Truist $500 Checking Bonus [AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC]

Offer at a glance

• Maximum bonus amount: $500
• Availability: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC
• Direct deposit required: Yes, two qualifying Direct Deposits totaling $1,000 or more within 90 days of account opening
• Additional requirements: Use promo code
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: $12, avoidable
• Early account termination fee: None
• Household limit: None
• Expiration date: April 30, 2022

The Offer

Direct link to offer

• Truist is offering a bonus of $500 when you open a new checking account and complete the following requirements:
  • Use promo code TR1CHK22B
  • Complete two qualifying Direct Deposits totaling $1,000 or more within 90 days of account opening

The Fine Print

• Valid for new personal Truist Bright, Truist Fundamental or Truist Dimension checking accounts opened from 2/1/22 through 4/30/22. Enrollment in the promotion is required at account opening using promo code TR1CHK22B to be eligible for a promotion reward. Please refer to the Account Opening and Enrollment section below for instructions.
• Eligible products are limited to new Truist Bright, Truist Fundamental, or Truist Dimension checking accounts. Truist products may not yet be available at SunTrust now Truist branches at the start of the offer.
• A qualifying Direct Deposit is an electronic credit (greater than $0.00) of your salary, pension, Social Security or other regular monthly income deposited into your new checking account by your employer or outside agency. Transfers made from one account to another or deposits made via a branch, ATM, online transfer, mobile device, debit/prepaid card number or the mail are not eligible direct deposits.
• Clients with an existing personal checking account or who have closed a personal checking account on or after 2/1/21 with BB&T or SunTrust now Truist, and/or Truist are not eligible. 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.
• 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.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Truist Bright Checking has a $12 monthly fee this is waived with either of the following requirements:

• Monthly direct deposits over $500 or
• $1,500 average ledger balance

Early Account Termination Fee

I didn’t see any mention of the EATF in the fee schedule.

Our Verdict

Truist is the new name for the merged BB&T and SunTrust bank. Keep in mind you won’t be eligible for this bonus if you’ve held a BB&T/SunTrust or Truist account since 2/1/21. Overall this is a fantastic offer, I’m glad I was lazy in posting the $300 offer so readers can get this $500 offer instead. I doubt we will see a bigger bonus than this anytime soon and the requirements are already easy to meet. We will add this to our list of the best bank account bonuses. At this stage we don’t know what will/won’t trigger the direct deposit requirement.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times

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