WINSTON-SALEM, N.C., July 15 /PRNewswire-FirstCall/ -- BB&T Corporation
(NYSE: BBT) today introduced a new checking account designed to help small
business owners avoid fees and save money.
Business Value 500 Checking will replace BB&T's Business Constant
Checking product and offer several benefits, including:
-- 500 free transactions per month
-- free cash deposits up to $20,000
-- free personal checking accounts for up to three business owners
-- free automatic overdraft protection transfers (from a money market
savings account or BB&T Visa Business credit card)
-- free online banking and bill pay
-- free business check card
-- Visa business rewards credit card with no annual fee
"This is a new business checking product that will reinforce our
standing as a top-ranked small-business friendly bank, and more
importantly, help our valued small business clients save money in a tough
economic environment," said Commercial Deposits Product Manager April
Ellerbe.
Small business owners can avoid a $25 monthly maintenance fee with any
of the following balances:
-- $5,000 minimum daily
-- $15,000 average monthly
-- $50,000 average per month in a business investor's deposit account
-- A combined $50,000 average per month among several BB&T business
deposit products, including business CDs or outstanding business loans
BB&T today also said its 3-year-old Free Business Checking product now
will include free cash deposits as high as $10,000 (up from $5,000).
With no minimum balance requirements or monthly maintenance fee, Free
Business Checking offers 150 free transactions per month, free online
banking and bill pay, a free business check card, a BB&T Visa business
credit card with no annual fee, and a free personal checking account.
The U.S. Small Business Administration annually ranks BB&T among the
nation's top "small business-friendly" financial holding companies.
With $136.4 billion in assets, Winston-Salem, N.C.-based BB&T
Corporation (NYSE: BBT) is the nation's 14th largest financial holding
company. It operates nearly 1,500 financial centers in 11 states and
Washington, D.C. More information about the company is available at
BBT.com.
SOURCE BB&T Corporation
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Related links:
http://www.bbt.com
http://www.prnewswire.com/comp/809325.html /
CONTACT:
April Ellerbe, Vice President, Commercial
Deposits, +1-704-954-1922, or Jeff Nichols, Vice President,
Corporate Communications, +1-336-733-1472, both of BB&T
Corporation
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