SunTrust Bank Hours: Know What Time Does Suntrust Bank Close & Open (2024)

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SunTrust Bank Hours: Know What Time Does Suntrust Bank Close & Open? ›

On December 6, 2019, the merger between BB&T and SunTrust closed, forming Truist Financial Corporation.

On December 6, 2019, the merger between BB&T and SunTrust closed, forming Truist Financial Corporation.

Branch: Visit a branch near you during business hours to open your new account. Phone: Call us at 844-4TRUIST (844-487-8487). We're available Monday through Friday, 8 am to 8 pm, and Saturday, 8 am to 5 pm.

Four years after a merger of two mighty banks, Truist is still working to gain its edge. BB&T got very big when it decided to merge with SunTrust to create the nation's sixth-largest bank in February 2019. The verdict is out on whether the combined Truist Financial got better.

Truist is best for customers looking to open a checking account where Truist branches are primarily found. But if you're looking for a high-yield savings account, it's best to look elsewhere, as these Truist accounts will do little to help grow your savings.

Due to delays related to the COVID-19 pandemic, Truist announced in April 2021 that core conversion to combine the branches will be performed in early 2022. However, on the day the merger closed, SunTrust Bank merged into Branch Banking & Trust Company, forming Truist Bank as the merged company's legal banking entity.

$0 monthly maintenance fee if you: Have any related ¹ Truist personal checking account OR. Maintain a minimum daily ledger balance of $300 ^2, or more OR. Schedule a preauthorized internal transfer of $25 or more per statement cycle OR.

The $100 Negative Balance Buffer is only available with Truist One Checking and allows eligible clients to overdraw their account up to $100. All eligibility requirements below must be met to initially qualify for the $100 Negative Balance Buffer: Account must be opened for a minimum of 35 calendar days.

Truist Bank was rated as "stable" by S&P, Moody's, Fitch, and DBRS Morningstar, meaning it's likely safe from collapse.

This action, brought by the federal Consumer Financial Protection Bureau (CFPB), Department of Justice, Department of Housing and Urban Development, and state attorneys general, will require SunTrust to pay foreclosed-upon consumers $40 million and provide $500 million worth of first- and second-lien mortgage loan ...

Who is the owner of SunTrust? ›

Suntrust Properties, Inc. (SPI) is a 100% wholly-owned subsidiary of Megaworld Corporation, a company under the umbrella of the Alliance Global Group, Inc. In 1997, many of the fast-growing economies faced economic collapse as a result of the crises that spread all over Asia and other rising markets in the world.

One of the primary disadvantages to banking with Truist Bank is that there are low savings account interest rates. The average savings account interest rate is significantly higher than either of Truist's savings accounts. Truist CD rates vary by location. The bank also only lists promotional CD rates online.

According to the Truist Bank website, deposits of up to $250,000 are FDIC insured for bank customers.

Earn special rates on select new CD accounts: 4.50% annual percentage yield (APY) on a 5-month CD. Or 4.00% APY on a 12-month CD.

Truist Financial

Truist is the product of the merger between BB&T and SunTrust, the largest bank deal in more than a decade. In late 2019, BB&T and SunTrust completed the largest bank deal in a decade to become Truist Financial Corp (TFC 2.88%), the sixth-largest bank by assets in the U.S.

Acquisition of Florida Community Bank

In January 2019, Synovus completed a $2.9 billion acquisition of FCB Financial Holdings, Inc., owner of Florida Community Bank. Branding to Synovus was expected during the second quarter of 2019.

The bank said in its email that, after the accounts switch, BB&T users will retain several features, including online bill pay; routing numbers and deposit account numbers; direct deposits; card numbers; and wire transfer instructions. Truist also noted that it will continue to accept BB&T-labeled checks.

The acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure. The Wachovia brand was absorbed into the Wells Fargo brand in a process that lasted three years. On October 15, 2011, the final Wachovia branches were converted to Wells Fargo.