Many of you might not have heard of First Horizon Bank since it is not national. However, Founded in Memphis, TN, in 1864, it is one of the oldest state-chartered banks and has over 400 branches in 13 states. As of December 31, 2023, First Horizon Bank had $81.7 billion worth of deposits.
To help drive new business, they frequently offer cash bonuses for opening accounts.
Below are all the current First Horizon Bank bonuses currently being offered.
First Horizon Bank Promotions for October 2024
First Horizon BizEssentials Checking Account – up to $800 cash bonus
If you have a small business, you can earn a cash bonus by signing up for any First Horizon BizEssentials checking account and completing the following requirements before December 31, 2024.
- Earn $400 when you deposit $5,000 into the new BizEssentials Checking account within 15 days of the account opening. You must maintain a $5,000 balance for the first 3 full statement cycles.
- Earn $800 when you deposit $25,000 into the new BizEssentials Checking account within 15 days of the account opening. You must maintain a $25,000 balance for the first 3 full statement cycles.
- You must also make at least 20 qualifying transactions within the first 3 full statement cycles.
First Horizon BizEssentials Monthly Fees
Account | Monthly Maintenance Fee | How To Waive The Fee |
BizEssentials Checking | None | N/A |
BizEssentials Plus Checking | $15 | – Maintain an average daily ledger balance of $10,000 or more – Have a combined bank balance of $25,000 or more |
BizEssentials Interest Checking | $15 | – Maintain an average daily ledger balance of $10,000 or more – Have a combined bank balance of $25,000 or more |
How do First Horizon Bank promotions stack up against other banks?
If you’re not in an eligible state to receive a First Horizon Bank bonus, you could consider one of these bank bonuses instead.
Truist One Checking
Earn up to a $400 cash bonus when you complete qualifying activities.
Chase Total Checking
Earn a $300 bonus when you open a Chase Total Checking account and set up qualifying direct deposits.
BMO Smart Advantage Checking
Earn a $350 bonus when you sign up for a BMO Smart Advantage checking account and complete qualifying activities.