Note: Offer says reserved for select LegacyTexas clients and fine print states ‘available to current LegacyTexas clients only’. So it’s likely targeted towards existing LegacyTexas members.
Offer at a glance
- Maximum bonus amount: $200
- Availability: TX only and must be a LegacyTexas client
- Direct deposit required: Yes, $300+
- Additional requirements: None
- Hard/soft pull: Soft
- ChexSystems: Yes
- Credit card funding: None
- Monthly fees: No
- Early account termination fee: None
- Expiration date: March 31st, 2019
The Offer
- LegacyTexas is offering a bonus of $200 when you open a new checking account and complete the following requirements:
- Have qualifying direct deposits of at least $300 into the account within 90 days of account opening
The Fine Print
- $200 cash bonus available to current LegacyTexas clients only who open a new LegacyTexas Maximum Checking account between February 8, 2019 and March 31, 2019
- . Limited to one per account.
- Offer not available to existing LegacyTexas personal checking account clients or those who have closed a LegacyTexas personal checking account within 12 months of opening a new account as part of this promotion.
- LegacyTexas reserves the right to amend or cancel any part of this offer.
- To receive cash bonus, you must meet the basic requirements to maintain Maximum Checking, receive recurring ACH direct deposits totaling $300 or more each month AND meet these requirements within 60 days of opening.
- If qualifications are met, cash bonus will be credited to your account 90 days after opening. Account must be open and in good standing to receive cash bonus.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There are no monthly fees or minimums on this account. Keep in mind you need to receive a monthly direct deposit or use online bill pay to make one bill payment per month otherwise your account can be downgraded.
Early Account Termination Fee
According to this comment there is also no early account termination fee.
Our Verdict
We’ve seen bonuses of $150-$250 before. It’s a shame this is likely a targeted promotion, otherwise I would add it to our list of the best checking bonuses. If anybody decides to sign up, then please share your experiences in the comments and let us know if it’s actually targeted or not.
Big thanks to reader, EW & Doc_Liker who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
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