Snag a $200 Bonus from South Central Bank in Kentucky (But There's a Catch)

If you're in Kentucky and looking for a straightforward bank bonus, South Central Bank has a $200 offer on the table. It's not the biggest bonus out there, but the requirements are pretty clear. The main thing to know? You have to visit a specific branch to get it. Let's break down what this promotion involves and whether it's worth the trip.

The Fine Print You Need to Read

This isn't an online application deal. To qualify, you must physically open the account at the bank's Franklin location in Kentucky. Once you're there and the account is open, the clock starts ticking.

You'll have 90 days to arrange for qualifying direct deposits totaling at least $2,000. The bank is specific about what counts: recurring electronic deposits from an employer, government agency (like Social Security), or a similar third-party organization. What doesn't count? Pretty much everything else you might try—transfers from another bank, cash advances, wire transfers, or mobile check deposits won't move the needle.

After you hit the direct deposit target, you need to keep the account in good standing for a full 90 days. That means no negative balances and no bounced payments. If you manage that, the $200 should land in your account within two weeks.

Is This Account Worth Keeping Open?

The Green Tree Checking account comes with a $7 monthly service fee. The good news is you can knock that down to zero. Sign up for paperless eStatements to save $4, and make at least 15 debit card purchases each month to shave off another $3.

Beyond the bonus, the account packs some surprising perks. You get access to telehealth services, dark web monitoring, and even some cell phone protection if you pay your bill from this account. There's also a roadside assistance benefit and a credit score tracker. For a regional bank, that's a pretty robust package.

Just remember, this is a checking account, so don't expect high interest. The APY is minimal and requires a $1,000 minimum balance to earn anything at all.

Practical Advice & Potential Pitfalls

Here's the real talk. The geographic restriction is the biggest hurdle. If you don't live near or regularly travel through Franklin, Kentucky, this offer is a non-starter. Factor in the time and gas for a branch visit.

Plan your direct deposits carefully. Make sure your payroll or benefits provider can send the full $2,000 within the three-month window. Don't assume a one-time transfer from an online bank will work—it almost certainly won't.

Mark your calendar. You need to open the account by Halloween 2025. The 90-day requirements start from your opening date, so don't wait until the last minute. Also, set a reminder for about 95 days out to check that the bonus posted. If it doesn't, you'll need to follow up with the bank.

• Location is key: Must open in person at the Franklin, KY branch.
• Direct deposit definition is narrow: Only recurring electronic income deposits qualify.
• Watch the timeline: 90 days for deposits, then another 90 days to keep the account open.
• Avoid fees: Use your debit card 15 times a month and go paperless to eliminate the $7 monthly charge.
• Existing customers need not apply: This is strictly for new checking account holders.

Bottom Line

• A solid $200 bonus with clear, achievable requirements if you live in the area.
• The mandatory in-person branch visit is the most significant barrier for most.
• The associated checking account has useful perks and an easily waivable monthly fee.
• Perfect for someone in Southern Kentucky looking for a new local bank with a sign-up incentive.

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