First National Bank of Fort Smith: Grab a $200 or $250 Bonus for Opening a New Account

If you're in Arkansas or Oklahoma and looking for a straightforward bank bonus, First National Bank of Fort Smith has a solid offer on the table. It's not the flashiest promotion out there, but sometimes a simple, clear-cut deal is exactly what you need. You can snag $200 for a personal checking account or $250 for a business account, and the requirements are refreshingly uncomplicated. Let's break down what you need to do and what you should keep in mind before applying.

What You Need to Do to Get the Cash

The process is pretty standard for a bank bonus, which is a good thing. It means there are fewer surprises. First, you need to be a new customer. If you've ever had a primary checking account with them before, you're out of luck. The same goes if you've gotten a bonus from them in the last year.

Here's your checklist: head to their website or a branch before the end of 2025, use the promo code NEW2YOU when you apply, and open either a personal Access Checking or a Basic Business Checking account. You'll need $50 to get started.

Once the account is open, the clock starts ticking. You have your first four statement cycles—essentially about four months—to get a direct deposit set up into that new account. You also need to sign up for online banking and opt for paperless e-statements, which is smart anyway to avoid any potential fees.

The Fine Print You Don't Want to Miss

While the offer is straightforward, a few details are crucial for success. The bank is specific about who the 'primary owner' is—it's the person whose Social Security Number is on the account. So, if you're thinking of opening a joint account, only that primary person qualifies for the bonus.

The direct deposit requirement is the big one. The source material isn't crystal clear on what exactly counts, which is common with regional banks. Your safest bet is a payroll deposit from an employer. Other types of transfers, like from PayPal or Venmo, often don't trigger the bonus. If you're unsure, it's worth calling the bank directly to ask before you commit.

Also, remember this is taxable income. Come tax time, the bank will send you a 1099-INT form for the bonus amount, and you'll need to report it. It's not a huge deal, but don't be surprised when the form arrives.

Is This Bonus Right For You?

This is a great offer if you live in its service area and were already planning to switch banks or open a new business account. The requirements are manageable, and the bonus hits your account relatively quickly after you complete the steps—within 30 days after your qualification period ends.

However, it's a very regional offer. If you don't live in Arkansas or Oklahoma, you're simply not eligible. Also, if you're a bonus chaser who opens accounts frequently, note that the bank will likely check your ChexSystems report. While the source doesn't specify if it's a hard or soft credit pull, any new account application can affect your banking history.

My practical advice? If you qualify and need a new checking account, this is a nice chunk of change for minimal effort. Just make sure you can reliably route a direct deposit there for a few months. And as always, read the full terms on the bank's official page before you click 'submit.'

Bottom Line

• A $200/$250 bonus is a solid reward for a simple account switch in AR or OK.
• The direct deposit requirement is key; confirm what types of transfers qualify.
• Remember to use the promo code NEW2YOU during application—it's mandatory.
• The bonus is considered interest income, so you'll pay taxes on it.

Common Questions