![]() ![]() Student Checking also waives fees on the first two out-of-network ATM transactions per statement cycle. The account features no minimum opening deposit and no monthly fees. Student Checking. Student Checking accounts are for students ages 23 and under. A $50 minimum opening deposit is required to open an account. You can avoid the fee by keeping an average balance of $1,500 or by receiving direct deposits of $500 or more each statement period. BB&T charges a $3 fee for out-of-network ATM use (plus any fees charged by the ATM owner).īright Banking. Bright Banking is another basic checking account, but this one offers two ways for customers to avoid its $12 monthly fee. The Fundamentals account comes with a debit card and fee-free ATM use at BB&T ATMs. It does, however, come with a $5 monthly maintenance fee that can’t be waived. This basic checking account requires a $50 minimum opening deposit and has no ongoing balance requirement. BB&T offers five checking accounts to meet varying customer needs: BB&T Fundamentals, Bright Banking, Student Checking, Senior Checking and Elite Gold.īB&T Fundamentals. The primary bank account for transactions is your checking account. Account details and annual percentage yields (APYs) are accurate as of Sept. This review focuses on BB&T’s personal banking services. We used North Carolina for the purposes of this review, since that’s where the bank is headquartered. BB&T has been headquartered in Winston-Salem, North Carolina, but is moving to Charlotte under the merger.īB&T product details, rate and fee information may vary by location. The Charlotte, North Carolina-based bank operates over 1,700 financial centers across 15 states and Washington D.C. While the two banks still operate as separate financial institutions, they’ll soon have a unified presence under the Truist brand, reportedly sometime in 2022.īB&T offers a wide range of financial services and products for individuals and businesses, including a suite of personal banking products. An API will link both sides of its tech stack, enabling Truist to do a phased switchover instead of a one-time move.BB&T (Branch Banking and Trust Company) merged with SunTrust Bank to become Truist Bank in December 2019. The bank disclosed in its Q1 2021 earnings presentation, released in April, that its customers will see a unified front-end interface, while it will continue to use legacy back ends for its tech stack. A landing page outlines the combined platform features. Truist has already released its unified app, whose features include mobile check deposits access via fingerprint or facial recognition access to cashflow insights and ability to lock and unlock, along with setting spending limits. Truist also noted that it will continue to accept BB&T-labeled checks. The bank said in its email that, after the accounts switch, BB&T users will retain several features, including online bill pay routing numbers and deposit account numbers direct deposits card numbers and wire transfer instructions. Existing customers for both the BB&T and SunTrust sides have already started using the combined mobile app and online banking, the Truist spokesperson noted. Its finalization of plans for a public migration follows its March 2021 pilot rollout of the unified platform for Truist employees only. In July, the bank said that its migration of customers would occur in phases-It expected to move up to 500,000 customers during the first month of the process. More on this: Truist has already been transitioning its legacy BB&T customers to its new digital platform and continues to do so, the spokesperson noted. ![]()
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