Offer at a glance
- Maximum bonus amount: $400/$800
- Availability: Offer only available in The Woodlands, Texas
- Direct deposit required: Says ACH
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: $0-$25, avoidable
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: May 31st, 2025
The Offer
- Bank of Texas is offering a $400/$800 bonus when you open a new checking account and complete the following requirements:
- Use promo code TEXOFR
- $800 with Premier Checking account. Qualify for the bonus by having an aggregate of at least $1,500 in ACH deposits within the first 90 days of account opening, and maintaining a monthly average balance of $10,000 or higher
- $400 with Access Checking. Qualify for the bonus by having an aggregate of at least $1,500 in ACH deposits within the first 90 days of opening your Access Checking account.
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Premier checking has a $25 monthly fee. For each statement cycle that one of the following requirements of average daily balances are met, you’ll avoid the $25 monthly service fee:
- $25,000 or more in linked bank deposit accounts (checking, savings, CDs, FDIC-insured IRAs)
- or $50,000 or more in any combination of qualifying linked banking, brokerage (available through BOK Financial Advisors – excluding 529s and managed trusts) and 10% credit balances (mortgage, HELOC, PLOC, auto loan & personal loan – excludes small business loans). Accounts are not automatically linked. Please notify your banker which accounts should be linked.
Early Account Termination Fee
Wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Don’t think the $800 bonus is worth doing as it’s difficult to keep the account fee free and trigger the bonus. $400 bonus may be worth it. It’s also unclear how strict the location restriction is as well.
Hat tip to Bockrr
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times