Traditional banking with no overdraft fees

Summary: Truist is a financial services company established as a result of the BB&T Bank and SunTrust Bank merger. Truist offers financial products and services for personal, small business, commercial, corporate, and institutional clients. It operates over 1,900 branches in the U.S. and has a network of more than 2,800 ATMs.

Read more: The 20 largest banks in the U.S. by asset size

Truist product overview

Truist One Checking

Truist’s basic checking requires a $50 minimum opening deposit. It also charges a $12 monthly maintenance fee, which can be waived if you meet certain requirements. There are no overdraft fees associated with this account and Truist offers a $100 negative balance buffer,* which allows eligible clients to overdraw their account up to $100.

*The Balance Buffer is only available with Truist One Checking and allows eligible clients to overdraw their account up to $100. There is no decision required as this feature is automatically available when a client qualifies.

To INITIALLY QUALIFY for the Balance Buffer, the requirements below must be met:

A single direct deposit of at least $100 made within the last 35 calendar days

To REMAIN QUALIFIED for the Balance Buffer, the requirement below must be met:

A single direct deposit of at least $100 made within the last 35 calendar days. After qualifying, if 35 calendar days pass without a Direct Deposit of at least $100, you will no longer have access to the Balance Buffer.
For accounts that qualify for the Balance Buffer, once the account is overdrawn by $100, additional transactions will typically be declined or returned.

For accounts that qualify for the Balance Buffer and also have Overdraft Protection, Truist will use the Balance Buffer first. If the account has neither, transactions that exceed the account balance will typically be declined or returned.

Truist Marquee Checking

The Truist Marquee Checking account requires a $100 minimum opening deposit and earns of 0.01% APY. There is a $35 monthly maintenance fee, but this can be waived by meeting certain minimum balance or relationship requirements. Truist Marquee accountholders can also enjoy loyalty bonuses, higher transaction limits on ATM withdrawals and debit card spending, and higher mobile check deposit and Zelle payment limits.

Truist Confidence Account

The Truist Confidence Account is designed to help customers build a strong financial foundation with no overdraft fees and no traditional paper checks, helping account holders only spend the cash they have. It requires a minimum opening deposit of $25 and comes with a $5 monthly maintenance fee (waivable).

Truist One Savings

The Truist One Savings account requires a minimum opening deposit of $50 and charges a $5 monthly maintenance fee unless you meet the requirements to waive it. This account currently pays 0.01% APY.

Truist Confidence Savings

The Truist Confidence Savings account requires a lower minimum opening deposit of $25 and charges a waivable $5 monthly maintenance fee. This account doesn’t offer paper checks and doesn’t charge any overdraft fees.

Truist One Money Market Account

The money market account from Truist allows customers to earn interest on their balance. This account requires a minimum opening deposit of $50 and a monthly maintenance fee of $12, which can be waived with a $15,000 minimum daily ledger balance.

Certificates of deposit (CDs)

Truist Bank offers CDs with terms ranging from seven days to 60 months. There is a minimum opening deposit of $1,000 to $2,500 required, depending on your CD term.

Credit and debit cards

Visa Debit Cards: Truist offers a personal debit card that gives customers easier access to their funds.
Credit cards: Truist’s credit card offerings include a cash back credit card, rewards credit card, travel credit card, and a secured credit card.

Loans

Personal loans: The LightStream personal loan offers rates ranging from 6.49% to 24.89% APR with no origination fees. The minimum loan amount is $5,000.
Vehicle loans: Truist offers auto, boat, RV, and marine loans.
Lines of credit: Truist offers a few different credit options including home equity lines of credit and secured lines of credit.
Mortgages: Truist offers personal mortgages, refinancing, and home equity lines of credit.

Investing and retirement services

Truist offers automated investing and self-directed trading, as well as retirement accounts and planning.

Insurance

TTruist partners with the Marsh McLennan Agency to offer home, auto, motorcycle and ATV, pet insurance, and more.

Truist Bank fees

Here’s a look at some of the fees you might encounter as a Truist customer:

FEE	FEE AMOUNT
Checking account monthly fee	Up to $12
Savings account monthly fee	Up to $5
Overdraft	$36
Out-of-network ATM	$3 per transaction
Out-of-network international ATM	$5 per transaction
Incoming domestic wire transfer	$15
Incoming international wire transfer	$20
Outgoing domestic wire transfer	$30
Incoming international wire transfer	$65
Official check	$10 per item
Money order	$5 per item

Truist Bank pros and cons

Here are a few of the pros and cons that come with banking with Truist:

Pros:

No overdraft fees on most accounts: Truist doesn’t charge overdraft fees for most of its accounts, including the Truist One Checking, Truist Marquee Checking, Truist One Savings, Truist One Money Market Account, Truist Confidence Account, and Truist Confidence Savings.
Large branch and ATM network: Truist offers a network of more than 1,900 branches and 2,800 ATMs in more than 17 states across the country.

Cons:

Monthly account fees: Truist charges monthly fees for most of its accounts. While there are ways to waive these fees, customers looking for a completely free account may prefer other options.
Low deposit yields: With the exception of its money market accounts, most of Truist Bank’s accounts offer low or no interest on balances.

Read more: The 10 best free checking accounts available today

Customer service and mobile banking experience

Truist customer service representatives are available to speak on the phone at 844-4TRUIST on weekdays from 8 a.m. to 8 p.m. ET and Saturdays from 8 a.m. to 5 p.m. ET. The bank also offers 24-hour automated assistance. Truist representatives can also be contacted via social media.

The Truist Bank mobile app is available for download on the App Store and Google Play and has a rating of 4.8 stars on both storefronts.

Customers can use the app to check account balances, transfer money between accounts, send Zelle payments, deposit checks, and more.

Truist Bank highlights its commitment to the environment and the communities it serves on its corporate responsibility and sustainability pages. A few of its key initiatives include its free financial education program for high school and college students: Truist Life, Money, and Choices. Truist Bank has also helped bolster environmental initiatives; it provided $1.9 billion in financing for the Gemini solar project and has committed to net zero greenhouse gas emissions by 2050.

Read more: What is sustainable banking?

Frequently asked questions

Is Truist FDIC-insured?

Yes. Truist is an FDIC-insured institution. The FDIC provides insurance coverage up to $250,000 per depositor, per institution, per ownership category.

Does Truist Bank offer Zelle?

Yes. Truist customers can send and receive money via Zelle.

How much money do you have to keep in a Truist savings account?

In order to avoid the $5 monthly maintenance fee, you’ll need to maintain a minimum daily balance of $300.

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