Key Takeaway: You can buy stocks with a Truist Bank account through a brokerage firm, online broker, or directly from certain companies. To do so, you'll need to open a brokerage account if you don't already have one. Then, deposit money into the account so you can start buying stocks.
If you are looking to get started quickly, we recommend the eToro US trading platform because they offer fast and cheap US Dollar deposits from Truist Bank. Their platform allows investors to trade over 8,000 Stocks, ETFs, Commodities, and Cryptos.
Can I buy Stocks through Truist Bank?
No, you cannot buy stocks, ETFs, and other financial assets through Truist Bank or their online banking platform.
That said, Truist does offer an investing app called Truist Invest Pro that allows you to buy and sell stocks, ETFs, Commodities, and other assets. However, the app is only available to select Truist customers with a minimum of $50,000 in deposits at the bank. It is also an expensive investing app with a base fee of 0.85% per trade.
How to buy Stocks and ETFs with Truist Bank
The easiest way to buy Stocks, ETFs, Commodities and other financial assets is through an SEC-licensed multi-asset broker like eToro. Their platform offers fast and free deposits from Truist Bank accounts via Bank Transfer to trade over 6,000 assets across global markets.
To get started, follow this simple 4 step guide:
- Sign up to a Broker: Register for a free eToro account in the US.
- Deposit USD: Find the Deposit Funds button and your unique deposit details to deposit USD via Truist online banking.
- Find Asset: Find the Stock, ETF, or another asset you want to buy on the eToro platform.
- Buy Stock: Input the amount you want to invest and execute your trade.
Can I Invest in Truist Stocks?
Yes, Truist Financial Corp is listed on the New York Stock Exchange (NYSE) with the ticker TFC. The company is currently valued at $62 billion with a P/E ratio of 10.51. You can buy Truist stocks through any online broker that offers US listed shares.
About Truist Bank
Truist Bank, formerly SunTrust Banks, Inc., is an American bank holding company headquartered in Charlotte, North Carolina. The company provides credit cards, retail and commercial banking, investment banking, asset management, mortgage services, and private wealth management. As of December 31, 2021, Truist Bank served more than 10 million clients through its subsidiaries.
The bank was formed on December 6, 2019, when SunTrust Banks and BB&T Corporation completed their merger of equals. The combined company has more than $447 billion in assets, making it the sixth-largest U.S. bank holding company by asset size. The company operates under the brand name Truist and has more than 2,000 branch locations throughout the United States.
Truist Bank offers a variety of personal and business banking products and services, including checking and savings accounts, credit cards, loans, and investment products. The company also provides wealth management, trust, and estate planning services. Truist Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and is an Equal Housing Lender.