A Guide To Truist Fees and Ways To Avoid Them
Written by
Will Healy
Edited by
Elizabeth Constantineau
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Many banks depend heavily on fees as a source of revenue. Truist, formed from a merger between BB&T Bank and SunTrust, is no exception. Truist offers a wide array of checking and savings accounts. All of these options, however, at least hold the potential for added fees.
But by utilizing the right combination of cash on hand, deposits or other strategies, depositors can often avoid such charges. Learn about the accounts Truist offers and what you can do to either minimize or circumvent these fees.
Truist Monthly Service Fees
Truist charges monthly service fees for certain checking and savings accounts, but many of these fees can be avoided by meeting specific requirements. Below is a breakdown of Truist’s standard monthly service fees:
| Account | Monthly Service Fee |
|---|---|
| Truist One Checking | $12 |
| Truist Wealth Checking | $50 annually |
| Truist Confidence | $5 |
| Truist One Savings | $5 |
| Truist Confidence Savings | $0 |
| Money Market Account | $12 |
| Certificates of Deposit | $0 |
Truist Checking Account Fees
Like most other banks, Truist offers multiple checking account options: Truist One Checking, Truist Confidence and Truist Wealth Checking.
Here’s a quick look at Truist’s monthly service fees on its checking accounts:
| Account | Monthly Service Fee | Earns Interest | Ways To Waive Fee |
|---|---|---|---|
| Truist One Checking | $12 | No | – Make at least $500 in direct deposits monthly – Maintain an average daily balance of $500 or more across related Truist accounts – Have a credit card, mortgage or personal loan with Truist – Link a Small Business checking account – Be a student under the age of 25 -Are age 62 or older |
| Truist Wealth Checking | $50 annually | Yes | – Have a minimum daily balance of at least $25,000 in your Truist Wealth Checking or Truist Wealth Money Market Account – Hold at least $100,000 in any Truist accounts, such as personal banking, investment, mortgage, loans, personal credit or the Truist Now Credit Line |
| Truist Confidence | $5 | No | -Make at least $500 in direct deposits monthly -Make at least 10 qualifying transactions -Be a student under the age of 25 -Are age 62 or older |
Truist Savings Account Fees
Truist offers four different options for savings accounts. Fortunately for savers, two of these options do not levy monthly maintenance fees on the account.
Here’s a look at Truist monthly fees and annual percentage yield rates for its savings accounts:
| Account | Monthly Service Fee | Ways To Waive Fee | APY |
|---|---|---|---|
| Truist One Savings | $5 | -Maintain a daily balance of at least $300 -Set up a recurring transfer of $25 or more per statement cycle -Are under the age of 18 -Have any Truist checking account |
|
| Truist Confidence Savings | $0 | N/A | |
| Money Market Account | $12 | Maintain an average daily balance of $15,000 or more | |
| Certificates of Deposit | $0 | N/A | Up to |
Truist Overdraft Fees
Truist charges $36 per overdraft but depositors have two options for managing this fee.Â
Overdraft Coverage
Customers must choose to opt-in to Overdraft Coverage so that the bank may cover the overdraft and charge the fee. Typically, accounts default to an opt-out option. This means that the bank will decline any transactions where the funds are not available. You are not charged a fee in this instance.
However, when users choose to opt-in, Truist will cover these transactions and charge you the overdraft fee. In cases where the transaction is under $5, there will be no overdraft fee.
Overdraft Protection
Truist also offers Overdraft Protection. You can link another deposit account or credit card to the protected account, and the funds needed to cover the overdraft will be withdrawn from that account rather than being covered by Truist.Â
As long as there is enough money in the linked account to cover the transaction, there is no fee for Overdraft Protection.
Other Common Truist Fees
You might run into the following fees at Truist, which apply to most accounts. Fees may vary depending on the account type and specific terms.
| Fee | Amount Charged |
|---|---|
| Out-of-network domestic ATM | $3 + ATM owner fees |
| Out-of-network international ATM | $5 + ATM owner fees + 3% of transaction |
| Overdraft | $36 |
| Domestic wire transfer | $15 incoming, $30 outgoing |
| International wire transfer | $20 incoming, $65 outgoing |
| Stop payment | $35 |
How To Avoid Truist Fees: 4 Tips
For families struggling just to cover their bills, the idea of added charges merely for the right to conduct deposits and withdrawals can seem daunting. Fortunately, depositors have multiple options for avoiding such costs.
Maintain a Minimum Balance
With both checking and savings accounts, the fee is waived for those who maintain a minimum balance.
- Truist One Checking: $500 average daily balance across related Truist accounts
- Truist Wealth Checking: $25,000 daily balance in Wealth Checking or Money Market Account or $100,000 across Truist accounts
- Truist One Savings: $300 daily balance
- Money Market Account: $15,000 average daily balance
Set Up Direct Deposit
Most of the bank’s checking accounts have the option to waive the fee with a minimum amount of direct deposits per month.
- Truist One Checking: $500 or more in direct deposits
- Truist Confidence Checking: $500 or more in direct deposits
Link Accounts
In some cases, linking your banking accounts can help avoid monthly fees. Some accounts require a minimum balance on combined accounts to waive the fee, rather than just in the main account.Â
You can also have some fees waived by linking a Truist Small Business checking account.
Age-Based Fee Waivers
Some accounts waive fees for younger or older customers:
- Students under 25: No maintenance fees on Truist One Checking and Truist Confidence Checking
- Seniors 62+: Fees waived on Truist One Checking and Truist Confidence Checking
Conclusion
Truist provides resources to help guide your banking and loan decisions. Their Money and Mindset pages offer a wealth of information on managing your finances, covering topics such as budgeting, investing, paying for education, and starting a family, among many others.
FAQ
Here are the answers to some of the most frequently asked questions about Truist fees and how to avoid them.- How can I get my Truist monthly service fee waived?
- You can waive Truist's monthly service fees by meeting certain requirements, such as maintaining a minimum balance, setting up direct deposits or linking accounts. Each account type has different waiver options, so check the specific details of your account.
- What is the overdraft limit for Truist accounts?
- Truist charges $36 per overdraft transaction over $5. The bank will charge you three per day at most. However, you can enroll in overdraft protection by linking a savings account or credit card to cover overdrafts without fees.
- Does Truist refund ATM fees?
- Some premium Truist accounts may offer fee reimbursements for ATM withdrawals at non-Truist ATMs.
- Are there fees for closing a Truist account?
- Truist charges $30 for accounts closed in a charged-off status.
More About Truist
- Truist Review
- Truist CD Rates
- Truist Savings Account Interest Rates
- Truist Promotions and Offers
- Truist Bank Hours
Melanie Grafil and Amber Barkley contributed to the reporting for this article.
Rates are subject to change. Unless otherwise noted, rates and information on accounts are accurate as of March 13, 2025.
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.
