Newest SunTrust Promotions: Best Offers, Coupons and Bonuses May 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 recently merged with BB&T 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 bank promotions a good reason to choose a bank and end up leaving money on the table. You don’t have to be one of them, especially since SunTrust brought back bonuses for opening new personal and business checking accounts.

If you’re in search of a new bank, take a closer look at the current SunTrust promotions:

SunTrust Promotions at a Glance

SunTrust is a full-service bank that offers checking and savings accounts, credit cards, loans and other products and services to consumers and businesses. Current SunTrust offers include incentives for new personal and business checking customers as well as credit cards. Here’s a closer look:

Best SunTrust Promotions: May 2020
AccountCash Value of BonusExpiration Date
SunTrust Essential Checking$200June 30, 2020
SunTrust Advantage Checking$400June 30, 2020
SunTrust Business Checking $200June 30, 2020
Travel Rewards Credit CardUp to $350None
Prime Rewards Credit Card $100None

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Current SunTrust Promotions

Some SunTrust Bank promotions require a promo code to earn the current bonuses, while others don’t. All of the promotions have requirements you must meet to qualify. Read on for more details about available promotions and decide if they are right for you.

SunTrust Essential Checking: $200 Bonus

SunTrust Essential checking 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 IDNotify by Experian. You can earn a $200 bonus when you open this account and meet certain criteria. Here’s more:

  • Cash value: $200
  • Minimum deposit to qualify: $1,000
  • Expiration date: June 30, 2020
  • How to get it: Open a SunTrust Essential checking account between April 1 and June 30 using promo code Q220ESSENTIAL, then set up and receive a $500 direct deposit for two consecutive statement cycles within the first 90 days.
  • When you’ll get it: Within eight weeks after meeting the requirements
  • Terms and conditions: This offer is only available to new SunTrust account holders who have not had an account within the last 180 days. Qualifying direct deposits include salary, pension and government deposits you receive on a regular basis.
  • Monthly fees: $7, but can be waived if you make 10 or more client-initiated transactions, maintain a $500 minimum daily balance, or make at least $500 in direct deposits
  • Promotion page: SunTrust Essential Checking bonus offer

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

  • Cash value: $400
  • Minimum deposit to qualify: $6,000
  • Expiration date: June 30, 2020
  • 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.
  • When you’ll get it: Within eight weeks after you meet the requirements
  • Terms and conditions: This offer is only available to new SunTrust personal checking customers with a mailing address in Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina South Carolina, Tennessee, Virginia and Washington, D.C.
  • Monthly fees: $20, but ways to avoid it include making $3,000 or more in qualifying direct deposits; having a combined minimum balance of $10,000 among other qualifying accounts; or having a linked SunTrust credit card, mortgage or loan
  • Promotion page: SunTrust Advantage Checking bonus offer

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SunTrust Business Checking: $200 Bonus

SunTrust also offers 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
  • Minimum deposit to qualify: $3,000
  • Expiration date: June 30, 2020
  • 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.
  • When you’ll get it: Within eight weeks after meeting the requirements
  • Terms and conditions: Qualifying deposits do not include debit or credit card transactions or NSF fees. This offer cannot be combined with other offers from the bank and is only available to new business checking customers.
  • Monthly fees: $5 to $25 unless you meet the requirements to waive the fees
  • Promotion page: SunTrust Business Checking bonus offer

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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 statement credit for TSA Precheck or Global Entry. They can also get an introductory 0% annual percentage rate for 15 months on balance transfers. Here’s more about the bonus:

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  • 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 of approval.
  • 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.
  • Monthly fees: $89 annual fee, waived the first year
  • Promotion page: Travel Rewards Credit Card bonus offer

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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%.

  • 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 of approval.
  • 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.
  • Monthly fees: No annual fee
  • Promotion page: Prime Rewards Credit Card Promotion

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See More: Debit Card Rewards Programs

SunTrust Bank login computer
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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 number 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 this:

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

Are SunTrust Bank Promotions Right for You?

If you live in SunTrust’s service area and are in the market for a new checking account or credit card, now might be the right time to cash in on the bank’s bonuses. 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, SunTrust’s best deals are reserved for customers with the highest balances, but even the basic accounts come with perks that are worth checking out.

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

Information on promotions was sourced from banks’ websites on April 30, 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.

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