Posted by William Charles on November 30, 2014
Bank Account Bonuses

Published on November 30th, 2014 | by William Charles

17

[Expired]SunTrust $100/$200 Checking Promotion

This bonus has expired, but there is a new bonus for $150, click here for more information.

Offer at a glance

The Offer

Direct link to offer

Remember to use the promotional code “FALL14CHECKING”. Otherwise you might not receive your bonus.

  • Receive $100 bonus if you:
    • Make a direct deposit of $1,000 or more and
    • Make one online bill pay of at least $50
  • Receive a $200 bonus if you:
    • Make a direct deposit of $2,000 or more and
    • Make two online bill payments of at least $50 each

suntrust 200 checking promo

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.

Avoiding Fees

The full fee schedule can be viewed by clicking here.

Everyday Checking $7 Monthly Fee

You can avoid the $7 monthly fee by having a minimum daily balance of $500 or more, or receiving a payroll direct deposit of $100 or more.

monthly maintenance fee

Early Account Termination Fee

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

Our Verdict

SunTrust have been offering a lot of checking promotions this year:

I think that this is the best bonus that SunTrust has offered so far though, I didn’t like the $300 InStore offer because it required you to keep your direct deposits active so long (although it is a good bonus if you want to switch your payroll permanently) and when the $100 promo came along I thought SunTrust were still asking for paystub verification (they no longer are).

I’m going to apply for this offer if I can (SoCal might not be able to), at the moment their New Account Center is down for scheduled maintenance. Here is how I’ll complete the deal:

  • Open everyday checking account, I will not bother funding with a credit card as people have reported issues in the past.
  • Transfer $2,000+ from an existing account to trigger the first part of the bonus
  • Make two online bill payments over $50 to trigger the second part of the bonus
  • Remove funds back into a checking account that earns at a high rate of interest, making sure to leave at least $500 to keep the account fee free
  • Wait for my bonus to post
  • Close the account after six months to avoid any early account termination fees

Should be a pretty easy way to earn $200. You could potentially make another $20+ by funding with a credit card that earns at a high rate on every day purchases, but lots of complaints in the past of this not working so I’m not going to bother. If you’d like to see more bank sign up bonuses then click here.

Direct link to offer | Screenshot of offer

Hat tip to jadesphere from Slickdeals



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Vadim
Vadim

So, is it available in California?

shawn
shawn

Apparently. I’m in CA and signed up after not seeing any location specifics in the fine print. Called customer support to verify my code went through and verified.

shawn
shawn

Received my $200 bonus today, one month after opening. I’m in CA.

Vadim
Vadim

Was it actual direct deposit in your case or ACH push?
I did ACH push, however I didn’t receive the bonus.

Austin
Austin

Signed up for this this weekend and used a Citi Visa with CA set to $0 to do initial $1k funding. Just posted as a purchase.

Jon
Jon

Just setup an account and was wondering if there is any way to tell if the ACH push has triggered the bonus?

Kris
Kris

I live in WA and it doesn’t work for me. It shows up as “does not offer the customer in this area”…

Vic
Vic

I’m in North California and it seems that the offer is not available in my area(?)
This is what was shown during the sign up procedure.
http://imgur.com/H07EZLq

Jon
Jon

Success.
Pushed in 2000 from another account and two bill pays to the same person. Sent a secured message and two days later $200 credited to my account. Thank you DoC

John
John

@Jon, how did you push 2000 form another account? You mean you transfer 2000 from a checking or saving account in another bank? Thanks!

Jon
Jon

Yes, push the money from the existing account into ST. ST viewed it is an ACH transfer. Worked for me but YMMV.

John
John

@Jon, thank you! I’ll give a shot.

Jon
Jon

Ymmv but just withdrew in branch once bonus posted with no early termination fee.

Cav
Cav

Offer not available in PA, at least not for online signup.

Matthew
Matthew

Is this offer still available? I input code online FALL14CHECKING and it gave me Invalid Code.

Bust
Bust

I opened this account online and completed all the requirements. They wouldn’t give me the bonus because I live in Michigan.

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