SunTrust New Checking Account $250 / $500

Hi,
Came across the Checking Account offer at SunTrust bank:
https://www.suntrust.com/lp/check…ckingoffer
Terms and Conditions for the SunTrust Q1 2018 Online Checking Offer: Q118CHECKINGOL
To be eligible to participate in the promotion:
You must be a new SunTrust personal checking client. Clients with an existing personal checking account with SunTrust (either as the primary or secondary account holder) are not eligible. You must not have closed a personal checking account within 180 days of the promotion start date (on or after July 7, 2017). The primary account holder of the participating checking account must be 18 years old or older at the time of account opening. SunTrust employee-designated accounts are not eligible for this promotion. Offer available only to U.S. residents with a U.S. address and a valid U.S. taxpayer identification number. The checking account must be opened online with, and the client must have, an address in the following states: Alabama, Arkansas, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia and the District of Columbia.
Offer Information:
Get up to $500 for opening a new SunTrust personal checking account.
Earn $250 for opening a new Select Checking account, or
Earn $500 for opening a new Signature Advantage® account,
AND BY
Depositing at least $100 within 14 days of account opening, and
For Select Checking accounts, completing at least $1,000 in Direct Deposits* within 60 days of account opening, or for Signature Advantage accounts, completing at least $2,000 in Direct Deposits* within 60 days of account opening, and
Making at least 10 debit card purchases** within 60 days of account opening.
Offer valid for new SunTrust personal checking accounts opened from January 3 through April 30, 2018. Enrollment in the promotion is required. (See Account Opening & Enrollment Instructions below.)Reward Processing:
After meeting the qualification requirements, the applicable reward will be credited to the new checking account up to 8 weeks after all qualifications are met. "Q1 2018 Online Checking Offer Reward" will appear on the monthly checking account statement when the reward is credited to the account holder’s checking account. The reward amount will be based on the type of checking account open when SunTrust verifies that all promotional offer qualifications have been completed. This promotion is only applicable once per client. SunTrust 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 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. If the checking account is closed by you or SunTrust within 180 days after opening, SunTrust reserves the right to deduct the reward amount from the account at the time of closing.