Select Checking Benefits

Select Checking Benefits

After opening your SunTrust Mortgage, contact your dedicated Relationship Specialist to open a Select Checking account with SunTrust Bank. To jumpstart your savings, be sure to select the paperless option with SurePay. When you choose Select 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.

    • SurePay with SunTrust Mortgage will automatically debit your monthly mortgage payment from your Select 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 defer the monthly maintenance fee on your Select Checking account; saving you money month after month.

  • Your Select Checking account offers the below additional features:

      • First order of 100 SunTrust Exclusive checks included or a 50% discount applied toward the first order of any other personal check style
      • Eligible for up to three (3) Essential Checking accounts
      • Unlimited transaction use at all SunTrust ATMs and two (2) free non-SunTrust ATM transactions per month
      • Discount on safe deposit box Interest rate reductions1 on consumer installment loans and equity lines of credits
      • Online Banking with Bill Pay
      • SunTrust Mobile Banking
      • SunTrust MasterCard® Gold Debit Card
  • 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)2.
      • 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.3

      * 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

1You can receive a 0.25% interest rate reduction off the standard rate of a consumer loan or line of credit if your payment is automatically deducted from a qualifying SunTrust checking, savings, or money market account using SurePaySM. For the Access 3 Equity Line, this interest rate reduction does not apply to promotional rate advances, Fixed Rate/Fixed Term (Option 3) advances, or during the Repayment Period.

All loan and line discount offers are subject to change. Offer for new and refinanced eligible consumer loans and lines of credit, as well as for credit line increases. Relationship pricing discount is not available on existing consumer loans or lines of credit. Relationship pricing discount may not be applicable for all products. Consult your banker for details.

2Sufficient funds must be in your bank account at time of automatic debit.

3Benefit 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.

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