SunTrust Bank Bonuses: $500 Checking & $200 Business Offers

• Earn $500 when opening a new SunTrust Advantage Checking account.
• Then, within the first three months, complete at least $3,000 in Direct Deposits* into the new checking account, per statement cycle, for two consecutive statement cycles.
• Enrollment in the promotion with promo code Q420ADVANTAGE is required at the time of account opening.

Advantage Checking Account

To qualify for $0 Monthly Maintenance Fee:

• Make $3,000 or more in total qualifying monthly Direct Deposits OR
• Hold $10,000 total combined relationship balances linked across deposits and investments OR
• Linked personal SunTrust Credit Card, Mortgage, or Loan OR
• Linked Small Business Checking account

Otherwise, the Monthly Maintenance Fee is $20.

• Balanced Banking and Essential Checking accounts are not eligible for this promotion.
• For accounts opened with a SunTrust representative, enrollment in the promotion in the Promotions Center is required at the time of account opening.
• For accounts opened online, it is required that the Promotion Code be provided in the online application at account opening. Accounts opened online without the promotion code applied will not be considered eligible for a reward.
• You must be a new SunTrust personal checking client.
• Clients with an existing personal checking account with SunTrust (either as the primary or joint account holder) are not eligible.
• You must not have closed a personal checking account within 180 days of the promotion start date.
• The primary account holder of the participating checking account must be 18 years old or older at the time of account opening.
• Trust employees and/or employee-designated accounts (either as the primary or joint account holder) are not eligible for this promotion.
• Offer available only to U.S. residents with a U.S. address and a valid U.S. taxpayer identification number. The qualifying checking account must have a mailing address in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, or the District of Columbia.
• The reward will be credited to the new checking account up to 4 weeks after the Direct Deposit qualification requirement has been verified. 
• “Advantage Checking Offer Reward Q4 2020” will appear on the monthly checking account statement when the reward is credited to the account holder’s checking account.
• If the checking account opened in response to a Promotional Offer is converted to another account type or product, it may no longer be eligible to receive the promotional offer.
• This promotion is only applicable once per account and per client. SunTrust may report the value of any reward received through any offer to the Internal Revenue Service as required by law.
• Any applicable taxes are the responsibility of the recipient.
• The new checking account must remain open and in good standing with a minimum balance of $0.01 until the reward is processed in order to receive the reward.
• If you close an account that was opened in response to a Promotional Offer, you are no longer eligible for that promotional offer and will not be able to receive any rewards applicable to that offer.
• If the checking account is closed by you or SunTrust within 180 days after opening, SunTrust reserves the right to deduct the reward amount from the account at the time of closing.

• Enrollment in the promotion with promo code Q420ESSENTIAL is required at the time of account opening.
• Earn $200 when opening a new SunTrust Essential Checking account.
• Then, within the first three full months after opening the account, complete at least $500 in Direct Deposits, per statement cycle, for two consecutive cycles.
• The reward will be deposited into your new account up to 4 weeks after all qualifications have been verified.

Essential Checking Account

Qualify for $0 Monthly Maintenance Fee by:

• Making 10 or more client-initiated transactions per statement cycle OR
• Making $500 or more in total qualifying monthly Direct Deposits per statement cycle OR
• Keeping a $500 minimum daily collected balance OR
• Opening as a student and receive a 5 year Student waiver
• Otherwise, the Monthly Maintenance Fee is $7.

• Offer Information:
  • Balanced Banking and SunTrust Advantage Checking accounts are not eligible for this promotion. Essential checking accounts linked to another personal checking account are not eligible to participate in the offer. Enrollment in the promotion is required at the time of account opening using the Promo Code Q420ESSENTIAL.
  • For accounts opened online, it is required that the Promotion Code, Q420ESSENTIAL, be provided in the online application at account opening. Accounts opened online without the promotion code applied will not be considered eligible for a reward.
  • For accounts opened with a SunTrust representative, enrollment in the promotion in the Promotions Center is required at the time of account opening.

• To be eligible to participate in the promotion:
  • You must be a new SunTrust personal checking client.
  • Clients with an existing personal checking account with SunTrust (either as the primary or joint account holder) are not eligible.
  • You must not have closed a personal checking account within 180 days of the promotion start date (on or after April 4, 2020).
  • The primary account holder of the participating checking account must be 18 years old or older at the time of account opening.
  • Trust employees and/or employee-designated accounts (either as the primary or joint account holder) are not eligible for this promotion.
  • Offer available only to U.S. residents with a U.S. address and a valid U.S. taxpayer identification number.
  • The qualifying checking account must have a mailing address in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, or the District of Columbia.

• Reward Processing:
  • The reward will be credited to the new checking account up to 4 weeks after the Direct Deposit qualification requirement has been verified.
  • Verification takes place at the end of a statement cycle. 
  • “Essential Checking Offer Reward Q4 2020” will appear on the monthly checking account statement when the reward is credited to the account holder’s checking account.
  • If the checking account opened in response to a Promotional Offer is converted to another account type or product, it may no longer be eligible to receive the promotional offer.
  • This promotion is only applicable once per account and per client. SunTrust may report the value of any reward received through any offer to the Internal Revenue Service as required by law.
  • Any applicable taxes are the responsibility of the recipient.

• Reward Forfeiture:
  • The new checking account must remain open and in good standing with a minimum balance of $0.01 until the reward is processed in order to receive the reward.
  • If you close an account that was opened in response to a Promotional Offer, you are no longer eligible for that promotional offer and will not be able to receive any rewards applicable to that offer.
  • If the checking account is closed by you or SunTrust within 180 days after opening, SunTrust reserves the right to deduct the reward amount from the account at the time of closing.

• Other Terms:
  • The minimum opening deposit (due within 14 days from account opening) for a new checking account is $100.
  • The offer is non-transferable and may not be combined with any other checking offers.
  • This offer is subject to change and may be discontinued at any time.
  • All promotional payouts will be processed no later than October 31, 2021 at which point this promotion and any related disbursements will be considered final, and no further disbursements will be made.
  • Direct Deposit: A qualifying Direct Deposit is an electronic credit of your salary, pension, Social Security or other regular monthly income deposited into your new SunTrust Essential Checking account by your employer or an outside agency.
  • Transfers made from one account to another or deposits made via a branch, ATM, online transfer, mobile device, debit card/prepaid card number or the mail are not eligible to meet this requirement.
  • Activity included on a partial statement will not be evaluated. The first 3 full statements will be evaluated for the Direct Deposit qualification.

• Must use the offer code SB20Q4CHECKING
• FIRST, open a new eligible SunTrust business checking account online or in a branch
• THEN, within 30 days of opening the new eligible business checking account, you must make cumulative qualifying deposits of $1,500 or more into your new account.

Simple Business Checking

• No balance requirement. Waived monthly maintenance fee for the first 12 statement cycles. Make 5 debit or credit transactions per month to waive the monthly maintenance fee
• 50 items/transactions included
• $2,000 cash processing included
• 10% Cash Deposit Bonus when you redeem cash back from your SunTrust Business Credit Card directly into a SunTrust Business deposit account

Primary Business Checking

• $1,500 minimum average balance to avoid the monthly maintenance fee
• 150 items/transactions included
• $5,000 cash processing included
• 10% deposit bonus when redeeming for Cash Back into a SunTrust business deposit account with your SunTrust Business Cash Rewards Credit Card

Business Advantage Plus

• $20,000 minimum balance in your main Business Advantage Plus account or $20,000 combined minimum balance in all three linked Business Advantage Plus accounts
• 500 items/transactions included
• $10,000 cash processing included
• 10% discount on Online Payroll Monthly Maintenance Fee
• Two additional SunTrust Business Advantage Plus Accounts included
• 25% deposit bonus when redeeming for Cash Back into a SunTrust business deposit account with your SunTrust Business Cash Rewards Credit Card

• To be eligible to participate in the promotion:
  • You must be a new SunTrust business checking client.
  • To be considered a new business checking client, the business cannot have an existing SunTrust business checking account with the same Taxpayer Identification Number (TIN), including but not limited to an Employer Identification Number (EIN), prior to promotion start.
  • Existing business checking clients are not eligible for this offer. IOLTA and Public Funds accounts are not eligible for this promotion.
  • The business client cannot have closed a business checking account within 90 days of the promotion start date (on or after July 3, 2020).
  • The business account holder must be 18 years or older at time of account opening.
  • The account holder cannot be a non-resident alien.
  • The business must be registered within the U.S. with the business’s physical street address located in Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia or the District of Columbia and have a valid U.S. TIN or EIN.

• Qualifying deposits:
  • Qualifying deposits for new business checking accounts exclude debit card (credit) transactions and NSF fee refunds.
  • Deposits can be made on a one-time basis or cumulatively over the 30 days.

• Reward processing:
  • The reward will be credited to the new business checking account up to 8 weeks after the qualification requirements have been verified.
  • When the cash reward is deposited, it will appear in your new business checking account monthly statement as “Q4 2020 Small Business Checking Reward”.
  • This offer is only applicable once per client. If multiple accounts are opened with the same owners/signers and SunTrust reasonably believes that the legal entities associated with such accounts engage in substantially similar or limited business activities, SunTrust may limit the number of accounts that are eligible for the promotional offer to five.
  • SunTrust may report the value of any reward received through any offer to the Internal Revenue Service, as required by law.
  • Any applicable taxes are the responsibility of the recipient.

• Reward forfeiture:
  • The new business checking account must remain open and in good standing with a minimum balance of $0.01 until the reward is processed in order to receive the reward. Reward forfeiture will occur if: (1) the business checking account is changed to an account type not included in this client offer, (2) the business checking account is closed prior to the reward being processed, or (3) the new business checking account has a negative available balance at the time of qualification validation. SunTrust 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 client or SunTrust within 180 days after opening.

• Other terms:
  • A minimum account opening deposit of $100 is required for a new business checking account.
  • The offer is non-transferable and may not be combined with any other offers. 
  • This offer is subject to change and may be discontinued at any time.

• Online Account Opening and Promotion Enrollment Instructions:
  • The business checking account can be opened via the “Open Now” link on the offer landing page or by entering the offer code “SB20Q4CHECKING” in the SunTrust online account application. After reviewing the terms and conditions, make sure “Yes” is selected in the “Special Offer” page to be enrolled for this offer.
  • Accounts opened without the Promotion Code will not be eligible to participate in the offer.

• Branch Account Opening and Promotion Enrollment Instructions:
  • Visit your local SunTrust branch to open a new eligible business checking account.
  • During the account opening process, ask the SunTrust representative to enroll you in the “Q4 2020 Small Business Checking Offer” and provide them with promotion code “SB20Q4CHECKING”.
  • The offer may not be combined with any other offers.

• Enrollment in the promotion is required at the time of account opening with promo code Q320ADVMMA.
• Open a new SunTrust Advantage Money Market Savings account.
• Deposit a minimum new money balance into the Money Market Savings within 30 days of account opening per the info below, and maintain that balance for 90 days after account opening.
• $100 bonus: $10,000 deposit required within 30 days of account opening.
• $300 bonus: $25,000 deposit required within 30 days of account opening.
• $600 bonus: $100,000 deposit required within 30 days of account opening.

SunTrust Advantage Money Market Savings account

This account has a $17 monthly fee. Waive this fee by doing any of the following:

• Set up automatic transfer(s) totaling at least $100
• Maintain a $10,000 minimum daily collected balance

• Offer available only to U.S residents with a U.S. address and a valid U.S. taxpayer identification on number.
• The qualifying account must have a mailing address in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia or the District of Columbia.
• Enrollment in the promotion is required at the time of account opening.
• Only new deposits made to a single eligible Advantage Money Market Savings account within 30 days of account opening will be considered for qualification.
• The final reward amount will be based on the lowest balance tier ($10,000, $25,000 or $100,000) that is maintained for 90 days after opening the new SunTrust Advantage Money Market Savings account.
• The reward will be credited to the new money market savings account up to 4 weeks after all qualification on requirements have been verified.