Truist Confidence Account 2024 Review

Truist offers a checkless checking account with no overdraft fees and a low monthly maintenance fee. This account is designed for people who want simple, convenient access to funds at local branches with the option to bank online or from their mobile devices. 

The Truist Confidence Account is a basic checking account that includes the most important features you need to manage your money. The account has a low opening deposit requirement of $25 and you can get started online or at a branch. There are no overdraft fees, as this account doesn't allow you to spend more money than you have. 

You might consider a Truist Confidence account if you:

• Prefer traditional banks to online banks
• Are looking for a starter checking account
• Don't need to write paper checks
• Would like to avoid overdraft fees

There's a monthly fee for this account but Truist gives you several options for waiving it. You won't get paper checks but you'll have access to online and mobile banking services, including bill pay, as well as a sizable ATM and branch network. You can also send and receive funds using Zelle in the Truist mobile app.

Compared to Other Checking Accounts

Chime Checking

Chime offers an online checking account with no overdraft fees and no monthly maintenance fees. Similar to Truist Confidence, this account has no paper checks but you'll be able to spend with a Chime debit card and pay bills online. You can withdraw cash at more than 60,000 fee-free ATMs and you can also deposit cash at Walgreens and Duane Reade locations nationwide. 

Read our full editorial review of Chime Checking

Current Account

Current is a mobile banking account that offers all of the features you'd expect in a traditional checking account. There are no annual fees or credit checks required to open this account and you can build a positive credit history using your Current card. Besides spending and paying bills, you can also earn a competitive APY on savings and buy or sell crypto through the Current app. 

Read our full editorial review of Current

Chase Total Checking

If you're interested in branch banking, you might consider Chase Total Checking. This account is designed for everyday banking needs and offers access to more than 15,000 ATMs and 4,700 Chase branches, along with online and mobile banking. Chase does charge a $12 monthly maintenance fee for this account, which is typical of big banks, but you have multiple ways to waive it. 

Read our full editorial review of Chase Total Checking

Bank of America Checking

Bank of America is another traditional banking option if you're looking for checkless checking with branch access. The Safe Banking Account is a checkless checking account with no overdraft fee and a low monthly maintenance fee. Like other brick-and-mortar banks, Bank of America gives you several ways to waive the fee. 

Read our full editorial review of Bank of America Checking

Interest and Rewards

Earning interest or rewards on a checking account is a bonus for spending how you normally would. For example, you might earn 1% back on what you spend with your debit card or 1% interest on your checking account balance. 

The Truist Confidence Account doesn't offer interest or rewards. Again, this is meant to be a basic checking account option. 

Should you look for an interest or rewards checking account? Maybe, if either one is important to you. 

Interest and rewards checking options are offered at online and traditional banks. If you're shopping for this type of bank account, remember to consider any fees you might pay which can offset the value of rewards or interest earned. 

Fees

Banks make money by charging fees and traditional banks tend to have more fees than online banks. Truist charges no overdraft fees for the Confidence Account, but there are some other fees to know.

Other Service Fees - Truist Confidence Account

The $5 monthly maintenance fee is waived when you:

• Make $500 or more in total deposits per statement cycle OR
• Make 10 or more qualifying transactions per statement cycle

The fee is also waived when the primary account owner is under age 25 or over age 62. Qualifying transactions for the waiver include ATM withdrawals, debit card purchases and Zelle payments. 

Branch and ATM Access

Truist has more than 2,000 branch locations and 3,000 ATMs across 17 states and the District of Columbia. The bank's branches and ATMs are primarily concentrated along the East Coast. 

You can use another bank's ATM to access your account but you'll pay a fee. The fee is:

• $2.50 for non-Truist ATMs in the U.S.
• $5 for non-Truist ATMs outside the U.S. 

If you plan on using your debit card for international purchases, remember that Truist does charge a 3% foreign transaction fee. 

Account Access

Truist gives you several options for accessing your account. You can manage funds:

• At Truist branches
• At in-network and out-of-network ATMs
• Through the Truist mobile app
• With Truist online banking

Again, there are no paper checks. If you need an official check or a money order you can get one at a Truist branch for a fee. 

The Truist mobile banking app allows for mobile check deposits. You can also schedule ACH transfers from linked accounts or set up a wire transfer. Online bill pay services are available at no cost. 

Truist is part of the Zelle network, so you can use it to send fee-free payments to friends and family or receive them. You can check your account agreement for daily and monthly Zelle transfer limits.

FDIC Insurance

FDIC insurance protects depositors at member banks in case the bank fails. While bank failures don't happen that often, FDIC insurance can protect your deposits if your bank goes under. 

Truist is an FDIC member bank, which makes sense as it's one of the largest banks in the country. Your accounts are protected up to $250,000. 

What You Need to Open

You can open a Truist Confidence Account online or at a branch. To open an account, you'll need:

• Government-issued photo ID
• Some basic information (i.e., your name, address, date of birth, etc.)
• $25 minimum deposit (or more, if you want to make a larger deposit)

Opening an account online is usually the fastest option if you don't have time to visit a branch. Here's what you'll need to do. 

• On the Truist Confidence Account page, click the Open a Truist Confidence Account button
• Click Start Application on the next page
• Choose No if you're not a Truist client yet
• Enter your zip code and tell Truist if you'd like to add a savings account to your application
• Fill in the required fields
• Consent to Truist's disclosures
• Enter your opening deposit information
• Set up online account access

If you already have a Truist bank account you can skip most of these steps and just choose Yes on the page where it asks if you're a Truist client. Altogether, the process should take less than 10 minutes to complete. 

Frequently Asked Questions

Is Truist Confidence account a checking account?

The Truist Confidence Account is a checkless checking account with no overdraft fees. When you open a Confidence Account you have the option to add a savings account to your application. You can link the two accounts together for easy transfers. 

Can I use Zelle with Truist Confidence?

Truist is a Zelle partner so you can access the money transfer feature inside your mobile banking app. There are limits on how much you can send and receive through Zelle, which you'll be able to view once you log in. There's no fee to send or receive payments using Zelle. 

Is a checkless checking account good?

A checkless checking account could be a good fit for people who don't write paper checks and want to avoid overdraft fees. Truist Confidence is designed so that you can't spend more money than you have--hence, no overdraft fee. If you need to write checks to pay bills or make other payments, however, you might consider a traditional checking account instead.