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Get extra cash to help avoid overdrafts.

Cash Reserve helps you cover the “uh-ohs” with a cash advance2 into your checking account. And no credit check.3

Sign in to see eligibility

It’s cash on the side if you need it.

Cash Reserve Perks

Pay for the unplanned.

Access your available reserve to take care of emergencies.

Open without a credit check.

There’s no credit inquiry3 for opening Cash Reserve.

Prevent overdrafts4.

And declined transactions and fees with an advance when your account balance is low.

Get cash fast.

The cash you advance is immediately available in your checking account.

How Cash Reserve works

Step one

Enroll through online banking.

If you're eligible, you'll see Cash Reserve under Accounts and will select Manage my account to complete enrollment.

 

See if you’re eligible.

Make an advance.

In online banking, you’ll transfer available Cash Reserve money into your associated checking account. Your cash is immediately available.

Number 3

Pay it back.

Advances are repaid from your associated checking account in four monthly payments4.

Frequently asked questions

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Truist Cash Reserve is an unsecured, revolving line of credit that can help you prevent declined transactions, overdraft fees, and cover emergencies. Once you’re eligible and enrolled, you can get cash immediately from your Cash Reserve account by making an advance. This can be really useful when you have a low account balance and need to cover an upcoming expense.

It’s pretty simple, actually. Within online banking, eligible clients will see the Cash Reserve option under Accounts. (If you’re not eligible, you won’t see this option and will need to check back later for eligibility.) Then you’ll just select Manage my account to complete enrollment.

Once you enroll, you’ll have a line of credit of up to $7505. This is different from overdraft coverage in that money doesn’t automatically move into your checking account. You have to move cash yourself when you want or need it. To do so, simply sign in to online banking and make the advance. You’ll pay back your Cash Reserve in installments over the next four months.

All advances are subject to an annual percentage rate (APR) of 18%. There’s no prepayment or late fee charged. 

No. It’s a revolving line of credit based on your checking account history, not your personal credit. So there’s no credit check with credit bureaus when you open an account. Nice.

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1 Truist Cash Reserve eligibility requirements:

  • Client must have a Truist checking account and
  • The client’s Truist Checking Account is not owned by or held by trusts, conservators, guardians, custodians and representative payees, as well as by businesses and
  • The Truist Associated Checking Account must be opened for at least six (6) months and
  • Client must be a United States citizen or permanent US resident and reside in the following states:  AL, AR, DC, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, and WV and
  • Client must be 18 years or older (in all states mentioned above except Alabama); 19 years or older (in Alabama) and
  • The associated Truist Checking Account must have one or more Qualified Deposit(s) (any deposit greater than or equal to $100) credited in one (1) of the last two (2) statement cycles and
  • The associated Truist Checking Account must not be in a continuously overdrawn position for fifteen (15) calendar days or more at time of enrollment.

Ongoing Eligibility Requirements:

All of the eligibility requirements as outlined above must be met on an ongoing basis in addition to the list below in order for the client to remain eligible to initiate advances:

  • The amount of the Advance requested by the client is sufficient to bring their overdrawn associated Truist Checking Account balance to at least a positive $25 balance
  • The client’s Cash Reserve account is not currently in a Cool-Off Status due to non-payment
  • The client’s associated Truist Checking Account balance must not be continuously overdrawn for fifteen (15) calendar days or more
  • The client’s associated Truist Checking Account is open and active and is not currently in a blocked, dormant, or closed status (for fraud, attempted fraud, garnishments and levies, or any other reason)

2 Advances are subject to an annual percentage rate (APR) of 18% in all states.

3 Cash Reserve uses deposit “cash flow” underwriting and does not pull a credit report from a bureau.

4 Advances

Minimum amount: $5

Maximum amount: Approved line amount up to $750

Advances must be in whole dollar amounts and must be initiated by the client via online or mobile banking. The proceeds of each Advance will be deposited to the client’s associated Truist Checking Account and available immediately. Clients may request multiple Advances up to their approved Cash Reserve Credit Line Amount.

If the associated Truist Checking Account has a negative available balance before the Advance is credited to the account, the Advance will first be used to bring the account balance positive. After the account balance has been made positive, the additional funds will be available for use.

Please note that the Advance must bring the client’s associated Truist Checking Account balance to $25 or greater. Truist requires the account balance to be at least $25 after the Advance, as disclosed in the Terms and Conditions for Cash Reserve, in order for the transaction to be materially beneficial.

Advances are made immediately available to clients in their associated Truist Checking Account for point of sale transactions. Advances initiated prior to 12:00AM ET will be included in the client’s available balance when assessing overdraft fees (if applicable) during nightly processing.

All Advances are repaid in four (4) monthly installments. Multiple Advances can be requested at any time and would align to the monthly installment payment for the statement cycle in which the Advance was requested.

When a client enrolls, they have the ability to choose between automatic or manual payments. If the client wishes to change their payment preference they will need to contact Truist Contact Center at 1-844-4TRUIST. Please note that Branch teammates do not have the ability to perform this request or contact the Truist Contact Center to initiate this request on behalf of the client.

Payments are subject to availability of funds in the associated Truist Checking Account.

Automatic Payment Option

  • Payments will be debited from the client’s associated Truist Checking Account on the morning that payment is due
  • If funds are not available in the client’s associated Truist Checking Account, the payment will automatically be reattempted in two calendar days
  • If the funds are not available on the 2nd attempt, the client will be responsible for making a payment through the manual payment option before the next payment due date in order to keep their account in good standing
  • If payment is not received before the next payment due date, both the past due amount and the current payment will be automatically debited from the associated Truist Checking Account on the next payment due date

Manual Payment Option

  • Payments for this option can be made via Online or Mobile banking, using funds from the associated Truist Checking Account only
  • These payments are immediately debited from the associated Truist Checking Account at the time the payment is initiated and will reduce the available balance in the account
  • Clients can make a manual payment at any time, even if they are enrolled for automatic payments, with no penalty for payments made sooner than required

5 The maximum credit line amount is the lesser of $750 or 50% of the total qualified monthly deposits for the prior two (2) associated Truist Checking Account statement cycles with a $50 minimum credit line.

Disclosures

Truist Bank, Member FDIC. © 2023 Truist Financial Corporation. Truist, the Truist logo and Truist Purple are service marks of Truist Financial Corporation.

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