Truist
Truist Business Checking (Simple / Dynamic)
By Alex Compton · Last verified
A free starter tier and a perk-stacked upgrade for the Southeast
Insurance: FDIC insured up to $250,000 (Truist Bank)
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-12 | None | $0 (Simple) or $25 (Dynamic), waivable | $100 | Truist small business checking page →Dynamic fee is now $25 (waived with $5,000 average relationship ledger balance); Simple excess item fee is $0.50; $100 opening deposit and cash allowances reconfirmed |
| 2026-06-11 | None | $0 (Simple) or $20 (Dynamic), waivable | $100 | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
Dynamic Business Checking fee rose to $25 and Simple's excess item fee is $0.50; opening deposit and cash allowances reconfirmed
Fields: monthlyFee, plans, features
Truist small business checking page →
Plan Options
Simple Business Checking
$0
- ▸No monthly maintenance fee, period
- ▸50 free combined transactions per month, then $0.50 each
- ▸$2,000 free cash deposits per month, then $0.0031 per dollar
Dynamic Business Checking
$25, waived with a $5,000 average relationship ledger balance
- ▸500 free combined transactions per month, then $0.50 each
- ▸$25,000 free cash deposits per month, then $0.0031 per dollar
- ▸Unlockable perks tiers as relationship balances grow
Features
- ▸Simple tier is fee-free with no waiver conditions
- ▸Dynamic's $25,000 monthly cash allowance leads its price class
- ▸Perks model on Dynamic adds benefits as balances grow
- ▸Community Checking: a $0 option for nonprofits and civic organizations, with 225 free transactions
- ▸~1,900 branches across the Southeast and Mid-Atlantic
- ▸Full small-business lending and merchant services under one roof
Pros
- +True $0 entry account from a top-ten bank
- +Dynamic's cash deposit allowance embarrasses similarly priced rivals
- +Low $5,000 relationship waiver for the upgrade tier
- +Strong Southeast branch density
Cons
- −Simple's 50-transaction cap is the tightest of any major free account
- −No interest on either tier
- −Footprint is regional; little presence outside the Southeast/Mid-Atlantic
- −Post-merger service complaints persist
Our Take
Truist brackets the small-business market neatly: Simple for genuinely tiny operations, Dynamic for anyone moving real cash. Fifty free transactions will pinch quickly, so treat Simple as a starter and expect to graduate. Dynamic at a $5,000 waiver with $25,000 of free cash handling is one of the best cash-business deals at any branch bank in its footprint.
Best for: Southeast businesses, especially cash-heavy ones that fit Dynamic
Open at Truist →Last verified 2026-10-12
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