Last Friday I stopped by the Georgetown branch of SunTrust bank to open up a business and personal checking account. Although there are no SunTrusts in Southern California or Phladelphia, the two cities I spend most of my time in, I do hope to get back to Washington, DC one day and more importantly, SunTrust is currently offering 25,000 Delta Skymiles for opening up a business checking account and up to 15,000 miles for opening up a personal checking account.
I dropped in without an appointment and a loan specialist sitting on the right side of the circular building welcomed me and asked is she could be of assistance. She was well aware of the Delta promotion and gave me a small form to fill out. After filling that out, presenting two forms of ID, and my business license (you can use your SSN if your business is not an LLC or incorporated), she got to work inputting all the information on her computer.
Twenty minutes later, my accounts were set-up, my PIN and online account access were set up, I signed all the requisite forms, and made initial deposits. Only $100 is required to open an account, though you need to maintain at least $1,000 in your business account to avoid a $36 maintenance fee.
Here’s where it gets interesting: You can add up to six additional authorized users to your account. Each one must fill out a one-page form, present two forms of identification (this info can be faxed), and be accessed the $55 annual fee for the business account (or $20-55 annual fee for the personal account [$20 gets you 7,500 miles and $55 gets you $15,000 miles]), but each person on your account is eligible for the bonus and your Skymiles number can be designated for each person.
So for $330 you can add six authorized users to your business account and rack up an additional 150,000 SkyMiles. You can do the same for your personal account.
While I am not enthusiastic about collecting SkyPesos, availability is decent on V Australia and I still am holding out some hope that I can score at least an economy ticket to Tahiti on Air France or Air Tahiti Nui next spring.