Posted by William Charles on January 14, 2019
Bank Account Bonuses

Published on January 14th, 2019 | by William Charles

138

BB&T $200/$400 Checking Bonus, Direct Deposit Optional [YMMV & AL, DC, FL, GA, IN, KY, MD, NC, NJ, OH, PA, SC, TN, TX, VA, WV]

Offer at a glance

  • Maximum bonus amount: $400
  • Availability: AL, DC, FL, GA, IN, KY, MD, NC, NJ, OH, PA, SC, TN, TX, VA, WV
  • Direct deposit required: Optional
  • Hard/soft pull: Soft pull It seems like they are very persistant about overdraft protection so make sure you don’t opt in for that
  • ChexSystems: Yes
  • Credit card funding: Up to $250 (says debit card only, but credit cards will work)
  • Monthly fees: $30
  • Early account termination fee: $25, 180 days
  • Household limit: One
  • Expiration date: March 29th, 2019 May 23rd, 2019

The Offer

Direct link to offers: $400 bonus or $200 bonus, this link is probably better.

  • BB&T is currently offering two bonuses:
    • Earn $400 when you open an elite gold checking account with promo code AVSGC
      • Complete one of the following activities within 75 days of account opening
        • Have an average daily balance of $10,000 or more
        • Receive direct deposits of $2,000 or more
    • Earn $200 when you open an bright checking account with promo code AVGFZ
      • Complete one of the following activities within 75 days of account opening
        • Receive two direct deposits of $100 each or more
        • Make 3 online bill pays of $25 each or more with U by BB&T

The Fine Print

  • Offer is available for new BB&T clients who open a BB&T retail checking account.
  • Normal minimum opening balance requirements apply.
  • Offer is limited to one incentive per household and does not apply to second or multiple personal accounts.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Elite Gold ($400 Bonus)

You can avoid the monthly fee on this account if you meet any of the following requirements:

  • $25,000 combined deposit balance in checking, savings, CDs, IRAs, Money Rate Savings, Investor’s Deposit Account, or investments through BB&T Investment Services, Inc.
  • $25,000 combined outstanding balance in retail loans and lines of credit3
  • $150,000 BB&T personal mortgage loan balance

In PA & NJ the requirement is only $15,000 in combined deposit balances.

Bright Checking ($200 Bonus)

This account has a $12 monthly fee, this is waived if you do either of the following:

  • Receive a direct deposit of $500 or more
  • Have an average daily balance of $1,500 or more

Early Account Termination Fee

All accounts come with a $25 early account closure fee if you close them within 180 days of account opening. In addition accounts must be open at the time of bonus posting

Our Verdict

We’ve seen the $200 bonus before, previously the best bonus on the elite gold account was $300. With the $300 bonus the main issue  is keeping the account fee free. You basically need $25,000 in combined deposits, that’s also enough to trigger the bonus requirement so that’s a plus. You’d need to keep the $25,000 invested until the bonus posts and then pay the $25 early account termination fee. This 75-120 days, let’s say 120 days just to be safe. This account earns 0.01% APY, so basically nothing. If you put the $25,000 into a 2% account during that period you’d earn ~$165. When you add the $25 closing fee you’re looking at a bonus that is only really $200 or so. I’d probably recommend just doing the $200 bonus instead. I will be adding this to our list of the best checking account bonuses.

Big thanks to reader, Patrick S who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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el_pistolero
el_pistolero

i closed my last account in july 2018. Am i eligible? I dont see a requirement!

Gadget
Gadget

I’d recommend one full year since last account date closed.

BB&T promos I did:

12/13/16 Open $25 X 4 = $100 bonus
06/11/17 Close

06/23/18 Open ASCAT Promo $150 bonus
01/10/19 Close

I did one in 2014 for $125 as well, per my 2014 1099’s, but that was before I started keeping Spreadsheet records. All same address, name, SSN. VA.

All bonuses paid out, most recent paid out in Month 3…. so definitely not quick. Clearly I haven’t been timing the best bonuses $$$ wise.

I haven’t had S.O. try to beat the household limit. If anyone has a DP I would be curious.

Fred
Fred

Last year I signed up under a promo, but failed to read the fine print. There was language about if another member of the household had an account within the past 12 months or something. I didn’t qualify under that language, and did not receive the bonus (although I didn’t pursue it, so it possibly could’ve been something else).

sa13doc
sa13doc

QQ – are existing checking acct customers eligible? Can’t see on the offer landing page..

mjs
mjs

Yeah, it’d be super great if we could get the (*) rules– on the timeline for household or previous account owners. When you try to sign up online, it does not appear that they provide the bonus rules.

BTW, I did a similar bonus with them last year, and it was easy to get the bonus and easy to close (although had to call to close)

Sherrie
Sherrie

Do you know if these bonuses are churnable, and how often? I received a $100 bonus from them last year in May, and the acct was closed in July. Any idea if I can receive another bonus after less than 12 months?

bank_bonus
bank_bonus

any idea if we can get the bonus again if we received the bonus 6 months ago?

Stan
Stan

(deleted)

sa13doc
sa13doc

More info.. not sure if account availability and terms vary by state.. I see only elite gold and no bright banking..

And also, there is some discrepancy.. when I open fee and details for elite gold it says only 15000$ min requirement for avoiding $15 fee.. can someone confirm.. thanks in advance..

sa13doc
sa13doc

Missed one info.. I live in PA

Trevor
Trevor

Yup, for PA and NJ (BB&T’s newest market) it’s only $15,000 needed. https://www.bbt.com/assets/bbtcom/content/pdf/customer-service/personal-services-pricing-guide/nj.pdf

sa13doc
sa13doc

Thank you.

vince
vince

If your fee schedule shows $15000 minimum then it is $15000 minimum. What else do you want us to confirm and what makes you think we’d be qualified to provide an answer when we’re also commoners reading the same words that you are? Please call the rep if you are confused about the exact terms and conditions of your fee schedule.

sa13doc
sa13doc

I understand everyone is commoner.. since there was discrepancy between apply now page and fee disclosure document.. I thought of checking with group first., appreciate your response.. thanks..

missjenniferd1
missjenniferd1

vince your response is uncalled for. there are many folks on here who have probably had an account with this bank and could possibly provide whether they received a fee for having $15k in there. no need for the rudeness. if you’re not in a good mood, how bout just staying off the site. nobody needs your nonsense.

Alexis
Alexis

Can you downgrade from elite gold to bright checking to avoid fees?

payyoutuesday
payyoutuesday

DoC,

Here’s a link to a similar $200 Bright Checking offer (ends March 14, 2019) that appears to contain a full set of rules:

https://www.bbt.com/sites/bbtdotcom/sp/personalchecking/1808/ppc/brightbanking/default.html

Says “new BB&T clients”, “one incentive per household”, and “does not apply to second or multiple personal accounts”. No mention of how long ago you got another bonus or when you closed your last account.

payyoutuesday
payyoutuesday

Strangely, when you try to click through the application from that link, though, it pre-populates promotional code “AUEFZ” but then highlights the code and says, “Please correct the highlighted field to continue”.

Correcting the promo code to “AVGFZ”, as shown above, works to continue the application.

CJ
CJ

Thanks for sharing

Kaung
Kaung

I would recommend saving PDF of this page in case BB&T pulls shenanigans later and don’t give you bonus promptly.

rich
rich

warning this bank does not like to pay out bonus money! they kept telling me to keep waiting, I filed multiple complaints and even did CFPB.. This is the only bank that still did not pay even after a CFPB letter.

Skinny Elvis
Skinny Elvis

I had to fight with this bank to get the last bonus: I was in an eligible state, DD was legit, and I met the terms. I had given up and zeroed out the account and was about to close and the bonus then showed up.

Midnight
Midnight

I didn’t get my money from the Zelle promo personally. But when I complained about it they said they would look into it and randomly gave me a $10 fee refund for the wait. Ultimately I never got the bonus money but at least I got $10.

SP
SP

I got a business bonus and personal bonus in the past with no issues.

Trevor
Trevor

It should be noted that the balance requirements to keep Elite Gold fee-free are lower in PA and NJ. https://www.bbt.com/assets/bbtcom/content/pdf/customer-service/personal-services-pricing-guide/nj.pdf

And that Bright Checking isn’t available in PA/NJ (because they offer free checking with no minimum in those states)

Trevor
Trevor

As I think about it more, I’m wondering if PA/NJ residents are eligible for either of these bonuses… because that paper offer clearly isn’t being circulated in states that don’t offer one of the products shown (Bright Checking).

Gadget
Gadget

Bingo. Here is what I have noticed about BB&T promo codes… they SEEM to work in any BB&T state, as long as you can get the correct PRODUCT you need for the promo terms. If you can’t complete the terms as stated, I wouldn’t do it. I can only go off what DP’s I’ve seen and my own experience. Feel free to prove me wrong.

Ron
Ron

Thanks for the note on NJ and PA.
However the application site still shows $25K balance for keeping it free-free even after NJ/PA is selected. So BBT couldn’t come up with a custom page for these states ?

sa13doc
sa13doc

Exactly Ron.. I noted similar concern in my previous comment.. I believe it will be best to download disclosure when you actually apply..

Jo
Jo

At the last step I got this error –
Unfortunately, we are currently experiencing unexpected technical difficulties and are unable to continue the online application process at this time…

Trevor
Trevor

Which state?

Jo
Jo

GA

ZipZapKaZoom
ZipZapKaZoom

Do they do a hard pull?

The fine print say “You authorize us to obtain a credit report in connection with your application and account opening and for account review and evaluation purposes.”

Gadget
Gadget

No hard pull. They pull BOTH EWS and Chex. They probably soft pull one of the big 3, but I have no clue which, but I’d bet on EQ. Opt out of overdraft or lines of credit if offered during signup.

Marc
Marc

Please clarify why you are comparing the opportunity cost of keeping $25K with BB&T only with their low checking/savings rate of 0.01%? A quick check of their website shows an 11 month personal special CD paying 2.25%. That rate compares favorably with practically all high-yield savings accounts. Seems to me the $400 bonus option is an excellent one for those who are able to direct deposit $2K into elite gold checking and then transfer another $23K from an external account into the special CD and keep it there for 11 months, thus earning another $472 in interest.

Kwok Fung
Kwok Fung

What’s considered direct deposit for this bank? Anyone has any DP?

TomTX
TomTX

Looks like the cheapest way to get the $400 bonus (for those of us with an IRA) – is to set up the Investor Account and do an in-kind transfer of shares. Would need to verify they can do an in-kind transfer. I didn’t see any kind of account closure fee, but would need to verify that as well.

roger
roger

there would be a transfer fee to move securities in & to move them out? So how is this option cheapest?

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