Advantage Checking Benefits

Advantage Checking Benefits

After opening your SunTrust mortgage, contact your dedicated Relationship Specialist to open an Advantage Checking account with SunTrust Bank. To jumpstart your savings, be sure to select the paperless option with SurePay. When you choose Advantage Checking and go paperless with SurePay you open the door to additional benefits.

To take advantage of this special offer, contact a Mortgage Loan Officer or a Relationship Specialist for details on how to sign up and earn your rewards.

  • Mortgage payments on-time, every time.

    • SunTrust Mortgage with SurePay will automatically debit your monthly mortgage payment from your Advantage Checking account on your due date, drafted between the 1st and 15th day of each month.

  • No monthly checking account maintenance fees

    • SunTrust Bank will waive the monthly maintenance fee on your Advantage Checking account when you enroll in SurePay; saving you money month after month.

  • Your Advantage Checking account offers the below additional features:

      • Up to four Essential Checking accounts1 with the monthly maintenance fee waived
      • No fee for three non-SunTrust ATM transactions per statement cycle2
      • First order of 100 SunTrust custom checks included or a 50% discount applied toward the first order of any other personal check style
      • $25 discount on annual rental fee of a Safe Deposit Box (any size)3
      • SunTrust MasterCard Gold® Debit Card
      • Online Banking with Bill Pay
      • SunTrust Mobile Banking with Mobile Deposit
  • Pay down your mortgage faster.

    • Here's how it works:

      • Ask your Relationship Specialist about the Bi-Weekly® Mortgage Payment Plan. By making extra payments under this plan, you could pay off your mortgage sooner.
      • Pay half of your monthly mortgage payment every two weeks (set up automatic debit)4.
      • Go from 12 full mortgage payments to 26 half payments in most years, which means you make the equivalent of one full extra mortgage payment per year.
      • Your two extra half payments go straight to principal.
      • Build equity in your home faster and pay off your home sooner.5

      * Bi-Weekly payments are collected in the month prior to when they are applied to your monthly payment due. To avoid a gap in your payment history as you transition to the payment structure of The Bi-Weekly® Mortgage Payment Plan, during your first month of enrollment, you will pay both your regular monthly payment plus Bi- Weekly half payments. If this additional payment at enrollment is not possible, SunTrust Mortgage offers our SurePay automated payment program that may allow you to accomplish a similar goal. Additional information about SurePay can be found at https://www.suntrust.com/home-mortgages/existing-client-support/payment-options or by calling us at 800.634.7928, Monday through Friday 8 a.m. to 8 p.m. and Saturday 9 a.m. to 3 p.m. ET.

DISCLAIMERS

Up to four additional Essential Checking accounts are available with no Monthly Maintenance Fee when linked to Advantage Checking account.

Up to three SunTrust fees assessed for transactions done at non-SunTrust ATMs are waived, and three ATM surcharge fees will be refunded for Advantage Checking accounts per statement cycle.

Advantage Checking clients are eligible to receive a $25 discount on the annual rental fee of any size Safe Deposit Box. Boxes and box size are subject to availability.

4 Sufficient funds must be in your bank account at time of automatic debit.

5 Benefit to the consumer in the form of building equity is through extra payments applied to principal only. Equity gains assume property values remain stable. The number of months of early repayment achieved by enrolling in this program depends on the overall length of time remaining on your mortgage term, with longer remaining terms generating greater benefit. Consult with a professional financial advisor when considering switching to a bi-weekly mortgage payment schedule.

Home Mortgages Resource Center