If you’re looking for a secure and flexible everyday checking account, Truist One Checking could be the right fit. With no overdraft fees and easy ways to waive the monthly maintenance fee, it offers a straightforward banking experience backed by one of the largest financial institutions in the U.S. Here’s what you need to know before opening your account.
Fees and Additional Costs
While Truist One Checking has no overdraft fees—thanks to a $100 negative balance buffer for eligible accounts—there are a few fees to be aware of:
- $3 for out-of-network ATM withdrawals within the U.S.
- $5 for ATM withdrawals outside the U.S.
- 3% fee on international transactions.
- $35 for stop payments on money orders.
- $12 for returned domestic checks.
- Up to $30 for international checks and wire transfers.
- $3 for receiving paper statements.
Compared to online banks or credit unions, which often waive many of these charges, Truist’s fee structure is fairly standard for a traditional bank. However, many of these costs can be avoided with digital banking habits.
How to Avoid the $12 Monthly Fee
Truist One Checking has a $12 monthly maintenance fee, but it’s easy to waive. You just need to meet one of the following:
- Receive $500+ in direct deposits per statement cycle.
- Maintain a $500 average monthly balance in your Truist accounts.
- Have a Truist credit card, loan, or line of credit.
- Link a Truist business account.
- Be under 25 and a student.
These options make the fee avoidable for most users, especially those who use the account as their primary banking hub.
Safe and Easy Banking Experience
Truist’s mobile banking platform is robust and user-friendly. You can send and receive money with Zelle, pay bills, deposit checks, and monitor your balance in real-time.
Overdrafts are handled thoughtfully: eligible accounts receive a $100 buffer, and transactions that would exceed your balance are automatically declined to avoid negative surprises. The bank also uses an automated tier system, adjusting your account benefits based on your balance—no action required from you.
How to Open a Truist One Checking Account
Opening a Truist One Checking account is simple and fully digital:
- Visit the Truist website or mobile app and follow the account setup prompts.
- Enter your personal information, such as your address, Social Security number, and employment details.
- Complete any required identity verification steps.
- Make your initial deposit (if applicable) and start using your account right away.
Truist doesn’t require a high credit score or extensive banking history to open an account. While having good credit is helpful, it’s not a strict barrier, making this account accessible for a wide range of users.
Is Truist One Checking Worth It?
If you want a checking account with no overdraft fees, clear fee waiver requirements, and the reliability of a major U.S. bank, Truist One Checking is a strong option. It’s especially appealing for customers who receive direct deposits or already hold other Truist financial products, as the account can become virtually free and unlock added perks over time.
However, if you prefer a fully online bank, need international fee flexibility, or want fewer account restrictions, it’s worth comparing alternatives like digital-first institutions or credit unions. Still, for those prioritizing trust, security, and convenient access, Truist One Checking offers a well-rounded banking solution.
All information in this and other BOISLA articles is subject to change over time. Please check for updates directly with the institutions and companies mentioned. Approval is subject to the institution’s review.
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