Truist Bank Review: One Bank for All Your Accounts
Written by
Rudri Patel
Edited by
Melanie Grafil
Commitment to Our Readers
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Earn $400 when you open a Truist One Checking account with qualifying activities
Truist Bank offers promotional rates for new account holders on its checking accounts and CDs. 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. GOBankingRates has ranked it among the Best Banks of 2025 in several categories, including Best National Banks, Best Checking Accounts and Best Premium Checking Accounts.
Truist Confident Checking Account
Truist Confident Checking is a straightforward option with a low barrier to entry, offering quality banking services at minimal cost. It’s on the list of GOBankingRates Best Checking Accounts of 2025.
- $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.Â
- Extensive ATM networkÂ
Best For
Checking Accounts
National Banks
Premium Checking Accounts
Mobile App
Account Perks
Simple Banking and Fee Waiver Options
Truist Confident 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 Confident 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 designed for those who want enhanced features and benefits as their account balance grows. GOBankingRates named this account one of the Best Premium Checking Accounts of 2025.Â
- $50 minimum deposit and a $12 monthly maintenance fee that can be waived. You can waive if you’re 25 years or younger, have a monthly direct deposit of $500, keep an average of $500 across Truist deposit and investment accounts, or have a Truist loan, credit card or linked business account
- The fee waiver is available if you’re 25 years or younger, have a monthly direct deposit of $500, maintain an average balance of $500 across accounts, or hold a Truist loan, credit card or linked business account.
- No overdraft fees
- Spend up to $100 into the negative without penalties
- Perks increase aa your daily balance increases
Best For
Checking Accounts
National Banks
Premium Checking Accounts
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
- Negative balance buffer
- 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 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.Â
- 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.Â
- 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.Â
- No fee for the first six withdrawalsÂ
Best For
Checking Accounts
National Banks
Premium Checking Accounts
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.Â
- Promotional APY for a five-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 fixedÂ
Best For
Checking Accounts
National Banks
Premium Checking Accounts
Mobile App
Account Perks
Competitive Promo Rates
Truist Bank CDs offer flexible terms and competitive promotional APYs up to , 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 optionsÂ
- 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 five-month CD is competitive at , 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.Â
- 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 accountÂ
- APYs for existing account holders is
Best For
Checking Accounts
National Banks
Premium Checking Accounts
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 capabilitiesÂ
- Overdraft protectionÂ
- Low minimum depositÂ
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 and that’s why GOBankingRates categorized it as one of its Best Banks of 2025 winners in Best National Banks, Best Checking Accounts, and Best Premium Checking Accounts.Â
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?Â
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
$12, waivable
No monthly service fee
No monthly service fee
APY
APY
APY
N/A
N/A
Up to
Min Opening
Min Opening
Min Opening
$50
$0
$50
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
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$12, waivable
$0
$10, waivable
APY
APY
APY
Up to
Min Opening
Min Opening
Min Opening
$50
$0
$100
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.Â
Final TakeÂ
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 by April 30, 2025.
- During the application, enter the promo code DC2425TR1400.
- Set up your direct deposit.
- Within 120 days, you must receive at least two qualifying deposits of $1,000 or more.
- Ensure your account is in good standing with a balance of at least $0.01.
- Truist Bank will deposit $400 within four weeks after you meet the 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 a 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 Dec. 16, 2024.Â
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 2025, 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 (percentage of the minimum to avoid fees 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), (2 and (5) weighed 0.5 times, and Factor (4) weighed 1.5 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 16, 2024.
To discover the Best National Banks of 2025, GOBankingRates analyzed the top national institutions, (excluding online banks and neobanks) that have branches in at least 25 states and have over $400 billion in total assets, or both. GOBankingRates considered the following factors (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees 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) were weighed 0.5 times, factor (5) was weighed 2.5 times; and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 16, 2024.
To determine the Best Premium Checking Accounts of 2025, GOBankingRates looked at the following factors from the most premier or costly checking product from the top 25 banks (in terms of total assets): (1) total assets as sourced from the FDIC; (2) minimum deposit to open an account; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) APY on the checking account; and (6) associated and advertised benefits or perks from these premium products. All factors were then scored and combined, with the lowest score being the best. Factor (1) and (2) were weighed 0.5 times, and factor (6) was weighed 3 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 16, 2024.
