Truist Bank Review 2024: Today's Truist Rates (2024)

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Truist is a decent choice if you live in the Southeast and want to avoid overdraft fees. Many national banks charge you when you overdraw, but Truist has two checking accounts with no overdraft fees. But to earn the highest interest rates, you may want to consider the best online banks instead.

Truist Bank

Truist Bank is a national bank with over 2,000 branches and 3,000 ATMs.

In July 2022, Truist Bank launched Truist One Banking. Truist Banking offers new bank accounts that allow new customers to avoid overdraft fees. Two checking accounts now offered by Truist Bank are the the Truist Confidence Account and Truist One Checking. Previously, Truist had also discontinued fees for overdraft protection transfers and overdrawn account balances on existing consumer accounts.

To get in touch with a customer service representative, call from 8 a.m. to 8 p.m. ET on weekdays or 8 a.m. to 5 p.m. ET on Saturdays.

The Truist mobile app has 4.7 out of 5 stars in both the Apple and Google Play stores.

Truist is FDIC insured. You'll be able to deposit up to $250,000 in an individual bank account and your money will be secure.

Truist Bank: Overall Rating

Truist Bank Pros and Cons

Is Truist Bank Trustworthy?

The Better Business Bureau rates businesses on how they respond to customer issues, advertise, and handle transparency. Trust Bank received an A+ rating from the BBB.

Truist hasn't been involved in any recent public scandals.

Truist Bank Accounts

Truist Bank Savings Account

The Truist Bank Online Savings Account works best if you can avoid paying the account's no monthly service fee monthly service. To waive the fee, you'll need to keep at least $300 in your account, schedule a recurring transfer of $25 into your account, or open a Truist checking account. The fee will also automatically be waived if you're under the age of 18.

Truist Bank Checking Account

The Truist One Checking is a solid checking account if your goal is to avoid overdraft fees. The account doesn't include any paper checks and may deny your transaction if you don't have sufficient money in your bank account, so prevent an overdraw. Eligible customers may also receive a $100 negative balance buffer.

You'll have to be mindful of a $12 monthly services fee monthly service fee, though.

Truist Bank is currently offering a bonus of $400 for new customers looking to open a checking account. You can get it if you open a new checking account, receive at least $500 in direct deposits and make at least 15 debit card purchases within the first 90 days of opening the account. This bonus will last until June 26, 2024.

Truist Bank CD

Truist Bank no longer allows you to open CDs online, and rates vary by location. To ask about opening a Truist CD, contact your local branch.

Truist Bank Money Market Account

Truist's money market account might be worthwhile if you're able to maintain at least $1,000 in your account. By meeting this requirement, you'll waive the $12 monthly service fee monthly bank maintenance fee.

Otherwise, the bank's savings account will be easier to manage since it doesn't have a monthly fee.

How Truist Bank Compares

Truist Bank vs. Regions Bank

These are two banks in the Southeast with substantial branch and ATM networks, so your decision will likely come down to differences in individual accounts.

If you plan to open a savings account, you may favor Regions Bank over Truist Bank. The Regions LifeGreen® Savings Account has zero monthly service fees, while Truist One Savings may require a $5 monthly service fee if you don't meet certain requirements.

You may favor Truist Bank if you'd like to open a checking account. It's a bit easier to waive monthly service fees at Truist Bank than Regions Bank.

Regions Bank Review

Truist Bank vs. Fifth Third Bank

You'll probably lean more toward Truist Bank if you're looking to open a savings account. Truist One Savings makes it a bit easier to waive the monthly service than the Fifth Third Momentum® Savings Account.

The opposite is true when it comes to checking accounts. Fifth Third Bank will likely edge out Truist and even Regions. It has a free checking account that doesn't require a minimum opening deposit and is part of the Allpoint ATM network, which provides access to over 55,000 free ATMs.

Fifth Third Bank Review