online payment solutions, electronic payment solutions, Electronic Payment Solutions, ACH direct dep

Electronic Payment Solutions

If your business is still sending and receiving payments via paper checks, SunTrust can help you save money and time.

We offer an array of cost-effective online services that help you streamline payroll and vendor payments. By taking advantage of the benefits of electronic payment solutions, you not only cut payment processing and postage costs and improve cash flow, but you’ll have more time to focus on your business. Additionally, these online payment solutions help you guard against fraud and avoid theft of paper checks.

Direct Deposit
With ACH Direct Deposit, you can make payroll deposits or other one-time or recurring payments electronically. Though direct deposit is commonly used to distribute payroll, it is ideal for any payments you make on a regular basis, including travel and entertainment expense reimbursements, stockholder distributions or vendor payments. Direct Deposit saves you time and money.

Online Payroll
A complete payroll solution that allows you to pay employees by check or direct deposit is just three clicks away. You simply go online, enter hours, preview payroll and you’re done. Employees receive e-mail notification when they’ve been paid. Online Payroll is accessed through Online Cash Manager, giving you convenient, online access to both payroll and your bank account balance and transaction information. It can also be used in conjunction with SunTrust Online 401k, our easy-to-use online retirement plan solution for companies with 100 or fewer employees.

Enterprise Payment Processing

Our Enterprise Payment Processing® service allows you to focus resources on your core business by allowing SunTrust to process your electronic and check payments. You can reduce internal costs, improve controls, and blend disbursement outsourcing with your other treasury management services, creating your own integrated payments system. You provide instructions and data for payments to be made by check, ACH or both in a single, consolidated file that you transmit based on your payment cycles. Using our Online Remittance Reporting option gives your vendor ACH payees online access to PDFs of payment remittances or advice using information included on your data file. As the final step in payment processing, we can mail checks, remittance advices or your ACH direct deposit pay stubs to payees, or return documents to you for delivery.

Wire Transfer
An ideal solution when speed is essential, Wire Transfers are the fastest method for transferring funds. We can process your wire and release funds within minutes of receiving your approvals and verifying there are available funds in your account.

To speak with a SunTrust business banker call 877.370.5108.

Transmit your check and electronic payments in a single, consolidated file

Enterprise Payment Processing allows you to:

  • Verify receipt of files
  • Monitor the check printing process
  • Suspend a file, a single payment or multiple payments
  • Confirm completion of processing
  • View PDFs of check images before items are mailed
  • Know the date and time checks are available for pick-up by mail or courier

Transmit payroll and other checks electronically

ACH Direct Deposit allows you to:

  • Improve efficiency
  • Minimize paperwork
  • Provide employees with a convenient alternative to a check
  • Reduce fraud exposure
  • Predict cash flow
  • Eliminate check storage costs

An affordable alternative to traditional payroll providers

Online Payroll gives you an array of convenience and reporting features.

  • Tax payments processed for you
  • Email alerts and reminders for you and your employees
  • Payroll preview feature to help ensure accuracy
  • Payroll reports available online almost immediately after processing
  • Online reports that can be downloaded into multiple formats
  • Free tools and resources to help you stay in compliance and stay on top of current business issues

The fastest way to transfer funds

We can process your wire instruction and release funds within minutes of receiving your approval. The benefits of wire transfer include the ability to:

  • Maintain control with multi-level security features
  • Minimize clerical workload
  • Get confirmation reports quickly
  • Initiate one-time or recurring domestic or international wire transfers online, by phone or at a branch

Contact Us

To reach a SunTrust representative:

Securities, Investment and Insurance Products and Services:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

© 2014 SunTrust Banks, Inc.

Equal Housing SunTrust Bank is an Equal Housing Lender. Member FDIC.

Equal Housing Equal Housing Lender. SunTrust Mortgage, Inc.

SunTrust, SunTrust Mortgage, SunTrust at Work, SunTrust Mobile Banking, SunTrust PortfolioView, SunTrust Robinson Humphrey, SunTrust Solid Theft Protection, Ridgeworth Funds, RidgeWorth Capital Management, Wealth Select, AMC Fund Select, AMC Pinnacle, AMC Premier, Access 3, Bank Your Way Snapshot, Signature Advantage Brokerage, Custom Choice and Sure Pay are federally registered service marks of SunTrust Banks, Inc. All other trademarks are the property of their respective owners.

Services provided by the following affiliates of SunTrust Banks, Inc.: Banking and trust products, including investment advisory products and services, are provided by SunTrust Bank, member FDIC; securities, insurance (including annuities), and other investment products and services are provided by SunTrust Investment Services, Inc., an SEC registered broker/dealer and a member of the FINRA and SIPC, and a licensed insurance agency; investment advisory products and services are offered by SunTrust Investment Services, Inc. and Ridgeworth Capital Management, Inc.; mortgage products and services are provided by SunTrust Mortgage, Inc.

SunTrust Mortgage, Inc. - NMLS #2915, 901 Semmes Avenue, Richmond, VA 23224, toll free 1-800-634-7928 CA: licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, IL: Illinois Residential Mortgage Licensee, MA: Mortgage Lender license #-ML-2915, NH: licensed by the New Hampshire Banking Department, NJ: Mortgage Banker License - New Jersey Department of Banking and Insurance, and RI: Rhode Island Licensed Lender. © 2014 SunTrust Banks, Inc. SunTrust and SunTrust Mortgage are federally registered service marks of SunTrust Banks, Inc. How can we help you shine? is a service mark of SunTrust Banks, Inc.

"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of SunTrust Banks, Inc.: SunTrust Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., an SEC registered investment adviser and broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency, and which provides securities, annuities and life insurance products, and other investment services.

SunTrust Private Wealth Management, International Wealth Management, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are marketing names used by SunTrust Banks, Inc., SunTrust Investment Services, Inc., and Ridgeworth Capital Management, Inc.

SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of SunTrust Banks, Inc. and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRA and SIPC.