Snag a $500 Truist Checking Bonus: What You Need to Know

If you're in the market for a new checking account and live in one of the eligible states, Truist is offering a solid $500 bonus. It's not the easiest bonus out there — you'll need to set up direct deposits and make some debit card purchases — but the payout is worth the effort. Let's break down exactly what you need to do to get that cash.

How to Qualify for the $500 Bonus

To earn the bonus, you need to open a new Truist One Checking or Truist Marquee Checking account during the offer period. You must use the promo code LP000A5B322303P when you apply — don't skip this step, or you won't get the bonus.

Then, within 120 days of opening the account, you need to complete two things: receive at least two qualifying direct deposits that total $2,000 or more, and make at least 20 qualifying debit card purchases. All transactions must post to your account within that 120-day window.

Once you've met both requirements, Truist will deposit the $500 bonus into your account within 10 business days. Just make sure your account is still open, not restricted, and has at least a penny in it.

Who Can Get This Offer?

This offer is for new personal checking clients only. You're not eligible if you're currently the primary owner of a Truist personal checking account, or if you closed one on or after July 14, 2025. Also, you must be at least 18 years old, a U.S. resident with a valid taxpayer ID, and not a Truist employee.

You can open the account online or in a branch, but your mailing address must be in one of these states: AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV, or DC.

Avoiding Monthly Fees

The Truist One Checking account has a $12 monthly fee, but you can easily avoid it. Here are the ways to get it waived:

• You're under 25 or 62 or older
• You have $500 or more in total qualifying direct deposits per statement cycle
• You maintain a total combined ledger balance of $500 or more across your Truist accounts
• You have a personal Truist credit card, mortgage, or consumer loan (including LightStream)
• You have a linked small business checking account
• You're a student

A Few Things to Watch Out For

The debit card requirement can be a bit of a hassle — you need 20 purchases, which means you can't just set up direct deposit and forget it. Plan to use your card for small everyday buys like coffee or gas.

Also, keep in mind that the bonus is considered taxable income. Truist will report it to the IRS, so expect to pay taxes on that $500 come tax season.

One nice thing: there's no early account termination fee, so you can close the account after you get the bonus without penalty. But I'd recommend keeping it open for at least six months to avoid any potential issues.

Bottom Line

• Open a new Truist One or Marquee Checking account with promo code LP000A5B322303P by February 2, 2027.
• Set up at least $2,000 in direct deposits and make 20 debit card purchases within 120 days.
• The $500 bonus posts within 10 business days after you meet the requirements.
• Avoid the $12 monthly fee by keeping a $500 balance or having $500+ in direct deposits each month.
• No early termination fee, but plan to keep the account open for a while to be safe.

Common Questions