SunTrust Bank $200 Bonus for New Business Checking Accounts (Select States)

SunTrust Bank has a new business checking account bonus of $200. Requirements are easy and there’s no monthly fees, but this offer is available only in a few states.

Bonus Requirements

To earn the $200 bonus:

  • Open an eligible account online with code SB19Q2CHECKING between April 2, 2019 and July 1, 2019
    • Simple Business Checking
    • Primary Business Checking
    • SunTrust Business Advantage Plus
  • Within 30 days of opening the new eligible business checking account, you must make cumulative qualifying deposits of $1,500 or more into your new account.

After meeting all requirements, bonus will be deposited within 8 weeks.

Fees

Simple Business Checking is the best option. This account has no balance requirement and the monthly maintenance fee is waived for the first 12 statement cycles. Make 5 debit or credit transactions per month to waive the monthly maintenance fee after that. If you do get charged a fee, remember to always ask for a refund at least for the first charge.

Must keep account open for 180 days.

Eligibility

You must be a new SunTrust business checking client. Must not have have an existing SunTrust business checking account with the with the same Taxpayer Identification Number (TIN).

The business client cannot have closed a business checking account within 180 days of the promotion start date (on or after 10.04.2018).

Business must be registered within the U.S. with the account’s mailing address in Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia or the District of Columbia and have a valid U.S. TIN or EIN.

Guru’s Wrap-Up

An easy bonus for those with a business. You can open the account online and deposit $1,500 to get the $200 bonus. Keep in mind that this is not the best offer we have seen. They offered $400 back in 2016, but with more requirements. The Simple Business Checking that qualifies for this promotion, has no fees for the 6 months that you need to keep it open for this bonus.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.


Offer Details

  • Promo page
  • Account Type: Simple Business Checking
  • Promo code: SB19Q2CHECKING
  • Availability: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Washington D.C., and West Virginia
  • Expiration Date: 12/31/2018 4/1/2019 7/1/2019
  • Inquiry Type: Soft pull
  • Opening Deposit Credit Card Funding: Yes up to $1000
  • Direct Deposit Requirement: No
  • Other Requirements: Deposit $1,500 within 60 days
  • Monthly Fee: None for a year
  • Closing Account Fee: Must keep it open for 180 days to receive bonus

If you find a bank bonus, email to me, so I can share it with other readers.

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