First South Financial Promotions: $75, $1000 Checking, Business, Referral Bonuses (TN)

Find all First South Financial promotions, bonuses and offers here.

Update 10/10/24: The $1000 business checking bonus has been extended through 10/31/24 and the $75 bonus extended through 12/31/24.

First South Financial Promotions Review

First South Financial is headquartered in Bartlett, Tennessee and it was founded in 1957. Since then they have grown to 17 locations and boast an A+ health rating.

I’ll go over First South Financial promotions below.

First South Financial $1,000 Business Checking Bonus

• What you’ll get: $1,000 bonus
• Availability: TN (Bank Locator)
• Direct Deposit Requirement: Yes
• Credit Inquiry: Hard Pull
• Monthly Fees: None
• Early Termination Fees: None listed, check with CSR for more information
• How to earn it:
  • Open a NEW Business checking account and deposit $50,000
  • Maintain at least $50,000 daily balance for the first 3 full statement cycles
  • Conduct 20 qualifying transactions within the first 3 full statement cycles

(Expires 10/31/2024)

You can also access the offer at this link.

First South Financial $75 Direct Deposit Bonus

• What you’ll get: $75 Direct Deposit bonus
• Availability: TN (Bank Locator)
• Direct Deposit Requirement: Yes
• Credit Inquiry: Hard Pull
• Monthly Fees: None
• Early Termination Fees: None listed, check with CSR for more information
• How to earn it:
  • Get a $75 bonus when your qualifying direct deposit posts to your First South account!
  • Must be the full amount of your net pay or benefits and most post by 10/31/24.
  • $75 will be paid 3 to 4 business days after the direct deposit posts.

(Expires 12/31/2024)

First South Financial $25 Referral Bonus

• What you’ll get: $75 Referral bonus
• Availability: TN
• Direct Deposit Requirement: No
• Credit Inquiry: Hard Pull
• Monthly Fees: None
• Early Termination Fees: None listed, check with CSR for more information
• How to earn it:
  • Refer your friends and family to us and you’ll both get $25 when they open an account with us.

(Expires 06/30/2024)

First South Financial $200 Checking Bonus (Expired)

• What you’ll get: $200 bonus
• Where it’s available: TN
• Direct Deposit Requirement: Yes
• Credit Inquiry: Hard Pull
• Monthly Fees: $12; waivable
• How to earn it:
  • Open a new checking account with a $50 minimum deposit
  • Set up regularly a recurring monthly direct deposit of $500 or more.
  • The $200 bonus will be paid in two increments – $50 will be paid 3 to 4 business days after the first qualifying direct deposit posts and the remaining $150 will be paid 30 to 45 days after all qualifications are met.

(Expires 09/30/2023)

How to Avoid Monthly Fees

• Student Checking: None
• Student First: None
• Standard Savings: None
• Student Savings: None
• Youth Savings: None
• Club Savings: Not Listed
• Standard Checking: $12 monthly fee. Maintain a $200 minimum balance to avoid the monthly account fee
• Anywhere Checking: $12 monthly fee. Maintain a $200 minimum balance to avoid the monthly account fee
• Savings Plus: $12 monthly fee. Maintain a $200 minimum balance to avoid the monthly account fee
• Money Market: $15 monthly fee. Maintain a $2,500 minimum balance to avoid the monthly account fee
• Health Savings: $3.95 monthly fee.

Author’s Verdict

While this is an incredibly easy promotion to meet, opening accounts at First South Financial has been reported to harm your credit. Thus we suggest you apply at your own risk. We thank our readers for letting us know.

For more current offers, check out our bank bonuses page. Compare First South Financial rates for CDs and Savings with our best rates for Savings and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.