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Truist Bank Bonuses: July 2024

Earn hundreds of dollars by opening an eligible Truist bank account

Updated July 01, 2024

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Truist currently offers a set of valuable bonuses across both personal and business checking accounts. Open a new One Checking account, receive a direct deposit of $500, and make 15 debit card purchases to earn a $400 bonus, for an above-average return on deposit of 80%. That's one of the best bank bonuses available right now.

Keep reading to learn more about how to get this bonus, and what you can earn by opening a new business checking account as well.

Truist Bank Bonuses: July 2024

Truist Bank: One Checking - $300
Truist Bank: Simple Business Checking - $400
Truist Bank: Dynamic Business Checking - $400 [EXPIRED]

Truist Bank : One Checking - $300

Truist Bank

Bonus Amount: $400
Promotion Expiry: October 30, 2024
Qualifications: Direct deposit, debit purchases

How to Get the Bonus

Open a One Checking account online with the promo code: During the account sign-up process, enter the code given on the linked page to earn the bonus.
Receive a qualifying direct deposit of $500 or more within the first 90 days: Qualifying direct deposits include payroll checks and government benefits payments.
Make 15 debit card purchases within the first 90 days: Those transactions must to be posted to your account within 90 days.
Receive your $400 bonus: Keep your account open, in good standing, and with a positive balance until you earn the bonus. Truist will deposit it into this account within four weeks of meeting the eligibility criteria.

Bonus Restrictions and Account Fees

Only available to residents of certain states and districts: Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Washington, D.C.
Not available if you’re currently employed by or affiliated with Truist Bank.
Must be a U.S. resident with a taxpayer ID number, and at least 18 years or older.
Not available if you currently have a Truist personal checking account, or if you did have one but you closed it on or after a specified date.
The Truist One Checking account charges a $12 monthly fee unless you meet one of five waiver requirements each month: 1) be a student under age 25, 2) have at least $500 in direct deposits, 3) keep at least $500 in all of your Truist investment and personal accounts, 4) have an open credit card or loan through Truist, or 5) link up a Truist Small Business Checking account.
This account doesn’t charge overdraft fees but it does come with several other fees, such as an out-of-network ATM fee ($3 in the U.S., $5 internationally) and paper statement fees ($3).

Truist Bank : Simple Business Checking - $400

Truist Bank

Bonus Amount: $400
Promotion Expiry: September 30, 2024
Qualifications: Deposit

How to Get the Bonus

Open a new Simple Business Checking account. You can open the account online by clicking through to the promotional offer page and verifying that the correct promo code is applied to your application. You can also sign up at a local branch if you bring that same code in to be applied to your in-person application. This account has a $100 minimum opening deposit.
Deposit at least $1,500 into your account within 30 days. Almost any type of deposit counts, except for NSF fee refunds and debit card credit transactions. You can split up these deposits over the course of 30 days, or get it all done as one deposit.
Keep your account open and in good standing until you earn the bonus. After you’ve checked off all of the boxes to earn the bonus, Truist will deposit $300 into your new account. You’ll need to keep the account open at least long enough to receive the payout. You’ll also need to keep the account balance from dropping to a zero or negative value; it must have at least one cent in the account at all times until you earn the bonus.

Bonus Restrictions and Account Fees

Available to residents of the following states and areas: Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Washington, D.C.
You must be a U.S. resident, at least 18 years old, and have a taxpayer ID number.
Not available if you currently have any other Truist business checking accounts, or if you closed one on July 7th, 2023 or after.
This account doesn’t have a monthly maintenance fee, but it does have other charges including a $0.50 per transaction fee (your first 50 transactions of the month are free) and a $3 paper statement fee.

Truist Bank : Dynamic Business Checking - $400 [EXPIRED]

Truist Bank

Bonus Amount: $400
Promotion Expiry: June 27, 2024
Qualifications: Deposit

How to Get the Bonus

Open a new Dynamic Business Checking account. This account requires a minimum opening deposit of $100. You can open it online or in person, but either way, make sure that you see the correct promo code applied to your application to ensure you’re eligible for the bonus. If you’re applying online, it may be easiest to ensure this by clicking through the offer on the promotional page.
Deposit at least $1,500 into your new account within 30 days. You can do this as a single deposit or split it up among several, as long as they total $1,500 or more. Any type of deposit counts except for NSF fee refunds and debit card credit transactions.
Wait up to four weeks for the bonus deposit to post. After you meet the requirements to earn the bonus, Truist will reward you with the payout by depositing it directly into your new account sometime within the next four weeks. Until that time, keep your account open with a positive balance. If it dips below $0.01, you’ll lose eligibility.

Bonus Restrictions and Account Fees

Must live in one of the states where Truist Bank operates: Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Washington, D.C.
You must be a U.S. resident, at least 18 years old, and have a taxpayer ID number.
Not available if you’re already a Truist business checking customer, or if you closed a business checking account on or after July 7th, 2023.
The Truist Dynamic Business Checking account charges a $20 monthly maintenance fee unless you’ve maintained an average balance of $5,000 or more across all of your combined Truist business bank accounts over the last three months.
This account charges several other fees, including a $0.50 transaction fee for all checking transactions after your 500th of the month, a $0.003 monthly coin and currency deposit fee for all cash amounts over $25,000.

If you’ll be using this account long-term it might be better to pick a business checking account with fewer fees.

Compare Truist Bank Promotions

Promotion	Bonus Amount	Promotion Expiry	Qualifications
Truist One Checking	$400	October 30, 2024	Direct deposit, debit purchases
Truist Simple Business Checking	$400	September 30, 2024	Deposit

Are Truist Bank Bonuses Worth It?

Truist currently offers some of the best bank bonuses available, making this a good time to open an account if you're eligible.

Truist bank accounts are available to residents of Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Washington, D.C.

The One Checking account promotion—$400 for a $500 direct deposit and 15 debit card purchases—provides an outstanding 80% return on your deposit, although the purchase requirement means it takes a bit more work to get than some other offers. If you typically make debit card purchases anyway, this shouldn't be too much of a hassle. This offer is much better than the median return of about 18% among checking account bonuses we track, and the bonus amount is higher than the median of $300.

The business account offers above are not quite as good, but they're still well above average. Each one offers $400 in return for a $1,500 deposit, for a 26.7% return on deposit. Truist's offer here is many times better than the median return among business checking bonuses we track, which is just 4%.

Big banks BB&T and SunTrust merged in 2019 to create a new financial institution: Truist. It’s the eighth-largest bank in the county, with over 2,000 branches in 17 states and Washington, D.C.

Frequently Asked Questions

Are Truist Bank Bonuses Taxable?

Yes, Truist bank bonuses are taxable just the same as if you’d earned that money as interest. Truist will report bonus payouts on a Form 1099-INT to you and the IRS at the end of the year.
Who Is Eligible for Truist Bank Bonuses?

If you’re a U.S. resident living within one of the states that Truist Bank operates in (Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Washington, D.C.), you’re generally eligible for the bonus. You’ll also need to be a new customer, so you can’t have any other Truist bank accounts of the same type, or have had one that you recently closed.
Does Truist Offer Any Bonuses for Current Customers?

No. You’re only eligible for a bonus from Truist Bank if you’re opening a new bank account within the promotion type. For example, having an open checking account from the same bank will usually disqualify you from other checking account promotions, but you may qualify for a checking account bonus if you only have a Truist savings account.
How Do Truist Bank Bonuses Compare to Other Banks?

Truist’s bank bonuses are quite good. They’re relatively easy to get, and the payout is quick. That said, there usually are quite a few bank promotion offers available at any given time, so it’s worth checking these out too.

How We Track Bank Account Bonuses

Every business day, Investopedia tracks 23 banks and the current, new, extended, and expired account bonuses they offer customers. Banks are chosen based on consumer interest and we add banks to our list as needed to ensure we're always reporting on the best bank bonuses. We update our picks for the best bank account bonuses, the best checking account bonuses, and the best savings account bonuses as needed, chosen based on bonus amounts, bonus requirements, and account features. We aim to provide you with news about checking and savings account bonus offers so you can take advantage of them as soon as possible.

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