Question by : can you have more than student checking account with suntrust?
i may have to take out take out a student loan with suntrust if i cant get my financial aid reinstated. I dnt want the money deposited into my student account, but i dnt want a regular checking account either (they charge fees). i was thinking to maybe open a second student account. will they allow it or they give me a check or pay the school directly ?
Best answer:
Answer by Rabinder
Yes
What do you think? Answer below!
Careful with Suntrust:
On March 1st, 2012 they will be changing their fee structure for this student account
You will be required to keep $ 300 minimum on each account or have direct deposit in each
Unless you have a parent linked to the account with these requirements
For each account you can only have one parent account linked (see if you can call and get special treatement to get around this)
The monthly fee for each account will be $ 4
There will also start charging for student accounts the famous debit card fee
^ this will be $ 5 a month for each account and having your parents linked will not avoid this fee in each account
In conclusion: You need to find a completely different bank soon
Suntrust is no longer a “nice bank”.
Consider them one of the big boy bully banks now
A credit union is the way to go unless you can meet their requirements
Read their new fee schedule at:
https://www.suntrust.com/Static/Documents/Global_Navigation/About_Us/Corporate_Governance/Public_Information/Fee_Schedules/FS_RETAIL_E.pdf
You can have more than one account, but you can’t have more than one student account.