If you’re thinking about opening a new bank account or acquiring a new credit card, bank bonuses and promotions can give you some additional cash.
Numerous banks, such as Truist Bank, provide seasonal and continuous bonuses and offers for personal and business clients.
I have personally maintained Truist consumer bank accounts and have fulfilled some of the bonuses detailed below.
Truist extends bonuses on both consumer and business offerings, often with generous amounts as they strive to expand their deposit base following the merger of SunTrust and BB&T into Truist.
**Current Truist Bank Bonuses**
Here’s a list of the ongoing Truist promotions and bonuses that you can take advantage of today:
**Truist One Checking: $400 Bonus**
Truist offers a $400 bonus for new account holders who establish a Truist One Checking personal checking account.
Benefiting from this offer is straightforward. The qualifying checking account must be opened online and have a mailing address in: AL, AR, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV, or DC.
**Truist Small Business Checking: $400 Bonus**
Truist provides a $400 bonus for account holders who open a Truist Simple Business Checking or Dynamic Business Checking account.
While many business checking accounts require a considerable deposit to qualify for the bonus, Truist necessitates only a relatively small deposit. The business’s physical address must be located in AL, AR, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV, or DC.
**Truist Enjoy Travel credit card: 20,000 Bonus Miles**
The Truist Enjoy Travel credit card is an excellent option.
It provides benefits and earning potential that rival larger American Express and Chase cards, all with no annual fee.
You can earn 20,000 bonus miles through a current promotion, which can be exchanged for $200.
**Requirements:**
1. Apply for and receive the Truist Enjoy Travel credit card.
2. Spend $1,500 within the first three months of opening the account.
Present rewards structure: Earn 2x miles per $1 on airfare, car rentals, and hotels. Earn 1x miles per $1 on other qualifying purchases. Receive a statement credit up to $85 for TSA PreCheck® or Global Entry® every four years. A Loyalty Travel Bonus ranging from 10% to 50% is available based on your Truist deposit relationship when redeeming rewards for travel. Points do not expire as long as the account remains open.
**FAQs**
**What are bank bonuses?**
Bank bonuses are cash incentives and perks that banks offer when customers complete specific requirements. They generally involve depositing a certain sum of new money into a new account and maintaining it for a period.
Banks offer these bonuses to attract new customers and recognize loyal ones.
**What should I be cautious of?**
While free money is enticing, review the fine print associated with any sign-up bonus. Most bonuses require a series of direct deposits within a specified timeframe after opening the account. The funds often need to stay in the account for a few months to qualify for the bonus. Some offers might be available online or in-branch only. Consider any associated account fees, typically charged monthly. Check APR rates, particularly after any promotional offers.
Every promotion has its own terms and conditions. Ensure you understand any restrictions and obligations related to the offer. Information can usually be found on the bank’s promotion page or through a banking representative.
Now, let’s explore the various available bonuses, how to leverage them, and the advantages of opening a new Truist consumer or business account.
**Is A Truist Bank Bonus Right For You?**
Truist is an excellent choice if you’re initiating a new account while maximizing your finances with bonus opportunities. Most bonuses are available exclusively for new Truist customers. Existing Truist account holders should consult with customer service before applying for a new credit card or account to confirm bonus eligibility.
Consider exploring other options before establishing a new account. Many issuers are currently offering bonuses, but reviewing the requirements and eligibility criteria can help you find the most suitable options.
Be aware of eligibility requirements to prevent any surprises. Some accounts come with a monthly service fee, but it can often be waived by meeting certain conditions. Numerous banks present ongoing and seasonal promotions, but be cautious of expiration dates as they frequently change.