SunTrust Bank Transfer Money Another Bank

Seamlessly transferring money from your SunTrust account to another bank has never been more convenient. With SunTrust’s user-friendly online banking platform and mobile app, you can initiate external transfers swiftly and securely whenever needed. Whether it’s paying bills, sending money to loved ones, or consolidating funds, the process of transferring money to another bank is straightforward and efficient.

How to Transfer Money from SunTrust to Another Bank

Transferring funds from your SunTrust account to an external bank account is a simple process that can be completed in a few easy steps. Before initiating the transfer, you’ll need to meet the eligibility requirements set by SunTrust, which typically include having a valid SunTrust account in good standing. Once you’ve confirmed your eligibility, follow these steps:

  1. Log in to your SunTrust online banking account or mobile app.
  2. Navigate to the “Transfer” or “External Transfer” section.
  3. Select the option to add a new external account if you haven’t already done so.
  4. Provide the necessary information about the external bank account you wish to transfer funds to, including the account number and routing number.
  5. Verify the external account by following the prompts provided by SunTrust.
  6. Once the external account is verified, you can proceed to initiate the transfer.
  7. Specify the amount you wish to transfer and the date you want the transfer to occur.
  8. Review and confirm the transfer details before submitting the request.

It’s important to note that SunTrust adheres to specific cut-off times and processing timelines for external transfers. Transfers initiated before the cut-off time on a business day are typically processed on the same day, while those initiated after the cut-off time or on weekends or holidays may be processed on the next business day. Be sure to check SunTrust’s website or contact customer service for the most up-to-date cut-off times and processing information.

Types of External Transfers Supported by SunTrust

SunTrust offers various options for transferring money to other bank accounts, catering to different needs and preferences. These include:

  • One-time transfers: Ideal for making a single transfer to an external account.
  • Recurring transfers: Convenient for setting up automatic transfers on a regular schedule, such as monthly or bi-weekly.
  • Domestic wire transfers: Suitable for transferring larger sums of money quickly, typically within the same business day. However, wire transfers often incur higher fees compared to other transfer methods.
  • ACH transfers: Automated Clearing House (ACH) transfers are a cost-effective option for transferring funds between accounts at different banks. While less expensive than wire transfers, ACH transfers may take a few business days to complete.

Each transfer option comes with its own set of fees, so it’s essential to review SunTrust’s fee schedule and choose the option that best suits your needs and budget.

Setting Up External Accounts for Transfers

Before you can initiate an external transfer with SunTrust, you’ll need to add the recipient’s bank account information to your SunTrust online banking profile. Here’s how you can set up external accounts for transfers:

  1. Log in to your SunTrust online banking account or mobile app.
  2. Navigate to the “External Accounts” or “Transfer Accounts” section.
  3. Select the option to add a new external account.
  4. Enter the necessary information about the external bank account, including the account number, routing number, and account type (checking or savings).
  5. Follow SunTrust’s verification process, which may involve confirming small trial deposits or providing additional documentation.
  6. Once the external account is verified, you can proceed to initiate transfers to or from that account.

It’s worth noting that SunTrust may impose limits on the number of external accounts you can add or the amount you can transfer. If you need to edit or remove an existing external account, you can do so through the online banking platform or by contacting SunTrust customer service.

SunTrust’s online banking platform and mobile app offer a range of features designed to make transferring money to another bank a hassle-free experience. Here’s an overview of what you can expect:

  • Online transfers: Initiate transfers conveniently from your computer by logging in to your SunTrust online banking account.
  • Mobile app transfers: With the SunTrust mobile app, you can transfer funds on the go, anytime, anywhere.
  • Scheduling future transfers: Plan ahead by scheduling one-time or recurring transfers for future dates.
  • Transfer limits: SunTrust may impose daily or monthly limits on the amount you can transfer to external accounts for security purposes.
  • Daily cut-off times: Be mindful of SunTrust’s daily cut-off times for transfers to ensure timely processing.

Additionally, SunTrust’s online banking and mobile app features robust security measures, such as multi-factor authentication and encryption, to protect your personal and financial information during transfers.