$250 or $150 Checking Bonuses for opening new Suntrust Bank Account

Opening up bank accounts and fulfilling a few requirement is one of the quickest way to earn bonus cash. The cash earned from these bonuses is considered interest and you will receive 1099_INT form to be filled with your taxes. With that said I’ve opened several bank accounts in the past and made some quick bucks. We actually made $1300 on on our our trips last year while vacationing . 

Suntrust bank has a new offer to earn $250 and $150 bonus  Full details here – LINK.

Offer available only to U.S. Residents with a U.S. address in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia. Reward is limited to one per household. Offer ends June 17 2016.

Here is a quick rundown of the $250 offer – 

• To Earn $200: Open a new Select Checking account online, deposit at least $100 into the new account within 14 days of opening, and make $2,000 or more in qualifying direct deposits within 60 days of account opening
• earn $50 when you also open a new Select Savings account and deposit at least $5,000 in new balances within 14 days of account opening. You must maintain a balance of $5,000 for 60 days after checking account opening.
• Avoid the $15 Monthly Maintenance Fee with AT LEASTone qualifier below:
  • Make $2000 or more in total qualifying monthly Direct Deposits OR
  • Maintain a $2000 minimum daily Select Checking balance OR
  • Hold $10,000 total combined relationship balances linked across deposits, investments, mortgages, and loans OR
  • Linked Small Business Checking account

I think the first option to earn $200.00 should be easy for most folks. There are several options to do direct deposit into a bank account other than your paycheck and Doctor of Credit has a good summary of what counts as direct deposit in his post here : LINK

Here is a quick rundown of the $150 offer –

• To Earn $100: Open a new Essential Checking account online, deposit at least $100 into the new account within 14 days of opening, and make $500 or more in qualifying direct deposits within 60 days of account opening
• Plus, earn $50 when you also open a new Essential Savings account and deposit at least $5,000 in new balances within 14 days of account opening. You must maintain a balance of $5,000 for 60 days after checking account opening.
• Avoid the $7 Monthly Maintenance Fee with AT LEAST one qualifier below:
  • Minimum of 10 banking transactions per statement cycle OR
  • $500 or more in total qualifying monthly Direct Deposits per statement cycle OR
  • $500 minimum daily balance OR
  • Open as a student and receive a 5-year Student waiver