Suntrust Small Business Banking

Suntrust small business banking
 

service provides a wide range of small business banking solutions projected to satisfy some common and explicit needs of small businesses. Small business owners will be able to handle their daily finances by going through their online services. Suntrust small business online banking also provides some special facilities by which customers will be able to access their checking and savings accounts, credit cards and other financial services.

Striking features

Some of the prominent features of Suntrust small business banking service are:

Checking: Suntrust small business banking service provides a distinctive offer which comprises all sorts of checking activities like business checking accounts. Checking activities include free business checking, total business banking, analyzed busines checking, select business checking etc. Business owners can opt for this unique offer to efficiently meet their business needs.

Online services: This can be treated as the most effective and handy offer for small business owner to effectively manage their business financial conditions. Customers will also be able to save their time by easily and instantly accessing their accounts information by going through this online service.

Savings: Small business owner will be able to effectively manage their cash flow methodologies. Some of the beneficial offers of this special service are premium business interest, performance account, business money market, business savings account and Cds.

Treasury management: Small business owners should go for this option if they want to effectively deal with the cash flow mechanism, minimize the costs of the business and maximize the productiveness of the business and staffs. Some of the effective solutions of this treasury management service include merchant service, cash position management, and online information.

Card products: Card product service can be a beneficial option, when small business owners need to effectively handle their business expenditures. Small business owners need to control the business related expenses to run their business steadily. In that case this card product option is the right one for them. Two popular card options are business credit card and business check card.
Checking
Free Business Checking
Suntrust small business banking service provides this special offer to have an access to the online cash manager, by which customers will be able to pay their bill online free of cost. This facility also offers a free business check card and a free personal checking account, by which customers will also be able to supervise their account through online cash manager.
Some prominent features of free business checking option are as follows:

Customers do not need to pay any monthly maintenance fee, nor are they required to maintain a minimum account balance

Customers will get a free business check card, by which they will be able to manage their business accounts information

Customers are allowed to process 150 transactions per month

Customers will be able to pay their bills online through cash manager and all these can be done free of cost

Total business banking Total business banking is an easily adjustable banking service, particularly projected to meet the necessities of small business. This service comprise of business checking, which includes credit and investment options. Some of the prominent components of total business banking are as follows:

Features: This component specify the types of banking services like simplified business checking account, overdraft protection service, business savings, online business banking, business credit card, merchant service, investment consultation. Through this option, customers will be able to determine whether the type of the total business banking suit them the best. Some of the facilities of this option include no annual fee, discounts on specific financial services, business checking account, less expensive monthly maintenance charge etc.

Uncomplicated business checking account: This facility enables the customers to get more or less 250 services like checks, deposits etc with a low monthly maintenance fee.

Business savings: Customers can maintain the minimum balance by using balances from any of his account balances.

Overdraft protection service: This service can be available without giving any annual fee.

Merchant services: This special service allows customers to pay through their credit and ATM debit cards through a specialized program.

Online Business Banking: Customers will be able to handle their business accounts effectively and conveniently, if they opt for this effective facility.

Investment consultation: Suntrust small business banking service provides an investment advisor to help the customers regarding investment functions.

Benefits: Total business banking strengthens the basic banking services with easy, fast and low maintenance service charge. Some of the effective benefits of total business banking are:

• Customers can access their online monthly statements in almost instantly
• Customers can acquire the overdraft protection facility with no annual fee
• One will pay his bill online with free of charge
• Customers do not require to pay any monthly maintenance fee, if they able to maintain a minimum balance in their total business banking account

Business credit card: Customers can use this effective tool to control and protect their financial matters.With business credit card, customers will be able to separate their business expenses from their personal expenses. Customers will also devise their expenses in a constructive way. Some other benefits include:

Employee will be able to direct their expenses in right way

Customers will be able to acquire overdraft protection facility for their business checking account

Customers can acquire cash from any of the many ATMs of Suntrust

This business credit card has a wide acceptance throughout the world

Lending services: Customers can rent any instrument or can buy new facilities by opting through this lending service. Some of the striking features of lending service include:

Lines of Credit: Short term financial necessities like inventory purchase can be achieved through this lending service

Term loan and commercial mortgage loans are available with this lending service through which customers can buy, build or redefine their financial needs specifically for commercial real estates. One other kind of loan is vehicle loan, which helps the business owners to purchase new cars etc.

Investment consultation: Suntrust small business banking service also provide a consultation facility, through which business owners will be able to take advice on issues regarding mutual funds, assets allocation, securities etc. Professional consultants of Suntrust banks Inc. are ready to to assist the business owners regarding investment issues.

Merchant services: Suntrust small business banking service provide some distinctive facilities and services through which business owners will be able to use their credit and debit cards for transaction processing matters. Suntrust banking Inc. also provides a high degree of merchant processing service for almost all principal credit, debit cards categories. One of the biggest option is that the customers will be able to accesss their funds within 24 to 48 hours.

Online services

Small business owners should take the advantage of this Suntrust small business online banking service, as it is the most easiest, fast and effective way to access all the related information regarding their business accounts in just a second. This online service is available 24 hours a day and 7 days a week.

Online cash manager: Online cash manager of Suntrust bank Inc. enables business owners to access both of their business and personal accounts in a simpler way and offers a wide range of services include:

• Ability of the customers to access both their accounts - personal, as well as business
• Customers will be able to get their account balance and transaction reports on daily basis
• Customers will also be able to transfer their accounts
• Business owners will be able to view, verify and get their online statements
• Customers can download their account transactions also
• Customers can pay their bills online and can also attain balance alerts facility
• Suntrust maintains and updates latest customized softwares due to that customers will always be safe from all sorts of fraudulance activities
• Online treasury manager: Online treasury manager option of Suntrust bank Inc.enable customers to gain control over their business accounts and administrative works with more accuracy. Some of the prominent of features of online treasury manager are as follows:
  • Customers will be able to look at the details of their multiple business accounts
  • Customers will be able to find back the image of checks they have paid
  • They will be able to transfer their funds through their accounts
  • Customers could access their statements through online
  
  
• Lockbox image browser: Suntrust small business banking lockbox image browser option provides some unique solutions to meet some specific business needs.
  
  Savings
  
  Customers will be able to devise their cash flow mechanism with stability, so that they can expense for their business more effectively. From various savings categiries, customers need to choose the right one for them. Some beneficial savings options include business savings, money market accounts, Cds (Certificates of Deposit), etc
• Premium Business Interest Account: Customers who opened the total business account, can get attractive interest on their deposits through this option. Some prominent features of this option include:
  • Customers can enhance the standard of their business with security
  • Customers can withdraw their money with more ease
  
  
• Business Money Market Account: This is a perfect option for those customers who needs a satisfying and substantial business principal. This option also provides very attractive interest rates for those customers who have small amounts of fund. Customers will be able to access their account oriented information anytime they want.
  
• Business savings account:Customers who need to construct their accounts with capital can go for this business savings account of Suntrust bank Inc. Customers can protect and utilize their money with efficiency, as this account pays some attractive rates of interest. Some of the prime features of business savings account are:
  • Customers do not need to pay any charge for any kind of deposit
  • Customers can obtain their monthly statements
  • Customers will be able to access their online account information any time they want
  
  
• Certificates of deposits(Cds): Customers will be able to make their investment safely with attractive fixed rates, if they opt for this option. One can invest his money in the account for a selective period of time. Some of the striking features of this certificate of deposits are:
  
  Certificate of deposits(CDs) guarantees the customers an attractive fixed rate of interestCustomers can pay their interest in a flexible mode of payment, i.e., in flexible term lengths. Normally if customers prefer to choose the longer term, they are supposed to get higher amount of return.
  
  The Cds will be a beneficial option if customers determine to invest on vehicle for a definite period of time. Besides all these facilities, Cds are also provided by some special facilities.
  
  Treasury management
  
  Treasury management is a special type of procedure through which small business owners will be able to manage their business effectively. Usually some experienced treasury management professionals of Suntrust small business banking are doing all the suggestions related to activities for the small business owners. These professionals are giving advice on matters like cash flow in the business, ways to reduce costs, gaining the control over the business, and growing the productivity of the business and the employees. So, treasury management can be treated as an efficient tool to handle accounting items like payable to receivables, fund management etc.
  
• Payables: Through this option, customers will be able to organize both their electronic and paper payments mode more effectively. Business owners will also be able to protect their business from fraudulant activities. Suntrust also provides some concrete payment solutions to control over accounts payable systems. Customers can make their payment by any of the modes like check, cash or electronically, Suntrust will assist them to reduce the business processing cost and dealing with payments methods.
• Account reconciliation: Customers will be able to reconcile their disbursement accounts in well timed manner and this will facilitate identifying accounting errors and help cutting down the risk of fraudulance. Through this method customers will definitely be able to enhance the standard of the business.
• Check image service: Customers need to go for this option if they want to supervise his payment methodology in detail. Through online treasury manager, customers will be able to access the images of checks.
• Electronic payment solutions: These days every concern is trying to minimize their payment processing costs by raising the efficiencies of electronic payment service. Customers can make their payments electronically through ACH(Automated Clearing House) service of Suntrust small business banking and in that way they can save time. Payments processes like tax payments, reimbursements etc. can be done more effectively by this electronic payment service.
• Card service: Suntrust provides some effective commercial card services and using those services customers will be able to manage the accounts payment system more effectively.
• Fraud protection solutions: Suntrust is maintaining some effictive customized software tools, which will protect the valuable financial and accouting data from fraudulance activities.
• Receivables: Suntrust has solutions to shape the collection procedures and receivable process in a well timed manner. Customers can receive their payments with speed through the electronic way.
• Card processing: Suntrust small business banking service accept almost all major card types like Visa, American Express, ATM debit cards etc.
• Online information control system: Customers will be able to manage the cash flow more effectively, precisely and almost instantly if they go through online information and control system of Suntrust bank Inc. Online treasury manager of Suntrust bank help the customers to organize the cash flow mechanism more conveniently. It is a comprehensive service to meet the essential needs of the business.
• Cash position management: Customers will be able to optimize their working capitals with more accuracy by going through this cash position management of Suntrust small business banking service.
• Merchant services: Customers should utilize this facility to pay anything through credit and debit cards
  
  The other such facilities include accessing the details of the fund report, reliable service, etc.
  
  Card products
  
  Most of the time small businesses are required to expense a lot for the sake of the welfare of the business and that is why business owners need to arrange cash to run their business well. Some of the popular card categories are:

Business Credit Card: This card offers credit line up to the limit of $50,000. Customer who needs daily transaction should opt for this beneficial card option. They can use this card for supplying orders or for amusements purpose. Some of the beneficial features of this business credit card are:

• Customers can transfer their balance with less expensive rate.
• Customers can expense on multiple cards
• Customers can acquire the overdraft protection facility by connecting their card account to the checking account
• Customers can earn rewards point, everytime they buy using this business credit card.
• This card has an insurance facility option, through which they can protect themselves from fraudulant activities.

Business Check Card: This a great option for those customers who need to expense a lot of money for the sake of their business. This card offers acceptance facility to more than 19 million locations all over the world.