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As part of the merger agreement with regulators, Truist committed to not closing the majority of overlapping branches until one year from closing, Chairman and CEO Kelly King said at an investor conference on Dec.

That date is approaching, as the MOE closed Dec. The spokesperson added that the transition to the full Truist client experience will not happen until Even after cutting 7. In markets where both banks have a presence, the Washington, D. Philadelphia is the metro area that has seen the most branch closures with 15, but SunTrust was not in that market. The Richmond-Berea, Ky. For many banks, changing customer behaviors and digital transformation are having an impact on branch decisions, and King acknowledged that ongoing industry trend may affect his company.

As Truist delivers more services digitally, it could reduce brick-and-mortar costs through branch and backroom support facility reductions, King said at the Barclays conference. Still, the Truist spokesperson noted that b ranches will remain an important part of the company's customer experience.

Truist plans to enhance its digital and in-branch technology capabilities. Thank you. We use this when contacting you to make sure we reach the right person. What is your last name? What is your primary email you use for work? We may reach out to your work email to start the conversation.

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What industry or sector does your company fit into? We will use this information to route your request to the right team within our company. What is your job within the company type you selected? This helps us to match your request to the right job specialist within our company. All other CDs have a calendar-day grace period.

The bank charges an early withdrawal penalty if you withdraw money before the CD matures. Penalties vary depending upon the length of the CD term. Each is designed with a specific consumer in mind and has benefits ideal for that audience. There is a balance transfer card, one with cash back, and a travel rewards card.

Customers may check for prequalified offers without affecting their credit score. Such offers may be available in as little as 60 seconds. Here are the credit cards offered:. Customer service is available by phone at , Monday through Friday from 8 a. It is closed on Sundays. There are more than 2, branches across 17 states and Washington, D. Branches are located along the East Coast and as far west as Texas. The app allows you to view transaction history, personalize your accounts, pay bills, deposit checks, and more.

It even has a budget feature that tracks your spending against your goals. However, for security reasons, do not include your account number, Social Security number, or any other personally identifiable information. You can open an account online, over the phone, or at a branch, of which there are more than 2, available in Washington, D. It has most of the account types that a customer would want, but its interest rates are not competitive with other banks.

That being said, the bank does offer multiple checking account options to meet your needs and budget. It would do well as a primary bank for day-to-day needs. Customers looking for high-yield savings accounts , money market accounts, and CDs should look elsewhere. Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of banks. We collected over 20 data points across more than 80 banks—including products available, interest rates, fees, and accessibility—to ensure that our content helps users make the right decision for their savings and banking needs.

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We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Open Account. Cons Uncompetitive interest rates on deposit accounts Limited geographic footprint.

Company Overview. Year Founded Official Website www. EST ; Saturday, 8 a. Pros Explained. Cons Explained.



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