See the Personal Deposit Accounts Fee Schedule for further details.
Withdrawal Limit Fee
$5 is assessed, regardless of balance, for each withdrawal over six with a maximum of six Withdrawal Limit Fees per statement cycle.
The withdrawal limit fee applies, regardless of the balance, to all withdrawals and transfers made from a Truist personal savings and/or money market account including those made at a branch, ATM, by mail or through any electronic means. The only transaction not counted toward the monthly limit of six are bank initiated transactions and transactions required for legal reason.
Yes. Interest is calculated and compounded daily on the collected balance and credited to your account monthly. Fees may reduce earnings. Interest rates are variable and can change at any time at the bank's discretion.
All interest rates have a corresponding Annual Percentage Yield (APY).
No. Tiered interest is not applicable for the Truist One Savings account.
Statements are provided each quarter on a cycle basis and checks are not returned with the statement. Note: Statements will be provided monthly if combined with a Truist Checking Account or there is electronic activity.
Monthly Paper Statement Fee
$3. Opting into Paperless Online statements4 is required to waive the $3 Paper Statement Fee.
Overdraft Related Fees
Truist does not charge Overdraft5 related fees on this product.
Charged-Off Account fee
Accounts closed in a charged-off status, $30.
Overdraft Protection is an optional service that can help clients avoid declined transactions. The client can link a Truist checking or money market account (the “protected” account) to another Truist deposit account, credit card6, or line of credit6, 7 (the “protector” account) and available funds are automatically transferred from the linked protector account when necessary to cover any shortfalls in the protected account. There is no fee for the Overdraft Protection transfer. The amount transferred is the exact amount of the overdraft.
If the linked protector account is a savings or money market account, transfers will count towards the maximum number of six (6) withdrawals and transfers allowed per monthly statement cycle before a Withdrawal Limit Fee is incurred.
If your account does not have Overdraft Protection or Overdraft Protection is insufficient, transactions that exceed the account balance will typically be declined or returned.
Note: Savings accounts are not eligible to enroll in the Overdraft Protection Service as a protected account.
$3 per transaction8 at non-Truist ATMs in the U.S.
$5 per transaction8 at non-Truist ATMs outside the U.S.
3% International Point of Sale & ATM assessment fee per transaction8
Non-Truist ATMs may charge additional fees
Replacement card rush fee: $30 charge
Stop Payment Fee
Returned Deposited Item/Cashed Item Fee
Level Benefits do not apply to the Truist One Savings 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 and check 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 Returned Deposited Item/Cashed Item.
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.