Truist Business Checking $400 Bonus

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Truist Bank : Business Checking


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Offer Expires In

How To Earn The Bonus

  1. Open a new Truist business checking account using the promo code SB24Q2BIZAFL.
  2. Within 30 days, deposit $1,500.
  3. During the same 30 days, enroll in online banking and log-in.
  4. Bonus will be credited to your new account within 4 weeks of meeting requirements.

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Truist Bank is offering small business owners one of the easiest business checking account bonuses we've seen to date: $400 for depositing $1,500 into your new account. (Well, you'll also have to enroll and sign-in to online banking, but we don't really consider that as much of a hurdle...). This is up from $300 when it was most recently offered.

The Truist Simple Business Checking account has no monthly fee and comes with 50 free transactions each month – in other words, it's perfect for a small business just starting out. If your company has surpassed these thresholds, Truist offers their Dynamic Business Checking account. That one comes with higher limits, but does have a small (and avoidable) maintenance fee.

Keep in mind that you'll have 30 days to complete both requirements, and that your new account will need to remain open for 6 months in order to avoid forfeiting the bonus.

How To Earn The Bonus

The Truist Business Checking promotion requires you to deposit and maintain a minimum balance in order to earn the $400 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

  • You must be a new Truist business checking client.
  • To be considered a new business checking client, the business cannot have an existing Truist business checking account, or have closed a SunTrust now Truist, or Truist business checking account within 180 days prior to the promotion start date (on or after Oct 5, 2023), with the same Taxpayer Identification Number (TIN), including but not limited to an Employer Identification Number (EIN).
  • The business account holder must be 18 years or older at time of account opening.
  • The account holder cannot be a non-resident alien.
  • The business must be registered within the U.S. with the business’s physical street address located in the following states: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC and have a valid U.S. TIN or EIN.
  • The qualifying checking account must be opened in a Truist branch in one of the above-listed states or online.
  • Reward forfeiture will occur if: (1) the business checking account is changed to an account type not included in this client offer, (2) the business checking account is closed prior to the reward being processed, or (3) the new business checking account has a negative available balance at the time of qualification validation.
  • Truist reserves the right to deduct the reward amount from the business checking account at the time of closing if the new business checking account is closed by the client or Truist within 180 days after opening.

How does this business 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:


Chase Business Complete Checking®

Account Type
Business Checking
Expires In
56 days
  • Min Balance
  • Card Spend (optional)

Live Oak

Live Oak business savings

Account Type
Business Savings
Expires In
17 days
  • Min Balance

U.S. Bank

Business Checking

up to $800
Account Type
Business Checking
Expires In
95 days
  • Min Balance
  • Bill Pay (optional)
  • Card Spend (optional)

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.

Simple Business Checking

Simple Business Checking is a straightforward entry-level business checking account with with no monthly maintenance fee. You'll get 50 transactions and up to $2,000 in cash processing at no charge.


Simple Business Checking does charge a monthly maintenance fee of $5, but there are ways to get this waived:

  • Waived for 12 months. Then avoid by:
  • Make 5 transactions each month.

Dynamic Business Checking

Dynamic Business Checking is for businesses requiring a little more out of their checking account. You'll get 500 transactions and up to $25,000 in cash processing at no charge.


Dynamic Business Checking does charge a monthly maintenance fee of $20, but there are ways to get this waived:

  • Maintain an average relationship balance of at least $5,000.

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