Truist Bank’s minimum balance requirement for its main checking account is $1,500 per day to waive the $12 monthly fee on Truist One Checking. However, the fee is also waived with just $500 in monthly direct deposits — making it easy to avoid for most employed customers without carrying a high balance.
Truist Minimum Balance Requirements at a Glance
| Account | Monthly Fee | Balance to Waive | Direct Deposit to Waive | Other Waiver |
|---|---|---|---|---|
| Truist One Checking | $12 | $1,500 min daily | $500/month | Linked Truist product |
| Truist Bright Checking | $12 | $1,500 min daily | $500/month | Linked Truist product |
| Truist Confidence Account | $5 | Not waivable | Not waivable | Second-chance account |
| Student Checking | $0 | N/A | N/A | Valid enrollment |
| Truist One Savings | $5 | $300 min daily | — | Link to Truist checking |
| Truist Money Market | $12 | $1,000–$2,500 | — | — |
Three Ways to Waive Truist’s $12 Monthly Fee
Truist One Checking’s $12/month fee is waived if any one of these conditions is met each statement period:
1. Maintain a $1,500 Daily Balance
Keep at least $1,500 in your Truist One Checking account every day of the statement cycle. One day below $1,500 does not necessarily trigger the fee — Truist calculates on the minimum daily balance over the period, so confirm with your branch for the precise calculation method used for your account.
2. Receive $500+ in Monthly Direct Deposits
Any combination of qualifying deposits totaling $500 or more per month waives the fee. Qualifying sources include:
- Payroll (employer direct deposit)
- Government benefit payments
- Social Security or disability payments
- Pension distributions
Not qualifying: Person-to-person payments via Zelle, Venmo, or Cash App; transfers from other personal bank accounts; check deposits.
Worked example: You work part-time and receive two $300 direct deposits per month ($600 total). The $12 fee is waived — even though neither single deposit reaches $500, the combined monthly total does.
3. Link an Active Truist Product
Any of the following active Truist accounts waives the fee automatically:
- Truist credit card
- Truist mortgage or home equity loan
- Truist auto loan
- Truist personal loan
- Truist student loan
- Truist investment or brokerage account
This is the easiest waiver for existing Truist customers who already have a mortgage or auto loan.
Truist One Checking vs. Competitors on Minimum Balance
| Bank | Monthly Fee | Min Balance to Waive | Direct Deposit Alternative |
|---|---|---|---|
| Truist One Checking | $12 | $1,500 | $500/month |
| Chase Total Checking | $12 | $1,500 | $500/month |
| Bank of America Advantage Plus | $12 | $1,500 | $250/month |
| Wells Fargo Everyday Checking | $10 | $500 | Not standalone waiver |
| TD Bank Convenience Checking | $15 | $100 | — |
| PNC Virtual Wallet | $7 | $500 | $500/month |
Truist’s $1,500 balance requirement matches Chase exactly. The $500 direct deposit threshold is higher than Bank of America’s $250 but on par with Chase. TD Bank’s $100 minimum balance is the standout lowest threshold in this peer group.
Truist Confidence Account: $5/Month, No Waiver
The Truist Confidence Account is a second-chance checking account for customers who do not qualify for standard checking. Features:
- $5/month non-waivable fee
- No overdraft fees (transactions decline if insufficient funds)
- Debit card and mobile banking available
- Upgrades to Truist One Checking after 12 months of good standing
Savings Minimum Balance
Truist One Savings:
- $5/month fee, waived with $300 minimum daily balance or by linking to a Truist checking account
- Linking is the simplest waiver — no balance tracking required
Tips to Avoid Truist Fees
- Set up any direct deposit of $500+/month — even a part-time paycheck qualifies; two smaller deposits can combine to reach $500
- Maintain a $1,500 balance if you don’t have regular direct deposit
- Link a Truist product — if you already have a Truist credit card, mortgage, or auto loan, call Truist customer service at 1-844-487-8478 to ensure the link is active
- Enroll in e-statements — avoids the $3/month paper statement fee regardless of waiver status
- Open Truist Confidence Account if you’re rebuilding banking history — the $5 non-waivable fee is still low, and it upgrades to One Checking after 12 months
See the full Truist guide for fees, ATM limits, and routing numbers by state.
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