Tuesday, June 17, 2008

SunTrust Extends Deposit Cut-Off Time for Online Check Deposit Service

/PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE:STI) announced today that it has extended the daily deposit cut-off time for its Online Check Deposit service from 5:30 p.m. until 8:30 p.m. ET -- a market-leading deadline. This additional three hours provides an even longer window for clients to receive same-day credit for checks and other eligible items deposited through Online Check Deposit. The service allows businesses to save time by using a SunTrust certified scanner to capture check images and transmit them electronically to SunTrust from their office.

"As current economic conditions continue to make every dollar count more and pressure businesses to find ways to improve efficiencies around daily cash management tasks, we're pleased to offer this enhancement to the service and provide faster access to their cash," says David Fuller, executive vice president and division head of SunTrust Treasury & Payment Solutions. "With Online Check Deposit, clients can focus more on the success of their businesses and less on the day-to-day administrative tasks -- such as driving to the bank."

To learn more about the benefits of Online Check Deposit and to view a demo please visit: www.suntrust.com/onlinecheckdeposit .

No comments: