Update 3/24/26: Offer valid until May 30, 2026
The offer is extended until July 31, 2025
Update 11/23/19: The bonus is now $200 + entry into the Grizzmas floor seat drawing. Hats off to him Samantha
Update 1/8/22: The deal is back. Hat tip to reader Andrew D
Offer at a glance
- Maximum bonus amount: $200 Mastercard Gift Card
- Availability: Apparently just TN, but the reader who sent it tried a fake address in Alaska and it seemed to accept it YMMV? Update: Apparently they are requiring most people to go to a branch to verify identity, so make sure you have a branch not too far away (Branch finder)
- Direct deposit required: Yes, it must be full salary or government benefits
- Additional requirements: Minimum opening deposit of $100+
- Hard/soft pull: Unknown
- ChexSystems: Unknown, Sensitive ChexSystems
- Credit card financing: ANY
- Monthly fees: $3, avoidable
- Early account closure fee: ANY
- Family boundary: A
- Expiration date: Direct deposit must be posted and cleared
June 30, 2020 July 31, 2020August 31, 2020February 28, 2021
Offers
- Pinnacle Financial Partners offers a checking bonus of up to $200 gift Mastercard when you complete the following steps:
- Open the account online or in branch
- Make a minimum deposit of $100
- Set up a recurring direct deposit of your full paycheck (or government benefits) into your new account. A recurring direct deposit must post and clear your account by March 1, 2024
Fine Press
- Offer expires August 31, 2018.
- This offer is for new Pinnacle checking households, or households that have not had a Pinnacle consumer checking account open for at least 24 months.
- Limit one bonus per household. Cannot be combined with other offers.
- Must be 18 years of age or older at time of account opening.
- Offer is not transferable.
- The account is subject to approval.
- To receive the $200 Mastercard® Gift Card, you must (1) open your account with $100 and (2) have at least one recurring direct deposit posting and clear your account before August 31, 2018.
- Direct deposit is a recurring electronic deposit and must be your full paycheck or government benefits.
- The Mastercard gift card will be mailed to you via USPS within 2-4 weeks of qualifying requirements being met.
- Mastercard is a registered trademark of Mastercard International Incorporated.
- Please note: There is a monthly inactivity fee of $2.95 after 12 months of inactivity on your Mastercard gift card.
- The bonus will be reported as income on IRS Form 1099-INT and is valued at a total of $200.
Avoidance of fees
The easiest account to maintain with no fees is the Grizzlies Basic Checking Account, this has a $3 monthly service fee that is waived with eStatements. Fee schedule says there is no early account termination fee.
Our verdict
Previously they offered $100 Grizzlies tickets OR $200 gear for titans. This deal is much better since the $200 gift card is much more flexible. We need to know if it’s an easy withdrawal to open and how flexible they are on the direct deposit requirement (eg does a work around work?) before we know if this is a good deal or not. Maybe it’s possible to finance with a credit card too? If anyone knows or has any experience with this bank, please share in the comments below. For now I won’t add it to the best bank bonuses because of all the unknowns, but it has the potential to be a good deal.
Big thanks to reader Josh H for tipping us off. Learn how to find bonuses and contribute to the site here.
Useful posts about bank bonuses:
Post History:
- Update 5/2/20: Offer is back and valid through June 30, 2020.
