HomeTrust Bank $400 Checking Bonus Promotion

Do you live in Georgia, North Carolina, South Carolina, Tennessee or Virginia?

If so, you’re eligible for a massive $400 bonus from HomeTrust Bank if you open a new personal checking account and meet some minimum qualifications.

Table of Contents
  1. Who is HomeTrust Bank?
  2. How to get up to $400 from HomeTrust Bank
  3. How does this bonus compare?

Who is HomeTrust Bank?

HomeTrust Bank is a regional bank with a headquarter in Asheville, North Carolina. FDIC insured under certificate #27677 since 1926, they have fewer than 40 locations across five states.

They had assets of $3.6 billion near the end of 2022 and they are a community-focused bank that has a juicy bonus on new checking accounts that’s relatively easy to obtain.

How to get up to $400 from HomeTrust Bank

To get up to $400, you need to open a new checking account and then satisfy these requirements to earn a tiered bonus:

  • Get $150 for qualified direct deposits totaling $2,500 or more in the first 90 days.
  • Get $150 for an opening balance of $10,000 or greater and maintaining that balance for the first 90 days.
  • Get $100 when you make at least 15 debit card purchases totaling $500 or more in one statement cycle in the first 90 days.

You don’t have to do all three, you earn the bonus specified when you satisfy the condition. If you only meet the first conditions, you get $300. You don’t need to satisfy the debit card conditions to get the first parts. It’s nice that they separate them so you aren’t compelled to do all three.

They have three checking accounts that apply:

  • Simple Checking – A basic checking account with a $50 minimum opening balance and no monthly service fee.
  • Everywhere Connect – A checking account with mobile access with a $50 minimum opening balance and a $10 monthly service fee.
  • Premier Checking – A checking account with interest and $50 minimum opening balance and $15 service fee.

The fees can be waived if you satisfy some conditions, which differ based on the account.

Must be a resident of Georgia, North Carolina, South Carolina, Tennessee or Virginia.

👉 Learn more about this bonus

(Offer expires 6/15/2023)

How does this bonus compare?

The tiered nature is nice because if you don’t have a direct deposit to move, you can still get $250. The only limitation is the regional nature of this offer, you have to live in Georgia, North Carolina, South Carolina, Tennessee or Virginia.

If you have $10,000 to move around, I suggest the Citi bonus instead because it’s slightly higher (and nationwide).

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


Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH124 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.

👉 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

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CIBC Promotions: $200 for Checking Account

CIBC Bank USA is the US-based bank out of Chicago and a subsidiary of a Canadian financial institution. They offer a nice bonus on an online savings account that does not require a direct deposit.

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.

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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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