Newest SunTrust Promotions, Bonuses and Offers: August 2020

These SunTrust Bank promotions put extra cash in your pocket.

SunTrust Bank serves customers in the Southeast and Mid-Atlantic regions, including Florida, Georgia, Alabama, Arkansas, Maryland, North Carolina, South Carolina, Mississippi, Tennessee, Virginia and Washington, D.C. Although SunTrust merged with BB&T last year to form Truist, it still operates as an independent bank and continues to offer cash bonuses to new customers who sign up for certain accounts.

GOBankingRates survey found that most respondents don't consider promotions a good reason to choose a bank. More than 65% said they've never looked at other banks' promotions.

Rather than join that crowd, take a closer look at the current SunTrust Bank promotions. This guide gives you the details on the following:

SunTrust Bank Promotions at a Glance

Here's a quick look at the SunTrust promotions available this month:

Best SunTrust Promotions: August 2020
AccountCash Value of BonusExpiration Date
Travel Rewards Credit CardUp to $350None
Prime Rewards Credit Card$100None

Current SunTrust Bank Promotions

SunTrust's current promotions include cash bonuses for select credit card accounts. While there aren't any checking, savings or business account promotions for this month, subscribe to Keep reading for more details.

Best Credit Card Account Promotions

If you're an existing customer with a checking account, you can take advantage of the latest SunTrust offers for credit cards. You can earn up to $350 in statement credits while enjoying the cards' other benefits.

Travel Rewards Credit Card: Up To $350 Bonus

The SunTrust Travel Rewards Mastercard is a good choice for customers who seek travel-related benefits and earnings. It comes with no foreign transaction fees and the opportunity to earn up to 3% cash back on purchases.

New account holders can earn a $250 statement credit, as well as a $100 statement credit for TSA Precheck or Global Entry every five years. They can also get an introductory 0% annual percentage rate for 15 months on balance transfers.

Here's more about the bonus:

  • Cash value: Up to $350
  • Minimum spend to qualify: $3,000
  • Expiration date: None
  • How to get it: You must spend $3,000 in qualifying purchases within the first three months after opening the account.
  • When you'll get it: One to two billing cycles after meeting the conditions
  • Terms and conditions: Qualifying purchases include new retail purchases only. Credits or returns, cash advances and balance transfers don't count towards the $3,000 in purchases required.
  • Annual fee: $89 annual fee, waived the first year
  • Promotion page: Travel Rewards Credit Card bonus offer

Prime Rewards Credit Card: $100 Bonus

You can earn 1% cash back with the SunTrust Prime Rewards credit card and redeem your rewards as cash, gift cards or free travel. You'll also get an introductory three-year balance transfer interest rate at the prime rate with no balance transfer fee in the first 60 days, saving you an additional 3%.

New cardholders get a $100 statement credit when they meet certain criteria. Here's more:

  • Cash value: $100
  • Minimum spend to qualify: $500
  • Expiration date: None
  • How to get it: You must spend $500 in qualifying purchases within the first three months after opening the account.
  • When you'll get it: One to two billing cycles after meeting the requirements
  • Terms and conditions: Qualifying purchases include new retail purchases only. Credits or returns, cash advances and balance transfers don't count towards the $3,000 in purchases required.
  • Annual fee: None
  • Promotion page: Prime Rewards Credit Card bonus offer

Compare: Best Travel Credit Cards

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Best Checking Account Promotions

Unfortunately SunTrust isn't offering any checking account promotions at this time. If you're in the market to open a bank account, there are a number of banks offering free money and perks for opening an account.

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See These: Best Checking Accounts of 2020

Best Business Account Promotions

Unfortunately SunTrust isn't offering any business checking account promotions at this time.

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Past SunTrust Bank Promotions

You may have missed out on these past promotions, but knowing what previous Suntrust offers were available can help you gauge what may be available in the future.

SunTrust Essential Checking: $200 Bonus

SunTrust Essential is more than just a basic checking account. It comes with features like fee-free online and mobile banking, debit card security controls and complimentary identity theft protection.

You can earn a $200 bonus when you open this account and meet certain criteria. Here's more information:

  • Cash value: $200
  • Expiration date: Expired
  • How to get it: Open a SunTrust Essential checking account between April 1 and June 30 using SunTrust coupon code Q220ESSENTIAL. Next, set up and receive a $500 direct deposit for two consecutive statement cycles within the first 90 days.

SunTrust Advantage Checking: $400 Bonus

SunTrust Advantage Checking is an interest-earning checking account with tiered benefits based on your account balance. This account offers complimentary official checks and money orders and a discounted safe deposit box.

You can earn an extra $400 when you open an Advantage Checking account and meet certain requirements. Here are the details:

  • Cash value: $400
  • Expiration date: Expired
  • How to get it: Open a SunTrust Advantage Checking account using promo code Q220ADVANTAGE, then set up and receive direct deposits totaling $3,000 per billing cycle for two consecutive periods.

SunTrust Business Checking: $200 Bonus

Business customers can choose from three checking accounts for small business owners: Simple Business Checking, Primary Business Checking and Business Advantage Checking. Each account comes with perks like loyalty cash bonuses, personal checking accounts for business owners and options for waiving the monthly maintenance fee.

When you open one of these accounts, you're also eligible to earn a $200 bonus. Here's how:

  • Cash value: $200
  • Expiration date:  Expired
  • How to get it: Open a Simple Business Checking, Primary Business Checking or SunTrust Business Advantage Plus account using promo code SB20Q2CHECKING. Next, make two cumulative deposits of at least $1,500 within 30 days of opening the account.

Check Out: Best Business Credit Cards

How To Open a Suntrust Account

You can open a SunTrust account online or at a local bank branch. You'll need to provide the following information:

  • Social Security or Tax ID number
  • Driver's license, state ID or passport
  • Documents that show your legal name and permanent address

How To Fund Your New Account

You'll also need to fund your account when you open it. There are three ways to do so:

  • Transfer money from another bank
  • Deposit a check through the mobile app
  • Visit a local branch or ATM to deposit money

Learn More On: How To Use and Find Your SunTrust Bank Login

Is Now the Time To Make the Switch to SunTrust?

If you're not a current SunTrust customer, there's still time to cash in on lucrative bonuses on personal or business checking accounts. SunTrust is an especially attractive option if you're a small business owner who appreciates the convenience of doing your personal and business banking at the same place.

Like other banks, the best SunTrust bonuses are reserved for customers with the highest balances, but even the basic accounts come with perks that are worth checking out. With SunTrust you'll have access to a full-service bank that offers checking and savings accounts, credit cards, loans and other products and services.

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Information on promotions was sourced from banks' websites on June 3, 2020. Additional requirements may apply. Offers and terms are subject to change.

This content is not provided by SunTrust. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by SunTrust.

This article has been updated with additional reporting since its original publication.

About the Author

Cynthia Bowman

Cynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more.

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