a financial institution other than First Horizon Bank or its affiliates. Limit one bonus per company.”
(Offer expires 6/30/2025)
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:
U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through 1/28/2026. Member FDIC.
Get started with an initial deposit of $25 within 30 days. Offer may not be available if you are an existing U.S. Bank customer or live outside of the U.S. Bank footprint.Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $30,000 within 30 days of opening the account. The savings account also pays a competitive interest rate of 3.60% APY while you wait.
BMO Checking – $400
BMO is offering a $400 bonus* when you open a BMO Checking account and you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 9/9/25 - 1/28/26. It is a very straightforward offer that is available nationwide.
*Conditions apply
Capital One 360 Checking – $250
Capital One 360 has a $250 cash bonus when you open a new account and then receive two direct deposits each of $500 or more within 75 days of account opening. Valid for new 360 Checking account customers. If you had a If you had a 360 Checking, Simply Checking, or Total Control Checking account with Capital One on or after January 1, 2022, you are ineligible.
Bank of America – up to $500 cash offer
Bank of America offers a up to $500 cash offer cash bonus if you open a new account and To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days. . It has a monthly fee that is easy to get waived.
Love the info..I will definitely open an account with Chase.. I got nothing when I did a direct deposit with my current bank.. I am very interested in other Hacks you have in your tool box!! As a Retired Grandmother of 3.. I am always looking for ways to get extra Money for thier Future..
Had to beg for the checking account bonus First Horizon bank promised. Finally received it two weeks late. Beware.
Why did they push back? Or did they simply ignore you and you had to follow up to find out?