Update 4/8/26: The bonus is valid until July 9, 2026. The new code is ‘SB26Q2 CONTROL‘. New eligibility dates: business cannot have an existing Truist business checking account or have closed a business checking account with Truist within 365 days prior to promotion start date (on or after 4/7/2025). Hat tip to the reader KJV
It runs until April 2, 2026.
It runs through 9/25/30
extended until March 31, 2025
Update 7/2/24: The deal has been extended through 9/30/24
Update 4/3/24: The bonus has returned to the $400 level.
Update 5/7/23: The deal is back and good through 9/29/2023.
Update 4/4/23: Bonus now $400.
Offer at a glance
- Maximum bonus amount: 400 dollars
- Availability: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC
- Direct deposit required: No.
- Additional requirements: See below
- Hard/soft pull: Gentle pull
- ChexSystems: yes
- Credit card financing: ANY
- Monthly fees: ANY
- Early account closure fee:
180 days, bonus forfeitureNot anymore - Family boundary: ANY
- Expiration date: June 30, 2022
Offers
- Truist Bank offers a $400 bonus when you open a new business checking account and meet the following requirements:
- Use promo code SB26Q2 CONTROL
- Make cumulative qualifying deposits of
+ 1500 dollars+ 2000 dollars - Sign up and sign up for Truist Online Banking for Business within 30 days of account opening.
Fine Press
- Open a new Truist Simple Business Checking or Dynamic Business Checking account online or at a branch between March 1, 2022 and June 30, 2022. Within 30 days of opening a new business checking account, you must:
- Make qualifying cumulative deposits* of $1,500 or more to your new account.
Promotion registration is required at the time of account opening, using promotion code SB22NEW2BIZ2, in order to be eligible for a promotion reward. - Please refer to the account opening and registration section below for instructions.
- Qualifying deposits for new business checking accounts exclude debit card credit transactions and NSF fee refunds. Deposits can be made one time or cumulatively over 30 days.
- The new business checking account must remain open and in good standing with a balance ≥ $0.00 until the reward is processed to receive the reward. Reward forfeiture will occur if: (1) the business checking account is changed to an account type not included in this customer offer, (2) the business checking account is closed before the reward is processed, or (3) the new business checking account has a negative available balance at the time of qualification verification. Truist reserves the right to deduct the reward amount from the business checking account at the time of closing if the new business checking account is closed by the customer or Truist within 180 days of opening.
- You must be a new Truist Business Control customer. To be considered a new business checking customer, the business cannot have a Truist business checking account with the same Taxpayer Identification Number (TIN), including but not limited to an Employer Identification Number (EIN), prior to the start of the promotion or have closed a business account within 180 days of the start date of the promotion (on or after September 2, 2021).
- The business account holder must be 18 years of age or older at the time the account is opened.
- The account holder cannot be a non-resident alien.
- The business must be registered within the US with a physical business street address located in the following states: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC and have a valid US TIN or EIN. The qualifying checking account must be opened at a Truist branch in one of the states above or online.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
The Simple Business Checking Account has no monthly fees to worry about.
Early account termination fee
The account must be kept open for 180 days or the bonus will be forfeited. No more EATF.
Our verdict
Truist is the new name for the merged BB&T and SunTrust bank. BB&T has offered a $300 bonus in the past and SunTrust has offered a $400 bonus in the past. Now that this bonus is $400, it’s definitely worth doing.
Hat tip to the reader Mawney
Useful posts about bank bonuses:
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