Truist Easter Hours (2024)

FAQs

What are the disadvantages of Truist? ›

The pros of banking with Truist Bank include affordable mortgage options, checking accounts with no overdraft fees, and a vast branch and ATM network. The cons of banking with Truist Bank include low savings account interest rates and common bank fees associated with most bank accounts.

If the linked protector account is a savings or money market account, transfers will count towards the maximum number of six (6) withdrawals and transfers allowed per monthly statement cycle before a Withdrawal Limit Fee is incurred.

Truist Financial has the Financial Strength Rank of 4.

The debt burden that the company has as measured by its Interest Coverage (current year).

Generally, checks deposited with standard availability and received by the 9:00 PM ET cut-off time on banking days will be available the next day.

Truist Financial recorded lower earnings in the second quarter as net interest income dropped and it took significant securities losses from a balance sheet repositioning.

Truist Bank is also a member of the FDIC, which insures up to $250,000 per account type, per depositor. Yes. Truist is the result of a 2019 merger, but both prior institutions have been around for more than 100 years.

$0 monthly maintenance fee if you: Have any related ¹ Truist personal checking account OR. 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.

Overdraft Services

account up to $100. There is no decision required as this feature is automatically available when a client qualifies. For accounts that qualify for the $100 Negative Balance Buffer and also have Overdraft Protection, Truist will use the $100 Negative Balance Buffer first.

Truist's minimum credit score requirements are: 620 for conventional loans. 620 for FHA, USDA and VA loans. 680 for jumbo loans.

Is my money safe with Truist Bank? ›

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

Truist Financial Corp has a Value Score of 43, which is Average. Wells Fargo & Co has a Value Score of 79, which is Value.

Banks are required to report when customers deposit more than $10,000 in cash at once. A Currency Transaction Report must be filled out and sent to the IRS and FinCEN. The Bank Secrecy Act of 1970 and the Patriot Act of 2001 dictate that banks keep records of deposits over $10,000 to help prevent financial crime.

This $20,000 cash withdrawal is above the $10,000 daily limit, so your bank automatically files a report under the BSA. Information about your large cash transaction is sent to the Financial Crimes Enforcement Unit (FinCEN) within the U.S. Treasury Department.

Banks are required to report any transaction of over $10,000, including withdrawals. And if you think you can avoid reporting by separating your big transactions into smaller ones, you'd be wrong. This is known as "structuring," and banks are required to report that, too.

The Truist enterprise risk framework comprises eight primary risks: strategic, credit, market, liquidity, compliance, operational, technology, and reputational.

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.

Regions Bank and Truist Bank both have free savings accounts. However, for checking accounts, Truist Bank offers more ways to waive checking account fees, but Regions Bank has lower monthly services.

Headquartered in Charlotte, North Carolina, Truist is a top-10 commercial bank with total assets of $535 billion as of December 31, 2023. Truist Bank, Member FDIC. Learn more at Truist.com.