Branch Banking and Trust Company is an FDIC-insured bank headquartered in Winston Salem, N.C. BB&T offers fairly accessible deposit account options and solid customer experience.
The mobile app U by BB&T is highly rated and helps manage multiple accounts from a customizable dashboard.
An online savings account is available with no monthly maintenance cost or minimum deposit.
BB&T was named on the FORTUNE “World’s Most Admired Companies” list in the superregional bank category in 2018.
Physical branches are located in only 15 states and Washington, D.C.
BB&T offers fairly low interest rates on deposit products compared to competitors.
BB&T’s digital banking platform, called U, is popular among app reviewers. In the Apple app store, the mobile banking app has scored a 4.8 out of five stars — a score that is high for a bank app. In the Android app store, the mobile banking app has scored 4.5 out of five stars.
The bank’s mobile app comes with standard features, such as pay a bill or a friend as well as deposit a check. It also comes with something less common: the ability to port in data from your other financial accounts. You can also search your transactions.
Moreover, you can visit more than 1,900 financial centers for in-person help. BB&T also counts about 2,5000 ATMs across its footprint.
BB&T’s roots stretch back to the post Civil War era of North Carolina. The bank started out in 1872 as place area farmers could borrow money at reasonable interest to buy seed, fertilizer and other necessities. BB&T survived financial disasters including the Great Depression and became North Carolina’s fourth-largest bank by 1994.
In 1995, BB&T and Winston-Salem-based Southern National Corporation merged. The bank has steadily grown over the years, regularly acquiring competitors and entering new markets in the East Coast, Midwest and South.
BB&T holds $222.9 billion in assets as of September 30, 2018. The bank operates more than 1,900 financial centers in 15 states and Washington, D.C. Members have access to about 2,500 ATMs across the BB&T footprint.
Customers of BB&T are offered a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending.