Unfortunately, the account comes with the same paltry 0.01% APY, so this is not a good choice for those looking to earn interest on their savings. This way, account holders can build a financial foundation without worrying about getting nickel and dimed with charges. There are no monthly fees, no overdraft fees, and no returned item fees. The two accounts complement each other, and the savings account aims to address the same goal of building a financial foundation. To open a Truist Confidence Savings account, you need the Truist Confidence Checking account. However, the account is easy to use and pairs well with Truist checking, so it can still serve as an excellent starter savings account. The 0.01% annual percentage yield (APY) is nothing exciting, so this isn’t a good option for those with higher balances. Overall, Truist One is the best fit for those who are just getting started with their savings journey. They also waive the fee for savers 18 years or younger. ![]() You can avoid the fee with a daily account balance of $300 or more, a $25 recurring preauthorized transfer, or having a linked Truist checking account. Truist One Savings is a basic savings account that requires a $50 opening deposit and has an avoidable $5 monthly fee. You are sure to find an account for your needs. If you are in the market to save money, Truist has several different savings account options, including online savings, MMAs, and CDs. Truist Bank reviews should always include thoughts on savings accounts. The account offers online and mobile banking access, plus account alerts and credit score monitoring to help you stay on track. There’s also a $5 monthly maintenance fee, so it isn’t quite a free checking account, but you can waive it if you receive monthly deposits of at least $500 or make at least ten qualifying transactions per month. There’s a $25 minimum balance requirement to open the account. There are no overdraft fees or paper checks, so the account encourages customers to spend only what they have on hand. Truist Confidence Checking Account is a solid option for those looking to build a financial foundation. The simplest way is to receive direct deposits of $500 or more each month, but students under 25, as well as small business banking and credit card customers, will also get the account for free. The account has a $12 monthly service fee, but Truist provides five ways to avoid it. These include cash-back bonuses on Truist credit cards, overdraft buffers, free checks, and monthly fee waivers. The more money you keep in your Truist One account, the more benefits you can earn. The account comes with a debit card, online and mobile banking, and a tiered set of perks based on your average monthly balance. You need a minimum deposit of $50 or more to get started. It’s a good fit for most basic checking needs. Truist One Checking is the bank’s flagship checking account. Truist currently has two checking accounts available: Truist One Checking ![]() Truist is Available in the Following states:ĭon’t see your state listed? No problem check our list of best banks for each state to find the best bank for your financial needs. Truist serves customers in 17 states, as well as Washington, DC. Truist offers a full suite of financial products, such as bank accounts, investment and retirement services, auto loans and mortgages, and wealth management. Both of these banks trace their roots back to the late 1800s, and in coming together, they created Truist Financial, a top ten bank in the U.S. While it might sound strange for such a big bank to be so new, the explanation is simple: Truist Bank resulted from a merger between BB&T and SunTrust Bank. Unlike many big banks we review, which tend to date back a century or longer, Truist was established in 2019. Truist Bank reviews should give you a pretty good idea of whether or not you can trust your money with Truist, and that’s what we aim for with this post. ![]() In this post, you’ll learn everything you can expect from banking with Truist, including its popular account options and most impressive features. But while Truist doesn’t have widespread recognition, it is a compelling option for those who want an alternative to the giants. banks in total assets, which is surprising considering how new it is.
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