Branch Banking and Trust Company Money Market Account

Branch Banking and Trust Company Money Market Account Review

Branch Banking and Trust Company Money Market Account is offered by BB&T, a bank founded in 1872 and based in Winston Salem, NC. Branch Banking and Trust Company Money Market Account is available in 50 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 service fee of up to $12, but the fee is waived if you keep a minimum balance of $1,000.
• Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of Branch Banking and Trust Company Money Market Account

Pros	Cons
Available in all 50 states. Does not offer mobile check deposits.	No signup bonus. Does not provide a debit card. Monthly service charge.

Branch Banking and Trust Company Money Market Account FAQ

Are money market accounts from BB&T federally insured?

Yes, this account is 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 are the interest rates for BB&T money market account rates?

Branch Banking and Trust Company Money Market Account Rates and Terms

Rates	Amount
APY	0.01%

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

What are the fees for Branch Banking and Trust Company Money Market Account?

This account charges a monthly maintenance fee of up to $12. You can avoid this fee by maintaining a balance of $1,000.

BB&T will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Branch Banking and Trust Company Money Market Account Fees

Fees	Amount
Monthly Fee	up to $12
Paper Statement Fee	N/A
Excess Transaction Fee	$15

What is the minimum balance for BB&T money market account?

Minimum deposit of $100. You must make an initial deposit of at least $100 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $1,000.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does BB&T money market account offer?

This account includes the following features:

• Check Writing - BB&T money market account includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Fraud monitoring - BB&T monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - BB&T money market account allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (336) 733-3300.

What is the support contact email?

The support contact email for this business credit card is ClientResolution@Truist.com.

How to open an account with BB&T

• Visit the BB&T website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.