Truist Bank Review: One Bank for All Your Accounts
Written by
Rudri Bhatt Patel, CFHC™
Edited by
Melanie Grafil, M.A., CHFC™
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Earn $400 when you open a new Truist One Checking account with qualifying activities
Truist Bank offers promotions for new account holders on its checking accounts. You can benefit from traditional banking experience at Truist Bank but also consult with their banking team about loans, credit cards and investment opportunities.
Truist is a financial services company based in Charlotte, North Carolina. It was formed after two equal-sized banks, BB&T and SunTrust merged. Today, Truist has about 15 million clients across the United States who use the bank for checking, savings, and investing. You can open most financial accounts with Truist, including everyday checking, traditional savings, CDs, money markets and even retirement funds.
Truist Confidence Checking Account
Truist offers three checking accounts: Confidence Checking account, One Checking account, and Truist Marquee Checking account — which is the premier wealthy checking account.
Truist Marquee Checking Account requires a minimum of $100 deposit and there is monthly charge of $35 that can be waived. Truist Confidence Checking is a straightforward option with a low barrier to entry, offering quality banking services at minimal cost.
- $25 minimum deposit and a $5 monthly maintenance fee that can be waived
- No overdraft fees
- $100 negative balance buffer. This lets you continue spending up to $100 into the negative without any penalties.
- Extensive ATM network
Where It Stands Out
Checking Accounts
National Banks
Accounts for the Wealthy
Mobile App
Account Perks
Simple Banking and Fee Waiver Options
Truist Confidence Checking is a basic, low-cost account with no overdraft fees and a $5 monthly fee that’s easy to waive.
Fees
$5, but waivable
APY
N/A
Min Opening
$25
Pros
- No overdraft fees
- Negative balance buffer
- Low minimum deposit
Cons
- Limited geographic locations
- Does not earn interest
Why We Like Truist
Truist Confidence Checking is a great basic account with no overdraft fees, a low minimum deposit and easy-to-waive maintenance fees.
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Truist One Checking Account
Truist One Checking is the everyday checking account designed for those who want enhanced features and benefits as their balance grows.
- $50 minimum deposit and a $12 monthly maintenance fee that can be waived. Primary account owners can waive if you’re under the age of 25 or age 62 and older, have total qualifying direct deposits of at least $500 per statement cycle, keep a combined ledger balance of at least $500 across Truist related accounts, or have a personal Truist credit card or linked small business checking account, or a consumer or mortgage loan, including LightStream®
- The monthly maintenance fee waiver is also available if you’re a student
- No overdraft fees
- Up to $100 balance buffer for eligible clients
- Perks increase aa your daily balance increases
Where It Stands Out
Checking Accounts
National Banks
Accounts for the Wealthy
Mobile App
Account Perks
Perks That Grow
Truist One Checking rewards you with benefits as your balance grows, featuring no overdraft fees and multiple ways to waive the $12 monthly fee.
Fees
$12, waivable
APY
N/A
Min Opening
$50
Pros
- No overdraft fees
- Balance buffer for eligible clients
- Perks that grow with balances
Cons
- Limited locations
- Doesn’t earn interest
- Monthly maintenance fee can be high without a waiver
Why We Like Truist
Truist One Checking offers rewards and enhanced features as your balances grow, with no overdraft fees and a $12 monthly maintenance fee that’s waived with qualifying conditions.
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Truist Bank Savings Accounts
Truist Bank has two savings accounts. Truist Confidence Savings requires a $25 deposit, no monthly fees and a Truist Checking Account to open. Truist One Savings requires a $50 deposit and a $5 monthly maintenance fee that can be waived.
- Minimum deposit of $25 for Truist Confidence Savings
- Confidence Savings account must have a linked Confidence Checking Account.
- Truist One requires a $50 minimum opening deposit.
- To waive the $5 fee on Truist One Savings account, you must maintain a daily balance of $300, have a recurring deposit of $25 per statement cycle, have a Truist checking account or be younger than 18.
- No fee for the first six withdrawals
Where It Stands Out
Checking Accounts
National Banks
Accounts for the Wealthy
Mobile App
Account Perks
Accessible Savings Options
Truist Bank offers two savings accounts with low minimum deposits and flexible fee waivers, though one account requires a linked checking account and APYs aren’t available online.
Fees
$5, waivable
APY
Min Opening
$25 to $50
Pros
- Low minimum deposit
- Truist Confidence Savings requires no maintenance fee
- Fee waiver options are available on Truist One Savings
Cons
- Truist Confidence Savings is only available with Truist Confidence Checking
- Physical branches are limited
Why We Like Truist
Although Truist Bank offers two savings accounts with low minimum deposits, APYs are inaccessible online. Also, Truist Confidence Savings is only available with a Truist Confidence checking account.
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Truist Bank CD Accounts
Truist CDs range from seven days to 5 years. The minimum opening deposit for a CD between 32 days and 5 years is $1,000. The minimum opening deposit for a CD between seven and 31 days is $2,500. Money in Truist CDs can also help you access additional perks if you have a Truist Checking Account.
- Promotional APY for a 15-month CD is .
- Promotional APY for a 12-month CD is .
- CDs automatically renew.
- APY for non-promotional CD is no matter the term.
- CD interest rate is fixed.
Where It Stands Out
Checking Accounts
National Banks
Accounts for the Wealthy
Mobile App
Account Perks
Competitive Promo Rates
Truist Bank CDs offer flexible terms and competitive promotional APYs up to for 15 months, but standard rates are low, and availability is limited to in-person branches in 15 states.
Fees
No monthly service fee
APY
Up to
Min Opening
$1,000
Pros
- Competitive promotional APY
- Flexible term options
- No monthly maintenance fees
Cons
- Standard APY for CDs is low
- Early withdrawal penalties
- CDs are only available in in-person branches located in 15 states
Why We Like Truist
The promotional APY for a 15-month CD is , but the availability of CDs is limited to 15 states. Also, non-promotional rates for CDs are low.
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Truist Bank Money Market Account
The money market account at Truist Bank offers a APY if it is a new account. The minimum deposit is $50, and the monthly maintenance fee is $12. The fee is waived if you keep a $15,000 minimum daily balance.
- Minimum deposit of $50
- APY for new money market account account holders
- Keep a $15,000 daily balance, and you can waive the $12 monthly maintenance fee
- FDIC-insured
- You can use your money market account as overdraft protection for your checking account
- APYs for existing account holders is
Where It Stands Out
Checking Accounts
National Banks
Accounts for the Wealthy
Mobile App
Account Perks
High Promo APY of
Truist Bank’s Money Market Account offers an attractive APY for new account holders, but the $15,000 balance required to waive the $12 monthly fee may be challenging for some.
Fees
$12, waivable
APY
Min Opening
$50
Pros
- The promotional rate APY for new account holders is
- Check writing capabilities
- Overdraft protection
- Low minimum deposit
Cons
- High balance requirement for a fee waiver
- Standard APY is low
- Withdrawal limitations
Why We Like Truist
The money market account for new account holders is appealing since the APY is . To avoid monthly maintenance fees, the account balance must be at $15,000. The standard rate is low if you do not qualify for the promotional APY.
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Banking Experience
The banking experience Truist delivers is strong. For example, the company has 2,000 physical branches, which is great if you enjoy in-person banking. But you can only find these branches in 15 states throughout the South, Midwest and East Coast.
Truist also has both online and mobile banking options, allowing users to access their accounts in whatever ways they prefer.Truist Bank ranks 4.8 out of 5 stars on Google Play and the Apple Store.
Truist Bank’s customer support availability is solid. The company has phone representatives available from 8 a.m. to 8 p.m. EST Monday through Friday, and from 8 a.m. to 5 p.m. EST on Saturdays. You can also contact a 24-hour automated assistance line for after-hours support.
How Does Truist Bank Compare to Other Banks?
Truist is one of many banks offering consumer checking and savings products. If you’re unsure about it, you may want to compare Truist to the following alternatives.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$12, waivable
Up to $15
No monthly fees
APY
APY
APY
N/A
N/A
Min Opening
Min Opening
Min Opening
$50
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$5, waivable
See Citi’s website for details on monthly fees.
No monthly service fee
APY
APY
APY
Up to
Up to
Min Opening
Min Opening
Min Opening
$25 to $50
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
No monthly service fee
No monthly service fee
APY
APY
APY
Up to
Up to
Up to
Min Opening
Min Opening
Min Opening
$1,000
$500
$0
Truist Bank vs. Ally Bank
Ally offers all of the same account types that Truist has, but it’s a bit more transparent about the interest rates it offers across these options. The company also has 24/7 support. However, it has no physical branches, which may be a deal breaker for some users.
Truist Bank vs. Citi®
Citi is another company that offers users a wide selection of account types to choose from. Like Ally, it’s more transparent than Truist about the APYs it offers across these account types. The company also has a large physical branch network with more geographic coverage of the entire United States than Truist.
Truist Bank vs. SoFi®
SoFi is an online only institution, but offers a savings account that earns APY and a checking account that earns . Truist’s checking accounts do not charge overdraft fees but are not interest-bearing. Truist Bank also offers a savings account, but the rate information isn’t clear. SoFi might be a better fit for those who are comfortable with an exclusively online bank with competitive rates.
Final Take
Truist Bank offers a compelling array of account types, making it a solid option if you prefer to keep all of your accounts at a single bank. It also offers some nice perks like extra credit card reward points for checking customers’ high balances.
You also shouldn’t choose Truist because of its physical branch network until you’ve confirmed its branches in your area, given its limited geographic coverage.
The bottom line is that Truist can be a good fit for some, but won’t be the easiest or most financially rewarding option for everyone.
Truist Bank FAQs
- What types of account services does Truist Bank offer?
- Truist Bank offers checking, savings, money market accounts and CDs. The bank also offers loans, credit cards, mortgages and investment products.
- Does Truist Bank charge an ATM fee?
- Yes. For domestic locations, non-Truist Bank ATMs the charge is $3 and for international locations the fee to use a non-Truist Bank ATM is $5.
- How do I get $400 from Truist Bank?
- You must open a Truist One Checking account online by July 9, 2026.
- During the application, enter the promo code AFL400TR1Q226.
- Set up your direct deposit.
- Within 120 days, you must receive at least two direct deposits totaling $2,000 or more & complete at least 20 qualifying debit card purchases.
- Ensure your account is in good standing.
- Truist Bank will deposit the reward within four weeks after verifying you've met the qualifying requirements.
- Does Truist charge fees?
- Although Truist Bank doesn’t charge for overdrafts, it does charge a fee for the following:
- Monthly maintenance fee for checking and money market account of $12 (but can be waived)
- Monthly maintenance fee of $5 for a savings account, but can be waived
- Stop payment fee of $35
- Although Truist Bank doesn’t charge for overdrafts, it does charge a fee for the following:
- Does Zelle work with Truist Bank?
- Yes, Truist uses Zelle as part of its digital platform.
Compare to Other Banks
- Ally Bank Review
- Capital One Bank Review
- US Bank Review
- Wells Fargo Bank Review
- Discover Bank Review
- Best Banks 2024
Kellan Jansen, Cynthia Measom and Cynthia Bowman contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of March 27, 2026.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
To determine rankings for the Best Checking Accounts of 2026, GOBankingRates looked at the following factors from all banks (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) monthly checking fee ratio (percent the minimum to avoid fee compared to the monthly fee itself); (5) APY on the checking account; (6) overdraft fee amount; (7) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factor (1) and (2) weighed 0.5 times and Factor (5) weighed 0.25 times. All products and offerings had to be available as of Jan. 22, 2026, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of March 27, 2026.
To discover the Best National Banks of 2026, GOBankingRates looked at the top national institutions, (excluding online banks and neobanks), with branches in at least 25 states and/or have over $400 billion in total assets. To determine rankings GOBankingRates looked at the following factors (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percent the minimum to avoid fee compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services, and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) weighed 0.5 times, factor (5) weighed 2.5 times; and factor (7) weighed 1.5 times. All products and offerings had to be available as of Jan. 22, 2026, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of March 27, 2026.
The Balance Buffer is only available with Truist One Checking and allows 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:
-Account must be opened for a minimum of 35 calendar days
-Account must be funded with a positive balance
-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.
Terms and Conditions for Truist One Checking Affiliate $400 Online Offer Q2 2026: AFL400TR1Q226
Offer Information: Open a new Truist One Checking account online from 3/26/26 through 7/9/26, complete the following activities within 120 days of the account opening and earn $400. You must open the account online and enter the promo code to be eligible to participate in the promotion.
-Receive at least two qualifying direct deposits* totaling $2,000 or more AND
-Complete at least 20 qualifying debit card purchases** within 120 days of account opening. All debit purchases must be posted to your account to qualify.
Account must be opened online. Enrollment in the promotion is required at the time of account opening using promo code AFL400TR1Q226. Please refer to the Account Opening and Enrollment section below for full instructions.
*A qualifying direct deposit is an electronic credit (greater than $5.00) deposited into your new checking account via ACH. Person to person payments (such as Zelle®), Real Time Payments (RTP), pre-authorized transfers made from one account to another, or deposits made via a branch, ATM, online transfer, mobile device, debit/prepaid card number or the mail are not eligible direct deposits.
**Qualifying debit card purchases include any purchase made with a Truist debit card and posted to the new checking account within 120 days of account opening. ATM withdrawals using your debit card are not qualifying transactions. Zelle® transactions are not qualifying transactions. Bank fees are not included.
Offer Eligibility: Clients that are the primary account holder on an existing personal checking account with Truist or who have closed a personal checking account with Truist on or after 3/26/25 are not eligible to participate. Offer valid for Truist One Checking accounts only. Primary account holder must be 18 or older at the time of account opening. Truist employees, Directors, Officers, and Local Boards/Advisors are not eligible. Offer available only to US residents with a valid US taxpayer identification number. The qualifying checking account must be opened online and have a physical address in: AL, AR, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC.
Reward Processing: The reward will be deposited to the new checking account within 4 weeks after the qualification requirements have been met and verified. Promotion is only applicable once per checking account and per client. Truist may report the value of any offer reward received to the IRS as required by law. Any applicable taxes are the responsibility of the recipient.
Reward Forfeiture: Reward forfeiture will occur if: (1) the new checking account is changed to an account type not included in this client offer (2) the new checking account has a $0.00 or negative available balance or is restricted at the time Truist verifies the qualification requirements have been met or (3) the new checking account is closed at the time of payout. An account is considered restricted if it has a temporary or permanent block that prevents credits from posting to the account. Truist verification will occur one time after the qualification requirements are initially met.
Other Terms: Minimum opening deposit is $50. The offer is non-transferable, may not be combined with any other checking offers, is subject to change, and may be discontinued at any time. Truist reserves the right, in its sole discretion: 1) to prohibit a reward payout for any offers claimed through third-party websites with no affiliation or prior authorization from Truist; and 2) to disqualify any account if Truist suspects accounts are being opened for the purpose of exploiting this promotional offer. All standard account terms and conditions apply.
Account Opening & Enrollment Instructions: To open and enroll your new account in the promotion, visit the offer website and click on “Open an account online.” Enter AFL400TR1Q226 into the promo code field provided, review the offer Terms and Conditions, and then select “Accept this offer”. Accounts opened without the promo code applied will not be eligible to participate in the offer. Once enrolled in the promotion, clients may receive promotional updates via the email address provided or by calling 800.709.8700.
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©2026 Truist Financial Corporation. TRUIST, the Truist logo and Truist Purple are service marks of Truist Financial Corporation. All rights reserved. Truist Bank, 214 N Tryon St., Charlotte, NC 28202.
