BB&T Elite Gold Reviews (Apr. 2021) | Checking Accounts

Highlights
Monthly Fee	$30
ATM Fee: Out-of-Network	$3
Minimum Balance to Avoid Monthly Fee	N/A
APY (Annual Percentage Yield)	0.01%

BB&T Elite Gold Review

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

Key Takeaways

Low APY. The maximum annual percentage yield for this account is only 0.01%.
Charges a monthly fee. This account charges a monthly maintenance fee of $30.
$100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Up to $12 in ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
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 Elite Gold Pros & Cons

Pros	Cons
Interest-yielding account. 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. Only available in 15 states. Higher than average wire transfer fees. Monthly service charge. Charges a higher than average fee on out-of-network ATM transactions.

BB&T Elite Gold 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 Elite Gold offer?

BB&T Elite Gold Rates & Terms
Description
APY (Annual Percentage Yield)	0.01%

BB&T Elite Gold offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

What are the account minimums for BB&T Elite Gold?

BB&T Elite Gold requires a minimum initial deposit of $100 to open an account.

BB&T Elite Gold Account Minimums
Description	Amount
Minimum Opening Deposit	$100
APY Minimum Balance	$0.01
Minimum Combined Balance to Avoid Monthly Fee	$25,000

What fees does BB&T Elite Gold charge?

This account charges a monthly maintenance fee of $30.

BB&T Elite Gold Fees
Description
ATM Fee: In-Network	$0
ATM Reimbursement Monthly Limit	$12
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	$30
NSF Fee	$36
Online Bill Pay Fee	$0
Overdraft Item Fee	$36
Overdraft Protection Fee (per transfer)	$9
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 Elite Gold offer?

This account includes the following features:

ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks up to a monthly maximum of $12.
Fraud monitoring - BB&T Elite Gold 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 Elite Gold 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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