Suntrust Bank Bonus, Get $200 with New Checking Account (Select States)

April 2, 2020

Suntrust Bank Bonus, Get $200 with New Checking Account

SunTrust Bank has a new checking account bonus that can net you $200 in cash. This Suntrust Bank bonus is available only in a few states until June 30, 2020.

Offer

To earn $200, open a new SunTrust Essential Checking account. Then:

Within the first three full months after opening the account, complete at least $500 in Direct Deposits, per statement cycle, for two consecutive cycles.

Valid April 1, 2020 to June 30, 2020. Enrollment in the promotion with promo code Q220ESSENTIAL is required at the time of account opening. The reward will be deposited into your new account up to 8 weeks after all qualifications have been verified.

Fees

Essential Checking has a $7 monthly fee that is waived with the following options:

Making 10 or more client-initiated transactions per statement cycle⁷ OR
Making $500 or more in total qualifying monthly Direct Deposits per statement cycle⁸ OR
Keeping a $500 minimum daily collected balance OR
Opening as a student and receive a 5 year Student waiver⁹

If you do get charged a fee, remember to always ask for a refund at least for the first charge.

Eligibility

You must not have closed a personal checking account within 180 days of the promotion start date.

The checking account must be opened online with, and the client must have, an address in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia.

Guru’s Wrap-Up

You need to make $500 in direct deposits for two months out of the first three. The account also comes with a $7 monthly fee that is waived with that $500 deposit. There’s also optional Delta SkyMiles World Debit Card with an annual fee of $95. It earns 5,000 bonus miles after first purchase and 1 mile for every $2 spent up to $4K monthly. Used to be one miles per dollar before.

Previously this bonus was $300, but required $3K in direct deposits and also $3K to keep the account fee-free. Now the bonus is easier, but also $100 less.

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

Offer Page
Account Type: Advantage Checking
Promo code: Q220ESSENTIAL
Availability: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Washington D.C., and West Virginia
Expiration Date: ~~3/31/2020~~ 6/30/2020
Inquiry Type: Soft pull
Opening Deposit Credit Card Funding: Yes up to $1000
Direct Deposit Requirement: $500 2x within 3 months
Monthly Fee: $7 (you can waive it)
Closing Account Fee: $25 if closed within 6 months