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We rate bank accounts on a scale from zero to five stars. Methodology: How We Reviewed Truist Savings Accounts For a Truist Confidence Account that has a lower monthly fee, you'll link it to a Truist Confidence Savings Account. If you want a Truist One Checking Account, which comes with perks like extra rewards on Truist credit cards, you'll want to link it to Truist One Savings. Your choice between the two will likely come down to which checking account you want to open. The accounts don't have any major differences, and neither pays an impressive interest rate.
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Our affiliate compensation allows us to maintain an ad-free website and provide a free service to our readers. This can affect which services appear on our site and where we rank them. While we strive to keep our reviews as unbiased as possible, we do receive affiliate compensation through some of our links. Our mission is to help consumers make informed purchase decisions. Clarify all fees and contract details before signing a contract or finalizing your purchase. For the most accurate information, please ask your customer service representative. Pricing will vary based on various factors, including, but not limited to, the customer’s location, package chosen, added features and equipment, the purchaser’s credit score, etc. But you shouldn’t have to put up with that―so you’ll need to figure out if you’re willing to risk those kinds of issues with Truist.ĭisclaimer: The information featured in this article is based on our best estimates of pricing, package details, contract stipulations, and service available at the time of writing. To be fair, we’ve seen similar complaints at other banks, so Truist isn’t exceptional for overcharging customers.
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More specifically, they say Truist charged overdraft fees (multiple times, even) when they had enough money in their bank account. That’s annoying, for sure, but not as concerning as another pattern we saw: Several customers complain about overdraft fees. Old SunTrust customers especially seem to dislike the longer wait times they now have with Truist. So we mostly care about what reviewers actually say about their banking experiences.Ī whole lot of the customer reviews complain about customer service―long hold times and less-than-helpful customer support reps. 3 To be frank, though, most traditional banks get similarly low scores. 1, 2 It gets a better 3.1 out of 5 on Bank Branch Locator.
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Truist earns a 1.1 out of 5 on Trustpilot and a 1.1 out of 5 on its Better Business Profile. Our biggest concern (and it’s one we have with most traditional banks) is Truist’s poor customer reviews.
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But this account offers unlimited free cash deposits, making it a sweet deal for qualifying nonprofits, plus community and civic organizations. Like Simple Business Checking, this account doesn’t have a monthly maintenance fee, and it gives you a number of free transactions each month. Nonprofits can apply for Truist Community Checking.
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You get a lot more free translations and cash deposits with Dynamic Business Checking, meaning it can end up being cheaper if you have lots of bank account activity―especially since Truist charges higher transaction fees than most banks do. This account does have a monthly service fee, but you can waive that fee by keeping at least $5,000 in your Truist business accounts (including both check and savings accounts).
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If you make more transactions or cash deposits, you can upgrade to Truist Dynamic Business Checking. But for low-volume users, Simple Business Checking can end up being totally free. If you exceed the free amount, you will end up paying transaction fees or cash deposit fees. You don’t pay any monthly maintenance fee with this account, and you get some free transactions and cash deposits each month. First up, Truist offers a free business checking account in Truist Simple Business Checking.
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