Are you looking for a new checking account with the convenience of online banking? Hancock Whitney is offering a fantastic opportunity for new clients to earn a $200 bonus when you open a Freestyle Checking account and meet certain qualifying activities. This offer is designed to welcome new customers to experience the ease and benefits of Hancock Whitney Online Banking and their comprehensive financial services.
Eligibility and Requirements for the $200 Freestyle Checking Offer
To take advantage of this limited-time promotion and receive the $200 bonus, it’s important to understand the eligibility criteria and the required qualifying activities. This offer is primarily for those who are new to Hancock Whitney checking accounts. Specifically:
- New Checking Clients: This offer is for individuals who are new to Hancock Whitney as checking account clients. This includes those who are entirely new to the bank or existing Hancock Whitney clients who do not currently have a checking account.
- Account Closure History: You are eligible if you haven’t closed a checking account with Hancock Whitney within the past 90 days. Additionally, you are also eligible if you have not had a checking account closed with a negative balance in the past 3 years.
- Promotional Code and Email: To participate, you must use the promo code you received when applying for the account. Ensure that the email address provided during the account opening process matches the email address you used to obtain the offer promo code. This ensures proper tracking and bonus disbursement.
- Account Approval: Like all bank accounts, the application for a Freestyle Checking account is subject to approval. Meeting the promotional requirements does not guarantee account opening.
Qualifying Direct Deposits Explained
A key requirement to receive the $200 bonus is setting up qualifying direct deposits into your new Freestyle Checking account. It’s crucial to understand what constitutes a “qualifying direct deposit” to ensure you meet this condition:
- Recurring Electronic Deposits: A qualifying direct deposit is defined as a recurring electronic deposit made by your employer or an outside agency. This includes regular income sources such as your salary, pension payments, Social Security benefits, or other government benefits. The deposit must be a consistent, monthly income amount.
- Non-Qualifying Deposits: Certain types of deposits are specifically excluded from being considered qualifying direct deposits. These include:
- Account transfers between your own accounts.
- Mobile deposits made through the Hancock Whitney mobile app.
- Payments received via peer-to-peer services like Zelle®, PayPal, or Cash App.
- Tax refunds.
- Deposits made in person at a branch or through an ATM.
It’s important to set up a qualifying direct deposit as described above to ensure you meet the requirements for the $200 bonus.
Freestyle Checking Account Terms and Conditions
Beyond the promotional offer, it’s essential to be aware of the standard terms and conditions associated with the Freestyle Checking account:
- Minimum Opening Deposit: A minimum deposit of $25 is required to open a Freestyle Checking account.
- Monthly Service Charge: The account has a monthly service charge of $10. However, this charge can be waived under several conditions:
- Age-Based Waiver: The monthly service charge is waived for primary account holders who are under 18 years of age or 64 years of age and over, provided a valid date of birth is on file with the bank.
- Relationship Banking: Eligible Priority Checking or Private Wealth Management clients are also exempt from the monthly service charge.
- Transaction-Based Waiver: You can also waive the monthly service charge by making just one or more client-initiated debit and/or credit transactions per statement cycle. This could be as simple as using your debit card for a purchase or making an online bill payment.
- Early Account Closure Fee: If you close your Freestyle Checking account within the first 180 days (approximately six months) of opening, a $20 service charge will be applied. Additionally, Hancock Whitney reserves the right to deduct the $200 bonus amount from your account’s closing balance if it has already been paid out.
- Zelle® Integration: Hancock Whitney online banking includes access to Zelle®, a convenient service for sending and receiving money with people you trust. It’s important to use Zelle® responsibly and only for transactions with people you know. Payments made through Zelle® are typically processed quickly, and it may not be possible to reverse a payment once authorized.
- Overdraft (OD) Fees: Be mindful of overdraft fees. Hancock Whitney may charge a fee of $36.00 per item for Non-Sufficient Funds (NSF) items created by checks, in-person withdrawals, or other electronic means that overdraw your account. While overdraft protection services are available, it’s best practice to manage your account balance to avoid overdrafts. Note that OD fees may be waived for small amounts under specific conditions, as detailed in Hancock Whitney’s Truth in Savings Disclosure and Deposit Agreement.
Embrace Hancock Whitney Online Banking
This Freestyle Checking account offer is a great incentive to explore the benefits of Hancock Whitney online banking. With convenient digital tools and a potential $200 bonus, now is an excellent time to open a new checking account. Remember to review all terms and conditions and ensure you meet the qualifying activities to receive your bonus and enjoy seamless online banking services with Hancock Whitney.
Please refer to the Truth in Savings Disclosure and Deposit Agreement from Hancock Whitney for complete details on fees, terms, and conditions.
