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.
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: Tailored escrow solutions can help clients better manage risk associated with a broad range of business transactions.
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.
Over the next 50 years, the number of seniors in the U.S. is expected to more than double. Learn how that surge will affect long-term care providers.
Companies looking to compete on differentiation can do so in two ways. This chapter explains what it takes for a business to set itself apart, including methods for identifying and highlighting unique features.
Conventional loans are not the only way companies can raise capital. Learn about the pros and cons of the myriad sources of capital to determine which is the best fit for your business.
How can you find the funding resources you need to be more confident in your capital plans? Follow these three best capital planning practices to effectively plan your future.
The unsung hero of many businesses successes is financial management which provides the means to create value and build a competitive edge. Mastering five financial management toolsets can build the systems to power your business’s success.
For details about Wire Transfers with SunTrust, call 1.800.947.3786 – options 1 & 4
SunTrust Incoming wire instructions:
Investment and Insurance Products:
Are Not FDIC or any other Government Agency Insured Are Not Bank Guaranteed May Lose Value
© 2019 SunTrust Banks, Inc.
Equal Housing Lender. SunTrust Bank - NMLS #93471. Member FDIC.
SunTrust, SunTrust PortfolioView, SunTrust Robinson Humphrey, SunTrust Premier Program, AMC Pinnacle, AMC Premier, Access 3, Signature Advantage Brokerage, Custom Choice Loan and SunTrust SummitView are trademarks of SunTrust Banks, Inc. All rights reserved. All other trademarks are the property of their respective owners.
Services provided by the following affiliates of SunTrust Banks, Inc.: Banking products and services are provided by SunTrust Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank, SunTrust Delaware Trust Company. Securities, brokerage accounts and insurance (including annuities) are offered by SunTrust Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by SunTrust Advisory Services, Inc., a SEC registered adviser. GFO Advisory Services, LLC is a SEC registered investment adviser that provides investment advisory services to a group of private investment funds and other non-investment advisory services to affiliates. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank, and loans are made by SunTrust Bank.
"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., a registered broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency, and which provides securities, annuities and life insurance products; SunTrust Advisory Services, Inc., a SEC registered investment adviser which provides Investment Advisory services.
SunTrust Private Wealth Management, International Wealth Management, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups and GenSpring are marketing names used by SunTrust Bank, SunTrust Delaware Trust Company, SunTrust Investment Services, Inc., and SunTrust Advisory Services, 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.