Truist $300 New Checking Account Bonus (Regional Eligibility)

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Truist Financial formed from the merger of BB&T and Suntrust Banks, now roughly the 10th largest US bank with branches in 17 states and DC. Trust has a $300 new checking bonus using promo code TR2CHK22 for new checking customers that live within a state in their branch footprint: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC. I don’t always list bonuses that aren’t nationwide, but this is a relatively big bonus from a decent-sized bank. Thanks to reader Clark for the heads up. Here are the steps:

  • Open an eligible Truist checking account (Dimension, Bright, or Fundamental Checking). $50 minimum opening deposit.
  • Receive at least two qualifying Direct Deposits totaling $500 or more within 90 days of account opening.
  • After we verify your direct deposits, we’ll drop $300 into that account within four weeks.
  • This offer is good until July 14, 2022.

The easiest way to avoid the monthly fees of the checking accounts while satisfying the bonus requirements is the Bright Checking account, since its $12 monthly fee is also waived when you have a $500+ monthly direct deposits (or you can maintain at least a $1,500 average balance).

It’s always tricky to say what exactly any bank will count as a direct deposit if you have trouble with redirecting your employer payroll, as their rules may change over time. But in general a funds transfer from a brokerage account like Fidelity, Schwab, Vanguard, or TD Ameritrade has a better chance than one of the popular online savings accounts. Makes sense to me as my income could very well be interest and dividends from my brokerage account.

Fine print:

Clients with an existing personal checking account or who have closed a personal checking account on or after 4/1/21 with BB&T or SunTrust now Truist and/or Truist are not eligible. Account holder must be 18 or older at the time of account opening. Truist employees are not eligible. Offer available only to US residents with a valid US taxpayer identification number. The qualifying checking account must be opened in a Truist branch in one of the following states, or online, and have a mailing address in: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC.

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Comments

  1. When they say offer is good till July 14th, should the account be opened by then, or should the 2 direct deposits be completed by then?

  2. I see 2 different codes on different sites, but none on Truist official site.

    Which code really works when you open Checking Acc. with Direct deposit?

  3. I signed up for the account and just found out that there is a $3-$6 outgoing ACH transfer fee by Truist. The rep advised me to use Zelle to transfer out. Transfer in is no charge.

    • Or you use an outside bank (that doesn’t charge fees, most online-only banks don’t) to initiate the transfer out. The fee is applied if you initiate the transfer at Truist.

  4. After opening the account, I used their chat and got confirmation from a rep that ACH transfers from TD Ameritrade qualifies for 2 direct deposits. 2 days later, I asked the same question to another rep in the chat who said NO, only employer or government direct deposits will qualify. I closed the account. What a waste of time.

    • In this type of case, there is no use in asking a customer service rep. They aren’t the ones making the decision and they don’t know the answer. If you had waited, it probably would have worked out fine.

  5. Thank you for sharing this offer. I recently completed it and received the $300 into my account. I wonder how long I have to keep the account open now. Sometimes there is a stipulation on that, but I don’t see one in the fine print.

  6. How long between your 2nd direct deposit until the $300 bonus received?

    Did you make transfer from other bank’s account for direct deposit?

    I completed 2nd deposit in July, have not received the bonus yet.

  7. I’m pretty pissed. I opened my account on 7/14/22 and completed the requirements. I called Truist about a month ago and they stated that I was showing I would be getting the promotion and that I just needed to wait the full 90 days. That time frame has passed so I am calling to check up on it and they are telling me I won’t get the $300 because the promotion is expired. Huh?!? I opened my account prior to the deadline, that doesn’t even make any sense! #FalseAdvertising #TruistSucks

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