<p><img src="https://static2.businessinsider.com/image/5f171f55988ee3599c620178-2400/bbt review 4x3.png" border="0" alt="BB&T Review 4x3" data-mce-source="BB&T; Alyssa Powell/Business Insider"></p><p></p><bi-shortcode id="disclaimer" class="mceNonEditable" data-type="pfi"> </bi-shortcode><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul class="summary-list"><li>BB&T Bank (Truist Bank, Member FDIC) could be a good option for people who value in-person banking and live near a branch in the East or Midwest.</li><li>The bank's low rates are comparable with what other brick-and-mortar banks pay, but you can find higher APYs at credit unions and online banks.</li><li>You might like the <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f1756b24dca6857d15ebe87">BB&T eSavings Account</bi-inline-shortcode> if you're looking for a low-fee savings account.</li><li>Although BB&T pays low rates on CDs, it does offer a wider variety of CD types than most banks, so you have plenty of options.</li><li><strong><a href="https://www.businessinsider.com/personal-finance/who-has-the-best-cd-rates-right-now" target="_blank" rel="noopener" data-analytics-module="body_link" data-analytics-post-depth="80">See Business Insider's picks for the best CD rates </a></strong></li></ul><bi-shortcode id="table-of-contents-sticky" class="mceNonEditable" data-type="h2">Table of Contents: Masthead Sticky</bi-shortcode><bi-shortcode id="related-product-module" class="mceNonEditable" data-type="related-products" data-sheetname="Related Product">Related Product Module: Related Product</bi-shortcode><h2>Should you bank with BB&T'</h2><table style="width: 100%; border-collapse: collapse; height: 332px;" border="1" cellpadding="10px"><tbody><tr style="height: 21px;"><td style="width: 50%; height: 21px;"><strong>You might like banking with BB&T if you:</strong></td><td style="width: 50%; height: 21px;"><strong>You might not like banking with BB&T if you:</strong></td></tr><tr style="height: 311px;"><td style="width: 50%; height: 311px;"><ul><li>Live near a branch</li><li>Value a strong mobile app</li><li>Are comfortable using an online-only savings account</li><li>Are looking for a low-fee savings account</li><li>Want to open a CD with a term under three months</li><li>Are interested in CDs other than the traditional, fixed-rate CD</li></ul></td><td style="width: 50%; height: 311px;"><ul><li>Don't live near a branch</li><li>Value earning a high APY on your account balances</li><li>Want to open a savings account, but aren't comfortable banking digitally</li><li>Want a money market account that comes with a debit card</li><li>Want to open a money market account but not a checking account </li><li>Are looking for a low-fee money market account or checking account</li></ul></td></tr></tbody></table><aside class="quick-tip headline-regular"><p><strong>The bottom line:</strong> BB&T is a worthwhile option if you want to bank in person and live near a branch, but if you want to earn high interest rates, you'll want to go with an online bank. </p></aside><h2><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f1756b24dca6857d15ebe87">BB&T eSavings Account</bi-inline-shortcode> review</h2><bi-shortcode id="commerce-link" class="mceNonEditable" data-cardtype="credit-card" data-pid="5f1756b24dca6857d15ebe87" data-type="undefined">BB&T eSavings Account</bi-shortcode><p>The bank website claims the <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f1756b24dca6857d15ebe87">BB&T eSavings Account</bi-inline-shortcode> is its most popular savings account. The <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f1756b24dca6857d15ebe87">BB&T eSavings Account</bi-inline-shortcode> is an online-only option, and like many digital accounts, it comes with no monthly fees and no minimum opening deposit. </p><p>Federal law limits you to six monthly withdrawals from a savings account, regardless of which institution you bank with. The <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f1756b24dca6857d15ebe87">BB&T eSavings Account</bi-inline-shortcode> only charges $3 for each excess withdrawal, which is less than what many banks charge.</p><bi-shortcode id="related-article-module" class="mceNonEditable" data-type="5da935af4af9095f0241a272" data-title="The best online high-yield savings accounts of October 2020" data-url="https://www.businessinsider.com/personal-finance/best-high-yield-savings-accounts-rates-right-now" data-thumbnail="https://i.insider.com/5de159ccfd9db25f300616b6" data-shortcode-display-text="Related Article Module: The best online high-yield savings accounts of October 2020"> </bi-shortcode><p>Although the <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f1756b24dca6857d15ebe87">BB&T eSavings Account</bi-inline-shortcode> comes with low fees and no minimum deposit, there is one major disappointment: the low APY. Most online savings accounts pay higher rates, around 1%, but BB&T only pays <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="annual_percentage_yield_apy_display" data-customtext="" data-shouldlink="false" data-pid="5f1756b24dca6857d15ebe87">0.01% APY</bi-inline-shortcode>. This rate is more comparable to what a brick-and-mortar bank would pay for an account you have to open in person than what online banks pay.</p><p><a href="https://www.bbt.com/banking/savings.html" target="_blank" rel="noopener">BB&T also offers specialized savings accounts</a>, including the Investor's Deposit Account, Health Savings Account (HSA), and Young Savers Account.</p><h2><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f1759555af6cc3ac902e9a3">BB&T Bright Banking Account</bi-inline-shortcode> review</h2><bi-shortcode id="commerce-link" class="mceNonEditable" data-cardtype="credit-card" data-pid="5f1759555af6cc3ac902e9a3" data-type="undefined">BB&T Bright Banking Account</bi-shortcode><p>The bank website says the <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f1759555af6cc3ac902e9a3">BB&T Bright Banking Account</bi-inline-shortcode> is its most popular checking account. Unfortunately, this option comes with a lot of fees.</p><bi-shortcode id="related-article-module" class="mceNonEditable" data-type="5ed7fc153ad861242a46bc2f" data-title="Here are the best checking accounts available right now" data-url="https://www.businessinsider.com/personal-finance/best-checking-accounts" data-thumbnail="https://i.insider.com/5ed92909aee6a86e94137448" data-shortcode-display-text="Related Article Module: Here are the best checking accounts available right now"> </bi-shortcode><p>You'll pay a $12 monthly fee unless you're eligible to have it waived. You'll pay a $3 fee if you use an out-of-network ATM and a $36 overdraft fee. You can link your checking account to another BB&T account so the bank transfers funds each time you risk overdrawing, but you'll pay $12.50 each time BB&T has to transfer money.</p><p><a href="https://www.bbt.com/banking/checking.html" target="_blank" rel="noopener">BB&T offers other checking accounts</a>, including BB&T Fundamentals, Student Checking, Senior Checking, and Elite Gold.</p><p>If you don't qualify to waive the <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f1759555af6cc3ac902e9a3">BB&T Bright Banking Account</bi-inline-shortcode> monthly fees, and you aren't eligible for a Senior, Student, or Elite Gold Account, then you may prefer a BB&T Fundamentals Account. The monthly fee is just $5, but there's no way to waive the charge.</p><h2><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f1847f8988ee3320b0a42bb">BB&T Personal CD</bi-inline-shortcode> review</h2><bi-shortcode id="commerce-link" class="mceNonEditable" data-cardtype="credit-card" data-pid="5f1847f8988ee3320b0a42bb" data-type="undefined">BB&T Personal Certificate of Deposit</bi-shortcode><p>BB&T offers a variety of CD types. Its traditional, fixed-rate <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f1847f8988ee3320b0a42bb">BB&T Personal CD</bi-inline-shortcode> comes with terms as short as seven days. Most banks' shortest terms are three months, making BB&T a good option if you want to lock in a fixed rate but need access to your money relatively soon.</p><p>For a term of 31 days or less, you'll need at least $2,500 to open an account. You'll need at least $1,000 for terms of 32 days or more.</p><bi-shortcode id="related-article-module" class="mceNonEditable" data-type="5dd312be3afd37342b479224" data-title="The best CD rates of October 2020" data-url="https://www.businessinsider.com/personal-finance/who-has-the-best-cd-rates-right-now" data-thumbnail="https://i.insider.com/5dde8f85fd9db257724a8fd4" data-shortcode-display-text="Related Article Module: The best CD rates of October 2020"> </bi-shortcode><p>If you're looking for non-traditional CDs, <a href="https://www.bbt.com/banking/cds.html" target="_blank" rel="noopener">BB&T has plenty of options</a>. Can't Lose CDs allow you to add more funds after opening the account and to make one penalty-free withdrawal in the first 12 months. Stepped-Rate CDs guarantee that your rate will increase once per year during the 4-year term. You can also choose a limited-time Personal CD special.</p><p>Regardless of which type of CD you open, BB&T pays low rates. They're comparable to other big brick-and-mortar banks, but you can definitely find higher rates at credit unions or online banks.</p><h2><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f184a585af6cc76ee7709a9">BB&T High Performance Money Market Account</bi-inline-shortcode> review</h2><bi-shortcode id="commerce-link" class="mceNonEditable" data-cardtype="credit-card" data-pid="5f184a585af6cc76ee7709a9" data-type="undefined">BB&T High Performance Money Market Account</bi-shortcode><p>BB&T offers a money market account, but you must also have a BB&T checking account to open one.</p><p>The <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f184a585af6cc76ee7709a9">BB&T High Performance Money Market Account</bi-inline-shortcode> comes with paper checks, making it easier to access your money than if you had a regular savings account. But unlike some money market accounts, this account doesn't come with a debit card. </p><bi-shortcode id="related-article-module" class="mceNonEditable" data-type="5e8b370bd5873a3c8d3cda2b" data-title="Here are the best money market accounts for October 2020" data-url="https://www.businessinsider.com/personal-finance/best-money-market-accounts" data-thumbnail="https://i.insider.com/5e94697529d6d957134d9c25" data-shortcode-display-text="Related Article Module: Here are the best money market accounts for October 2020"> </bi-shortcode><p>There's a $12 monthly fee unless you maintain a $1,000 minimum balance. As with a savings account, you're legally limited to six transactions per month. But while the eSavings Account only charges a $3 excess transaction fee, the <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="product_editorial_name" data-customtext="" data-shouldlink="true" data-pid="5f184a585af6cc76ee7709a9">BB&T High Performance Money Market Account</bi-inline-shortcode> charges a $15 fee. This is on par or higher than what many competitors charge.</p><h2>BB&T Bank features</h2><p>BB&T has merged with SunTrust to become Truist Bank. However, BB&T and SunTrust still offer separate products, including accounts and loans, and you'll still see a BB&T sign outside a branch location.</p><p>BB&T has over 1,700 branches in 15 states and Washington DC. Locations are mostly in the East and Midwest; here's the full list of states:</p><ul><li>Alabama</li><li>Florida</li><li>Georgia</li><li>Indiana</li><li>Kentucky</li><li>Maryland</li><li>New Jersey</li><li>North Carolina</li><li>Ohio</li><li>Pennsylvania</li><li>South Carolina</li><li>Tennessee</li><li>Texas</li><li>Virginia</li><li>West Virginia</li></ul><p>BB&T has around 2,500 ATMs nationwide. Because BB&T has merged with SunTrust to form Truist Bank, BB&T customers can also use SunTrust ATMs free of charge. If you use an out-of-network ATM, then you'll pay a $3 fee along with any fee charged by the ATM provider.</p><p>BB&T offers a wide range of bank accounts. The bank has savings and checking accounts for specific types of people, such as students or senior citizens, and three types of CDs to choose from.</p><p>The BB&T mobile app, U by BB&T, has received 4.8 out of 5 stars in both the Apple and Google Play store.</p><p>To contact customer service, call BB&T Monday through Friday, from 8:00 a.m. to 5:00 p.m. ET, or Saturday from 8:00 a.m. to noon ET. You can also chat online with a live representative Monday through Friday from 8:00 a.m. to 5:00 p.m. ET.</p><p><a href="https://www.businessinsider.com/personal-finance/what-is-fdic-insurance" target="_blank" rel="noopener" data-analytics-module="body_link" data-analytics-post-depth="80">BB&T accounts are FDIC insured</a> for up to $250,000, or $500,000 if you have a joint account. </p><h2>Is BB&T trustworthy'</h2><p>BB&T is accredited through Truist Bank. The Better Business Bureau has given Truist an A+ in trustworthiness. A great BBB rating signifies the company is transparent in how it handles business, has honest advertising, and responds effectively to customer complaints.</p><p>Not all large banks have good BBB ratings. For example, Wells Fargo has received an F, possibly for its fraudelent bank accounts and predatory lending toward racial minorities. Truist, on the other hand, doesn't have a scandalous history.</p><h2>How BB&T Bank compares</h2><p>Most BB&T branches are in the East (especially the Southeast) and Midwest, so we're comparing BB&T to two banks with branches in similar areas: SunTrust and Regions.</p><table style="width: 100%; border-collapse: collapse;" border="1" cellpadding="10px"><tbody><tr><td style="width: 33.3333%; text-align: center;"><strong><img src="https://static2.businessinsider.com/image/5f903da4c4fc4800194bb5ac-250/bbt-bank-logo.png" border="0" alt="bbt bank logo" data-mce-source="BB&T Bank"></strong></td><td style="width: 33.3333%; text-align: center;"><strong><img src="https://static4.businessinsider.com/image/5f903ddbd25aab0018402c5f-250/suntrust-bank-logo.png" border="0" alt="suntrust bank logo" data-mce-source="SunTrust Bank"></strong></td><td style="width: 33.3333%; text-align: center;"><img src="https://static6.businessinsider.com/image/5f903ef5d25aab0018402c67-250/regions-bank-logo 1.png" border="0" alt="regions bank logo (1)" data-mce-source="Regions Bank"></td></tr><tr style="text-align: center;"><td style="width: 33.3333%;"><p><strong>Branch locations</strong></p><p>15 states and DC</p></td><td style="width: 33.3333%;"><p><strong>Branch locations</strong></p><p>10 states and DC</p></td><td style="width: 33.3333%;"><p><strong>Branch locations</strong></p><p>15 states</p></td></tr><tr style="text-align: center;"><td style="width: 33.3333%;"><p><strong>Monthly fees</strong></p><p>Up to $30</p></td><td style="width: 33.3333%;"><p><strong>Monthly fees</strong></p><p>Up to $20</p></td><td style="width: 33.3333%;"><p><strong>Monthly fees</strong></p><p>Up to $18</p></td></tr><tr style="text-align: center;"><td style="width: 33.3333%;"><strong><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="brand,name" data-customtext="Open an account" data-shouldlink="true" data-pid="5f1759555af6cc3ac902e9a3">BB&T Bank BB&T Bright Banking Account</bi-inline-shortcode></strong></td><td style="width: 33.3333%;"><strong><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="brand,name" data-customtext="Open an account" data-shouldlink="true" data-pid="5ed56cd45af6cc37ee015e63">SunTrust SunTrust Essential Checking Account</bi-inline-shortcode></strong></td><td style="width: 33.3333%;"><strong><a href="https://www.regions.com/personal-banking/open-checking-account-online" target="_blank" rel="noopener">Open an account</a></strong></td></tr></tbody></table><h3 style="text-align: left;">BB&T Bank review vs. SunTrust Bank review</h3><p style="text-align: left;">BB&T and SunTrust have combined forces to become Truist Bank, but the two still offer separate products. For the most part, account types and rates are pretty similar. They both offer various types of CDs, so if you want to open a CD, compare and contrast your options between the two institutions.</p><p style="text-align: left;">When trying to decide which bank to open accounts with, your decision may come down to which has a branch closer to your home or more branches in your general area. SunTrust only has locations in the Southeast, while BB&T also has branches in parts of the Midwest and a little farther up the East Coast. </p><h3 style="text-align: left;">BB&T review vs. Regions Bank review</h3><p style="text-align: left;">Like BB&T, Regions has branches in the Southeast and Midwest. Some of the states differ, so your choice might come down to which bank has a location closer to you.</p><p style="text-align: left;">Regions offers similar bank accounts and rates as BB&T. The main differences are with CDs. BB&T offers much more variety in the types of CDs it offersbut you can earn significantly higher rates through Regions if you meet certain criteria.</p><bi-shortcode id="related-content-module" class="mceNonEditable" data-type="more-savings-coverage" data-sheetname="More Savings Coverage">Related Content Module: More Savings Coverage</bi-shortcode><p><a href="https://www.businessinsider.com/personal-finance/bbt-bank-review#comments">Join the conversation about this story »</a></p>
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