Truist Business Checking: Earn Up to $800 in Cash with a Simple Deposit

Truist is once again running a solid cash bonus for small business owners. You can pocket up to $800 just by opening a new business checking account and parking some cash for a few months. The best part? The Simple Business Checking account has no monthly maintenance fee, so you won't be nickel-and-dimed while you wait for that bonus to hit. Here's a breakdown of what you need to do to get your hands on the money.

How the Bonus Tiers Work

This offer gives you two clear paths to earn. Both require you to act within the first 30 days after opening your account.

If you deposit at least $2,500, you'll get $400. But you can't just dump the money in and withdraw it the next day. You need to keep a daily balance of at least $2,500 from day 30 through day 90. That's a two-month holding period. For the $800 tier, you'll need to deposit $10,000 and maintain that same daily balance threshold over the same window.

Once you've met the requirements, Truist says the reward will land in your account within 10 business days. Not instant, but still pretty fast as far as bank bonuses go.

• $400 tier: deposit $2,500 within 30 days, maintain $2,500 daily balance from days 30-90
• $800 tier: deposit $10,000 within 30 days, maintain $10,000 daily balance from days 30-90
• Bonus credited within 10 business days after qualification verified

Which Account Should You Pick?

You have two choices: Simple Business Checking or Dynamic Business Checking. The Simple account is the obvious pick for most people because it has zero monthly fees. You get 50 free transactions per month and $2,000 in free cash deposits. That's plenty for a small side hustle or a new LLC.

Dynamic Business Checking is aimed at businesses with higher volume. It costs $25 a month, but that fee can be waived if you keep an average relationship balance of $5,000. It also comes with 500 free transactions and $25,000 in free cash deposits. Unless you're running a high-cash business like a restaurant or retail store, the Simple account is likely all you need.

Either way, you can qualify for the bonus with either account type. So don't feel pressured to pick the one with higher fees.

• Simple Business Checking: $0 monthly fee, 50 transactions/month, $2,000 free cash deposits
• Dynamic Business Checking: $25 monthly fee (waived with $5,000 balance), 500 transactions/month, $25,000 free cash deposits
• Both accounts qualify for the bonus

Who Can Apply?

This offer is for new Truist business checking customers only. If your business already has a Truist business checking account under the same Tax ID (EIN or SSN), you're not eligible. Also, if you closed a business checking account within the last 180 days, you'll need to wait.

You must be at least 18 years old and a U.S. resident (non-resident aliens are not eligible). Your business needs to be registered in the U.S. with a physical street address in one of the eligible states listed above. And you'll need a valid Tax ID or EIN.

When you apply, you'll need to provide your NAICS code (industry classification) and other business details. Don't worry — Truist's application system lets you search for the code by describing your industry.

• Must be a new Truist business checking client (no existing account with same TIN/EIN)
• No business account closure within 180 days before promotion start
• Business must be registered in an eligible state with a U.S. physical address
• Personal info needed: SSN, 2 years address history, employment/income details
• Minimum opening deposit: $100

What to Watch Out For

First, don't close the account within 180 days. If you do, you'll lose the bonus. And Truist can even deduct the bonus amount from your closing balance. So set a reminder to keep the account open for at least six months.

Second, the balance maintenance period is strict. Your daily balance must never dip below the required amount from day 30 to day 90. If it does, even for one day, you might not get the bonus. Plan to leave the money untouched during that window.

Third, qualifying deposits exclude debit card credits and NSF fee refunds. So stick to ACH transfers, wire transfers, or cash deposits. Also, you can make the deposit in one lump sum or over several transactions — just hit the total within 30 days.

Finally, remember that the bonus is taxable income. Truist will likely report it to the IRS, so set aside some of that cash for tax time.

• Account must remain open for 180 days to keep the bonus
• Daily balance must stay at or above the deposit threshold from days 30-90
• Debit card credits and NSF refunds don't count as qualifying deposits
• Bonus is taxable — plan accordingly

Bottom Line

• Earn $400 or $800 with a deposit of $2,500 or $10,000, respectively.
• No monthly fee on Simple Business Checking — great for low-cost banking.
• Soft pull on credit, so no impact on your score.
• Bonus posts within 10 business days after meeting requirements.
• Offer ends March 24, 2027 — but you must use a single-use promo code.

Common Questions