Truist Cash Reserve: Line of Credit | Truist (2024)

^{Disclosure 1} Refer to theTruist Cash Reserve Account Overview Guide, Bank Services Agreement and Truist Cash Reserve Agreement and Disclosures (Terms and Conditions) for detailed information regarding each feature, benefit and/or fees listed for this product.

^{Disclosure 2} Advances are subject to an Annual Percentage Rate (APR) of18.00%in all states.

^{Disclosure 3} Advances

Minimum amount:$5

Maximum amount:Up to your approved Cash Reserve Credit Line Amount (not to exceed $750).

Advances must be in whole dollar amounts and must be initiated by you via online or mobile banking. The proceeds of each advance will be deposited to your Truist Associated Checking Account and will be available immediately. You may request multiple advances up to your approved Cash Reserve Credit Line Amount.

If your Truist Associated Checking Account has a negative available balance before the advance is credited to the account, the advance will first be used to bring the account balance positive. After the account balance has been made positive, the additional funds will be available for use.

Please note that the advance must bring your Truist Associated Checking Account balance to $25 or greater. Truist requires the account balance to be at least $25 after the advance, as disclosed in the Truist Cash Reserve Agreement and Disclosures (Terms and Conditions), in order for the transaction to be materially beneficial.

Advances are made immediately available to your Truist Associated Checking Account. Advances initiated prior to 12:00AM ET will be included in the client’s available balance when assessing overdraft fees (if applicable) during nightly processing.

All advances are repaid in four (4) monthly installments. Multiple advances can be requested at any time and would align to the monthly installment payment for the statement cycle in which the advance was requested. Your first three monthly installment payments will be in equal amounts; however, your fourth monthly installment payment amount may fluctuate and may be more than your previous payments, given multiple factors including, but not limited to: the date of your Advance, statement cycle dates, the number of days between payments received, and the outstanding principal balance, which applies to Automatic and Manual Payments.

When you enroll, you have the ability to choose between automatic or manual payments. If you wish to change your payment preference, you will need to contact Truist Care Center at 1-844-4TRUIST. Please note Truist Branch teammates do not have the ability to perform this request directly. However, the teammate can contact the Truist Care Center to initiate this request in your presence.

Payments are subject to availability of funds in the Truist Associated Checking Account.

Automatic Payment Option

• Payments will be debited from your Truist Associated Checking Account on the morning the payment is due
• If funds are not available in your Truist Associated Checking Account, the payment will automatically be reattempted in two calendar days
• If the funds are not available on the 2^ndattempt, you will be responsible for making a payment through the manual payment option before the next payment due date in order to keep your account in good standing

Manual Payment Option

• Payments for this option can be made via online or mobile banking, using funds from your Truist Associated Checking Account only
• These payments are immediately debited from your Truist Associated Checking Account at the time the payment is initiated and will reduce the available balance in the account
• You can make a manual payment at any time, even if you are set up for automatic payments, with no penalty. Please note, if you are using automatic payments and make a manual payment less than the upcoming required payment, an automatic payment will still be performed to process the remaining payment.

Note: For all payment types, if the total past due payment is not received before the next due date, both the past due amount and the current payments will be due on the next payment due date. If you are setup for automatic payments, this amount will be automatically debited from your Truist Associated Checking Account.

⁴ Cash Reserve uses deposit “cash flow” underwriting and does not pull a credit report from a credit bureau.

⁵ Truist Cash Reserve is an option that may reduce declined transactions or overdrafts. However, failure to pay monthly installments within 45 days will result in the entire outstanding balance plus outstanding interest to be debited from your Truist Associated Checking Account. We will also debit the entire outstanding balance if the Truist Associated Checking Account is 35 or more days past due. This debit could potentially cause the Truist Associated Checking Account to have a negative balance. This process will also result in closure of your Cash Reserve Account.More details for this process are outlined in the “What else should I know” FAQ. Additional detail can also be found in the Truist Cash Reserve Account Agreement and Disclosures (Terms and Conditions).

⁶Truist Cash Reserve eligibility requirements:

• You must have a Truist checking accountand
• Your Truist checking account is not owned by or held by trusts, conservators, guardians, custodians and representative payees, as well as by businessesand
• Your Truist Associated Checking Account must be opened for at least six (6) monthsand
• You must be a United States citizen or permanent US resident and reside in the following states: AL, AR, DC, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, and WVand
• You must be 18 years or older (in all states mentioned above except Alabama); 19 years or older (in Alabama)and
• Your Truist Associated Checking Account must have one or more Qualified Deposit(s) (any deposit greater than or equal to $100) credited in one (1) of the last two (2) statement cyclesand
• Your Truist Associated Checking Account must not be in a continuously overdrawn position for fifteen (15) calendar days or more at time of enrollment.

Ongoing Eligibility Requirements:

All of the eligibility requirements as outlined above must be met on an ongoing basis in addition to the list below in order for you to remain eligible to initiate advances:

• The amount of the advance you request is sufficient to bring the overdrawn Truist Associated Checking Account balance to at least a positive $25 balance
• Your Truist Cash Reserve account is not currently in a Cool-Off Status due to non-payment. Cool-Off Status occurs when a payment is not received by the payment due date and you are unable to take additional advances.
• Your Truist Associated Checking Account must not be in a continuously overdrawn position for fifteen (15) calendar days or more at the time of Cash Reserve enrollment or when requesting an advance
• Your Truist Associated Checking Account is open and active and is not currently in a blocked, dormant, or closed status (for fraud, attempted fraud, garnishments and levies, or any other reason).
• If your Cash Reserve account is not utilized, the Cash Reserve account will automatically be closed after six (6) months of inactivity and you will need to reenroll for a Cash Reserve Account

⁷ The maximum Credit Line Amount is the lesser of (1) $750 or (2) up to 50% of the total Qualified Deposits for the prior two (2) Truist Associated Checking Account statement cycles, rounded up to the nearest $50 increment. The Credit Line Amount may be less based on your Truist Associated Checking Account history with a $50 minimum Credit Line Amount. Qualified Deposit(s) means any type of deposit of at least $100 or more made to your Truist Associated Checking Account within one (1) of the prior two (2) statement cycles.

Truist will determine your Credit Line Amount automatically on the last business day of each statement cycle and the updated limit is effective on the following business day.