Teammate Instructions for Enrolling Clients in the Offer: Enrollment in the promotion is required and must be completed in the Truist Promotions Center using Promo Code SB22NEW2BIZ2 and indicating the last four digits of the business checking account number opened when prompted.
†Terms and Conditions for the Truist New to Business Checking 2 Offer: SB22NEW2BIZ2
Offer information:
Earn $200. Open a new Truist Simple Business Checking or Dynamic Business Checking account online or in a branch from March 1, 2022 through June 30, 2022. Within 30 days of opening the new business checking account, you must:
- Make cumulative Qualifying Deposits* of $1,500 or more into your new account.
Enrollment in the promotion is required at the time of account opening, using promo code SB22NEW2BIZ2, in order to be eligible for a promotion reward. Please refer to the Account Opening and Enrollment section below for instructions.
*Qualifying Deposits for new business checking accounts exclude debit card credit transactions and NSF fee refunds. Deposits can be made on a one-time basis or cumulatively over the 30 days.
To be eligible to participate in the promotion:
- 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 with the same Taxpayer Identification Number (TIN), including but not limited to an Employer Identification Number (EIN), prior to promotion start or have closed a business account within 180 days of the promotion start date (on or after September 2, 2021).
- 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 processing:
The reward will be credited to the new business checking account up to 4 weeks after the qualification requirements have been verified. When the cash reward is deposited, it will appear in your new business checking account monthly statement as Reward SB22NEW2BIZ2. This offer is only applicable once per client. If multiple accounts are opened with the same owners/signers and Truist reasonably believes that the legal entities associated with such accounts engage in substantially similar or limited business activities, Truist may limit the number of accounts that are eligible for the promotional offer to five. Truist may report the value of any reward received through any offer to the Internal Revenue Service, as required by law. Any applicable taxes are the responsibility of the recipient.
Reward forfeiture:
The new business checking account must remain open and in good standing with a balance ≥$0.00 until the reward is processed in order to receive the reward. 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.
Other terms:
The offer is non-transferable and may not be combined with any other offers. This offer is subject to change and may be discontinued at any time.
A minimum account opening deposit of $100 is required for a new business checking account.
For interest-bearing accounts, you may obtain the current interest rate and APY on your account by calling 844-4TRUIST or 844-487-8478. See Truist’s Commercial Bank Services Agreement to obtain information about the interest calculation. Fees may reduce your earnings.
Online Account Opening and Promotion Enrollment Instructions:
The business checking account can be opened via the “Open Now” link on the offer landing page or by entering the offer code SB22NEW2BIZ2 in the Truist online account application. After reviewing the terms and conditions, make sure “Accept” is selected in the “Special Offer” page to be enrolled for this offer. Accounts opened without the Promotion Code will not be eligible to participate in the offer.
Branch Account Opening and Promotion Enrollment Instructions:
Visit your local Truist branch to open a new eligible business checking account. During the account opening process, ask the Truist representative to enroll you in the New to Business Checking 2 Offer and provide them with promotion code SB22NEW2BIZ2. The offer may not be combined with any other offers.
Truist Bank, Member FDIC. ©2022, Truist Financial Corporation. Truist, Truist Purple and the Truist Logo are service marks of Truist Financial Corporation.
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1 No charge for the first 50 total combined transactions per monthly statement cycle. Transactions include deposits and deposited items, checks, ATM transactions, point-of-sale purchases, and ACH debits. Wire transfer services and commercial and treasury management services may also be included. There are fees for exceeding stated limits. See Truist’s Business Deposit Account Fee Schedule for additional details.
2 No charge for the first $2,000 of cash deposits per monthly statement cycle. There are fees for exceeding stated cash processing limits. See Truist’s Business Deposit Account Fee Schedule for additional details.
3 No charge for the first 500 total combined transactions per monthly statement cycle. Transactions include deposits and deposited items, checks, ATM transactions, point-of-sale purchases, and ACH debits. Wire transfer services and commercial and treasury management services may also be included. There are fees for exceeding stated limits. See Truist’s Business Deposit Account Fee Schedule for additional details.
4 No charge for the first $25,000 of cash deposits per monthly statement cycle. There are fees for exceeding stated cash processing limits. See Truist’s Business Deposit Account Fee Schedule for additional details.
5 The combined average relationship ledger balance is calculated as the client’s highest average combined monthly ledger balance during the 3 most previous months in any Truist business checking account, business money market account, business savings account or business CD. We perform a calculation for each of the prior three (3) calendar months (“monthly review”); for each monthly review, this calculation determines the highest average monthly balance of your combined eligible business deposit balances. We will use the highest average monthly balance amongst those 3 monthly reviews to assign your Tier level as follows: Preferred Tier if combined eligible business balances are $50,000 or greater, Plus Tier if combined eligible business balances are between $25,000 and $49,999.99, Core Tier if combined eligible business balances are less than $25,000.
6 Balance for Dynamic Checking rewards is calculated as the highest three-month average balance in combined Truist business checking, savings, money market accounts and CDs.
7 SkyMiles Debit Card initial annual fee will be based on the sum of the highest monthly average balance of your combined Truist business deposit balances on that date. Thereafter, we will use the highest average monthly balance of the 3 most previous months to determine your annual fee. Annual Fee tiers are defined as follows: a) Highest 3 Month Average Balance of less than $25,000 is charged an annual fee of $120 b) Highest 3 Month Average Balance of $25,000 and less than $50,000 is charged an annual fee of $90 and c) Highest 3 Month Average Balance of $50,000 or more is charged an annual fee of $60.
Annual fee will be calculated at the end of the month prior to the annual fee being charged. See full Delta SkyMiles Debit Card Terms and Conditions for complete program details.
8 Standard Monthly Maintenance fee is waived when properly linked to business relationship. See Truist Personal Deposit fee schedule for additional details on Truist Dimension Checking.
