First National Bank of NWA: A $200 or $250 Bonus for Arkansas Residents

Hey there! If you're in Arkansas and looking for a straightforward bank bonus, First National Bank of NWA has a couple of offers worth a look. They're not the flashiest bonuses out there, but they're solid, regional deals with clear requirements. Whether you need a new personal account or are setting up shop for a small business, there's a cash incentive on the table. Let's break down what you need to know to grab that extra cash.

Who Can Grab This Bonus?

This offer is specifically for new customers. If you or your business already have a checking account with First National Bank of NWA, you're out of luck. The bank is also clear that you can't have gotten a bonus from them for opening a checking account in the last year.

It's crucial to remember that only the primary account owner—the person whose Social Security Number is on the account—is eligible for the bonus. So, if you're thinking of opening a joint account, only the primary holder qualifies. Also, bank employees are excluded.

Your Step-by-Step Guide to the Cash

The process is pretty standard for a bank bonus, but attention to detail is key. First, you absolutely must use the promo code 'NEW2YOU' when you apply. If you forget, you likely won't get the bonus, and customer service might not be able to add it later.

Once your account is open (with that minimum $50 deposit), the clock starts ticking. You have your first four statement cycles—roughly four months—to get a direct deposit set up. The bank doesn't specify a minimum deposit amount in the main offer details, which is a bit of a gray area. It's always safer to aim for a payroll or government benefits deposit rather than a small transfer from another bank.

You also need to enroll in online banking and opt for paperless e-statements. This is usually easy to do and helps you avoid any potential paper statement fees.

• Apply online or in-branch using promo code NEW2YOU by Dec. 31, 2025.
• Fund the new account with at least $50.
• Set up a qualifying direct deposit within 4 statement cycles.
• Enroll in online banking and choose e-statements.
• Keep the account open and in good standing.

What to Watch Out For

While the bonus is attractive, there are a few potential pitfalls. The biggest question mark is what exactly counts as a 'direct deposit.' The offer materials don't define it. To be safe, plan to use a traditional employer payroll deposit or a regular government payment (like Social Security). A transfer from PayPal, Venmo, or another bank might not trigger the bonus.

Also, be prepared for a credit check. The source material notes it's unclear if this will be a 'hard' or 'soft' inquiry on your credit report. A hard pull can temporarily ding your credit score a few points. If you're about to apply for a major loan, you might want to time this carefully.

Finally, remember the bonus is taxable income. The bank will send you a 1099-INT form, and you'll need to report it on your taxes next year.

When and How You'll Get Paid

Patience is required here. The bank will check if you've met all the requirements after that four-statement-cycle period ends. If you have, they'll deposit the bonus money into your new account within the following 30 days.

A critical rule: your account must still be open when they try to make that deposit. Don't meet the requirements and then immediately close the account, or you'll forfeit the bonus. Also, letting your account sit at a zero balance might lead the bank to close it automatically, which would also void your bonus.

Bottom Line

• A solid regional bonus for Arkansas residents, but clarity on the direct deposit requirement is essential.
• Perfect for someone opening their first business account or looking for a new personal bank in the area.
• The long deadline (end of 2025) gives you plenty of time to plan, but don't wait until the last minute.

Common Questions