First Tennessee Bank is offering a $150 cash bonus offer to brand-new customers just for opening an eligible bank account, making use of free mobile financial and setting up direct deposit.

The deal

To receive this $150 bonus, you can either apply for an account online through this promotional page or by visiting your regional First Tennessee Bank financial center with a printed copy of the offer certificate obtained from this advertising page.

To qualify for the $150 incentive, you should log into Mobile Financial a minimum of one time and have at least one direct deposit post to your account within the first 60 days of account opening. The perk will be transferred within 6 weeks of fulfilling all the requirements. Note: offer is only offered to brand-new customers who’ve proof of residence in one of the following states: TN, MS, VA, GA, NC, AR or AL.

The minimum opening deposit’s $300. The offer expires Dec. 31, 2014.

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The account

The deal is valid on First Tennessee Express Checking, Classic Checking, Select Checking and Premier Checking. The monthly service fee are $5, $6, $9, and $9, respectively. Monthly maintenance costs will be waived for all accounts except for the Classic Bank account when the requirements are satisfied.

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First Tennessee Bank: $150 Cash Bonus for New Checking Account (Dec. 2013)