Posted by William Charles on August 3, 2016
Bank Account Bonuses

Published on August 3rd, 2016 | by William Charles

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[Expired] SunTrust Up To $250 Checking Promotion [AL, AR, FL, GA, MD, MS, NC, SC, TN, WV, VA, and D.C Only]

This offer has now expired, you can view their new offer for $300 here.

Offer at a glance

  • Maximum bonus amount: $250
  • Availability:  AL, AR, FL, GA, MD, MS, NC, SC, TN, WV, VA, and D.C
  • Direct deposit required: Yes, $500+ monthly recurring deposit
  • Additional requirements: Yes, see below.
  • Hard/soft pull: Soft pull
  • Credit card funding: Up to $1,000 (although there have been reports of cash advances and issues with CC funding, limit may now be $250)
  • Monthly fees: $7, waivable with direct deposit of $100 or more or minimum daily balance of $500 or more
  • Early account termination fee: 6 months or bonus is forfeit
  • Expiration date: September 19th, 2016

The Offer

Direct link to offer

  • Earn a sign up bonus of up to $250 with SunTrust & their checking account. Bonus is broken down as follows:
    • Earn $125 when you:
      • Open a new SunTrust checking account with the promotional code Q316CHKNGOLP1
      • Deposit at least $100 within 14 days of account opening and
      • Complete at least $500 in Direct deposits within 60 days of account opening
    • Earn an additional $125 when you continue to maintain at least $500 in monthly direct deposits until December 31st, 2016

suntrust checking bonus

The Fine Print

  • You must be a new SunTrust personal Checking client. Clients with an existing personal Checking account with SunTrust (either as the primary or secondary account holder) are not eligible.
  • You must not have closed a personal Checking account within 180 days of the promotion start date (on or after February 3, 2016).
  •  Offer available only to U.S Residents with a U.S address and a U.S. taxpayer identification number.
  • The checking account must be opened online or in a SunTrust branch in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia
  • After meeting the qualification requirements, each $125 reward will be credited to the new checking account up to 8 weeks after the applicable qualifications are met
  • The new account must remain open and in good standing with a positive balance until each reward is processed in order to receive the applicable reward. If the checking account is closed by you or SunTrust within 180 days after opening, SunTrust reserves the right to deduct the reward amount from the account at the time of closing.

Avoiding Fees

Essential Checking – $7 Monthly

This account is the easiest to keep fee free, 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+

Our Verdict

This bonus is a little different from what SunTrust usually offers, in some respects it’s better (can open an essential checking for the full bonus and no savings account required) and in some cases it’s worse (need to maintain a direct deposit until December). Personally I think this is their best offer yet, as it’s easier to keep the account fee free and you don’t need to tie up $5,000 in the savings account. Meeting the direct deposit requirement has been pretty easy as well. Because of this we’ve added it to our list of the best bank account bonuses.

Big thanks to reader, Chris M who let us know. Please consider sharing bank bonuses with this site so we can make it even better.

Useful posts regarding bank bonuses:



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dvice
dvice

Looks like a typo in “Complete at least $50 in Direct deposits within 60 days of account opening” – should say $500.

AD
AD

Is the offer actually limited to those states or are those just the states that have branches?

NN
NN

the rep I called said that it’s nationwide, the rep I chatted with said the opposite thing, state limited. no idea

Jim
Jim

Also looks like 250$ limit on CC funding when I applied.

Gina
Gina

I don’t see limit one per household! I guess mmy husband and I will both sign up 🙂

Gina
Gina

Anyone know if capital one sparks card counts as a cash advance?

Matthew
Matthew

Chase freedom for 250.00 was denied.

Xyzlu
Xyzlu

Chase United Mileage Plus Explorer Card $250 as purchase

Xyzlu
Xyzlu

SunTrust closed my account also. I do not know why.

Lily
Lily

My chase united mileage plus was cash advance. I had to call them for a one time courtesy to waive the fee. They agreed to remove the fee but not the interest.

DrRyan
DrRyan

Ran as cash advance for Chase Hyatt Visa. Just thought I would point out that this bank has been very difficult to deal with. I originally opened an account online which was closed by the Fraud Department as soon as I moved money to it. They requested to me to go to branch to verify identity which I did. They opened a new account for me but I have been locked out of online banking for 2 weeks until they resolve some system issue. In the meantime the promotional team told me that I could not receive the bonus because it was tied to the original accounts I opened and they couldn’t transfer the promotion or do anything about it. This is THE WORST experience I have ever had with ANY bank. But as the saying goes, YMMV…

Averwind
Averwind

Are you sure these are the only states for SunTrust? I just tried now and it seems to have to problem with NYC zip code.

Averwind
Averwind

“The checking account must be opened online or in a SunTrust branch in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia.”

as far as I can tell that just says the branches are in those states. For online there is no limitation…

Aaron
Aaron

Were you able to apply and get the bonus with your NYC zip code? Thanks!

FPN
FPN

So I got the initial half of the bonus seemingly without completing requirements. I only had one transaction, the opening deposit, which was > $500 via ACH from my other bank. Hadn’t had any DDs come through yet. Woke up with an extra $125 in acct.

FPN
FPN

So I took a closer look, and the transaction is labeled MISCELLANEOUS CREDIT Q3 2016 SUSTAINMENT CHECKING OFFER PART 1. So they must have counted my ACH opening deposit as my DD as well. Came two weeks after acct opening. Easy.

wenlin
wenlin

Signed up with MD address. A different state not listed did not work with the online application. Was able to fund $250 with Citi Hilton HHonors Visa Signature – went through as purchase (cash advance set to 0).

Jeff
Jeff

Signed up successfully, but noticed that Ally coded as P2P so it probably will no longer work for a DD. Switching to (ugh) a no kidding DD.

DH7
DH7

I used Discover and it coded as a P2P, not sure if it will work still, will update

DH7
DH7

Received an email on 10/04 saying I received the $125 bonus (and I did) DESPITE the fact that discover coded as P2P

Gina
Gina

I opened my account three weeks ago and have had two direc deposits post already. No bonus. Anyone else’s taking awhile?

pete
pete

I called in today (account open for about a month) and was told that I would be receiving the first bonus sometime in late October. I have a work DD, so calling in isn’t an issue for me.

CGID
CGID

I had planned to open my Suntrust account a week ago, and then I forgot. Looks like the deadline is two days from now (Monday Aug 19) and I am already into the weekend which is non-business days.

Does Suntrust (and/or other banks in general) define the “date you opened the account” to be the date that the initial funding appeared in the account?

If so, I am wondering whether I am basically too late. Unless I go in in person and give a banker $50 in cash for the funding I am doubtful that other funding methods would go through by COB Monday (e.g. CC funding, ACH transfer, etc.)

Can the Docs or anyone else comment? Grateful thanks in advance…

CGID
CGID

Sorry…. typo in my post above… meant to say that the deadline was Sept 19….

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