Truist Confidence Account is a non-interest bearing account
Statements are provided monthly and may be combined with other deposit accounts.
Overdraft Related Fees
Truist does not charge Overdraft4 related fees on this product.
Negative Balance Buffer
Negative Balance Buffer does not apply for Truist Confidence Account.
Charged-Off Account fee
This fee does not apply to the Truist Confidence Account
Overdraft Coverage and Overdraft Protection
Clients with a Truist Confidence Account will not be eligible for Overdraft Protection.
While this account prevents you from overdrawing in most cases, we will decline or return transactions when you do not have enough money in your account to cover the charge. However, there may be times when your account could have a negative balance if, for example, a transaction is approved for one amount, but then the actual charge is more than what you have in your account, i.e. adding a tip at a restaurant after the transaction for the meal was already approved. Even if you have a negative balance, Truist will not charge an overdraft fee.
Non-Truist ATM balance inquiry - $1.00 per transaction5
3% International Point of Sale & ATM assessment fee per transaction5
Replacement card rush fee: $15 charge
$5 per transaction5 at non-Truist ATMs outside of the U.S.
Stop Payment Fee
Returned Deposited Item/Cashed Item Fee
$12 per domestic item. $30 per international item plus Foreign Bank Fees.
Level Benefits do not apply to the Truist Confidence Account.
Deposit and Withdrawal Processing Policies
Funds are generally available the next business day after the deposit is received.
Transactions are processed each business day (Monday through Friday except federal holidays) during nightly processing and the results are posted to your account Check deposits will be posted to your account and available for use after nightly processing unless a hold is placed
See the Funds Availability Policy in the Bank Services Agreement for further details.
Truist will post items to your account based on your available balance. The available balance can be impacted by pending transactions. Examples of common pending transactions can be found in the Bank Services Agreement.
Once the available balance is determined, prior-day credits and debits will post before current-day credits and debits. Once prior-day credits and debits are determined, if any, transactions will post in order according to the groupings below:
Deposits and credits – All deposits and credits will be posted to the account first. This includes cash, checks deposits and incoming transfers (i.e., direct deposits and wires) received before the cutoff time at the location the deposit or transfer was made.
Bank-initiated transactions – These transactions include corrections and Deposited Item Returned Checks.
Client-initiated withdrawals and debits – Withdrawals/payments that have been previously authorized and cannot be returned unpaid. This category includes debit card purchases, ATM withdrawals, account transfers and teller-cashed checks. If more than one of these transactions is received for payment from your account, the items are generally sorted and paid based on the date and time of the transaction. For a debit card transaction, if a merchant does not seek authorization from the bank at the time of the transaction, the date the transaction is received for payment from your account will be used.
Client-initiated withdrawals and debits such as ACH (automated payments) – Transactions such as bills that are paid by authorizing a third party to withdraw funds directly from your account. If there is more than one of these types of transactions, they will be sorted by the date and time that they are received. Multiple transactions that have the same time will be sorted and paid from lowest to highest serial number.
Client-initiated checks – Checks will be posted and sorted in sequential order.
Bank fees – Fees, such as the Monthly Maintenance Fee, will post to your account last. Please note that some fees will be posted to your account at the time they are incurred and others, like maintenance fees, will post last.