Small Business Checking vs Truist Simple Business Checking: which one fits your business?
Side-by-side comparison of Small Business Checking and Truist Simple Business Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Small Business Checking wins on our scorecard (7.3/10 vs 7/10).
| Scored on | Small Business Checking | Truist Simple Business Checking |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 7 | 7 |
| Fees & pricing | 7 | 8 |
| Customer support | 6 | 6 |
| Features | 8 | 6 |
| Monthly Maintenance Fee | $10 (Waivable) | $0 |
| Min. Balance to Waive Fee | $500 | — |
| Free Transactions | 150 per month | — |
| Cash Deposit Limit | $5,000 per month | $2,000/mo free |
| Domestic Outgoing Wire | $30 | — |
| Transaction Limit | — | 50 per month |
| Excess Transaction Fee | — | $0.50 per item |
| Overdraft Fee | — | $36 |
Small Business Checking in one paragraph
A solid, low-hurdle traditional account for cash-heavy local businesses that can maintain a $500 balance.
Skip it if: You run a high-volume e-commerce store with more than 150 transactions per month.
Truist Simple Business Checking in one paragraph
A solid, no-frills entry point for low-volume local businesses that value physical branch access over high-tech features.
Skip it if: Skip it if you process more than 50 transactions a month or need your idle cash to earn a competitive interest rate.
Frequently asked questions
Which is better, Small Business Checking or Truist Simple Business Checking?
On our five-axis scorecard, Small Business Checking scores higher (7.3/10 vs 7/10). A solid, low-hurdle traditional account for cash-heavy local businesses that can maintain a $500 balance.
Who should skip Small Business Checking?
You run a high-volume e-commerce store with more than 150 transactions per month.
Who should skip Truist Simple Business Checking?
Skip it if you process more than 50 transactions a month or need your idle cash to earn a competitive interest rate.