[Expired] [LA, MS, FL, AL, TX] Hancock Whitney Bank $300 Checking Bonus


Update 2/13/21: Deal is back and valid until March 31, 2021. Hat tip to reader SamL

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: LA, MS, FL, AL, & TX only. In branch only [Branch locator]
  • Direct deposit required: Yes, $250+
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: No
  • Credit card funding: None
  • Monthly fees: $21
  • Early account termination fee: $20, 180 days (bonus forfeit)
  • Household limit: One (this is enforced)
  • Expiration date: March 31st, 2020

The Offer

Direct link to offer

  • Hancock Whitney Bank is offering a bonus of $300 when you open a Priority Checking account and complete the following requirements:
    • Receive a qualifying monthly direct deposit of at least $250 by 12/31/2020

The Fine Print

  • Checking Promotion Requirements: Bring the promo code referenced above to your nearest financial center or apply online and open a new Priority Checking account with money not currently on deposit at Hancock Whitney Bank by the offer expiration date of 3/31/2020.
  • The promo code is required at account opening.
  • The following criteria must be met by 5/31/2020: set up and receive a qualifying monthly direct deposit of at least $250 per deposit.
  • A qualifying direct deposit includes a salary, pension, social security or other recurring, monthly income amount of $250 or more, electronically deposited by your employer or outside agency.
  • Transfers from one account to another or deposits made at a financial center or ATM do not qualify.
  • Limit of one new consumer checking related bonus per household per calendar year.
  • The Bank may change or discontinue the offer at any time and without notice.
  • This offer is non-transferable and cannot be combined with other offers.
  • The email given at account opening must match the email address submitted to get the offer promo code.
  • If your account meets the criteria, and remains open and active, we will deposit the earned bonus into your new Priority Checking account within 6 weeks after the qualification period of 5/31/2020.
  • Bonuses may be considered interest and may be reported on IRS Form 1099.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Priority Checking account has a $21 monthly fee, this is waived if you do one of the following:

  • a minimum daily collected balance of $10,000 or more;
  • $25,000 in combined deposits (excluding CDs and IRAs) or consumer loans (excluding mortgages) or credit card balances;
  • $250,000 or more in a Trust account or account (excluding annuities) with Hancock Whitney Investment Services.

Early Account Termination Fee

$20 fee is charged for each account if the account is closed within 180 days. Looks like you might also forfeit the bonus.

Our Verdict

There was a previous $500 deal. That required the same account, normally the $300 bonuses only require the silver checking account that is easier to keep fee free. Because of that I wouldn’t recommend doing this bonus, either wait for the bigger bonus to return or wait for a $300 bonus that is easier to keep fee free.

Useful posts regarding bank bonuses:

Post history:

  • Deal has been extended until December 31, 2020. But there is now a $300 bonus.
  • Update 7/18/20: Terms say this ended on 6/30, but if you e-mail yourself a promo code it says valid thru 9/31/20. I’m guessing they just forgot to update the fine print. Hat tip to reader BlaseBB
  • Update 3/31/20: Extended until 6/30/20

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