Some business owners want to keep things simple. Others are focused on growth, and many just need a dependable place to manage day-to-day finances.
If you want a reliable business bank with flexible options, Truist is worth a look. It’s a strong choice if you prefer traditional banking with a modern touch. It offers two small business checking accounts and one nonprofit checking account — flexible options to help meet your needs without the extra fees.
Here’s what each account offers and how it might fit your business.
- Simple Business Checking has no monthly maintenance fee with up to 50 free monthly transactions.
- Dynamic Business Checking has a waivable $20 monthly maintenance fee and 500 free monthly transactions.
- Community Business Checking has no monthly maintenance fee and offers 225 free monthly transactions and unlimited cash deposits with no additional charge.
- Truist business checking bonus offer†
- Truist alternatives and comparison
- Truist business checking reviews from users
- Truist business checking terms
- Truist business checking requirements
- Truist business checking features
- Other Truist business banking products
- How I evaluated the Truist business checking account product
- Frequently asked questions (FAQs)
- Bottom line
- †Terms and Conditions for the Small Business Checking Affiliate Q2 & Q3 2025 Offer: SB25Q2BIZAFL
Truist business checking bonus offer†
Earn $400 when you open a new Truist business checking account and meet the following requirements:
- Open a new account between April 1 and September 30, 2025
- Choose Simple Business Checking or Dynamic Business Checking
- Use promo code SB25Q2BIZAFL
- Deposit $2,000 or more within 30 days of opening
- Open online, by phone, or at any Truist branch
- Available to new Truist business checking clients only
My methodology
To build this list of the best banks for ecommerce businesses, I focused on financial institutions and fintech platforms that offer the tools online sellers need to manage revenue, expenses, and business growth efficiently. My goal was to identify providers that deliver the best combination of affordability, digital functionality, ecommerce compatibility, and scalability for businesses selling products online.
Each provider was evaluated using consistent criteria that reflect how ecommerce business owners compare banking options, including the following categories:
Fees and overall value: I compared monthly maintenance fees, minimum balance requirements, transaction limits, and other account costs to determine overall affordability and long-term value.
Ecommerce integrations and compatibility: I evaluated each provider’s ability to connect with popular ecommerce platforms, payment processors, accounting software, and business tools used by online sellers.
Core banking features: I reviewed essential capabilities such as business checking accounts, APYs, cash management tools, debit cards, wire transfers, and payment services that support day-to-day operations.
Ease of use: I considered account setup, online and mobile banking experience, automation features, and how intuitive each platform is for managing business finances.
Scalability and business support: I assessed features that help businesses grow, including multiple accounts or subaccounts, team access controls, expense management tools, and access to financing when available.
Customer support: I looked at service channels, responsiveness, and the level of support available to business owners across different account tiers.
When available, I explored provider websites, product demos, and account features to better understand the user experience and how effectively each option supports the unique needs of ecommerce businesses.
Why you can trust Fit Small Business
Terms & features
| Special offer | Earn $400 when you open a new Truist business checking account and meet the requirements.† |
|---|---|
| Opening deposit requirement | $100 for the three accounts |
| Monthly maintenance Fee |
|
| APY | N/A |
| ATM fees |
|
| Other standout features |
|
Use cases
- You generate a low monthly transaction and cash deposit volume: With Simple Business Checking, you get up to 50 free transactions and up to $2,000 in cash deposits each month for no monthly fee.
- You run a nonprofit organization: The Community Business Checking account was designed specifically for nonprofits, small communities, and civic organizations to make banking affordable. It provides unlimited free cash and offers a generous 225 free transactions each month, which is why it earned a spot on our list of the best banks for nonprofits.
- You want to open a checking account with a promo: Truist has a business checking account offer that allows you to earn $400 by making qualifying deposits† of $2,000 or more within 30 days of account opening. This promo applies to the Truist Simple Business Checking and Dynamic Business Checking accounts.
Truist alternatives and comparison
| Monthly maintenance fee | Monthly transaction limit before fees | Cash deposit fee | Geographic availability | |
|---|---|---|---|---|
 Simple Business Checking | None | 50, then 50 cents per item | $2,000 in cash deposits per month at no charge; $0.0031 fee (per dollar) for $2,001+ | Washington, D.C., and 17 states |
| Visit Truist Bank | ||||
 Business Checking | $12; waivable | 150, then 50 cents per item | $5,000 free, then 30 cents per $100 per statement cycle | Washington D.C., and 28 states |
| Visit PNC Bank | ||||
 Business Essentials Checking | None | Unlimited digital transactions and 25 free teller transactions | 25 free cash deposits, then 50 cents each | All states |
| Visit U.S. Bank | ||||
 Chase Business Complete Banking® | $15; waivable | 20, then 40 cents per item | $5,000 at no charge, then $2.50 per $1,000 | All states except Alaska and Hawaii |
| Visit Chase | ||||
| Best for | Learn more | |
|---|---|---|
 | Higher transaction limit: Truist Simple Business checking offers 50 transactions at no charge. If you are looking for a higher limit, you may find PNC a better option, allowing 150 fee-free transactions. | Read our PNC Bank business checking review |
| Larger welcome bonus: Truist's small business checking accounts are currently offering a bonus of $400. Currently, U.S.'s Bank business checking is offering a larger bonus of $500 or $900, depending on the qualifications you meet. | Read our U.S.Bank business checking review |
| Nationwide access to in-person banking: With Truist's branches being limited to 17 states and Washington, D.C., consider Chase for its nationwide branch presence. | Read our Chase business checking review |
Truist business checking reviews from users
There are no Truist business checking reviews on user review platforms. However, the bank has an overall rating of 1.1 on ConsumerAffairs (based on around 1,200 reviews) and 1.2 on Trustpilot (based on over 1,700 reviews). Some customers shared a positive customer service experience with Truist and mentioned that the staff was prompt, friendly, and professional.
Many negative reviews came from former SunTrust Banks and BB&T customers who were dissatisfied with how the institutions handled their merger. Other recurring negative comments focused on the bank’s long check-holding periods, multiple overdraft charges, and the lack of customer support options other than calling the hotline. Many also complained about the long wait when calling the bank.
Truist business checking terms
| Simple Business Checking | Dynamic Business Checking | Community Business Checking (for Nonprofits) | |
|---|---|---|---|
| Required opening deposit | $100 | $100 | $100 |
| Monthly transactions at no charge | 50 total combined transactions | 500 total combined transactions | 225 total combined transactions |
| Monthly maintenance fee | None | $20; waived with a $5,000 average relationship balance | None |
| Domestic wire transfer fees | Incoming: $15 to $65Outgoing: $15 to $65 | Incoming: $15 to $65 after the first fourOutgoing: $15 to $65 | Incoming: $15 to $65 Outgoing: $15 to $65 |
| International wire transfer fees | Incoming: $20 to $75Outgoing: $35 to $75 | Incoming: $20 to $75Outgoing: $35 to $75 | Incoming: $20 to $75Outgoing: $35 to $75 |
| ATM fees | None at Truist ATMs, $3 at domestic non-Truist ATMs & $5 for international | ||
| Cash deposit fees | Up to $2,000 per month at no charge; $0.0031 fee for $2,001.00 and greater | Up to $25,000 per month at no charge, $0.0031 fee for $25,001 and greater | Unlimited per month at no charge |
| APY | N/A | ||
Truist business checking requirements
You can visit the Truist website to open a business checking account. You’re required to provide your personal and business information, including your business partners’ information, if applicable. You’ll also need to e-sign documents related to opening a business account.
Personal information refers to the following:
- Full name
- Social Security number
- Date of birth
- Country of citizenship
- Company title
- Phone number
- Current address.
Business information refers to the following:
- Business name
- Tax identification number (TIN)
- Incorporation type
- North American Industry Classification System
(NAICS) sector - NAICS subsector
- NAICS national industry
- Business classification
- Estimated annual revenue
- State where the business was established
- Date established
- Business address
Select your business type to see additional checking requirements.Select your business type to see additional checking requirements.Sole proprietorshipOthers
You need to provide your personal, business, and authorized signers’ information, if applicable. You’ll also sign a signature card and a business deposit resolution.
For authorized signers, provide your full name, company title, email, Social Security number, date of birth, and address.
This includes a C-corp, S-corp, general partnership, LLP, LLC, single-member LLC, nonprofit organization, and unincorporated association.
You need to provide your personal, business, beneficial owners’ information, controlling person’s information, and authorized signers’ information, if applicable. You’ll also sign a signature card, a business deposit resolution, and a beneficial ownership document:
- For beneficial owners, full name, email, percentage of ownership, Social Security number, date of birth, and home address are needed.
- For a controlling person, full name, company title, email, Social Security number, date of birth, and home address are needed.
- For authorized signers, full name, company title, email, Social Security number, date of birth, and address are needed.
Truist business checking features
| Simple Business Checking | Dynamic Business Checking | Community Business Checking (for Nonprofits) | |
|---|---|---|---|
| Debit card | Free Truist Business Debit Card - fees may apply for specialty debit cards | ||
| Physical checks | Fees vary based on account type and style, $25 discount on first order | Fees vary based on account type and style, $50 discount on first order | Fees vary based on account type and style, $25 discount on first order |
| Accounting software integrations | Quicken ($9.95 monthly) and QuickBooks ($14.95 monthly) can be used with Direct Connect | ||
| Business payment solutions | Truist Merchant Services, Zelle® | ||
| Customer service | (844) 487-8478Mondays to Fridays, 8 a.m. to 8 p.m. Eastern timeSaturdays, 8 a.m. to 5 p.m. ET | ||
| Other products | Savings, money market, business checking, CDs, credit cards, lending, and merchant services. | ||
Business debit card
The Simple Business Checking and the Community Business Checking accounts come with their own business debit card, which you can customize with your logo, custom art, or preset designs from Truist’s gallery. Meanwhile, the Dynamic Business Checking account allows you to choose between a personalized debit card or a Delta SkyMiles® card if you’re interested in earning miles.
You can even request additional personalized debit cards for your employees for free. Spending limits for employee cards are customizable.
Dynamic Business Checking account rewards
With Dynamic Business Checking, you get rewards for maintaining high combined deposit balances across your business accounts, which include checking accounts, savings accounts, money market accounts, and business CDs. As your balances shift, you’ll move to the appropriate checking reward level automatically.
| Checking reward levels | Core | Plus | Preferred |
|---|---|---|---|
| Combined deposits amounts | Less than $25,000 | $25,000 to less than $50,000 | $50,000 and above |
| Discount on online payroll monthly fee (Standard Fee: $55) | N/A | $5 | $10 |
| Merchant services monthly discount | N/A | $5 monthly statement credit | $10 monthly statement credit |
| Business lending rate discount | N/A | 0.25% | 0.50% |
| Number of fees waived on non-Truist domestic ATMs | N/A | 2 | Unlimited |
| Delta SkyMiles® Business Debit Card annual fee | $120 | $90 | $60 |
The other incentives for opening a Dynamic Business Checking account are as follows:
- Loyalty bonus on Truist business credit card rewards redemptions
- No monthly maintenance fee on a Personal Truist One Checking account with Premier access and benefits
- Access to financial wellness training for your employees
- Fraud Inspector™ to help you identify and curb potential fraud
- First four incoming domestic wires are free
Online and mobile banking
Truist lets you pay your bills, control account access with user permissions, and manage your money online. You can also pay your employees through direct deposits, use ACH services for auto bill payments, perform wire transfers, and access Zelle® for sending and receiving payments.
The app received great reviews, earning a rating of 4.8 on App Store (based on nearly 870,000 reviews) and 4.8 on Google Play (based on over 317,000 reviews). Many users commented that the app is easy to navigate, is intuitive, and works 99% of the time. However, a few said it failed to work on older smartphones and when traveling abroad, causing limited access to online features.
Other Truist business banking products
Truist provides a full range of financial products and services, which include specialty business checking accounts, business savings, money market, CDs, credit cards, small business lending, insurance, and merchant services.
Truist Simple Business Savings
With a minimum deposit of $100, you can build your reserve funds with Truist Simple Business Savings. It has a set limit of six free withdrawals or transfers.
You can waive the $5 monthly maintenance fee by
- maintaining at least a $250 daily balance;
- maintaining a $500 average monthly balance; or
- having one recurring preauthorized deposit or transfer of $100 per month.
Truist Business Money Market
For a minimum deposit of $100, you can place your money into higher-yield savings with a Truist Business Money Market account, which earned a spot in our roundup of the best money market rates. If you meet the $5,000 minimum daily balance, you can waive the $10 monthly maintenance fee. The variable interest rate is compounded daily and credited on the last day of the statement cycle.
Business CDs
You can grow your savings by opening Truist business CDs. The terms range from seven days to five years, and the returns are guaranteed with fixed interest rates.
Business credit cards
Truist’s small business credit cards offer cash or travel rewards, no annual fee, and low interest rates. You can choose among these cards depending on your needs:
- Truist Business Credit Card is best if you have low monthly expenses with its 0% introductory rate and no annual fee.
- Truist Business Travel Rewards Credit Card is ideal if you’re a frequent business traveler since you earn extra miles when you spend on airfare, hotel, car rentals, and other eligible purchases.
- Truist Business Cash Rewards Credit Card suits you if you often entertain clients, as it provides cash back for daily business purchases.
Small business lending
- Small business loans: You can apply for a $50,000 loan amount up to a 60-month term if you plan a one-time purchase, fund a project, consolidate debt, or expand your business.
- Small business auto loans: For car purchases or refinances, you can get up to $250,000 loan amount and 75-month terms with 100% financing available.
- Small business commercial vehicle and equipment loans: Truist provides up to $250,000 loan amount and up to 84 months in loan terms for vehicle purchases, upgrades, or replacements. Your purchased equipment serves as collateral for the loan.
- Small business real estate loans: For business expansion, you can buy or refinance real estate with a loan amount of $250,000 at variable terms and up to an 85% loan-to-value ratio financing. The purchased or refinanced property is regarded as collateral.
- Small business lines of credit: You can manage seasonal cash flow or expand inventory through a line of credit amounting to $100,000 at 12- to 36-month terms. You can secure a more extensive line of credit with collateral.
Insurance
Truist Insurance Holdings, Inc., McGriff, and Truist Life Insurance Services provide:
- General liability insurance
- Property insurance
- Workers’ compensation
- Auto insurance
- Cyber liability
- Professional liability
- Bonding and surety
Merchant services
Small business owners can access Truist merchant services, specifically designed for different industries. Whether you need a mobile point of sale (mPOS), traditional or virtual terminals, or online payment gateways, various product options at competitive prices are available.
Employee benefits partner
You can get Truist as your employee benefits partner to attract and retain top workers. The bank allows you to offer your staff a cost-effective compensation program, from financial and retirement planning to insurance services. Moreover, Truist Momentum, a financial wellness program, gives employees access to an online learning center. They can also use MoneyDesktop for personal financial management.
How I evaluated the Truist business checking account product
To evaluate the Truist business checking account, I reviewed the bank’s official account disclosures, fee schedules, and promotional offers to understand costs, transaction limits, and key features. I compared Truist’s products with similar business checking accounts from major competitors, focusing on factors like monthly fees, cash deposit limits, transaction allowances, and access to customer support.
I also considered feedback from small business owners and third-party reviews to gauge customer satisfaction and ease of use. My goal was to provide a balanced look at how Truist’s business checking options stack up for businesses of different sizes and needs.
Frequently asked questions (FAQs)
Does Truist offer free business checking?
Yes, Truist offers a Simple Business Checking account with no monthly maintenance fee, as long as you stay within the included transaction and cash deposit limits. It’s a good option if your small business has low activity levels.
What do I need to open a Truist business checking account?
To open a Truist business checking account, you’ll typically need your business formation documents, Employer Identification Number (EIN) or Social Security Number (for sole proprietors), and a valid government-issued ID. Requirements may vary depending on your business structure, so it’s best to check with Truist directly or visit a branch.
Does Truist have a business checking bonus?
Yes, Truist is currently offering a $400 bonus when you open a new Simple Business Checking or Dynamic Business Checking account and meet qualifying deposit requirements. This offer is available to new business checking clients through September 30, 2025, with promo code SB25Q2BIZAFL.
Bottom line
Truist offers a solid set of business checking options that work well if your small business or nonprofit values in-person service, low fees, and straightforward account features. With options like Simple Business Checking for cost-conscious owners and Dynamic Business Checking for growing businesses with higher transaction needs, Truist strikes a balance between flexibility and dependability.
†Terms and Conditions for the Small Business Checking Affiliate Q2 & Q3 2025 Offer: SB25Q2BIZAFL
Offer Information: Open a new Truist Simple Business Checking or Dynamic Business Checking account online, via phone, or in a branch from 4/1/2025 through 9/30/2025 and earn $400 by making Qualifying Deposits* of $2,000 or more into your new account within 30 days of account opening.
Enrollment in the promotion is required at the time of account opening using promo code SB25Q2BIZAFL to be eligible for a promotion reward. Refer to the Account Opening & Promotion Enrollment sections below for instructions.
*Qualifying Deposits for new business checking accounts exclude debit card credit transactions and NSF fee refunds. Deposits can be made on a one-time basis or cumulatively over the 30 days.
Offer Eligibility: You must be a new Truist business checking client. To be considered a new business checking client, the business cannot have an existing Truist business checking account or have closed a Truist business checking account within 180 days of the promotion start date (i.e., on or after 10/3/2024), with the same Taxpayer Identification Number (TIN), including but not limited to an Employer Identification Number (EIN). The business account holder must be 18 years or older at time of account opening. The account holder cannot be a non-resident alien. The business account holder must have a valid U.S. TIN. The business’s physical address must be located in one of the following states: AL, AR, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC.
Reward Processing: The reward will be deposited to the new business checking account within 4 weeks after the qualification requirements have been met and verified. In order to receive the reward, the new business checking account must be open, not restricted, and in good standing with a balance of at least $0.01 at the time of Truist verification and at the time of payout. An account is considered restricted if it has a temporary or permanent block that prevents credits from posting to the account. Truist verification will occur one time after the qualification requirements are initially met. Promotion is only applicable once per client and for one new qualifying business account. Truist may report the value of any offer reward received to the IRS as required by law. Any applicable taxes are the responsibility of the recipient.
Reward Forfeiture: Reward forfeiture will occur if: (1) the new business checking account is changed to an account type not included in this offer prior to payout, (2) the new business checking account has a $0.00 or negative available balance or is restricted at the time Truist verifies the qualification requirements have been met or, (3) the new business checking account is closed or restricted at the time of payout.
Other Terms: Minimum opening deposit is $100. A monthly maintenance fee is applicable for Truist Dynamic Business accounts whose combined average relationship ledger balance is less than $5,000; the monthly maintenance fee is waived for accounts with a combined average relationship ledger balance of $5,000 or more. See Truist’s Business Deposit Accounts Fee Schedule for additional information.
The offer is non-transferable and may not be combined with any other offers. This offer is subject to change and may be discontinued at any time. Truist reserves the right, in its sole discretion, to disqualify any account if Truist suspects accounts are being opened for the purpose of exploiting this promotional offer. All promotional payouts will be processed no later than 3/31/2026, at which point this promotion and any related disbursements will be considered final, and no further disbursements will be made.
Online Account Opening & Promotion Enrollment Instructions: During the online application process, ensure the promo code SB25Q2BIZAFL is entered into the Promo Code field and accept the offer when presented. Accounts opened online without the Promo Code will not be eligible to participate in the offer.
Branch Account Opening & Promotion Enrollment Instructions: Visit your local Truist branch or call a Small Business representative and ask to open an eligible account and enroll you in the Truist Small Business Checking Affiliate Q2 & Q3 2025 Offer using promo code SB25Q2BIZAFL. Once enrolled in the promotion, clients may receive promotional updates via the email address provided or by calling 800-709-8700.
