Closest Truist Bank (2024)

FAQs

Is Truist a good bank to bank with? ›

Truist Bank is one of the best banks for avoiding overdraft fees. Most national brick-and-mortar banks still charge overdraft fees when you overdraw from your bank account, and the bank covers your negative balance. Other common bank fees still apply to most Truist bank accounts, though.

In December 2019, BB&T and SunTrust Bank merged and now operate under the name, Truist Bank. Truist slowly upgraded branches and services over a two-year integration period. Now, all products, services and locations are branded as Truist.

Four years after a merger of two mighty banks, Truist is still working to gain its edge. BB&T got very big when it decided to merge with SunTrust to create the nation's sixth-largest bank in February 2019. The verdict is out on whether the combined Truist Financial got better.

However, on the day the merger closed, SunTrust Bank merged into Branch Banking & Trust Company, forming Truist Bank as the merged company's legal banking entity.

Earn a $400 bonus when you open a new Truist One Checking account using promo code TRUIST400DC24 by October 30, 2024, receive at least one qualifying direct deposit of $500 or more and complete at least 15 qualifying debit card purchases within 90 days of account opening..

We use a multi-layered strategy of technology and dedicated teams to help protect you and your finances from fraud and other security threats.

According to the lawsuit, the bank failed to properly secure and safeguard the sensitive information of its customers, which was then targeted by cybercriminals in an October 2023 data breach.

Maintain a minimum daily ledger balance of $300 ^2, or more OR. Schedule a preauthorized internal transfer of $25 or more per statement cycle OR.

Truist Financial's odds of distress is over 50% at the present time. It has a moderate probability of going through some financial straits in the next 2 years. Probability of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.

What was the old name of Truist Bank? ›

BB&T and SunTrust announce new name will be Truist and new corporate headquarters will be at 214 N. Tryon St., Charlotte, North Carolina. Boards of both SunTrust and BB&T announce unanimous approvals to combine in merger of equals.

Who we are. We're a top 10 U.S. commercial bank, headquartered in Charlotte, North Carolina. We're excited to be your bank and help you accomplish whatever you're after.

Truist. That's the new name for the combined banks SunTrust and BB&T , which are in the process of a "merger of equals." The two banks will operate as Truist Financial, the companies announced Wednesday, with a new headquarters in Charlotte, North Carolina.

The Monthly Maintenance Fee can be waived for the Truist Confidence account for each statement cycle by: Making $500 or more in total deposits per statement cycle OR. Making 10 or more qualifying transactions per statement cycle ¹ OR. Primary client is a student under the age of 25.

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.

Truist, another Charlotte, North Carolina-based bank, holds the eighth position with total assets of $526.71 billion. The bank's domestic assets total $526.65 billion, accounting for almost all of its total assets. Truist operates entirely within the US with 1,930 domestic branches.

(DBRS Morningstar) confirmed the ratings of Truist Financial Corporation (Truist or the Company), including the Company's Long-Term Issuer Rating of AA (low). Additionally, DBRS Morningstar confirmed the ratings of its primary banking subsidiary, Truist Bank (the Bank). The trend for all ratings is Stable.

Truist Confidence Savings doesn't have a monthly maintenance fee and can provide overdraft protection for your Truist Confidence Account. Build your financial confidence with a no-maintenance-fee, no-overdraft-related-fee ² savings account. (You'll need a Confidence Account to open a Confidence Savings account.)