Truist business checking is a popular option for entrepreneurs seeking reliable banking with in-branch service and digital convenience. If you need access to both cash handling and mobile banking, Truist offers a well-balanced solution. Still, choosing the right account needs comprehensive understanding its features, fees, and limitations.
In this comprehensive review, we’ll walk through everything you need to know about Truist business checking. You’ll learn what each account type offers, how much it costs, and what documents you need to apply. Let’s dive into the details and see if Truist aligns with your business goals.
Overview of Truist Financial Corporation
Truist Financial Corporation emerged in 2019 through the merger of two legacy institutions: BB&T and SunTrust. Headquartered in Charlotte, North Carolina, Truist quickly became one of the largest financial institutions in the United States. As of 2024, the bank manages approximately $531 billion in assets and operates more than 1,900 branches across 15 states and Washington, D.C. This extensive network allows Truist to maintain a strong physical presence while expanding its reach through digital innovation.
Rooted in its purpose to “inspire and build better lives and communities,” Truist aims to serve with both heart and technology. The bank emphasizes a culture of care which values customer relationships, financial well-being, and community reinvestment. By leveraging its combined strengths, Truist continues to invest in tools and services that meet modern consumer expectations while preserving the human touch that smaller banks are known for.
Truist offers a broad range of financial products, including: personal banking, wealth management, commercial, corporate & institutional and business services. For business clients, its banking division provides tailored solutions. Especially, a standout feature is business checking account lineup. From startups with minimal transactions to nonprofits and high-volume operations, Truist business checking provides diversity of significant advantages, making it a competitive choice for small to mid-sized enterprises.
What Is Truist Business Checking?
A business checking account is a type of bank account used to deposit, store, and manage funds for business-related expenses. It allows companies to handle incoming payments and make outgoing transactions efficiently. Most businesses use checking accounts to pay bills, issue payroll, make vendor payments, and track operational spending but all are in the short term.
Business checking accounts are designed for frequent access. Most banks, including Truist, provide tools like debit cards, mobile banking apps, online transfers, and even integration with accounting platforms. While paper checks are optional today, they’re still supported when necessary.
Truist business checking works in much the same way but with business owners in mind. It simplifies the way companies send and receive money. With Truist, you can manage everything from a mobile app, online dashboard, or physical branch, depending on what suits your operations best.
Truist currently offers three main types of business checking accounts, each designed for a different profile. As a result, freelancers, LLCs, startups, and nonprofit organizations will all find an account that aligns with their volume, budget, and operational needs.
General Features of Truist Business Checking
Truist business checking offers a well-rounded solution for entrepreneurs, small business owners, and nonprofit leaders to manage financial transactions. While each business has unique needs, Truist provides a versatile checking experience. As a result, managing your cash flow becomes less of a burden and more of a routine.
At its core, Truist business checking enables you to perform everyday banking tasks with ease. You can deposit checks, withdraw funds, transfer money electronically, and pay bills through an intuitive digital platform. Additionally, you gain access to in-person support at Truist’s extensive network of branches and ATMs. This is especially helpful for those handling both business and personal banking in one place.
Moreover, the account includes standard business tools like: debit cards, online banking, and check-writing functionality. You can assign access to trusted team members, monitor real-time balances, and set up alerts for key account activities. These features allow for better financial oversight and reduce the risk of missed payments or overdrafts.
To support growing businesses, Truist business checking also integrates advanced services such as ACH transfers, wire transactions, and remote deposit capture. These tools manages recurring payments, vendor payouts, or customer billing from a centralized dashboard more easily. For added security, Truist includes fraud detection features that help flag unusual activity and protect your funds.
Importantly, Truist business checking is not a one-size-fits-all product. Instead, it adapts to various business stages and transaction volumes so you can pay only for what you need. As your company evolves, you can take advantage of additional services like payroll processing, merchant services, or treasury support. All of them keep your primary checking account at the center of your financial operations.
Truist Business Checking Options
There are 3 Truist business checking account types matching different needs, from startups and freelancers to nonprofits and growing enterprises:
Truist Simple Business Checking
Truist Simple Business Checking is an entry-level account. Especially, it’s suitable for businesses with lower transaction volumes and modest cash deposit needs. Most importantly, it eliminates the complexity and the costs associated with traditional business checking accounts.
Unlike many business accounts, Truist Simple Business Checking comes with no monthly maintenance fee. This makes it particularly attractive for startups and side hustles that want to minimize overhead without compromising on essential banking services.
You can perform everyday transactions confidently, knowing you won’t be charged until you exceed preset limits. Key benefits include:
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50 free combined transactions per month, including checks paid, withdrawals, and electronic payments
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$2,000 in free monthly cash deposits, after which a small per-dollar fee applies
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No minimum balance requirement, which adds flexibility during early-stage operations
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A $25 discount on your first check order, helping reduce initial setup costs
To ensure smooth account access, Truist includes a business debit card with every Simple Checking account. You can also issue additional cards for team members if needed, offering spending control and convenience. If you eventually expand into vehicle-based services or delivery operations, Truist’s business tools can also pair well with auto-related financing options such as auto loans for business use.
Managing the account is straightforward thanks to Truist’s digital platform. Additionally, Truist enhances account safety with built-in Fraud Inspector™ tools. These features help detect and flag suspicious activity early, giving you peace of mind even when handling finances on the go.
Truist Dynamic Business Checking
Truist Dynamic Business Checking is designed specifically for companies that manage more complex financial activity. Therefore, it’s an ideal solution for expanding operations.
One of the key advantages of Dynamic Business Checking is its generous monthly limits. You receive 500 free combined transactions per month, including: checks paid, debit purchases, ACH transfers, and electronic payments. Additionally, the account allows for $25,000 in cash deposits per month at no charge. Once you exceed these thresholds, nominal per-item and per-dollar fees apply, but the high baseline makes it easy for many businesses to avoid extra costs.
Despite having a $20 monthly maintenance fee, this Truist business checking account offers a practical way to waive it. By maintaining an average combined balance of $5,000 or more across eligible Truist business accounts, you can avoid the fee entirely.
Where Dynamic Business Checking truly stands out is in its tiered rewards system. Truist offers three distinct tiers based on your total account balances.
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Core Tier: Offers basic perks such as a 10% boost on Truist business credit card rewards and a reduced annual fee for the Delta SkyMiles® Business Debit Card.
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Plus Tier: Provides a 25% reward bonus, loan rate discounts, merchant service credits, and additional fee waivers.
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Preferred Tier: Delivers top-tier perks including a 50% reward bonus, unlimited ATM fee waivers, higher merchant credits, and the lowest annual card fees.
Beyond rewards, Truist equips this account with robust digital banking tools. You’ll enjoy full access to online and mobile banking, along with customizable account alerts, Fraud Inspector™ monitoring, and secure transaction support. Furthermore, the account includes up to 4 incoming domestic wire transfers per month at no charge, reducing costs for businesses that operate across regions or with multiple partners.
Truist Community Checking
Truist Community Checking is a smart choice for nonprofits, civic groups, and community-focused organizations. These organizations require accessible banking without unnecessary fees or complexity. Its main purpose is to support mission-driven entities that handle regular transactions and cash deposits, but need to minimize administrative costs.
One of the biggest advantages of Community Checking is its generous transaction and deposit allowances. Each month, the account offers 225 free combined transactions, including: checks paid, electronic payments, and debit card activity.
Even better, it allows for unlimited cash deposits at no extra cost. With these elevated limits, most organizations can operate freely without worrying about excess fees. Furthermore, it requires no monthly maintenance fee, regardless of balance.
Unlike traditional Truist business checking accounts that penalize low balances, Truist Community Checking ensures your funds go toward your cause without no banking overhead. In addition to fee relief, Truist equips this account with modern digital tools that simplify account management.
Just like other Truist business checking accounts, Community Checking includes a discount on your first check order, along with access to live customer support and in-branch services. And for organizations that manage fundraising events or operate thrift stores, the ability to pair checking tools with investing small reserves can enhance long-term financial sustainability. It offers the right balance of control and convenience, enabling nonprofit leaders to focus more on their mission and less on their banking logistics.
Compare 3 Main Types of Truist Business Checking Account
Each Truist business checking account is tailored to different needs, from new startups to growing businesses and nonprofit organizations. Use the comparison below to find the right fit for your business:
| Category | Truist Simple Business Checking | Truist Dynamic Business Checking | Truist Community Checking |
|---|---|---|---|
| Best for | Perfect if you’re just starting out | Ideal for businesses with moderate checking activity and/or cash deposits | Designed for nonprofits and small community or civic organizations |
| Monthly fee | $0 monthly maintenance fee | $20 monthly fee (waived with $5,000 average relationship balance) | $0 monthly maintenance fee |
| Minimum opening deposit | $100 | $100 | $100 |
| Free transactions | 50 total combined transactions
$0.50 for each additional |
500 total combined transactions
$0.50 for each additional |
225 total combined transactions
$0.35 for each additional |
| Cash deposit allowance | $2,000/month free $0.0031 per dollar above | $25,000/month free $0.0031 per dollar above | Unlimited cash deposits |
| Debit card options | Truist Business Debit Card (customizable with logo or artwork) | Truist Business Debit Card or Delta SkyMiles® Business Debit Card | Truist Business Debit Card for organization members |
| Check order discount | $25 discount on first check order | $50 discount on first check order | $25 discount on first check order |
| Incoming domestic wires | Not applicable | First 4 incoming wires free; $15 per additional incoming wire | Not applicable |
| Tiered benefits | Not applicable | – Core (< $25,000): 2 non-Truist ATM fees waived, $5 payroll discount, $30 SkyMiles® card discount, 0.25% loan rate discount, $5 merchant credit
– Plus ($25k–$49.9k): All Core + greater discounts – Preferred (≥ $50k): Unlimited ATM waivers, $60 SkyMiles® discount, 0.5% loan rate discount, $10 merchant credit |
Not applicable |
Requirements to Open a Truist Business Checking Account
Before opening a Truist business checking account, ensure you gather the necessary documentation and meet eligibility criteria. This will help streamline the application process and prepare your business properly.
Gather Necessary Documents
First of all, you need to prepare by collecting all essential information about yourself and your business. Organizing this data ahead of time will smooth the process and save you time at the application stage.
Start with these key details:
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Business information
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Legal business name, Tax ID (EIN or SSN for sole proprietors), and NAICS industry code
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Estimated annual revenue
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State of formation and date established
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Personal details
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Full name and Social Security Number
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Two years of residential address history
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Employment and income information
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Meet Compulsory Requirements
Additionally, eligibility requirements must be met. Applicants must be at least 18 years old, possess a valid U.S. Tax Identification Number (TIN or SSN), and reside or operate within a Truist service region. Meeting these criteria ensures your application can be processed without delays. Moreover, for businesses that may later explore property acquisition or refinancing, it’s helpful to understand how your business setup might affect mortgage rates or other credit-based evaluations.
To open a Truist business checking account, you’ll need to provide an initial minimum deposit of $100 at the time of account opening. This applies to all business checking options and can be funded by transfer, check, or cash, depending on your application method.
Apply for a Truist Business Checking Account
Applying for a Truist business checking account is a straightforward process according to your preferences: online, by phone, or in person at a Truist branch.
Whether you’re opening a Simple Business Checking or a Dynamic Business Checking account, you’ll need to use the appropriate promo code (SB25Q2CHECKING) during the application process to take advantage of any promotional offers.
If you apply online, the process is designed to be convenient and secure. Each authorized signer must provide an electronic signature on the required forms and be able to receive important documents via email. In cases where you’re applying with a business partner or other authorized party, each individual will need to fill out their own personal details, accept the terms and conditions, and sign electronically before the application can be submitted.
The online form allows you to:
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Fill out your business and personal details
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Invite other authorized signers (if applicable)
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Review and agree to disclosures
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Submit the application electronically
If you’re not ready to complete everything at once, Truist allows you to save your progress and return to the application later. Once submitted, you may be contacted for verification or to provide additional documentation.
On the other hand, choosing to apply at a branch or over the phone may offer more personalized support, especially if your application includes multiple signers or unique business circumstances.
Truist business checking offers a reliable, flexible banking solution for entrepreneurs, growing businesses, and nonprofit organizations alike. With multiple account options, modern digital tools, and strong in-branch support, Truist helps manage business finances at any stage. With the above helpful information, you can confidently choose the one that aligns with your operational needs and long-term goals.
