First Horizon Bank Bonus: $450 Checking, $800 Biz 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.

🔁Updated June 2024 with the latest details for the promotion, which stayed at $450 cash but now you just have a direct deposit requirement, no debit card use requirement. Next expiration date is 9/15/2024.

First Horizon Checking Bonus – $450 [EXPIRED]

Editor’s Note: As of September 16th, 2023, First Horizon is no longer offering this new account bonus. For other bank bonuses, check out our post on the best bank bonuses and promotions or click here to sign up for our email newsletter and get notified of new bank promotions.

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 $1000 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.

👉 Learn more about this offer

(Offer expires 9/15/2024)

First Horizon BizEssentials – up to $800 [Targeted]

If you run your own business and received a mailer, you could get up to $800 if you meet a few conditions.

For the $800 bonus, you must:

• Deposit $25,000 into the new BizEssentials Checking account within 15 days of the account opening.
• Maintain at least a $25,000 collected daily balance for the first 3 full statement cycles.
• Conduct 20 qualifying transactions within the first 3 full statement cycles.

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 25,000 collected daily balance for the first 3 full statement cycles.
• Conduct 20 qualifying transactions within the first 3 full statement cycles.

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 an 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.”

👉 Learn more about this offer

(Offer expires 6/30/2024)

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: