Truist One Checking $400 Bonus

Truist, has a very solid offer for a new One Checking account, and $100 more 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 $400 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 $400 bonus.

Full requirements to receive this bonus are:

1. Open a new One Checking account online or in-branch using promo code TRUISTCHKQ223.
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.

Open an One Checking account before the bonus expires on June 1, 2023

The fine print

• Clients with an existing personal checking account or who have closed a personal checking account on or after 1/20/22 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:

Citi®

Citi Priority Account

Bonus

up to $2000

Account Type

Personal Checking

Expires In

53 days

Requires

• Min Balance

Full Details

U.S. Bank

U.S. Bank Smartly® Checking

Bonus

up to $400

Account Type

Personal Checking

Expires In

20 days

Requires

• Direct Deposit

Full Details

Fifth Third Bank

Personal Checking

Bonus

$225

Account Type

Personal Checking

Expires In

30 days

Requires

• Direct Deposit

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

Fees

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

• Make $500 in total qualifying monthly direct deposits.
• 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 $400 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.

Fortunately, Truist Bank has a total of 2122 branches in the United States.

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