Truist currently offers a set of valuable bonuses across both personal and business checking accounts. Open a new One Checking account, receive a direct deposit of $500, and make 15 debit card purchases to earn a $400 bonus, for an above-average return on deposit of 80%. That's one of the best bank bonuses available right now. Keep reading to learn more about how to get this bonus, and what you can earn by opening a new business checking account as well. Truist Bank Bonuses: July 2024 Truist Bank Bonuses: July 2024 Compare Promos Are Truist Bank Bonuses Worth It? FAQs How We Track Bank Account Bonuses How to Get the Bonus Bonus Restrictions and Account Fees How to Get the Bonus Bonus Restrictions and Account Fees How to Get the Bonus Bonus Restrictions and Account Fees If you’ll be using this account long-term it might be better to pick a business checking account with fewer fees. Truist currently offers some of the best bank bonuses available, making this a good time to open an account if you're eligible. Truist bank accounts are available to residents of Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Washington, D.C. The One Checking account promotion—$400 for a $500 direct deposit and 15 debit card purchases—provides an outstanding 80% return on your deposit, although the purchase requirement means it takes a bit more work to get than some other offers. If you typically make debit card purchases anyway, this shouldn't be too much of a hassle. This offer is much better than the median return of about 18% among checking account bonuses we track, and the bonus amount is higher than the median of $300. The business account offers above are not quite as good, but they're still well above average. Each one offers $400 in return for a $1,500 deposit, for a 26.7% return on deposit. Truist's offer here is many times better than the median return among business checking bonuses we track, which is just 4%. Big banks and SunTrust merged in 2019 to create a new financial institution: Truist. It’s the eighth-largest bank in the county, with over 2,000 branches in 17 states and Washington, D.C. Yes, Truist bank bonuses are taxable just the same as if you’d earned that money as interest. Truist will report bonus payouts on a Form 1099-INT to you and the IRS at the end of the year. If you’re a U.S. resident living within one of the states that Truist Bank operates in (Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and Washington, D.C.), you’re generally eligible for the bonus. You’ll also need to be a new customer, so you can’t have any other Truist bank accounts of the same type, or have had one that you recently closed. No. You’re only eligible for a bonus from Truist Bank if you’re opening a new bank account within the promotion type. For example, having an open checking account from the same bank will usually disqualify you from other checking account promotions, but you may qualify for a checking account bonus if you only have a Truist savings account. Truist’s bank bonuses are quite good. They’re relatively easy to get, and the payout is quick. That said, there usually are quite a few bank promotion offers available at any given time, so it’s worth checking these out too. Every business day, Investopedia tracks 23 banks and the current, new, extended, and expired account bonuses they offer customers. Banks are chosen based on consumer interest and we add banks to our list as needed to ensure we're always reporting on the best bank bonuses. We update our picks for thebest bank account bonuses, thebest checking account bonuses, and thebest savings account bonusesas needed, chosen based on bonus amounts, bonus requirements, and account features. We aim to provide you with news about checking and savings account bonus offers so you can take advantage of them as soon as possible. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Truist. "Open Checking." Truist. "Truist One Checking Account Overview," Pages 1-2. Truist. "Open a New Small Business Checking Account—and Earn $400." Trusit. "Business Deposit Accounts Fee Schedule," Page 3. Trusit. "Business Deposit Accounts Fee Schedule," Page 4. Truist. "BB&T and SunTrust Complete Merger of Equals to Become Truist." Federal Reserve. "Large Commercial Banks." Truist. "Fast Facts." Internal Revenue Service. "About Form 1099-INT, Interest Income." Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Truist. "Open Checking." Truist. "Truist One Checking Account Overview," Pages 1-2. Truist. "Open a New Small Business Checking Account—and Earn $400." Trusit. "Business Deposit Accounts Fee Schedule," Page 3. Trusit. "Business Deposit Accounts Fee Schedule," Page 4. Truist. "BB&T and SunTrust Complete Merger of Equals to Become Truist." Federal Reserve. "Large Commercial Banks." Truist. "Fast Facts." Internal Revenue Service. "About Form 1099-INT, Interest Income." Related Terms What Is a Certificate of Deposit (CD)? Pros and Cons A certificate of deposit (CD) is a type of savings account offered by banks and credit unions. It pays a fixed interest rate for a set period of time. more What Is a Savings Account and How Does It Work? A savings account is a bank or credit union account designed to keep your money safe while providing interest. Learn how savings accounts work. more Interbank Deposit: What it Means, How it Works In an interbank deposit, one bank holds funds on behalf of another bank in an arrangement that requires both banks to hold a "due to" account for the other. more Value Date: What It Means in Banking and Trading A value date is a future point in time used to value a product that can otherwise see fluctuations in its price. more Basel III: What It Is, Capital Requirements, and Implementation Basel III is a set of reform measures intended to improve regulation, supervision, and risk management in the international banking sector. more National Bank: Meaning, History, Examples In the United States, a national bank is a commercial bank supervised by the Office of the Comptroller of the Currency. moreTruist Bank Bonuses: July 2024
Truist Bank : One Checking - $300
Truist Bank : Simple Business Checking - $400
Truist Bank : Dynamic Business Checking - $400 [EXPIRED]
Compare Truist Bank Promotions
Promotion Bonus Amount Promotion Expiry Qualifications Truist One Checking $400 October 30, 2024 Direct deposit, debit purchases Truist Simple Business Checking $400 September 30, 2024 Deposit Are Truist Bank Bonuses Worth It?
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See Also
Truist $400 Checking Bonus [AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC] - Doctor Of CreditTruist $400 Business Checking Bonus [AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC] - Doctor Of Credit[Expired] Truist $500 Checking Bonus [AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC] - Doctor Of CreditTruist Bank Promotions And Bonuses July 2024: Earn Up To $400 For Opening An Account Discover Bank Bonuses: July 2024 Huntington Bank Bonuses: July 2024 Best Checking Account Bonuses for July 2024 Capital One Bonuses: July 2024 Bank of America Promotions: July 2024 Best Savings Account Bonuses for July 2024