![]() BB&T’s Investor’s Deposit Account is a premium savings account that requires a $10,000 minimum opening deposit. Unfortunately, the account only earns 0.01% APY on all balances, much lower than you can earn with a high-yield savings account at many online banks. It features no monthly fee, no minimum balance requirements and no minimum opening deposit requirement. This online-only savings account is no-frills. SavingsīB&T offers three primary savings accounts for its customers: eSavings, Investor’s Deposit Account and Young Savers.ĮSavings. Waived fees on the first four out-of-network ATM transactions per statement periodĮlite Gold has a $30 monthly fee, waived with a $25,000 combined personal deposit or investment balance or a BB&T mortgage loan of at least $150,000.Two overdraft protection transfer fees waived per statement period.The account currently earns just 0.01% APY on all balances, but it comes with other perks like: Elite Gold is an interest-bearing checking account with plenty of extra benefits. The account charges a $10 monthly maintenance fee, but it’s waived if you keep a $1,000 average balance or have $500 in combined direct deposits each statement period.Įlite Gold. Also, the account comes with free wallet-style checks with a BB&T design-there’s a $6 discount on other designs. You have the option to personalize your debit card. There is a $100 minimum deposit requirement to open an account, but it comes with perks. ![]() ![]() Senior Checking is for individuals at least 55 years of age. 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. BB&T (Branch Banking and Trust Company) merged with SunTrust Bank to become Truist Bank in December 2019.
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