Truist Review 2026
Truist was formed from the merger of BB&T and SunTrust Banks, creating one of the largest financial institutions in the US. It offers comprehensive banking services with a strong Southeast presence.
Founded
2019
Headquarters
Charlotte, NC
Total Assets
$540 billion
Branches
2,000+
BankingDeal Rating
Based on rates, fees, features, and customer satisfaction
3.7
out of 5.0
Rates & Fees
| Product | Rate / Fee |
|---|---|
| Savings APY | 0.01% |
| 12-Month CD APY | 4.40% |
| Checking Monthly Fee | $12 |
Rates shown are for illustration. Verify current rates directly with Truist.
Products Offered
Pros & Cons
Pros
- +Large Southeast branch network
- +Competitive CD and money market rates
- +Strong digital banking platform
- +Variety of checking account options
- +Dedicated financial advisors available
Cons
- -Integration issues post-merger
- -Limited presence outside Southeast
- -Some legacy account features changed
- -Monthly fees on basic accounts
Our Verdict
Truist is a decent option for those who value 2,000+ branch locations and a full suite of banking products. Large Southeast branch network, making it worth considering in the traditional banking space. While savings rates at 0.01% are lower than online competitors, the convenience of branch access and comprehensive product offerings may offset this for many customers.
Related Resources
Frequently Asked Questions
Is Truist a good bank?
Truist has a rating of 3.7/5 on our scale. Large Southeast branch network. However, integration issues post-merger. Whether it is right for you depends on your specific banking needs and priorities.
What is the savings account APY at Truist?
Truist currently offers a savings APY of 0.01%. Online banks may offer higher rates, though Truist provides other benefits like branch access. Rates are subject to change. Verify current rates directly with Truist.
Does Truist charge monthly fees?
Truist charges a $12 monthly maintenance fee on its standard checking account, though this can often be waived by meeting certain requirements such as maintaining a minimum balance or setting up direct deposit.
What products does Truist offer?
Truist offers Checking Accounts, Savings Accounts, CDs, Credit Cards, Mortgages, Personal Loans, Wealth Management. Services are available online, through the mobile app, and at 2,000+ branches nationwide.
Where is Truist headquartered?
Truist is headquartered in Charlotte, NC. Founded in 2019, Truist Financial Corporation has grown to manage $540 billion in total assets. It operates 2,000+ branches.