Truist

Truist is a US bank whose business offering covers everyday checking and institutional escrow. Services are provided by Truist Bank, and the stated market is the United States.

Business accounts

Truist offers Simple Business Checking, Dynamic Business Checking and Community Checking, the last one intended for small community and non-profit organisations. The packages differ in the number of included transactions and in the cash deposit limit. Business debit cards are available to owners and employees. The published fees are $0 for Simple, $0 for Community, and $25 for Dynamic, waived at an average relationship balance of $5,000. An opening deposit of 100 USD is listed.

Deposit protection

The bank's page discloses FDIC membership. Coverage depends on the depositor, the ownership category and eligibility, and it is not the same as e-money safeguarding.

Escrow

For institutional clients, Truist offers escrow for M&A, capital raise and subscription, and performance guarantees. The solution includes closing support, indemnity holdbacks and foreign currency capabilities for complex settlements. Terms for escrow are set per transaction, so fees and documentation should be requested from the bank.