In February 2019, SunTrust Banks announced its pending purchase by BB&T for $28 billion in an all-stock deal, creating the sixth largest U.S. In 2013, it was ordered to pay $1.5 billion "to resolve claims of shoddy mortgage lending, servicing and foreclosure practices," and it reached a preliminary $968 Million settlement with the US government in 2014. Through its various subsidiaries, the company provided corporate and investment banking, capital market services, mortgage banking, and wealth management - with nearly 24,000 employees. The bank's primary businesses included deposits, lending, credit cards, and trust and investment services. The bank's most direct corporate parent was established in 1891 in Atlanta, where it was headquartered.Īs of September 2016, SunTrust Bank operated 1,400 bank branches and 2,160 ATMs across 11 southeastern states and Washington, D.C. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. ![]() The terms also state that you'll need to have received marketing communication from Truist in order to be eligible, but we've seen reports that this isn't actually enforced.SunTrust Banks, Inc. Keep in mind that this offer is widely available – applying to 17 states plus D.C. Overall, it's not the biggest bonus we've seen, but Truist consistently gets great reviews from their customers and the promotion's requirements are reasonable at just two direct deposits necessary, so we think it's worthwhile. This is an overhaul of their product lineup, which simplified the consumer options (we consider this a good thing!). Truist Bank is offering a $200 bonus to bring excitement and attention to their new, flagship personal checking account, Truist One Checking. Read full terms Truist One Checking - $200 bonus (Expired) The reward will be deposited into the new checking account within 4 weeks of verifying the Direct Deposit qualification requirement.Within 90 days of account opening, complete two qualifying direct deposits totaling $1,000 or more.Open a new One Checking account online or in-branch using promo code TRUISTCHKQ223.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. That one comes with higher limits, but does have a small (and avoidable) maintenance fee. If your company has surpassed these thresholds, Truist offers their Dynamic Business Checking account. 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. This is up from $300 when it was most recently offered. (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.). 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. ![]() Here are the active Truist bonuses that you can benefit from today: 1. 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.Īdditionally, 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. 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. 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. WIth that said, as of early 2022, they were still rolling out the merger. SunTrust and BB&T merged in 2019 to form Truist, becoming the sixth-largest bank in the U.S.
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