Most bank fee waivers ask for something from the customer — a certain balance, a certain number of direct deposits, a bundled product. Truist has built one waiver path into its checking lineup that asks for nothing at all except a birth date. Customers on either side of a specific age line can skip the bank’s standard $12 monthly maintenance fee without moving a dollar or opening a second account, and the waiver keeps applying month after month without any renewal or reapplication on the customer’s part.
The Age Bracket Written Into the Fee Schedule
Truist charges a $12.00 monthly maintenance fee on its flagship Truist One Checking account, with several independent ways to avoid it, and one of them requires nothing more than the primary account holder’s age: anyone under 25, or 62 and older, qualifies automatically, with no minimum balance, direct deposit total, or linked product required. The other paths — a qualifying direct deposit of $500 or more, a combined balance of $500 or more across related Truist accounts, a related credit product, or student status — remain available too, but the age-based path is the only one that asks nothing of the account’s activity at all.
Truist’s Personal Deposit Accounts Fee Schedule, effective April 9, 2026, shows the same age bracket applies on the Truist Confidence Account, a lower-cost checking product built around debit-only spending, where the monthly fee is $5.00 rather than $12.00. There, the age waiver sits alongside a $500 qualifying-deposit option and a 10-or-more-transactions-per-cycle option, giving a younger or older account holder the same no-balance-required path to a fee-free account that costs less to begin with.
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Why 62 Specifically, Not 65
Sixty-two is a deliberate marker in retirement finance even though it is not the Medicare eligibility age. According to the Consumer Financial Protection Bureau’s Social Security claiming guidance, age 62 is the earliest age at which a worker can claim a Social Security retirement benefit, and it produces the lowest possible monthly amount available at any claiming age — a level that then stays fixed as a percentage discount for the rest of that person’s life. Because 62 marks that earliest-and-lowest claiming point, it is also roughly the age at which a meaningful share of the population starts shifting from steady paycheck deposits toward a mix of benefit payments, part-time income, and savings withdrawals. A bank setting its senior fee waiver at 62 rather than at Medicare-eligible 65 is effectively extending the break to that earlier, more financially unsettled stretch of retirement.
The bracket’s other end, under 25, tracks a similarly practical marker: it roughly covers the years many customers are still students, recent graduates, or otherwise building irregular income before a stable paycheck and direct-deposit habit take hold. Framing both ends of working-age adulthood as fee-waiver eligible, while asking everyone in between to either maintain a balance or use direct deposit, is a common structure across large banks’ account lineups, even where the specific ages and dollar figures differ from one institution’s schedule to the next. A customer who ages into the 62-and-older bracket while already banking with Truist under a different waiver path, such as direct deposit, simply picks up a second, redundant way to qualify — the two paths are not exclusive, and losing a job or a paycheck later in life does not put the account at risk of the fee if the age condition is already satisfied.
What the Waiver Does Not Require
Because the age-based waiver has no balance or deposit component, it does not need to be re-earned each statement cycle the way a direct-deposit or balance waiver does. A customer who qualifies by age keeps the waiver whether that month’s balance is $50 or $50,000, and whether or not a direct deposit ever hits the account. That also means the waiver applies uniformly to every Truist One Checking or Confidence Account customer who meets the age condition, regardless of how the bank classifies their broader relationship — it is not a loyalty perk tied to tenure or to how long someone has banked with Truist, only to how old the primary account holder is on the date the fee would otherwise apply.
Age-based account features like this one are part of a broader pattern regulators track under the banner of age-friendly banking; the Consumer Financial Protection Bureau maintains a standing set of resources aimed at helping older account holders and the people who assist them understand exactly this kind of fee structure and other bank features aimed at that population.
Confirming the Waiver Still Applies
Truist’s fee schedule carries no expiration date printed on it, but it is dated, and that date matters: the version confirmed here is stamped effective April 9, 2026, and nothing in the schedule suggests a newer version has replaced it. A Truist customer who wants to confirm the age waiver is still active on their own account can check the “Avoiding the Monthly Maintenance Fee” line on their most recent statement, which lists whichever condition — age or otherwise — the bank applied that month. Anyone opening a new Truist One Checking or Confidence Account near either edge of the age bracket, such as a customer turning 62 partway through a statement cycle, should confirm with the bank which day of that cycle the age condition is measured against, since the schedule itself does not spell out whether the birthday needs to fall before the cycle starts or merely before it ends.
This article was produced with AI assistance and reviewed by a human editor. Figures are linked to their primary sources; where a claim could not be verified from the public record, we say so.
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