Posted by William Charles on December 7, 2015
Bank Account Bonuses

Published on December 7th, 2015 | by William Charles

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[Expired]SunTrust $100 Or $200 Checking Promotion [AL, AR, FL, GA, MD, MS, NC, SC, TN, WV, VA, and D.C Only]

There is now a new offer for $250, find out more here.

Extended again

Re-posting because offer has been extended until January 29th, 2016. Also added the new promo codes.

Offer at a glance

The Offer

Direct link to offer

Remember to use the promotional codes, otherwise you might not receive your bonus.

  • Receive $100 bonus if you open an Essential checking account with the promo code Q1ESSENTIALOL16:
    • Make a direct deposit of $500 or more and
  • Receive a $200 bonus if you open a Select checking account with the promo code Q1SELECTOL16:
    • Make a direct deposit of $2,000 or more and

suntrust checking 200 bonus

The Fine Print

  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
  • Direct deposit and bill pay requirements must be completed within 60 days of opening the account
  • You can only receive one bonus and limit of one offer per household
  • You must have a balance of at least $1 when they go to deposit your bonus, otherwise you will not receive it
  • Bonus will post to your account within 8 weeks of you completing the requirements
  • A qualifying direct deposit is a direct deposit of your salary, pension, social security, or other regular income. In the past this has not been enforced, click here to see what has triggered the bonus in the past.
  • SunTrust clients who already have a personal checking account with SunTrust (as a primary or secondary account holder) are not eligible for this promotion
  • SunTrust clients who closed a personal checking account within 180 days of the promotion start date will not be eligible for a promotional reward
  • Limit one per household

Avoiding Fees

The full fee schedule can be viewed by clicking here.

Essential Checking – $7 Monthly

This is the account that is required for the $100 bonus, the monthly fee on this account is waived if you do any of the following:

  • 10 or more debit card transactions
  • Minimum daily balance of $500+
  • Total monthly direct deposits of $500+

Select Checking – $15 Monthly

This is the account that is required for the $200 bonus, the monthly fee of $15 is waived if you do any of the following:

  • Total monthly direct deposits of $2,000+
  • Minimum daily balance of $2,000+
  • Total relationship balance of $10,000+
  • SunTrust first mortgage with SurePay

Early Account Termination Fee

If you cancel your account within six months, they will charge an early account termination fee of $25

Our Verdict

They offered a similar $100/$200 bonus late last year, it was easier to keep the account for the $200 bonus fee free but the bonus requirements also included bill pays. Back in April they offered a $150 bonus for the Essential checking account (then called everyday checking), so if you’re considering the $100 bonus I’d wait for the $150 to come back.

The $200 bonus is a pretty good offer, especially considering these SunTrust checking bonuses can be churned. I’ve added these bonuses to our bank bonus list and also on our best checking bonus list.



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alen
alen

so what happens exactly? you open account online and make a dd(bank transfer). bonus does not post. then you call and they tell you: oh you need to bring in your pay stub. ?????

that seems crazy.
can you please clarify cos i can’t deposit my actual paycheck.
thanks

NoonRadar

Does anyone know if the verbiage about churnability refers to this promo or any bonus promos in general?

It states: “SunTrust clients who closed a personal checking account within 180 days of the promotion start date will not be eligible for a promotional reward.” The length of this promo is less than 6 months, which makes me think it might be any such promo in the last 6 months? Verbiage is confusing to say the least, I’m trying to figure how soon I can churn this.

NoonRadar

Also, Will, the link you have seems to not work for me. I googled it and this link works for me: https://www.suntrust.com/Microsites/Checking/checking-offer/index.html

Though I tried to test the application process and it froze, not sure if my browser is blocking it or their website is having a hiccup.

steve
steve

Can the direct deposit be 2 biweekly paychecks over a month amounting to $2000 or does each deposit have to be $2000 for the $200 bonus?

Shawn
Shawn

I completed a similar Suntrust bonus last year from CA. I will check the fine print on their website, but is there any knowledge that state eligibility has changed?

Al
Al

I funded with $1K on Citi TY Premier and it posted as a cash advance. Don’t know yet what the penalty will be.

loardnikon
loardnikon

Great post, and thanks for all the bank bonus posts. Great way to make some cash in between credit card applications.

I applied and tried funding $1,000 with my (brand new) Citi AAdvantage MasterCard with the cash advance limit set to $750. Application for Select Checking went through, but I got an email form SunTrust a few hours later that said they were unable to complete my request using the funding account provided.

So I assume that the charge tried to go through as a cash advance but was denied. It could also be because this was the first charge on the card, but I didn’t receive any fraud alerts, and the card is currently working. Bummer to lose out on the spending, but excited about the easy $200.

mockingjay
mockingjay

I have used discover to ach push 2k to Suntrust, would that trigger the bonus?
I will let you know if I receive that ^^

jack
jack

did your bonus post?

ENOTTY
ENOTTY

Tried to fund with a Barclaycard Arrival+ with CA limit set to $0. It was denied for lack of pin.

jack
jack

anyone had their bonus post? if yes, what was your DD source.

ENOTTY
ENOTTY

Finally had my bonus post several days after a DD of my paycheck. Schwab EFT did not work. This was one of the more painful bank bonuses and Suntrust itself is kinda terrible with slow funds availability and bankers who push additional products on you while you’re depositing checks in person. Can’t wait to close the account.

barschools
barschools

My bonus posted yesterday. I used paypal

barschools
barschools

Is it best to close this account after receiving the bonus and eat the $25 ETF in order to churn it again sooner? What are you guys planning to do?

D
D

Datapoint: Tried to fund Suntrust checking with Citi Thankyou Premier. Cash advance set to $0. Got denial email after a few minutes of submitting.

Daniel
Daniel

Anybody received a bonus for a significant other in the same household? Would like to have my wife apply, but I’ve already done it.

Vijay
Vijay

Last year, my wife and I both got our bonuses without issues. YMMV. Good Luck!

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