summary: Truist is a financial services company founded as a result of the merger of BB&T Bank and SunTrust Bank. Truist provides financial products and services to individuals, small businesses, commercial, corporate and institutional clients. It operates over 1,900 branches in the US and has a network of over 2,900 ATMs.
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A minimum of $50 operating deposit is required for a basic check on Truist. You will also be charged a monthly maintenance fee of $12, which is exempt if you meet certain requirements. There is no overdraft fee associated with this account, and Truist offers a $100 negative balancing buffer, allowing eligible clients to over-route accounts up to $100.
The Truist Consectional account is designed to help customers build a strong financial foundation without overdraft fees or traditional paper checks, helping account holders spend only the cash they have. A minimum of $25 operating deposit is required and comes with a monthly maintenance fee of $5 (Waivable).
Your Truist One Savings account requires a minimum of $50 open deposit and will charge a maintenance fee of $5 per month unless you meet the requirements for exemption. This account currently pays 0.01% APY.
Your Truist Confident Savings account requires a minimum deposit of $25, and there is no monthly maintenance or overdraft fee.
Truist's money market accounts allow customers to gain interest in balance. This account requires a minimum of $50 operating deposit and a maintenance fee of $12.
Truist Bank offers CDs in terms ranging from 7 days to 60 months. Depending on the CD terminology, there is a minimum operating deposit of between $1,000 and $2,500 required.
Credit and debit cards
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Visa Debit Card: Truist offers personal debit cards and Delta Skymiles debit cards for customers who want to earn miles and redeem for travel perks.
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Visa Gift Card: These are single-load prepaid cards up to $500. They can be used anywhere in the US where visas are accepted.
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Credit Card: Truist credit card offers include cashback credit cards, reward credit cards, 0% intro APR cards, travel credit cards, and secure credit cards.
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Personal loan: Truist's personal loan fees range from 8.45% to 17.29% APR, with no original fees and a minimum loan amount of $3,500.
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Vehicle loan: Truist offers cars, boats, RVs and marine loans. The current rate ranges from 8.36% to 10.99% APR.
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Credit Line: Truist offers several different credit options, including the Home Equity credit line and the secured credit line.
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Mortgage: Truist offers personal mortgages, refinances, and home equity credit lines.
Investment and Retirement Services
Truist offers automated investments and voluntary trading, retirement accounts and plans.
Truist partners with McGriff and Truist Life Insurance to offer home, automobiles, motorcycles, ATVs, pet insurance and more.
This sees some of the fees you may encounter as a Truist customer:
This presents some of the pros and cons that come with banking with trumpers.
Strong Points:
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There are no overdraft fees: Truist does not charge overdraft fees on most accounts, including Truist One Checks, Truist One Savings, Truist One Money Market account, Truist Consection account, and Truist Consetial Savings.
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Big branches and ATM network: Truist offers over 1,900 branches and a network of 2,900 ATMs in more than 17 states nationwide.
Cons:
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Account rates and information are not available immediately. Truist does not post account rates online, making it difficult for potential customers to easily compare prices across banks and credit unions.
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Monthly Account Fees: Truist charges a monthly fee for most of your accounts. There are ways to waive these fees, but customers looking for a completely free account may prefer other options.
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Low deposit yield: Apart from that money market account, most Truist Bank accounts offer low or no interest in their balance.
read more: 10 Best Free Checking Accounts Available Today
Truist Customer Service representatives can speak by phone at 844-4truist on weekdays from 8am to 8pm and on Saturdays from 8am to 5pm. The bank also offers 24-hour automatic assistance. Truist representatives can also contact us via social media.
The Truist Bank Mobile app is available for download on the App Store and Google Play and has a 4.8 star rating on both storefronts.
Customers can use the app to check their account balances, transfer money between accounts, send Zelle payments, check deposits, and more.
Truist Bank highlights the environmental commitment and the community that serves its services on its corporate responsibility and sustainability page. Some of its major initiatives include free financial education programs for high school and university students: Truist Life, Money, and choices. Truist Bank also supports strengthening its environmental initiatives. It provided $1.9 billion in funding to the Gemini Solar Project, and by 2050 it had achieved zero greenhouse gas emissions.
read more: What is a sustainable bank?
yes. Truist is an FDIC insurance agency. FDIC offers insurance up to $250,000 per depositor, per institution, and per ownership category.
yes. Truist customers can send and receive money via Zelle.
To avoid the $5 monthly maintenance fee, you must maintain a minimum daily balance of $300.
