SunTrust Bank Personal Checking Review: $150 – $250 Promotions

Find the latest SunTrust Bank Personal Checking promotions below, including $100, $200 and $300 bonuses.

SunTrust Bank has around 1,500 branches and 2,200 ATMs across the following states: Alabama, Arkansas, District of Columbia, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.

SunTrust Personal Checking review highlights:

• Current personal checking promotions
• Personal checking account details

Personal Checking account sign-up promotions from SunTrust Bank come around often, and currently you can choose from a $150 or $250 bonus. Be sure you use the promotion code when applying.

• Promotion Link: SunTrust Promotion
• Expiration: 06/17/2016
• Bonus Amount: $150 – $250
• Related Bonus: SunTrust Business Promotions
• Competitor Bonus: Chase, Citi, Regions, PNC
• Account(s) Eligible:
  • $250 Bonus: Select Checking & Select Savings
  • $150 Bonus: Essential Checking & Essential Savings
• Availability: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia.
• Hard/Soft Inquiry: Soft
• Opening Deposit Credit Card Funding Eligibility: Unknown
• Direct Deposit Requirement:
  • Essential Checking: $500+ within 60 days
  • Select Checking: $2,000+ within 60 days
• Direct Deposit Alternatives: Ally ACH, ACH, Discover, Paypal, ING, TCF, Capital One 360
• Monthly Service Fee:
  • Select Checking $15 Fee waived with at least one of the following:
    • Make $2000 or more in total qualifying monthly Direct Deposits, OR
    • Maintain a $2000 minimum daily Select Checking balance , OR
    • Hold $10,000 total combined relationship balances linked across deposits, investments, mortgages, and loans, OR
    • Linked Small Business Checking account
  • Essential Checking $7 Fee waived with at least one of the following:
    • Minimum of 10 banking transactions per statement cycle, OR
    • $500 or more in total qualifying monthly Direct Deposits per statement cycle, OR
    • $500 minimum daily balance, OR
    • Open as a student and receive a 5-year Student waiver
  • Minimum Opening Deposit: $100
  • Bonus Requirements: The promo code for just the Checking offer (Essential/Select Checking) is MAY16CHKONLYOL. The promo code for both a checking and savings bonus is MAY16CHKSAVOL.
    • Essential Checking $100
      • Open a new account online using the applicable promo code.
      • Deposit at least $100 at account opening or within 14 calendar days of account opening.
      • Deposit a minimum of $500 in qualifying Direct Deposits within 60 days of account opening.
    • Select Checking $200
      • Open a new account online using the applicable promo code.
      • Deposit at least $100 at account opening or within 14 days of account opening.
      • Deposit a minimum of $2,000 in qualifying Direct Deposits within 60 days of account opening.
    • Additional $50 Savings Bonus
      • Open a new Essential Savings or Select Savings account online using the applicable promo code.
      • Deposit a minimum of $5,000 or more in new balances into the new savings account within 14 calendar days of account opening.
      • Maintain a balance of $5,000 or more in the savings account for 60 days after checking account opening.
  • *Tips:
    • 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 and savings accounts must be 18 years old or older at the time of account opening.
    • You must earn the initial checking reward in order to be eligible for the additional savings reward.
    • A qualifying Direct Deposit is an electronic credit of your salary, pension, Social Security or other regular monthly income deposited to your account by your employer or an outside agency. Transfers from one account to another or deposits made at a banking location or ATM do not qualify as a Direct Deposit.
    • If either the Checking or Savings account is closed by the client or SunTrust within 180 days after opening, SunTrust reserves the right to deduct the reward amount from those accounts at the time of closing.

Author’s Verdict

The $2,000 direct deposit requirement for the $200 Select Checking is a bit steep, but it’s definitely worth the trouble for double the bonus if you’re able. Otherwise, a standard $100 bonus for $500 in direct deposits isn’t a bad deal. Luckily the extra $50 savings account bonus has the same requirements for either account option.