SunTrust Bank Advantage Checking Review

SunTrust Bank Advantage Checking is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. SunTrust Bank Advantage Checking is available in 11 states (and Washington, DC).

• Low APY. The maximum annual percentage yield for this account is only 0.01%.
• Charges a monthly fee. This account charges a monthly maintenance fee of up to $20.
• Large minimum initial deposit. You need a minimum deposit of $100 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
• Hard credit pull. SunTrust Bank may require a hard pull on your credit report to open a checking account.

Are checking accounts from SunTrust Bank federally insured?

Yes, your SunTrust Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does SunTrust Bank Advantage Checking offer?

SunTrust Bank Advantage Checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for SunTrust Bank Advantage Checking?

SunTrust Bank Advantage Checking requires a minimum initial deposit of $100 to open an account.

What fees does SunTrust Bank Advantage Checking charge?

This account charges a monthly maintenance fee of up to $20.

What features and perks does SunTrust Bank Advantage Checking offer?

This account includes the following features:

• Check images with statement - Reconciling your accounts ank complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - SunTrust Bank Advantage Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Mobile Banking Services - SunTrust Bank Advantage Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.