Truist is also home to the Truist One Money Market Account. It requires a minimum opening deposit of $25. This account earns interest and charges no monthly fees or overdraft fees. This basic savings account is designed to be paired with the Truist Confidence Account, a checking account designed for people who can’t qualify for standard bank accounts. It charges a $5 monthly fee to account holders age 18 or older, but this fee can be easily waived by holding an eligible Truist checking account, maintaining a minimum daily balance of $300 or scheduling a preauthorized internal transfer of at least $25 per statement cycle. Truist’s main savings account earns minimal interest (a 0.01% APY) and requires a minimum opening deposit of $50. Truist offers two primary savings accounts for its customers: Truist One Savings and Truist Confidence Savings. Student Checking also waives fees on the first two out-of-network ATM transactions per statement cycle. The account features no minimum opening deposit and no monthly fees. Student Checking accounts are for students ages 23 and under. A $50 minimum opening deposit is required to open an account. You can avoid the fee by keeping an average balance of $1,500 or by receiving direct deposits of $500 or more each statement period. Bright Checking is another basic checking account, but this one offers two ways for customers to avoid its $12 monthly fee. Truist charges a $3 fee for domestic out-of-network ATM use (plus any fees charged by the ATM owner). The Fundamental account comes with a debit card and fee-free ATM use at Truist ATMs. It does, however, come with a $5 monthly maintenance fee that can’t be waived. This basic checking account requires a $50 minimum opening deposit and has no ongoing balance requirement. It charges a $5 monthly fee that can be waived if you receive at least $500 in direct deposits per statement cycle, make 10 or more qualifying transactions per statement cycle or are a student under the age of 25. This account has limited features, such as no paper checks, and requires a minimum opening deposit of $25. This is Truist’s second-chance bank account, designed for people who have trouble qualifying for a standard checking account. This account charges no overdraft fees, offers a $100 Negative Balance Buffer and comes with additional perks-like a loyalty bonus on credit card rewards and ATM fee waivers-as your balance grows. Have a personal Truist credit card, mortgage or qualifying loan.Open and link a Truist small business checking account.Maintain a combined balance of at least $500 across all Truist deposit and investment accounts.Receive at least $500 in direct deposits per statement cycle.With Truist One Checking, you can get the $12 monthly fee waived by meeting one of the following requirements: After the merger, this became Truist’s flagship checking account. Truist offers five checking accounts to meet varying customer needs: Truist One Checking, Truist Confidence Account, Truist Fundamental Checking, Truist Bright Checking and Truist Student Checking. The primary bank account for transactions is your checking account. Account details and annual percentage yields (APYs) are accurate as of Dec. This review focuses on Truist’s personal banking services. We used North Carolina for the purposes of this review, since that’s where the bank is headquartered. Truist Financial product details, rate and fee information may vary by location.
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