SunTrust Bank has a new checking account bonus that can net you up to $300. There’s three different bonuses, depending on which account you open.
- $100 Earned when you open Essential Checking
- $200 Earned when you open Select Checking
- $300 Earned when you open Signature Advantage
Accounts must be opened by March 30, 2017.
The requirements are the same, regardless which account you pick:
- Deposit at least $100 within 14 days of account opening
- Complete at least $500 in Direct Deposits within 60 days
- Make at least 10 debit card purchases within 60 days
Reward will be credited to the new checking account up to 8 weeks after all qualifications are met
Offer valid for new SunTrust personal checking clients only. Account must be opened online with promo code Q117CHKNG123OL OR at a branch. When you open one online make sure the promo code is entered on the first page of the application and then “Yes” is selected to enroll in the offer in the following page.
All three accounts come with fees:
- Essential Checking – $7 Monthly Fee. Waived with follwing:
- Make 10 or more client-initiated transactions per statement cycle OR
- Make $500 or more in total qualifying monthly Direct Deposits per statement cycle OR
- Keep a $500 minimum daily collected balance OR
- Open as a student and receive a 5 year Student waiver
- Select Checking – $15 Monthly Fee. Waived with follwing:
- Make $2,000 or more in total qualifying Direct Deposits OR
- Keep a $2,000 minimum daily Select Checking balance OR
- Maintain $10,000 total combined relationship balances OR
- Hold a SunTrust First Mortgage with SurePay OR
- Hold a Linked Small Business Checking account
- Signature Advantage – $25 Monthly Fee. Waived with follwing:
- Maintain $25,000 in total deposit balances
If you do get charged a fee, remember to always ask for a refund at least for the first charge.
Who is eligible?
Current customers or customers who closed a personal checking account within 180 days of the promotion start date will not be eligible for the promotion.
The offer is available only to U.S. Residents with a U.S. Address in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Washington D.C., and West Virginia.
The highest bonus of $300 requires you to keep $25K in the account which is not feasible for some and even if you have it, you’ll be losing out on interest. The Select Checking account is probably the best option since it only requires a $2K balance. Keep in mind that there’s been better bonuses for the Select Checking account in the past, such as this $250 bonus.
- Apply Online Here or Print Coupon to Apply In Branch
- Account Type: Essential, Select or Signature Advantage
- Promo code: Q117CHKNG123OL
- Availability: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, Washington D.C., and West Virginia
- Expiration Date: 3/30/2017
- Inquiry Type: Soft pull
- Opening Deposit Credit Card Funding: Yes up to $1000
- Direct Deposit Requirement: $500 within 60 days
- Other Requirements: 10 debit card purchases within 60 days
- Monthly Fee: $7/$15/$25 see above
- Closing Account Fee: 25 if closed within 6 months