SunTrust Simplifies Personal Checking Disclosures
ATLANTA, Dec. 5, 2012
ATLANTA, Dec.5, 2012 /PRNewswire/ --SunTrust Banks, Inc. (NYSE: STI) has
added new disclosures for its personal checking accounts based upon
recommendations from Pew's Safe Checking in the Electronic Age Project. The
new disclosures provide a more simplified, consumer friendly format for
information regarding key fees and policies to help clients and potential
clients compare and choose the account that best suits their personal needs.
"At SunTrust, we are focused on lighting the way to financial well-being for
existing and potential clients," said Whitney Stewart, Mass Market Segment &
Value Added Services Executive at SunTrust. "Providing clearer, more concise
information about our products and services in a more standardized format
aligns with that purpose."
"As more and more banks adopt greater transparency about the fees, terms, and
conditions that apply to accounts, consumers are able to educate themselves,
understand the products they are using, and comparison shop to find the best
product to meet their needs," said Susan Weinstock, director of Pew's Safe
Checking in the Electronic Age Project. "We commend SunTrust for moving to
this simplified format."
The new disclosures can be found online at the following link -- Account
Overview Guides & Disclosures -- and will be available at all SunTrust
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, 2012, SunTrust had
total assets of $173.2 billion and total deposits of $127.2 billion. Through
its flagship subsidiary, SunTrust Bank, 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.
SOURCE SunTrust Banks, Inc.
Contact: Hugh Suhr, +1-404-827-6813
Press spacebar to pause and continue. Press esc to stop.