BB&T is a large regional bank based in Winston-Salem, North Carolina. Some accounts can be opened online, but the bank typically restricts new accounts to people who reside within its footprint which includes North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana, Texas, and Washington, D.C.
BB&T is one of North Carolina’s largest banks and is publicly traded on the New York Stock Exchange (Symbol:BBT). The bank’s acronym stands for Branch Banking & Trust Company, and it offers a range of commercial and personal banking products along with investment banking and insurance services.
On its personal banking side, BB&T offers checking, savings, money market, and Certificate of Deposit (CD) accounts, as well as credit cards and convenient online services. All of the bank’s checking accounts come with free BB&T ATM withdrawals, bill payment, and 24/7 telephone automated inquiries. Only its student checking account comes with no monthly maintenance fee, but the other options offer ways to have the fee waived each month. Another checking account option includes identity protection services and that means quarterly credit reports and a limited amount of insurance. Several of BB&T’s checking accounts have been recognized on DepositAccounts.com.
Savings accounts are available and feature a popular basic account with no balance requirements or monthly fees, and a college savings account that functions as a 529 plan. The bank also offers a health savings account to help consumers potentially save on healthcare expenses. Money market accounts offered by BB&T have a large minimum balance requirement and pay higher interest rates to higher balance levels. Certificates of Deposit (CDs) range in term lengths from 7 days to 60 months and include both a home and college directed account. The home and college CD accounts offer a customized approach to saving for a house or an education. BB&T investment services provide guidance on and access to investment products like mutual funds, annuities, and stocks.
BB&T online banking provides customers with a Internet platform on which to manage their accounts. Bill payment, fund transfers, and financial management software integration are all features of this free web-based system. Mobile banking is also available and makes it convenient and easy to bank by text or mobile apps designed for select smartphone and tablet devices.
BB&T is more than 140 years old and was originally established by Alpheus Branch and Thomas Hadley in 1872. The bank is a subsidiary of BB&T Corporation, a bank holding company and is currently headquartered in Winston-Salem, North Carolina. The bank briefly accepted the U.S. Treasury’s TARP money in 2008 before repurchasing its shares the following year.
I lost my son recently and went through a period of financial difficulty due to the expenses involved. I called BB&T when I got an overdraft notice. Not only did they listen, they removed the charges and pushed my mortgage payment ahead. The people I talked to were genuine and went out of their way to help. I will always be their customer
We have used BB&T for several years and it seems to be about average to other banks. We have not had any issues, and have been able to depend on them to let us know if there are any issues with our account or if we need any information.
The local branches have great friendly service and are very helpful.
However BBT Corporate is getting worse. I'm constantly having problems with my online and mobile banking. When I call customer service they are.
I was with Susquhanna bank before they were bought by Bb&t.
The account minimums BBT requires are ridiculous.
I wish I could rate this bank higher then 2 stars, but this is a mobile world and it seems like they are not a mobile friendly bank.
|FDIC Certificate #||9846|
|Return on Assets - YTD||1.03%|
|Return on Equity - YTD||7.71%|
|Annual Interest Income||$3.28B|
|Assets and Liabilities|
|Assets||Q2 2017vs Q2 2016||$215.3B$217.2B|
|Loans||Q2 2017vs Q2 2016||$139.9B$139.9B|
|Deposits||Q2 2017vs Q2 2016||$163.1B$167B|
|Equity Capital||Q2 2017vs Q2 2016||$28.99B$28.28B|
|Loan Loss Allowance||Q2 2017vs Q2 2016||$1.21B$1.27B|
|Unbacked Noncurrent Loans||Q2 2017vs Q2 2016||$663.0MM$917.5MM|
|Real Estate Owned||Q2 2017vs Q2 2016||$66.0MM$75.2MM|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.04%*||$10k*||-||Investor's Deposit Account|
|OTHER TIERS: 0.01% → Up to $10k|