Truist Financial review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Truist Financial is a US bank for students who want an easy-access account and a savings pot under one roof. A monthly fee of $12 applies to the checking side, while the savings rate sits at 0.01%. It suits US banking, not euro accounts.
Key facts
- Best for
- US students wanting checking and easy-access savings with FDIC cover.
- Monthly fee
- $12↗
- Licence type
- Bank↗
- Deposit protection
- FDIC up to USD 250,000↗
- Currency conversion fee
- 3%↗
- Local account details
- Us-ACH↗
- Free ATM withdrawals
- from $0↗
- Transfer fee
- Outgoing wire $30 domestic, $65 international; incoming wire $15 (one no-fee incoming transfer per month)↗
- Legal entity
- Truist Bank↗
- Headquarters
- United States↗
- Founded
- 2019↗
- Support channels
- Phone, Help-centre↗
- Audience
- Students
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals
- Official website
- truist.com
Savings
Pros and cons
Pros
- Variable savings rate of 0.01% on an easy-access account, so money stays reachable.
- FDIC deposit protection of FDIC up to USD 250,000 covers the money held.
- ATM withdrawals are free, with an allowance of from $0.
- Zelle transfers typically land in minutes, with delivery time of Minutes (Zelle transfers typically occur in minutes).
Cons
- The checking side charges a monthly fee of $12, against a site median of €0 and an everyday-accounts median of €0.
- Currency conversion costs 3%, and the exchange rate margin runs 0% to 3%.
- Wires are costly: the transfer fee reaches $65 for an outgoing international wire, and the savings account charges a fee per withdrawal beyond its allowance.
Who it suits
- US students who want checking and savings in the same place
- Anyone comfortable paying a monthly fee in exchange for a large ATM network
- Savers who need easy access rather than a fixed term
Who should look elsewhere
- AXI Card Tarjeta y Credito, whose monthly fee is €0
- XTB, whose monthly fee is €0
- Skrill, whose monthly fee is €0
Where it sits among rivals
On currency conversion fee, Truist Financial ranks 262 out of 312 brands listed on the site, which leaves it well down the field for anyone spending in several currencies. On monthly fee it ranks 483 out of 500. Most rivals charge nothing a month, so the fee here is the trade-off readers weigh first.
How Truist Financial compares
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Where Truist Financial is available
- Available
- United States
- Licence in United States
- FDIC (FDIC cert 9846), checked September 26, 2026
- Licence in United States
- NMLS (National Mortgage Licensing System and Registry), checked September 26, 2026
- Licence in United States
- SEC, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold a Truist Financial account?+
The checking account carries a monthly fee of $12. Currency conversions add 3%, and the exchange rate margin runs 0% to 3%. Outgoing wires also cost, with the transfer fee reaching $65 for an international transfer.
Is my money protected at Truist Financial?+
Yes. Truist Bank is a US bank with FDIC deposit protection of FDIC up to USD 250,000, and the licence is listed as FDIC cert 9846. The legal entity is Truist Bank, based in the United States.
Can I earn interest on my savings at Truist Financial?+
The savings account pays a variable rate of 0.01%, so the figure can move. It is an easy-access account, not a fixed term, and a minimum deposit of $50 is needed to open it.
How often can I take money out of the savings account?+
Withdrawals and transfers are allowed a set number of times per statement cycle before a charge applies, and the access terms set out that allowance. Beyond it, a fee is added per withdrawal, so frequent access costs more.
How fast are transfers at Truist Financial?+
Delivery time is listed as Minutes (Zelle transfers typically occur in minutes), so Zelle transfers typically arrive in minutes. Domestic and international wires are slower and carry charges, with the transfer fee reaching $65.
Who is the Truist Financial account built for?+
The audience is student, and the account is aimed at US customers, with local details showing us ach. Support runs on phone and help centre, so help is by phone and in the help centre.
Are ATM withdrawals free at Truist Financial?+
Free ATM use is one of the listed features, and the ATM allowance stands at from $0. Cash machine access is therefore free at the allowance, which suits customers who withdraw regularly.
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/9846 checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licence type, Licences
“CERT=9846; NAME=Truist Bank; WEBADDR=www.Truist.com; ACTIVE=1”
- en.wikipedia.org/wiki/Truist_Financial checked September 26, 2026
Backs: Founded
“The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust.”
- truist.com checked September 26, 2026
Backs: Support channels
“Help Center ... 844-4TRUIST (844-487-8478)”
- truist.com/checking/truist-one-banking checked September 26, 2026
Backs: Audience, Delivery time, Local account details, Pricing model
“We also waive the monthly maintenance fee for primary account owners under age 25 or age 62 and older ... Be a student.”
- truist.com/checking/truist-one-banking/disclosures-and-fees checked September 26, 2026
Backs: Free ATM withdrawals, Features, Currency conversion fee, Exchange rate markup, Monthly fee, Payout methods, Transfer fee, Fee to send 1,000
“Non-Truist Domestic ATM Waivers and Surcharge Rebates, up to $3 per charge (Per Monthly Cycle): None, 1, 3, 5, Unlimited”
- truist.com/savings/truist-one-savings/disclosures-and-fees checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type
“$5 is assessed, regardless of balance, for each withdrawal over six with a maximum of six Withdrawal Limit Fees per statement cycle.”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currencies.
Related by the facts
Truist Financial
US students wanting checking and easy-access savings with FDIC cover.