Offer at a glance
- Maximum bonus amount: $400
- Availability: Must have received the targeted mailer. Can only open accounts in AL, DC, FL, GA, IN, KY, MD, NC, NJ, OH, PA, SC, TN, TX, VA, WV
- Direct deposit required: No
- Additional requirements: None
- 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: July 21st, 2020
Contents
The Offer
- BB&T is offering a bonus of $400 when you open an elite gold checking account with promo code BBLGC. You must deposit at least $25,000 and maintain that for 75 days to be eligible.
The Fine Print
- Offer is limited to one incentive per household and does not apply to second or multiple personal accounts
- Offer not available to households that have closed a BB&T personal checking account in the last 12 months or those with a currently active BB&T personal checking account
- Primary account holder must be 18 years or older at the time of account opening
- BB&T will review the account for qualification between 76 and 120 days after account opening
- Any account not in good standing, closed or with a balance less than or equal to zero at the time we review account eligibility will not receive the $400 incentive
- Offer is nontransferable and may only be redeemed by the intended recipient or qualified member of the intended recipient’s household.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
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.
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
Previously these bonuses did not include the language stating you must have received the mailer. The deposit requirement is now $25,000 instead of $10,000, but $25,000 is required to keep the account fee free anyway. For now we won’t be adding this to the best checking account bonuses. SunTrust & BB&T are also merging to become Truist soon as well.
Hat tip to SD
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
