Truist Bank review (2025): Traditional banking with no overdraft fees – Yahoo Finance

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 2,900 ATMs.

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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 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).

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.

The Truist Confidence Savings account requires a lower minimum opening deposit of $25 and doesn’t come with any monthly maintenance or overdraft fees.

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.

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, as well as a Delta SkyMiles debit card for customers who want to earn miles and redeem them for travel perks.

• Visa Gift Cards: These are single-load prepaid cards of up to $500. They can be used anywhere in the U.S. where Visa is accepted.

• Credit cards: Truist’s credit card offerings include a cash-back credit card, rewards credit card, 0% intro APR card, travel credit card, and a secured credit card.

• Personal loans: Truist’s personal loan rates range from 8.45% to 17.29% APR with no origination fees, and a minimum loan amount of $3,500.

• Vehicle loans: Truist offers auto, boat, RV, and marine loans. Current rates range from 8.36% to 10.99% APR.

• 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.

Truist partners with McGriff and Truist Life Insurance to offer home, auto, motorcycle and ATV, pet insurance, and more.

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

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

Pros:

• No overdraft fees: Truist doesn’t charge overdraft fees for most of its accounts, including the Truist One 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 2,900 ATMs in more than 17 states across the country.

Cons:

• Account rates and information not readily available online: Truist doesn’t post its account rates online, which makes it difficult for potential customers to easily compare rates across banks and credit unions.

• 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

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?

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

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

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