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 9/30/2024)

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).

U.S. Bank – up to $700

Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.

Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

👉 Click here to learn more


BMO Relationship Checking – $500 Cash

BMO Bank is offering a $500 Cash 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 new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer. 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

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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 Empower Personal Dashboard, 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.

>> 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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