Truist One Checking $300 Bonus

Truist, has a very solid offer for a new One Checking account, but $100 less than when it was previously offered. Available mostly along the East Coast and Southern states with the ability to open online, Truist is offering a $300 welcome bonus when you open a new One checking account and set up direct deposit.

How To Earn The Bonus

The Truist One Checking promotion requires you to set up direct deposits in order to earn the $300 bonus.

Full requirements to receive this bonus are:

1. Open a new One Checking account online or in-branch using promo code TRUISTCHKQ323.
2. Within 90 days of account opening, complete two qualifying direct deposits totaling $1,000 or more.
3. The reward will be deposited into the new checking account within 4 weeks of verifying the Direct Deposit qualification requirement.
4. Terms Apply. Member FDIC.

Open an One Checking account before the bonus expires on October 31, 2023

The fine print

• Clients with an existing personal checking account or who have closed a personal checking account on or after 7/26/22 with Truist are not eligible.
• Account holder must be 18 or older at the time of account opening.
• Truist employees are not eligible.
• Offer available only to US residents with a valid US taxpayer identification number.
• The qualifying checking account must be opened in a Truist branch in one of the following states or online and have a mailing address in: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC.
• A qualifying Direct Deposit is an electronic credit of your salary, pension, Social Security or other regular monthly income deposited into your new checking account by your employer or outside agency.
• Transfers made from one account to another or deposits made via a branch, ATM, online transfer, mobile device, debit/prepaid card number or the mail are not eligible direct deposits.

How does this personal checking offer from Truist compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

U.S. Bank

U.S. Bank Smartly® Checking

Bonus

up to $1000

Account Type

Personal Checking

Expires In

29 days

Requires

• Direct Deposit
• Min Balance (optional)

Full Details

Citi®

Citi Priority Relationship Tier

Bonus

up to $2000 w/activities

Account Type

Personal Checking

Expires In

99 days

Requires

• Min Balance

Full Details

Discover

Cashback Debit

Bonus

up to $360

Account Type

Personal Checking

Expires In

Limited Time

Requires

• Card Spend

Full Details

Why Truist Bank?

SunTrust and BB&T merged in 2019 to form Truist, becoming the sixth-largest bank in the U.S. with more than 10 million customers. WIth that said, as of early 2022, they were still rolling out the merger. They position themselves as being community-focused, pledging to "lend or invest $60 billion to low- and moderate-income and minority borrowers" from 2020-2022 alone.

New customers can now open an account under the Truist brand, but all SunTrust and BB&T accounts will eventually be folded in – so if you're interested, stop by whichever brand is most readily available in your area.

Truist assures that most customers won't need updated account numbers – and that they're committed to making the process easy for those few customers that do – but, as with any merger, know that the risk of inconvenience in needing new checks, debit cards, or in updating bills that draw from the account is certainly a possibility once the merger is finalized.

Additionally, it's safe to assume that their products or tools are in line with the other major national banks – IE, a wider breadth of options but lower interest rates than most credit unions or online-only banks.

Learn more in our Truist Bank review

One Checking

Truist Bank recently overhauled their personal checking account line up, simplifying down to just two products. Truist One is their flagship account, and has tiered benefits based on how much you keep in your Truist accounts. Keep in mind, the balances across your entire "Truist One Portfolio" count toward these tiers, including checking, savings, CDs, IRAs, and investments.

They call these tiers "levels", and there are 5 in total, from Level 1 to Level Premier.

Level 1 is the default, and comes with a 10% loyalty bonus for any rewards you earn on your Truist credit cards, free checks, a fee-free savings account, and $100 negative balance buffer for eligible customers.

To reach Level 2, you'll need to maintain at least $25,000 in the account, and it bumps your loyalty bonus to 30% plus a few non-Truist ATM reimbursements each month.

At the highest level, you'll need $100,000 in your portfolio. In exchange, you earn a 50% loyalty bonus, unlimited ATM reimbursements, waived maintenance fees, and a significant discount on their Delta SkyMiles® Debit Card annual fee.

Fees

One Checking does charge a monthly fee of $12, but there are ways to get this waived:

• Make $500 in total qualifying direct deposits per statement cycle.
• OR, maintain a total combined ledger balance of $500 or more in Truist related accounts across personal deposits and all investments as reflected on the business day before your statement cycle end date.
• OR, have a linked Truist credit card, mortgage or consumer loan (excluding LightStream®), or linked small business checking account.
• OR, be a student under 25.

Apply now for an One Checking account to earn the $300 bonus offer

Truist Bank Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Get a better idea of how well Truist Bank can serve you by checking out their branches closest to your area: