Additional Information Hub

for Truist Asset Management Account (AMA)

Truist AMA combines the ease and convenience of a checking account with the investment opportunities of a full-service brokerage account. Truist AMA offers the AMA Debit or Delta SkyMiles® Debit Card. Annual fee may apply.1

Account Overview

Get an in-depth look at the features and fees of the Truist Wealth Checking Account.

Fee Schedule

Receive real-time alerts, set spending limits, and more—anywhere with our mobile app.

Bank Services Agreement

Review the terms and conditions of your relationship with us.

Account Opening, Closing and Usage
Minimum Opening Deposit

$25,000 includes cash, check, securities and/or Truist deposit account balances

Monthly Maintenance Fee

$30.

How to Avoid the Monthly Maintenance Fee (MMF) The MMF can be waived for the AMA Checking account for each statement cycle by:
  • Maintaining a total combined balance2 of $50,000 or more in Truist related accounts3 across personal deposits and all investments4 OR Maintaining $100,000
  • Maintaining $100,000 or more in Truist related accounts across personal deposits, all investments and/or consumer credit card or loan/line balances (excludes mortgage and LightStream® loans).

See the Personal Deposit Accounts Fee Schedule at truist.com/wealth/solutions/banking/asset-management-account-disclosures-and-fees.

Pays Interest

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.

Interest Tiers

The interest earned is based on the following ledger balance tiers:

Tier 1 – $0.01 to $4,999.99

Tier 2 – $5,000 to $24,999.99

Tier 3 – $25,000 to $49,999.99

Tier 4 – $50,000 and greater

Account Statement

Statements are provided monthly and may be combined with other deposit accounts.

Charged-Off Account Fee

Account closed in overdraft, $30.

Negative Balance Buffer

The Negative Balance Buffer is not available with the Truist Asset Management Account (AMA).

Overdraft Fees
Overdraft Fee

$36 per item, per occurrence; one Overdraft Fee will be waived per month.

Maximum Number of Overdraft Fees Per Day Three total Overdraft Fees per day.
Overdraft Fee Threshold

For transactions under $5, Truist will waive Overdraft Fees.

Overdraft Options
Overdraft Coverage

This is an optional service you can add to your account that allows Truist, at its discretion, to authorize and pay transactions on ATM and everyday debit card purchases when there are insufficient funds in your account.

Opt out: Your account is automatically opted out of Overdraft Coverage at account opening. By opting out of Overdraft Coverage, Truist will automatically decline all future ATM and everyday debit card transactions that would overdraw your account. Since these transactions will be declined when you have insufficient funds, you will not be charged the Overdraft Fee for ATM or one-time debit card transactions.

Opt in: By opting in to Overdraft Coverage, Truist may pay ATM and everyday debit card transactions at the bank’s discretion when your account does not have sufficient funds to cover the transaction.

Your choice to opt in or opt out of Overdraft Coverage does not apply to checks, ACH and recurring debit card transactions. Truist may pay these transactions at our discretion and fees may apply

Overdraft Protection5

This optional service helps you avoid overdraft fees and/or declined transactions by linking your Truist checking or money market account (the “protected” account) to another Truist deposit account, credit card6 or line of credit6,7 (the “protector” account). We will use available funds in your linked account (the “protector” account) to authorize or pay your transactions if there are insufficient funds in your checking or money market account. The amount transferred is the exact amount of the overdraft based on balance availability.

If your account has both Overdraft Protection and Overdraft Coverage, Truist will use Overdraft Protection first. If your account has neither, everyday debit card and ATM transactions that exceed the account balance will be declined

Other Account-Related Fees
ATM Fees

No fee for transactions at Truist or non-Truist ATMs including surcharge rebates. 3% International POS and 3% International ATM Fee applies.

Returned Deposited Item / Cashed Item Fee8

$12 per domestic item.

$30 per iternational item plus Foreign Bank Fees.

Stop Payment Fee

$35 each.

Deposit and Withdrawal Processing Policies
Funds Availability

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 account details.

Posting Order

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.

Other Useful Links
Facts About Banking

truist.com/thefacts

Guides and Disclosures, Including:
  • Personal Deposit Accounts Fee Schedule
  • Bank Services Agreement
  • Privacy Policy

truist.com/wealth/solutions/banking/asset-management-account-disclosures-and-fees

truist.com/content/dam/truist-bank/us/en/documents/disclosures/banking/bank-services-agreement-privacy-notice.pdf