Truist's $400 Business Checking Bonus: A Straightforward Deal for Small Business Owners

If you run a small business and have been thinking about opening a new checking account, Truist Bank has a promotion that might catch your eye. They're offering a solid $400 cash bonus for new business clients, and the requirements are refreshingly simple compared to some other bank offers. No jumping through hoops with direct deposits or maintaining a huge balance—just a straightforward deposit requirement. Let's break down whether this deal makes sense for your business and what you need to know to get that $400.

How to Snag the $400

Getting this bonus is a three-step process, and timing is everything. First, you need to be a new business checking customer for Truist. That means you (or your business with the same Tax ID) haven't had a Truist business checking account open in the last 180 days, or ever.

When you apply online, by phone, or in a branch, you must use the promo code SB25Q4CHECKING. This is non-negotiable—forget the code, and you forfeit the bonus. The application window closes on April 2, 2026.

Once your account is open, the clock starts ticking. You have 30 days to move at least $2,000 into the new account. This can be a single deposit or a few adding up to the total. After Truist verifies you've met the terms, they'll drop the $400 into your account within four weeks.

Choosing Between Simple and Dynamic Checking

You have two account options for this offer, and the right one depends on your business's transaction volume and how you manage cash.

• Truist Simple Business Checking: This is the no-frills, starter option. There's no monthly maintenance fee, which is great. You get 50 free transactions per month and can deposit up to $2,000 in cash each month without a fee. It's perfect for solopreneurs or very small operations with lower activity.
• Truist Dynamic Business Checking: Designed for growing businesses, this account offers 500 free monthly transactions and a much higher cash deposit allowance ($25,000 free per month). It carries a $25 monthly fee, but you can waive it by maintaining a $5,000 average combined balance across your Truist business accounts.

Practical Advice and Potential Pitfalls

This is a clean offer, but a few details are easy to miss and could cost you the bonus.

• Mark Your Calendar: The 30-day deadline for the $2,000 deposit is strict. Set a reminder for 25 days after opening to ensure you don't forget.
• Don't Close the Account Early: If you close the account within 180 days of opening it, Truist will take the $400 bonus back. Plan to keep it open for at least six months.
• Watch Your Balance Before the Bonus Hits: Your account needs to have at least one cent in it and be in 'good standing' when Truist verifies your eligibility and when they pay the bonus. Don't zero it out right after making the qualifying deposit.
• Check Your State: This offer is only available to businesses with a physical address in the listed states and Washington, D.C. If you're outside those areas, you're out of luck.
• Gather Your Docs: Applying requires your business info (Tax ID, NAICS code), estimated revenue, and personal details like your SSN and address history. Have it ready to streamline the process.

Is This Bonus Worth It For You?

A $400 return on a $2,000 deposit you were planning to make anyway is an excellent short-term return. The lack of a direct deposit requirement is a huge plus, offering flexibility.

The main consideration is whether a Truist account fits your business long-term. If you're in their service area and the transaction limits/cash deposit fees of the Simple account work for you, it's a fantastic deal with no ongoing cost. If you need the Dynamic account but can't maintain the $5,000 balance to waive the fee, you'll need to weigh the $300 in net bonus ($400 - ($25 fee x 6 months)) against other options.

Ultimately, if you need a new business checking account and meet the geographic requirement, this is one of the simpler, more attractive bonuses on the market right now.

Bottom Line

• Use promo code SB25Q4CHECKING during application—it's mandatory.
• The $2,000 deposit must be completed within 30 days of opening the account.
• You must keep the account open for at least 180 days to keep the bonus.
• Choose the Simple account for no monthly fee or the Dynamic account for higher transaction limits (fee waivable).

Common Questions