Checking Disclosures and Fees | Truist (2024)

As a seasoned financial expert with a comprehensive understanding of the banking and financial services industry, I bring a wealth of knowledge and experience to the table. Over the years, I have actively engaged with various aspects of finance, including banking products, investment management, securities, insurance, and mortgage services. My expertise is not just theoretical; it extends to practical applications and hands-on experience.

Now, let's delve into the details of the provided information related to Truist Financial Corporation:

1. Truist Bank, Member FDIC: This indicates that Truist Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which insures deposits in the bank up to the maximum limit allowed by law.

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2. Truist, the Truist logo, and Truist Purple: These are service marks of Truist Financial Corporation, signifying the intellectual property associated with the Truist brand.

3. Equal Housing Lender: Truist is committed to providing equal housing opportunities, adhering to fair lending practices.

4. Investment and Insurance Products: The statement highlights that investment and insurance products offered by Truist are not FDIC or any other government agency insured, not bank guaranteed, and may lose value. This serves as a disclaimer for customers investing in these products, emphasizing the associated risks.

5. Affiliates of Truist Financial Corporation: The various affiliates of Truist Financial Corporation, such as Truist Bank, Truist Delaware Trust Company, Truist Investment Services, Inc., P.J. Robb Variable, LLC., Truist Advisory Services, Inc., GFO Advisory Services, LLC, Sterling Capital Management, LLC, Precept Advisory Group, LLC, McGriff Insurance Services, LLC, and Truist Life Insurance Services, offer a range of financial services, including banking, trust and investment management, securities, brokerage, insurance, and advisory services.

6. Mortgage Products and Services: Truist Bank provides mortgage products and services, and all Truist mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS).

7. Tax Implications Disclaimer: Truist makes it clear that comments regarding tax implications are informational only, and they do not provide tax or legal advice. Customers are encouraged to consult their individual tax or legal professionals before making decisions with potential tax or legal consequences.

8. Trade Names and Trademarks: Truist uses various trade names, including Truist Wealth, International Wealth, Center for Family Legacy, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups. Truist Securities is a trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries.

9. Truist Securities: This is a trademark of Truist Financial Corporation and is associated with corporate and investment banking services provided by Truist Securities, Inc., a member of FINRA and SIPC.

10. Lending, Financial Risk Management, Treasury Management, and Payment Services: Truist Bank offers a suite of financial services, including lending, financial risk management, treasury management, and payment services.

11. Deposit Products: Truist Bank provides various deposit products to its customers.

This comprehensive breakdown reflects the diverse range of financial services and products offered by Truist Financial Corporation, showcasing its commitment to providing a holistic financial solution to its clients.