SunTrust $400 Business Checking Bonus & $200 For Credit Card [AL, AR, FL, GA, MD, MS, NC, SC, TN, WV, VA, and D.C Only]

Offer at a glance

Maximum bonus amount: $400 + $200 for credit card
Availability: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia
Direct deposit required: Yes, $1,500
Additional requirements: See below
Hard/soft pull: Soft
ChexSystems: Mixed data points
Credit card funding: Personal accounts can be funded up to $1,000, presumably business accounts are the same
Monthly fees: $12+ avoidable
Early account termination fee: 20 weeks otherwise bonus is forfeit
Expiration date: June 29th, 2017

Contents

The Offer

SunTrust is offering a bonus of up to $600 when you open a new business checking account with the promo code SB17Q2SOLUTION, making cumulative qualifying deposits of at least $1,500 within 60 days of account opening AND meet the following requirements:
- Earn $200 for opening a Business Advantage Money Market account and making $20,000 in cumulative qualifying deposits
- Earn $200 or opening and activating a new SunTrust Business Credit Card and making one qualifying purchase
- Earn $200 for opening a new SunTrust Merchant Services account that is active, processing and settling into the newly opened business checking account

Terms are long, read them on their site.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Bonus is forfeit if the account is closed within 180 days, account must also be open at the time of posting as well.

The monthly maintenance fees are waived on all three accounts for the first two months and then you’re charged the following fees:

Primary Business Checking $12 monthly fee: waived with an average balance of $1,500
Total Business Banking $20 monthly fee: waived with an average balance of $5,000 or more is maintained or $10,000 minimum balance when combined with a Money Market Account
SunTrust Business Advantage Plus $25 monthly fee: waived with an daily collected balance combined with two other SunTrust Business Advantage Plus accounts is equal to $20,000 or more

This deal really sucks, you gotta open a checking account and then a savings account with $20,000 in deposits just for $200? And then $200 for a credit card (much better offers out there), merchant services often results in a hard pull as well. Previous deals you could get $400 just for depositing $20,000 or $200 for $1,500. I’d stay well away from this bonus, view better business checking bonuses by clicking here.

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