Checking and IOLTA Accounts

A variety of solutions to manage your finances conveniently and cost-effectively.

At SunTrust we offer a wide range of commercial checking and NOW accounts to serve the unique needs of business, government and nonprofit clients. All our accounts are designed to help you manage your organization’s finances as conveniently and cost-effectively as possible.

Commercial Checking Accounts

  • Analyzed Business Checking: For businesses with moderate to high transaction activity that need cash management services or want to consolidate multiple accounts. Using account analysis to calculate monthly deposit and treasury management charges helps reduce costs, improve cash flow and simplify accounting with detailed monthly statements to easily track account activity.
  • Analyzed Interest Checking: Best for businesses with moderate to high transaction activity, complex cash management needs and high balance levels in checking accounts. Like Analyzed Business Checking, balances maintained in Analyzed Interest Checking earn an earnings credit allowance1 that can help reduce or eliminate service charges. If balances maintained in the account exceed what is needed to offset service charges, interest is earned on those excess balances.2

SunTrust IOLTA Accounts

Law firms can use a SunTrust IOLTA (Interest on Lawyers Trust Account) to place nominal or short-term client funds into a pooled account that earns interest used to benefit public service programs approved by the state bar. We manage distribution of interest and provide automatic proof of payment as well as receipts for business records and tax reporting.

Escrow Solutions

Escrow Solutions: Tailored escrow solutions can help clients better manage risk associated with a broad range of business transactions.

DISCLAIMERS

1 At the end of each month, SunTrust sets an Earnings Credit Rate (ECR). Using the SunTrust ECR, we calculate the value of earnings credit on the balances (sometimes referred to as value of balances) in your account and apply that value against service activity expenses. The ECR used for the analysis period is always displayed on the account analysis statement. SunTrust uses the following calculation to derive the value of Earnings Credit on available balance: Average Available Balance x ECR ÷ days in the year x days in the month = Earnings Credit on Average Available Balance. Average Available Balance is calculated by subtracting related reserves, if applicable, from the average positive collected balance.

2 To determine the amount of excess balances, the following calculation is used: Average Available Balances - Balances Required to Offset Service Charges = Excess Balances. If you are in a negative net analysis position, the value of excess balances will equal zero to indicate that there are not sufficient balance levels maintained in the account to earn interest. The following calculation is used to derive the balance level required to offset all service charges: Service charges ÷ Earnings Credit Rate x days in year ÷ days in month = Balances Required to Offset Service Charges.

Corporate & Commercial Banking Resource Center

  • Contain Business Cash Surprises

    Too often small business owners let cash fluctuations and shortfalls disrupt their business’s operations and put their personal finances at risk. Business cash reserves put owners ahead cash surprises.

  • Payment Strategies to Maximize Cash

    Cash shortfalls and fluctuations leave owners scrambling to keep the business running without dipping into personal finances. Stretching payables frees up the cash owners need to get through a cash crunch.

  • Dynamic Communities: A Business’s Transition

    When it came time to transition his business, Andy Hafer, founder of Dynamic Communities, found resources with his bank to make the change easier.

  • Core Values Elevate Customer Experience at Flow Automotive

    Focused on adapting to the rapid changes rippling through the auto-dealer industry, Flow Automotive relies on its organizational principles and partnership with SunTrust for its innovative solutions and strategic vision.

  • Stepping up Cash Management When Capital Gets Costly

    Higher capital costs are leading businesses to concentrate on cash management using better data trails from electronic transactions and integration with operational and financial systems.