If you live in Arkansas or Texas and are near a Texana Bank branch, there's a solid $500 bonus waiting for you. It's not often you see a community bank throw out an offer this generous, but here we are. The catch? You'll need to set up direct deposit within the first 30 days, and the bonus amount scales with how much you deposit. Let's break it down so you know exactly what to do.
How the Bonus Tiers Work
The bonus isn't a flat $500 for everyone—it's tiered based on your direct deposit amount. If you can swing a $5,000 or more deposit within the first 30 days, you'll get the full $500. But even if you can't hit that top tier, you'll still walk away with something: $100 for $1,000–$2,499, or $250 for $2,500–$4,999. Just note that deposits under $1,000 won't earn you a bonus.
The bank defines "direct deposit" pretty broadly, so payroll, government benefits, or pension payments should all count. If you're not sure, check with a branch associate before you open the account.
What to Watch Out For
First, you must open the account in person at a Texana Bank branch. That's a bit old-school, but it's the rule. Also, you need to live within about 60 miles of a branch—so if you're in rural Arkansas or Texas, you're probably fine, but out-of-staters are out of luck.
There's no early termination fee listed, but it's always smart to keep the account open for at least a few months after the bonus posts. And don't forget the monthly fee waiver: keep your balance above $1,500, sign up for e-statements, or make 10 Visa debit transactions per month to avoid any charges.
Can You Get More Than One Bonus?
Yes, but with limits. You can open up to two accounts per household and earn a bonus on each. So if you and a partner each qualify, you could potentially snag $1,000 total. Just remember: one bonus per account, and you can't double-dip on the same account.
Bottom Line
- Open a new checking account at a Texana Bank branch in AR or TX.
- Set up direct deposit of at least $1,000 within 30 days to qualify for a bonus.
- Deposit $5,000+ to earn the full $500 bonus.
- Bonus is paid 30 days after account opening.
- No monthly fee if you meet the waiver conditions.
Common Questions
Can I open the account online?
Texana Bank's official page says you must open in branch. However, they also mention an online application for new Texana Checking accounts—so check with the bank to confirm your options.
What counts as direct deposit?
Typically, payroll, government benefits, and pension payments. Other recurring electronic deposits may also qualify—ask a branch associate to be sure.
Is there a minimum balance to avoid fees?
Yes. You can avoid the monthly fee by keeping your balance above $1,500, signing up for e-statements, or making 10 or more Visa debit transactions per month.
Comments (0)
No comments yet. Be the first to share your thoughts!
Leave a Comment