
Truist is offering a $500 checking bonus, its highest since the merger launch. The $12 monthly fee is waived with a $500 balance or direct deposit. Available in 18 states and D.C.
Truist is offering a $500 cash bonus on new Truist One Checking accounts, a promotion that marks a return to the higher end of its incentive range. The bank, formed by the merger of BB&T and SunTrust, typically offers $200 for new checking accounts. The $500 bonus last appeared at launch.
The Truist One Checking account carries a $12 monthly fee. That fee is waived for customers who maintain a $500 combined ledger balance or set up direct deposits.
The offer is available to new account holders in 18 states and Washington, D.C.: Alabama, Arkansas, Georgia, Florida, Indiana, Kentucky, Maryland, Mississippi, North Carolina, New Jersey, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and the District of Columbia.
Customers who have held a BB&T, SunTrust, or Truist account since Feb. 1, 2021, are not eligible for the bonus.
The higher bonus suggests Truist is competing aggressively for deposits in its core Southeast and Mid-Atlantic footprint. For a bank that has not offered the $500 bonus since its merger launch, the return signals a willingness to spend on customer acquisition. The $12 monthly fee, waived with a relatively low balance threshold, keeps the barrier to entry low for new customers.
Truist did not specify an end date for the promotion.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.