Truist Bank Review 2026: Checking, Savings and CDs
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Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Overview
Truist was formed in 2019 through a merger of two banks, BB&T and SunTrust. Today, Truist Bank is among the top 10 largest banks in the U.S. Truist has a good basic checking account but its savings rates are generally low. It offers certificates of deposit, but because there is little information available about them online, they do not factor into this review.
No overdraft fees.
Large branch network.
Large, free, nationwide ATM network.
Monthly fees (though they are avoidable).
Low rates on savings accounts.
Product reviews
Checking
High monthly fees that can be waived. Truist offers a few different checking accounts, including One Checking, its standard account. This account requires a $50 minimum deposit to open. It charges a $12 monthly fee, but there are a few ways customers can avoid it:
Having monthly direct deposits totaling at least $500.
Keeping an average balance of at least $500 across Truist deposit and investment accounts each statement cycle.
Having a Truist credit card or loan or linked small-business checking account.
Being a student.
Being younger than age 25 or being 62 or older.
Mobile banking convenience. Checking account holders have access to mobile banking, including online bill pay and money transfers through Zelle and a debit card that allows you to set spending limits.
Other checking options. In addition to One Checking, Truist offers a more basic account that doesn’t include paper checks and requires a smaller minimum deposit of $25 to open.
» Interested in a personal loan? See our review of Truist Bank Personal Loans
Truist One Checking
Savings
Low interest rates. Truist’s savings account earns a mere 0.01% annual percentage yield, comparable with what you’ll find at other big banks but much less than the best APYs available with online accounts.
The account can be linked to a checking account to support free overdraft protection transfers when there’s not enough money in checking to cover a transaction.
Several options to have monthly fee waived. Customers can avoid the $5 monthly fee on the Truist One Savings account by:
Maintaining a daily balance of at least $300.
Having an incoming recurring transfer of at least $25 per statement cycle.
Having a Truist checking account or being younger than 18.
You can find other accounts with no monthly fees and higher interest rates elsewhere.
» Want to compare your options? Check out NerdWallet’s best savings accounts
Truist One Savings
Customer experience & overdraft fees
Customer experience
Presence on the East Coast and in the South. Truist offers a network of more than 1,900 branches and 2,900 ATMs in 17 states (and Washington, D.C.), concentrated on the East Coast and in the South.
Phone support six days a week. The bank offers live support by phone on weekdays from 8 a.m. to 8 p.m. ET and on Saturday from 8 a.m. to 5 p.m ET.
Overdraft fees
No overdraft fees. Truist has joined other banks that have eliminated or reduced overdraft fees. The Truist One Checking account doesn’t penalize customers for overdrafts, and overdraft protection transfers from a linked Truist deposit account are free. Transfers are also available from a line of credit with the bank, which has an 18% annual percentage rate, or a Truist credit card, with rates from 17.49% APR.
Overdraft buffer for eligible customers. Truist offers a $100 buffer to avoid overdrawing your account, but you’ll need to meet these requirements to qualify for the benefit:
Your account has to have been open for at least 35 days.
It must have a positive balance.
You must have a direct deposit of at least $100 made within the last 35 days.
To maintain this benefit, you’ll need to have a recurring direct deposit of at least $100, at least once every 35 days. If your account has overdraft protection and also qualifies for the buffer, the bank will use the buffer first. If your account doesn’t have either of the options, transactions that would overdraw your account will generally be declined.
Rating methodology
How we rate banks and credit unions
Banking writers and editors use an objective methodology to rate banks, credit unions, and other providers, and to recommend the best products.
100+
Financial institutions reviewed
100+
Financial institutions reviewed
We took a close look at around 100 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.
30+
Categories assessed
30+
Categories assessed
Each provider is evaluated across five weighted categories and 30 subcategories, including checking and savings accounts, certificates of deposit, customer experience, and overdraft services. For banks or credit unions without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
60+
Data points analyzed
60+
Data points analyzed
We considered more than 60 data points for each provider. Depending on the category, these included account fees and rates (such as annual percentage yields), ATM and branch access, account features, account bonuses, customer service access and user-facing technology, such as innovative tools and mobile apps. We gathered this information for each financial institution from its website, a media representative or both.
Star rating categories
The review team is made up of seasoned writers and editors who cover personal banking deposit accounts, such as checking, savings and certificates of deposit, as well as related banking services, such as overdraft programs and ATM networks. For providers without one or more types of accounts, the overall rating is modified to include only applicable categories. Institutions are not penalized if they don't offer every type of account.
Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Alto, Amalgamated Bank, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank5 Connect, Barclays, Bask Bank, BMO, Boeing Employees Credit Union, Bread Savings®, BrioDirect, Capital One, Cash App, CFG Bank, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Climate First Bank, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Customers Bank, Discover® Bank, E*TRADE, EverBank, Fifth Third Bank, First Foundation, First Internet Bank, First Tech Federal Credit Union, FNBO Direct, Forbright Bank, FourLeaf Federal Credit Union, GO2bank, Golden 1 Credit Union, Hope Credit Union, HSBC Bank, Huntington Bank, Ivy Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, My Banking Direct, NASA Federal Credit Union, Navy Federal Credit Union, NBKC, Newtek Bank, OMB Bank, OnePay, Openbank, PayPal, Peak Bank, Pentagon Federal Credit Union, PNC, Poppy Bank, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Valley Bank, Varo, Venmo, Vio Bank, Wells Fargo, Western Alliance Bank, Zolve and Zynlo Bank.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for banks and credit unions and our editorial guidelines.