SunTrust Banks, Inc. (NYSE:STI) today announced that it has eliminated the monthly Check Card fee on its Everyday Checking account. The fee will no longer be charged beginning Wednesday, November 2, 2011, but all clients who incur – or have previously incurred – the fee prior to that date will receive a full refund.
“We believe banking is a relationship business and recognize the importance of responding to client preferences,” said Brad Dinsmore, Consumer Banking and Private Wealth Management executive at SunTrust. “We’ve listened to our clients’ feedback and will provide the convenience and security of check cards at no additional charge as part of all of our checking accounts.”
Clients will not need to take any action to receive their refund – it will automatically take place in the next 30 days, Dinsmore added.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2011, SunTrust had total assets of $172.6 billion and total deposits of $126.3 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust’s Internet address is suntrust.com.