Truist Checking Bonus Updates
Update on January 22, 2023 – Truist has now increased the bonus to $400 and is valid till April 14, 2023. New promo code is CHKQ123TRUIST1
Truist Bank is offering a $200 bonus for opening new Truist One Checking account and having two direct deposit totaling $1000 or more within the first 90 days. Offer valid till 12/30/2022.
Truist Bank used to offer Truist Bright, Truist Fundamental and Truist Dimension checking account but they seem to have moved to two checking accounts – Truist One Checking account and Truist Confidence Checking account. Truist One Checking account has no overdraft fees and also provide a buffer for up to negative 100. It is, however, a non interest bearing account.
Truist Bank is now offering a $300 bonus for opening new personal Truist Bright, Truist Fundamental or Truist Dimension checking accounts from 4/1/22 through 07/14/22. The offer is available online as well as Truist bank branches. To be eligible, you need to open the checking account and set up and completing at least two qualifying Direct Deposits totaling $500 or more within 90 days of account opening.
Bonus is available to residents of states – AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC.
Truist Bank was established via a merger of BB&T and SunTrust Bank. You are not eligible for the offer if you already have a account with either of those banks.
Truist Checking Account Bonus Summary
Bonus – $200
Account – Truist One Checking account
Direct Deposit – 2 direct deposits totaling $1,000 or more within 90 days
Availability – [AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC] Online as well as Truist branches.
Offer Expiry – December 30, 2022
Account Fees – $12, waivable (See below on how to avoid it)
- Open the Truist One Checking® account online using the link and promo code “TRUIST1CHKQ422”
- Fund the account with $50 (Minimum opening deposit)
- Get two qualifying direct deposits totaling at least $1000 within 90 days of account opening
- Receive your money within 4 weeks.
Checking Account Fee | How to Avoid It?
Truist One Checking – Monthly Fee of $12
To avoid it:
- Get monthly direct deposits over $500, OR
- Have $500 average ledger balance across any Truist accounts, OR
- Have a personal Truist credit card, mortgage or consumer loan, excluding LightStream, OR
- Be a student under the age of 25, OR
Have a linked Small Business Checking Account
Early Account Termination Fees
There is no mention of early termination fees. Any account not in good standing, closed, or with a balance <$0 at the time of qualification review will not receive a reward.
The Fine Print
- Offer Information: Earn $200 for opening a new personal Truist One Checking account from 9/30/22 through 12/30/22 and receiving at least 2 qualifying Direct Deposits* totaling $1,000 or more within 90 days of account opening. Enrollment in the promotion is required at the time of account opening using promo code TRUIST1CHKQ422. Please refer to the Account Opening and Enrollment section below for instructions.
- Offer Eligibility: Offer is only available to individuals who received a direct communication from Truist. Clients with an existing personal checking account with Truist or who have closed an account with Truist on or after 9/30/21 are not eligible to participate. Account holder must be 18 or older at the time of account opening. Truist employees are not eligible. Offer available only to US residents with a valid US taxpayer identification number. The qualifying checking account must be opened in a Truist branch in one of the following states or online and have a mailing address in: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC.
- Reward Processing: The reward will be deposited into the new checking account within 4 weeks of verifying the Direct Deposit qualification requirement. Promotion is only applicable once per checking account and per client. Truist may report the value of any offer reward received to the IRS as required by law. Any applicable taxes are the responsibility of the recipient.
- Reward Forfeiture: The new checking account must remain open and in good standing with a balance ≥$0.01 until the reward is processed in order to receive the reward. Reward forfeiture will occur if: (1) the checking account is changed to an account type not included in this client offer, (2) the checking account is closed prior to the reward being processed, or (3) the new checking account has a negative available balance at the time of qualification validation.
Truist had offered $500 bonus during the first quarter of 2022 but has not reduced the bonus to $300 during the second quarter. It did not offer any sign up bonus for most of third quarter of 2022. This is an average bonus with average requirements, comparable to sign up bonus from most big banks.