BB&T Bright Banking Reviews (Mar. 2021) | Checking Accounts

Highlights
Monthly Fee	$12
ATM Fee: Out-of-Network	$3
Minimum Balance to Avoid Monthly Fee	$1,500
APY (Annual Percentage Yield)	0%

BB&T Bright Banking Review

BB&T Bright Banking is offered by BB&T, a bank founded in 1872 and based in Winston Salem, NC. BB&T Bright Banking is available in 15 states (and Washington, DC).

Key Takeaways

0% APY. As with most checking accounts, BB&T Bright Banking does not pay interest.
Charges a monthly fee. This account charges a monthly maintenance fee of $12, but the fee is waived if you keep a minimum balance of $1,500 or have a monthly direct deposit of $500.
$50 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
Free bill pay. Pay your bills to practically anyone in the United States through BB&T.
Hard credit pull. BB&T may require a hard pull on your credit report to open a checking account.

BB&T Bright Banking Pros & Cons

Pros	Cons
Access to physical branches. Free debit card and the option to lock/unlock the card if lost or stolen Access to a nationwide network of ATMs.	No signup bonus. Does not earn interest Only available in 15 states. Higher than average wire transfer fees. Monthly service charge (if minimums are not met). Charges a higher than average fee on out-of-network ATM transactions.

BB&T Bright Banking FAQ

Are checking accounts from BB&T federally insured?

Yes, your BB&T checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does BB&T Bright Banking offer?

BB&T Bright Banking is not an interest-bearing account.

What are the account minimums for BB&T Bright Banking?

BB&T Bright Banking requires a minimum initial deposit of $50 to open an account.

BB&T Bright Banking Account Minimums
Description	Amount
Minimum Initial Deposit	$50
Minimum Direct Deposit to Avoid Monthly Fee	$500
Minimum Balance to Avoid Monthly Fee	$1,500

What fees does BB&T Bright Banking charge?

The good news is that this account does not have a monthly service charge.

BB&T Bright Banking Fees
Description
ATM Fee: In-Network	$0
Check Cashing Fee	$0
Check Copy	$5
Check Image Service	$4
Debit Card Replacement Fee	$5
Early Account Closure	$0
Foreign Transaction Fee (Debit Card)	3%
Monthly Fee	$12
NSF Fee	$36
Online Bill Pay Fee	$0
Overdraft Item Fee	$36
Overdraft Protection Fee (per transfer)	$12.50
Paper Statement Fee	$5
Returned Deposit Fee (Domestic)	$12
Returned Deposit Fee (International)	$12
Stop Payment Fee	$35
Wire Transfer Fee - Domestic (Incoming)	$15
Wire Transfer Fee - Domestic (Outgoing)	$30
ATM Fee: Out-of-Network	$3

What features and perks does BB&T Bright Banking offer?

This account includes the following features:

Fraud monitoring - BB&T Bright Banking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
Mobile Banking Services - BB&T Bright Banking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
Nationwide ATM network - Conveniently transact at a nearby ATM.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.