*Terms and Conditions for the SunTrust “Q1 2018 Small Business Checking Offer”:

SB18Q1CHECKING

To be eligible to participate in the promotion: 
You must be a new SunTrust business checking client. To be considered a new business checking client, the business cannot have an existing SunTrust business checking account with the with the same Taxpayer Identification Number (TIN), including but not limited to an Employer Identification Number (EIN), prior to promotion start. with the account’s mailing address in Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia or the District of Columbia and have a valid U.S. The account holder cannot be a non-resident alien. The business client cannot have closed a business checking account within 180 days of the promotion start date [on or after July 7, 2017]. Employee-designated accounts are not eligible for this promotion. The business account holder must be 18 years or older at time of account opening. Public Fund and IOLTA accounts are not eligible for this promotion. TIN or EIN.

Offer information: 

Earn $200. Existing business checking clients are not eligible for this offer. The business must be registered within the U.S. FIRST, open a Simple Business Checking, Primary Business Checking or SunTrust Business Advantage Plus account online or in a branch between January 3, 2018 and April 30, 2018, inclusive, and enroll in the offer by following the Branch Account Opening and Promotion Enrollment Instructions below.

THEN, within 30 days of opening the new eligible business checking account, you must make cumulative qualifying deposits (as described in the Qualifying Deposits section below) of $1,500 or more into your new account.

Qualifying deposits:
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.

Reward processing:
After meeting all qualification requirements, the cash reward will be deposited into the new eligible business checking account in up to 8 weeks after all qualifications are met. If the $1,500 new checking account deposit requirement is not met, you will not be eligible for the reward. When the cash reward is deposited, it will appear in your new business checking account monthly statement as “Q1 2018 Small Business Checking Reward.” This offer is only applicable once per client. 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 minimum balance of $0.01 until the reward is processed in order to receive the reward. SunTrust may report the value of any reward received through any offer to the Internal Revenue Service, as required by law. 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. SunTrust 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 SunTrust within 180 days after opening.

Other terms:
A minimum account opening deposit of $100 is required for a new business checking account. For SunTrust Business Advantage Plus Checking, the Annual Percentage Yield (APY) is currently 0.01% for account balances $0–$9,999 and 0.03% for account balances $10,000 or more in the fee schedule. The above-quoted Annual Percentage Yield is accurate as of November 3, 2017, and subject to change at any time. On $100 in base Cash Rewards, these clients would earn an additional $10, totaling $110 in Cash Rewards earnings.

⁴ The two additional SunTrust Business Advantage Plus Checking accounts must share the same TIN as the main SunTrust Business Advantage Plus account. On $100 in base Cash Rewards, these clients would earn an additional $25, totaling $125 in Cash Rewards earnings.