Truist $400 Checking Bonus [AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC]

Update 2/28/24: Bonus is now $400 and extended until 6/26/24.

Offer at a glance

• Maximum bonus amount: $400
• Availability: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC
• Direct deposit required: Yes, two qualifying Direct Deposits totaling $1,000 or more within 90 days of account opening
• Additional requirements: Use promo code
• Hard/soft pull: Soft pull
• ChexSystems: Yes
• Credit card funding:Up to $500
• Monthly fees: $12, avoidable
• Early account termination fee: None
• Household limit: None
• Expiration date: July 14, 2022

The Offer

Direct link to offer

• Truist is offering a bonus of $400 when you open a new checking account and complete the following requirements:
  • Use promo code TRUIST400DC24
  • Receive at least one qualifying Direct Deposit* of $500 or more AND
  • Complete at least 15 qualifying debit card purchases** within 90 days of account opening. All debit purchases must be posted to your account to qualify.

The Fine Print

• Valid for new personal Truist Dimension, Truist Bright or Truist Fundamental checking accounts opened from 4/1/22 through 7/14/22. Enrollment in the promotion is required at account opening using promo code TR2CHK22 to be eligible for any promotion reward. Please refer to the Account Opening and Enrollment section below for instructions.
• How to Earn $300:
  •  Open a new eligible* Truist personal checking account from April 1, 2022 through July 14, 2022
  • Receive at least 2 qualifying Direct Deposits** totaling $500 or more within 90 days of account opening.
• Clients with an existing personal checking account with Truist or who have closed an account with Truist on or after 1/20/22 are not eligible to participate. 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.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Truist Bright Checking has a $12 monthly fee this is waived with either of the following requirements:

• Monthly direct deposits over $500 or
• $1,500 $500 average ledger balance

Early Account Termination Fee

I didn’t see any mention of the EATF in the fee schedule.

Our Verdict

Truist is the new name for the merged BB&T and SunTrust bank. Keep in mind you won’t be eligible for this bonus if you’ve held a BB&T/SunTrust or Truist account since 2/1/21. They launched with a $500 bonus,  but we haven’t seen that bonus return and normally it’s only $200 so I’d recommend doing this offer and will add to the best bank account bonuses.

Useful posts regarding bank bonuses:

Post history:

• Update 11/13/23: Extended until February 27, 2024.
• Update 8/13/23: Deal is back and valid until October 31, 2023. Bonus has been reduced to $300, so worth waiting for $400 to return.
• Update 5/27/23: Extended until July 25, 2023.
• Update 5/16/23: Extended until June 1, 2023.
• Update 4/17/23: Deal is back and valid until 5/15/23. Hat tip to Tornado
• Update 1/22/23: Make sure adblocker is disabled to get promo code to work properly.
• Update 1/22/23: Deal is back, has been increased to $400 from $200 and valid until Apr. 14, 2023. Terms do state ‘Offer Eligibility: Offer is only available to individuals who received a direct communication from Truist.’ so unsure if this targeted or not. Does show up in a google search for vague terms such as ‘checking bonus’.
• Update 11/12/22: Deal is back but reduced to $200. Hat tip to reader John.