Truist Bank Promotions: $500 New Account Bonus at SunTrust

In mid-2019, two banks, BB&T and SunTrust, formally merged to become Truist Bank. For now, the two banks are still operating under their old names as they work through the mechanics of merging two banks. As you can imagine, it’s not a fast process!

If you want information on how this will work, you can read their Truist Disclosure document or their merger informational site. For six months after the Truist Merger Date, the accounts will be separate at each bank and presumably, you can open at either bank before they are officially merged. The Truist Merger Date was December 6th, 2019.

I look forward to seeing what promotions the newly merged bank will offer. With the merger, they’ve become the 6th largest bank in the nation so you know they’ll want to grow even more and that means getting more deposits. No one wakes up and says “eh, 6th is good enough.” 🙂

We will keep this page updated with the latest information as we learn it.

Table of Contents
  1. About Truist Bank
  2. How to Get $200 from Truist Bank
    1. SunTrust $200 Promotion
    2. BB&T Promotions
  3. Find a Truist Bank near You
  4. Truist Bank Routing Numbers
  5. How Does This Promotion Compare?

About Truist Bank

Truist Logo

With the merger complete, Truist Bank is insured by the FDIC under FDIC Certificate #9846, which was formerly the certificate of BB&T. They are a Non-member Bank of the Federal Reserve System and headquartered in Charlotte, NC.

We’re in that odd middle period when the SunTrust and BB&T assets are being merged so it’ll be a bit until the two entities are completely merged. For now, SunTrust’s old certificate #867 shows that it is inactive – “Merged or acquired without government assistance” – as of December 7th, 2019.

How to Get $200 from Truist Bank

For now, since they are operating separately, there are sometimes separate promotions for SunTrust and BB&T.

We keep a bigger list of banks offering new account cash bonuses in case this offer doesn’t appeal to you. Sometimes there are banks offering similar amounts (such as Wells Fargo’s $200 offer, but that expired).

SunTrust $200 Promotion

SunTrust Checking Bonus Summary

  • What you get: $200 cash bonus
  • Who qualifies: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, or the District of Columbia
  • Promotion code: NM421
  • Where to open: Online or in-branch (bring a code)
  • How to get it:
    • Open a New Advantage Checking account,
    • Within the first three full months, receiving $500 or more in total qualifying monthly Direct Deposits per statement cycle within 90 days,
    • Get a $200 bonus!
  • When does it expire: 9/30/2021

Act quickly because the only available SunTrust promotion is on their New Advantage Checking Account product. You can get $200 when you open a New Advantage Checking account and within the first three full months after opening the account, and receiving $500 or more in total qualifying monthly Direct Deposits per statement cycle within 90 days.

Open to residents of Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, or the District of Columbia. You cannot have an existing personal checking account with SunTrust or have closed one within 365 days of the promotion start date (which was 7/1/2021).

The account has a $20 monthly fee but you avoid it by satisfying one of these conditions (one of which is required for the bonus):

  • Make $3,000 or more in total qualifying monthly Direct Deposits OR
  • keeping a $10,000 total combined relationship balances linked across deposits and investments OR
  • Linked personal SunTrust Credit Card, Mortgage, or Loan OR
  • Linked Small Business Checking account

You can open this online or in a branch. If you want to open in a branch, click through to the offer and look below the brown “Open Now” button. There is a link that says “Or open at a SunTrust branch with a coupon” – click that to open up a window where you can enter your email address to get the coupon emailed to you.

You must use the promotion code NM421 (it’s listed on the promotional page) to get the bonus.

Also, review our guide on bank account bonuses so you know what to look for with bonuses like this.

Learn more about this offer
(Expires 9/30/2021)

BB&T Promotions

BB&T doesn’t have an active promotional off. For quite some time they offered a $250 cash bonus whenever you opened a BB&T Bright Banking Checking Account. To get that bonus, you’d have to set up a direct deposit and receive two monthly direct deposits of at least $100 and then use their billpay system three times.

I suspect they stopped this program because they knew they were going through this merger. This does give us an idea of what they may do going forward since both banks offered similar programs.

As we saw at the start of the new year, the current SunTrust promotion now matches the previous BB&T one.

Find a Truist Bank near You

There isn’t a Truist Bank website yet so you’ll want to find each bank’s respective branch locator.

Suntrust Locator Screenshot

The BB&T locator looks more like a traditional bank locator. What’s nice is that as a customer, you can now use either BB&T or SunTrust ATMs as if they were yours.

Truist Bank Routing Numbers

This can get a little tricky to look up because Truist Bank is a merger of two banks, BB&T and SunTrust. The ABA routing number you use will depend on where you opened your account. The simplest way is to look on your personal checks (see: how to find your routing number) but if you don’t have one, you’ll have to use this:

If you previously had a BB&T account, your ABA routing number will be based on the state you opened your account:

StateRouting Number
District of Columbia054001547
New Jersey031204710
North Carolina053101121
South Carolina053201607
West Virginia051503394

Fortunately, SunTrust is easier. The SunTrust ABA routing number is 061000104.

How Does This Promotion Compare?

SunTrust has a comparable offer to what’s currently available. The $200 bonus is solid but the deposit requirement may be high for some people.

Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH21 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.

Chase Total Checking® – $225

Chase Bank will give you $225 when you open a Total Checking account and set up and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

HSBC Premier Checking – $450

HSBC has an offer where you can get $450 for eligible new customers who open an HSBC Premier checking account and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months. Click here to learn more about this offer.

Huntington Bank – up to $500

If you are a resident of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia then you could get up to $500 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region. Click here to learn more about Huntington Bank offers.

We have Chase giving $200 for opening a Total Checking account. It lags the bonus of SunTrust but it’s relatively easy to get. You can read more about the Chase offer here.

No matter which offers you choose, you walk away with a few hundred dollars for your trouble!

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About Jim Wang

Jim Wang is a thirty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

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  1. Ray says

    Heads up there’s regional restrictions for SunTrust

    > The qualifying checking account must have a mailing address in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, or the District of Columbia.

    • Jim Wang says

      Yes, there are, like with many banks, you can only open an account if you live where they have a location. Thanks Ray!

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