The MMF can be waived for the Truist One Checking account for each statement cycle by:
See the Personal Deposit Accounts Fee Schedule for further details.
No charge for Paper Statement or Paperless Online Statement Disclosure 7
Truist One Checking is a non-interest bearing account.
Statements are provided monthly and may be combined with other deposit accounts.
Accounts closed in a charged-off status, $30.
Truist does not charge Overdraft Disclosure 8 related fees on this product.
The $100 Negative Balance Buffer is only available with Truist One Checking and allows clients to overdraw their 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. If the account has neither, transactions that exceed the account balance will typically be declined or returned.
Overdraft Protection is an optional service that can help clients avoid declined transactions. The client can link a Truist checking or money market account (the “protected” account) to another Truist deposit account, credit card Disclosure 10, or line of credit Disclosure 10, Disclosure 11 (the “protector” account) and available funds are automatically transferred from the linked protector account when necessary to cover any shortfalls in the protected account. The amount transferred is the exact amount of the overdraft.
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.
No fee for transactions Disclosure 12 at Truist ATMs. Non-Truist ATMs fees are based on the following "Level Benefits" listed below
$35 each.
See the Funds Availability Policy in the Bank Services Agreement and the Personal Deposit Accounts Fee Schedule for further details. Truist.com/BSA / Truist.com/personaldepositsfeeschedule
See the Funds Availability Policy in the Bank Services Agreement and the Personal Deposit Accounts Fee Schedule for further details. Truist.com/BSA / Truist.com/personaldepositsfeeschedule
Truist will post items to your account based on your available balance. The available balance can be impacted by pending transactions. Examples of common pending transactions can be found in the Bank Services Agreement.
Once the available balance is determined, prior-day credits and debits will post before current-day credits and debits. Once prior-day credits and debits are determined, if any, transactions will post in order according to the groupings below:
Deposits and credits – All deposits and credits will be posted to the account first. This includes cash and check deposits and incoming transfers (i.e., direct deposits and wires) received before the cutoff time at the location the deposit or transfer was made.
Bank-initiated transactions – These transactions include corrections and Returned Deposited Item/Cashed Item.
Client-initiated withdrawals and debits – Withdrawals/payments that have been previously authorized and cannot be returned unpaid. This category includes debit card purchases, ATM withdrawals, account transfers and teller-cashed checks. If more than one of these transactions is received for payment from your account, the items are generally sorted and paid based on the date and time of the transaction. For a debit card transaction, if a merchant does not seek authorization from the bank at the time of the transaction, the date the transaction is received for payment from your account will be used.
Client-initiated withdrawals and debits such as ACH (automated payments) – Transactions such as bills that are paid by authorizing a third party to withdraw funds directly from your account. If there is more than one of these types of transactions, they will be sorted by the date and time that they are received. Multiple transactions that have the same time will be sorted and paid from lowest to highest serial number.
Client-initiated checks – Checks will be posted and sorted in sequential order.
Bank fees – Fees, such as the Monthly Maintenance Fee, will post to your account last. Please note that some fees will be posted to your account at the time they are incurred and others, like maintenance fees, will post last.
Disclosures, including:
Disclosure 1 Direct Deposit: A qualifying direct deposit is an electronic credit via ACH deposited to your account during the current statement cycle. Pre-authorized transfers made from one account to another or deposits made via a branch, ATM, online transfer, mobile device, debit card/prepaid card number or the mail are not eligible to meet this requirement.
Disclosure 2 Ledger Balance: The actual balance in your account on a specific day and does not reflect any holds or pending transactions.
Disclosure 3 Total Combined Balance: The sum of all balances within the Truist personal deposit accounts (checking, savings, money market or CDs), IRAs or brokerage accounts introduced through Truist Investment Services, Inc. Truist HSA is excluded from Total Combined Balances.
Disclosure 4 Related Accounts: Related accounts automatically includes all applicable accounts associated with primary and secondary account holders.
Disclosure 5 Linked Small Business Checking Account: Eligible Small Business account types to be linked include: Truist Dynamic Checking, Business Interest Checking, Simple Business Checking and Business Value 200.
Disclosure 6 Waiver for clients aged 62 and older requires that they are listed as the primary owner. Waiver is applied automatically at account opening and expires on the 25th birthdate of the student or their stated graduation date, whichever comes later. On this date, the account is subject to all applicable fees, including the Monthly Maintenance Fee unless at least one waiver criterion is satisfied.
Disclosure 7 Paperless Online Statement: Electronic/Online Statement provided through Online Banking each statement cycle. Clients may select the option to no longer receive paper account statements through U.S. mail. Online Banking is required to access Paperless Online Statements.
Disclosure 8 Overdraft related fees are considered overdraft fees, returned item fees, negative account balance fees, or overdraft protection transfer fees.
Disclosure 9 After qualifying, if two months pass without a Direct Deposit of at least $100, you will no longer have access to $100 Negative Balance Buffer.
Disclosure 10 Credit card and/or line of credit are subject to credit approval. For accounts linked to a line of credit or credit card, funds advanced for Overdraft Protection are subject to fees and finance charges under your line of credit or credit card agreement. Please see your agreement for more information.
Disclosure 11 Truist Home Equity Lines cannot be linked for Overdraft Protection in Texas.
Disclosure 12 Per Transaction is defined as Cash Withdrawals, Balance Inquiries or Transfers.
Disclosure 13 Accounts that are opened with a company ID code through a company sponsored Financial Wellness program start at Level 2; Clients identified as Truist Premier and Wealth start at Level Premier. The monthly maintenance fee waiver and any other associated benefits can take up to two (2) business days to take effect. NOTE: Truist Dynamic Business Checking linkage will be checked on the 2nd business day of the month when levels are calculated. If clients have a linked Dynamic Business Checking account, they will be granted Level Premier.
Disclosure 14 Delta SkyMiles® Debit Card Annual Fee: See Personal Deposit Accounts Fee Schedule for more details concerning the Delta SkyMiles® Debit Card Annual Fee.
Disclosure 15 Truist credit card clients can earn elevated rewards in the form of either a Loyalty Cash Bonus or Loyalty Travel Bonus based on their credit card product type, the method by which they redeem, and their deposit relationship(s) at Truist. Truist credit cards that are eligible to receive a loyalty bonus can be found in the FAQ section of the Truist One Checking site. More information on this loyalty bonus can be found within the Rewards Program Terms and Conditions applicable to the client’s respective credit card (conditions apply) and also on the Credit Card Rewards Program site. Truist credit cards are subject to credit approval.